Market overview
The global serviced apartment market is worth USD 45.6 bn in 2026 and is forecast to reach USD 81.6 bn by 2036, growing at a 6.0% CAGR. United States is the largest country market and Long stay (over 30 nights) is the largest by length of stay segment.
| Scope | Revenue from serviced apartments: furnished self-catering apartments with hotel-style services, rented for short, medium and long stays. |
|---|---|
| Industry | Travel and Tourism |
| Value 2025 | USD 43.0 bn |
| Value 2026 | USD 45.6 bn |
| Value 2036 | USD 81.6 bn |
| CAGR 2026-2036 | 6.0% |
| Volume 2026 | 309 million apartment nights |
| Volume 2036 | 411 million apartment nights |
| Average price 2026 | USD 148 per apartment night |
| Report price | Starts from USD 1,999 |
| Published | November 2026 |
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Serviced Apartment market size and forecast, 2026-2036
Source: Compare Market Research analysis.
© 2026 Compare Market Research. All rights reserved.
| Year | Market value |
|---|---|
| 2026 | USD 45.6 bn |
| 2027 | USD 48.3 bn |
| 2028 | USD 51.2 bn |
| 2029 | USD 54.3 bn |
| 2030 | USD 57.5 bn |
| 2031 | USD 61.0 bn |
| 2032 | USD 64.7 bn |
| 2033 | USD 68.5 bn |
| 2034 | USD 72.6 bn |
| 2035 | USD 77.0 bn |
| 2036 | USD 81.6 bn |
Serviced Apartment market segmentation
By length of stay
Source: Compare Market Research analysis.
© 2026 Compare Market Research. All rights reserved.
| Segment | Share 2026 | Share 2036 | Value 2026 | CAGR 2026-36 |
|---|---|---|---|---|
| Short stay (up to 7 nights) | 34.0% | 30.8% | USD 15.5 bn | 5.0% |
| Medium stay (8 to 30 nights) | 31.0% | 30.9% | USD 14.1 bn | 6.0% |
| Long stay (over 30 nights) | 35.0% | 38.3% | USD 16.0 bn | 7.0% |
By class
Source: Compare Market Research analysis.
© 2026 Compare Market Research. All rights reserved.
| Segment | Share 2026 | Share 2036 | Value 2026 | CAGR 2026-36 |
|---|---|---|---|---|
| Luxury | 18.0% | 18.9% | USD 8.2 bn | 6.5% |
| Upscale | 32.0% | 32.0% | USD 14.6 bn | 6.0% |
| Midscale | 30.0% | 30.0% | USD 13.7 bn | 6.0% |
| Economy | 20.0% | 19.1% | USD 9.1 bn | 5.5% |
By operator type
| Segment | Share 2026 | Share 2036 | Value 2026 | CAGR 2026-36 |
|---|---|---|---|---|
| Hotel-brand serviced residences | 32.0% | 35.0% | USD 14.6 bn | 7.0% |
| Specialist operators | 30.0% | 30.0% | USD 13.7 bn | 6.0% |
| Independent and owner-run | 26.0% | 23.0% | USD 11.9 bn | 4.7% |
| Platform-managed apartments | 12.0% | 12.0% | USD 5.5 bn | 6.0% |
By guest type
| Segment | Share 2026 | Share 2036 | Value 2026 | CAGR 2026-36 |
|---|---|---|---|---|
| Corporate relocation | 34.0% | 31.0% | USD 15.5 bn | 5.0% |
| Project and contract workers | 18.0% | 17.0% | USD 8.2 bn | 5.4% |
| Leisure and family | 24.0% | 27.0% | USD 10.9 bn | 7.3% |
| Insurance and temporary housing | 12.0% | 12.0% | USD 5.5 bn | 6.0% |
| Medical and education stays | 12.0% | 13.0% | USD 5.5 bn | 6.8% |
By unit size
| Segment | Share 2026 | Share 2036 | Value 2026 | CAGR 2026-36 |
|---|---|---|---|---|
| Studio | 34.0% | 32.0% | USD 15.5 bn | 5.4% |
| 1-bedroom | 36.0% | 35.0% | USD 16.4 bn | 5.7% |
| 2-bedroom | 20.0% | 21.0% | USD 9.1 bn | 6.5% |
| 3-bedroom and larger | 10.0% | 12.0% | USD 4.6 bn | 8.0% |
Top 25 countries for serviced apartment by revenue
Countries are ranked by revenue earned from sales in the country, not by where the product is made. The ten largest hold 78.5% of 2026 revenue and the 25 countries below together hold 94.4%.
Source: Compare Market Research analysis.
© 2026 Compare Market Research. All rights reserved.
| # | Country | Value 2026 | Share 2026 | Value 2036 | CAGR 2026-36 |
|---|---|---|---|---|---|
| 1 | United States | USD 15.0 bn | 33.0% | USD 25.0 bn | 5.2% |
| 2 | China | USD 4.1 bn | 9.0% | USD 9.5 bn | 8.7% |
| 3 | United Kingdom | USD 3.6 bn | 8.0% | USD 6.0 bn | 5.2% |
| 4 | Australia | USD 2.3 bn | 5.0% | USD 3.8 bn | 5.1% |
| 5 | Japan | USD 2.3 bn | 5.0% | USD 4.2 bn | 6.2% |
| 6 | Germany | USD 2.3 bn | 5.0% | USD 4.0 bn | 5.8% |
| 7 | France | USD 1.8 bn | 4.0% | USD 3.2 bn | 5.7% |
| 8 | United Arab Emirates | USD 1.6 bn | 3.5% | USD 3.3 bn | 7.7% |
| 9 | Singapore | USD 1.4 bn | 3.0% | USD 2.4 bn | 5.6% |
| 10 | Spain | USD 1.4 bn | 3.0% | USD 2.5 bn | 6.3% |
| 11 | Canada | USD 1.3 bn | 2.8% | USD 2.3 bn | 6.1% |
| 12 | India | USD 1.1 bn | 2.3% | USD 2.0 bn | 6.8% |
| 13 | South Korea | USD 884 mn | 1.9% | USD 1.6 bn | 6.1% |
| 14 | Netherlands | USD 743 mn | 1.6% | USD 1.2 bn | 5.3% |
| 15 | Italy | USD 624 mn | 1.4% | USD 1.1 bn | 5.4% |
| 16 | Switzerland | USD 524 mn | 1.1% | USD 882 mn | 5.3% |
| 17 | Saudi Arabia | USD 438 mn | 1.0% | USD 857 mn | 7.0% |
| 18 | Hong Kong | USD 369 mn | 0.8% | USD 669 mn | 6.1% |
| 19 | Thailand | USD 310 mn | 0.7% | USD 604 mn | 6.9% |
| 20 | Malaysia | USD 260 mn | 0.6% | USD 506 mn | 6.9% |
| 21 | Ireland | USD 219 mn | 0.5% | USD 400 mn | 6.2% |
| 22 | Qatar | USD 182 mn | 0.4% | USD 359 mn | 7.0% |
| 23 | Brazil | USD 155 mn | 0.3% | USD 278 mn | 6.0% |
| 24 | Indonesia | USD 128 mn | 0.3% | USD 253 mn | 7.1% |
| 25 | Vietnam | USD 109 mn | 0.2% | USD 212 mn | 6.8% |
| Rest of world | USD 2.5 bn | 5.6% | USD 4.6 bn | 6.0% |
Source: Compare Market Research analysis.
© 2026 Compare Market Research. All rights reserved.
Competitive landscape
Group 1: Global leaders
- Ascott
- Marriott International
- Hilton
- Extended Stay America
- Frasers Hospitality
- Accor
Group 2: Regional and specialist players
- Oakwood Worldwide
- TFE Hotels
- Staycity
- Adagio
- Quest Apartment Hotels
- Meriton Suites
- Oaks Hotels & Resorts
- Lanson Place
Group 3: Emerging and niche players
- Zoku
- Cheval Collection
- Saco
- Blueground
- Mint House
- limehome
- Numa
Research methodology
Every figure on this page comes from the research framework that we apply to all of the markets we cover. The 2025 base for the serviced apartment market is built from the volume sold and the price that buyers pay, and is cross-checked against the size of the wider industry the market belongs to. Where a market can be sized in more than one way, the routes are compared before a figure is set.
The forecast runs year by year from the 2025 base to 2036. Growth in each year reflects demand from the industries that buy the product, adoption of new technology, pricing, regulation and replacement cycles. Volume and price are modelled together, so revenue in each year equals volume multiplied by average price. The 2026 to 2036 compound annual growth rate of 6.0% is calculated from the resulting values.
The market is divided by length of stay, by class, by operator type, by guest type, by unit size. The 25 largest countries are ranked by revenue earned from sales to buyers in each country, not by where the product is made. Segment values and country values add up to the market total in every year, and every report is checked for consistency before it is published.
Companies are placed in three groups: global leaders, regional and specialist players, and emerging and niche players. The groups describe how companies compete in the market. They are not a ranking and they are not market shares.
Our analysts also carry out primary research. Customized reports add interviews with key opinion leaders, such as senior executives, technical specialists and buyers, to test the assumptions behind the numbers for the question being asked.
Frequently asked questions
How big is the serviced apartment market?
The global serviced apartment market is estimated at USD 43.0 bn in 2025 and USD 45.6 bn in 2026.
How fast will the serviced apartment market grow?
It is forecast to reach USD 81.6 bn by 2036, a compound annual growth rate of 6.0% from 2026, an increase of USD 36.0 bn.
Which country is the largest market for serviced apartment?
United States is the largest market by revenue at USD 15.0 bn in 2026, 33.0% of the global total. The three largest countries together hold 50.0%.
Which country is growing fastest?
Among the ten largest markets, China is growing fastest at 8.7% a year from 2026 to 2036.
Which serviced apartment segment is largest?
In the by length of stay split, Long stay (over 30 nights) is the largest segment with 35.0% of 2026 revenue.
Who are the leading serviced apartment companies?
Global leaders include Ascott, Marriott International, Hilton, Extended Stay America.
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