According to a recent research, Industry revenue for Serviced Apartment is expected to rise to $312.6 billion by 2030 from $143.1 billion of 2024. The revenue growth of industry players is estimated to average at 13.9% annually for period 2024 to 2030. Growing end-industry applications in major countries like U.S., UK and Australia, is driving the market demand high.
Research Study analyse the new revenue pockets, emerging markets, competition landscape, opportunities & niche insights for Stay duration (Short-term stay, Medium-term stay, Long-term stay), Accommodation type (Studio apartments, One-bedroom apartments, Multi-bedroom apartments) and Package offerings (Basic services, executive services).
Access the detailed report here - ๐ก๐ญ๐ญ๐ฉ๐ฌ://๐๐๐ญ๐๐ฌ๐ญ๐ซ๐ข๐ง๐ ๐๐จ๐ง๐ฌ๐ฎ๐ฅ๐ญ๐ข๐ง๐ .๐๐จ๐ฆ/๐ข๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ-๐๐ง๐๐ฅ๐ฒ๐ฌ๐ข๐ฌ/๐ฌ๐๐ซ๐ฏ๐ข๐๐๐-๐๐ฉ๐๐ซ๐ญ๐ฆ๐๐ง๐ญ-๐ฆ๐๐ซ๐ค๐๐ญ-๐ซ๐๐ฌ๐๐๐ซ๐๐ก-๐ซ๐๐ฉ๐จ๐ซ๐ญ
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North America and Europe are the two most active and leading regions in the market. In Europe's Serviced Apartment sector thrives on demand in key cities such as London, Paris and Berlin with a blend of local and global chains vying for business. Navigating shifts and property rights poses hurdles and chances for growth in this industry. The rising preference, for friendly lodging could pave the way for a fresh market segment to emerge.
With challenges like high operational costs and stiff competition from hotels and other rental services, Serviced Apartment marketโs eco system from real estate sourcing & development to marketing & customer acquisition is expected to evolve & expand further; and industry players will make strategic advancement in emerging markets including Vietnam, Nigeria and Colombia for revenue diversification and TAM expansion. The industry of serviced apartments is embracing sustainability as consumer awareness grows in this area prompting providers to adopt eco practices such as energy efficient settings, with green amenities and recycling initiatives aimed at reducing water usage.
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The Serviced Apartment market is characterized by intense competition, with a number of leading players such as Ascott Limited, Bridgestreet, Frasers Hospitality, Quest Apartment Hotels, Oakwood Worldwide, Citadines, Homelike, iQ Student Accommodation, SilverDoor Apartments, Synergy Global Housing, TheSqua.re and Treetop Development. These players are pushing & penetrating the market with their strategies.
๐ก๐ญ๐ญ๐ฉ๐ฌ://๐๐๐ญ๐๐ฌ๐ญ๐ซ๐ข๐ง๐ ๐๐จ๐ง๐ฌ๐ฎ๐ฅ๐ญ๐ข๐ง๐ .๐๐จ๐ฆ/๐๐จ๐ฐ๐ง๐ฅ๐จ๐๐๐ฌ๐๐ฆ๐ฉ๐ฅ๐/๐ฌ๐๐ซ๐ฏ๐ข๐๐๐-๐๐ฉ๐๐ซ๐ญ๐ฆ๐๐ง๐ญ-๐ฆ๐๐ซ๐ค๐๐ญ-๐ซ๐๐ฌ๐๐๐ซ๐๐ก-๐ซ๐๐ฉ๐จ๐ซ๐ญ
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