Serviced Apartment Market set to rise $312.6 billion by 2030, as Emergence of Eco-Friendly Initiatives hits transformation ground


Posted January 29, 2025 by datastring

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.
 
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 - ๐ก๐ญ๐ญ๐ฉ๐ฌ://๐๐š๐ญ๐š๐ฌ๐ญ๐ซ๐ข๐ง๐ ๐œ๐จ๐ง๐ฌ๐ฎ๐ฅ๐ญ๐ข๐ง๐ .๐œ๐จ๐ฆ/๐ข๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ-๐š๐ง๐š๐ฅ๐ฒ๐ฌ๐ข๐ฌ/๐ฌ๐ž๐ซ๐ฏ๐ข๐œ๐ž๐-๐š๐ฉ๐š๐ซ๐ญ๐ฆ๐ž๐ง๐ญ-๐ฆ๐š๐ซ๐ค๐ž๐ญ-๐ซ๐ž๐ฌ๐ž๐š๐ซ๐œ๐ก-๐ซ๐ž๐ฉ๐จ๐ซ๐ญ

๐‘๐ž๐ ๐ข๐จ๐ง๐š๐ฅ ๐€๐ง๐š๐ฅ๐ฒ๐ฌ๐ข๐ฌ

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 marketโ€™s 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.

๐ˆ๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ ๐‹๐ž๐š๐๐ž๐ซ๐ฌ๐ก๐ข๐ฉ ๐š๐ง๐ ๐’๐ญ๐ซ๐š๐ญ๐ž๐ ๐ข๐ž๐ฌ

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.
๐ก๐ญ๐ญ๐ฉ๐ฌ://๐๐š๐ญ๐š๐ฌ๐ญ๐ซ๐ข๐ง๐ ๐œ๐จ๐ง๐ฌ๐ฎ๐ฅ๐ญ๐ข๐ง๐ .๐œ๐จ๐ฆ/๐๐จ๐ฐ๐ง๐ฅ๐จ๐š๐๐ฌ๐š๐ฆ๐ฉ๐ฅ๐ž/๐ฌ๐ž๐ซ๐ฏ๐ข๐œ๐ž๐-๐š๐ฉ๐š๐ซ๐ญ๐ฆ๐ž๐ง๐ญ-๐ฆ๐š๐ซ๐ค๐ž๐ญ-๐ซ๐ž๐ฌ๐ž๐š๐ซ๐œ๐ก-๐ซ๐ž๐ฉ๐จ๐ซ๐ญ

๐€๐›๐จ๐ฎ๐ญ ๐ƒ๐š๐ญ๐š๐’๐ญ๐ซ๐ข๐ง๐  ๐‚๐จ๐ง๐ฌ๐ฎ๐ฅ๐ญ๐ข๐ง๐ 

DataString Consulting assist companies in strategy formulations & roadmap creation including TAM expansion, revenue diversification strategies and venturing into new markets; by offering in depth insights into developing trends and competitor landscapes as well as customer demographics. Our customized & direct strategies, filters industry noises into new opportunities; and reduces the effective connect time between products and its market niche.

DataString Consulting offers complete range of market research and business intelligence solutions for both B2C and B2B markets all under one roof. DataStringโ€™s leadership team has more than 30 years of combined experience in Market & business research and strategy advisory across the world. Our Industry experts and data aggregators continuously track & monitor high growth segments within more than 15 industries and 60 sub-industries.
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Last Updated January 29, 2025