Accommodation, Hospitality & Personal Services

Serviced Apartments: Market Size, Growth & Forecast to 2030

The Serviced Apartments market is valued at about $139.74 billion (2026) and is projected to grow at a 11.9% CAGR through 2030. The largest cost driver is Real estate rent and lease costs (45% of spend).

Market size
$139.7 bn (2026)
CAGR to 2030
+11.9%
Buyer power
Favours buyers
Tracked suppliers
45

Projected market growth to 2030

Market size index, 2026 = 100, at the 11.9% CAGR.

1751501251001002026111.92027125.22028140.12029156.82030175.42031

Cost structure

Real estate rent and lease costs
45%
Labor and property management
25%
Utilities and telecom
12%
Maintenance, cleaning, and turnover supplies
10%
Marketing and distribution channel fees
8%

Key suppliers

The Ascott LimitedMarriott International (Marriott Executive Apartments)Frasers HospitalitySonder HoldingsStaycity GroupBridgeStreet Global Hospitality
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Claight market analysis of proprietary and public data. Full report: /category-intelligence/serviced-apartments