South Africa Aparthotels, Service Apartments, & Co-Living Market Size & Outlook
The aparthotels, service apartments, & co-living market in South Africa is expected to reach a projected revenue of US$ 611.5 million by 2030. A compound annual growth rate of 13.5% is expected of South Africa aparthotels, service apartments, & co-living market from 2025 to 2030.
Revenue, 2024 (US$M)
$285.5
Forecast, 2030 (US$M)
$611.5
CAGR, 2025 - 2030
13.5%
Report Coverage
South Africa
South Africa Aparthotels, Service Apartments, Co-Living Market, 2018-2030 (US$M)
Global Market
Related Markets
South Africa aparthotels, service apartments, & co-living market highlights
- The South Africa aparthotels, service apartments, & co-living market generated a revenue of USD 285.5 million in 2024 and is expected to reach USD 611.5 million by 2030.
- The South Africa market is expected to grow at a CAGR of 13.5% from 2025 to 2030.
- In terms of segment, service apartments was the largest revenue generating type in 2024.
- Co-living is the most lucrative type segment registering the fastest growth during the forecast period.
Aparthotels, service apartments, & co-living market data book summary
| Market revenue in 2024 | USD 285.5 million |
| Market revenue in 2030 | USD 611.5 million |
| Growth rate | 13.5% (CAGR from 2025 to 2030) |
| Largest segment | Service apartments |
| Fastest growing segment | Co-living |
| Historical data | 2018 - 2023 |
| Base year | 2024 |
| Forecast period | 2025 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Aparthotels, Service Apartments, Co-living |
Other key industry trends
- In terms of revenue, South Africa accounted for 0.5% of the global aparthotels, service apartments, & co-living market in 2024.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Middle East & Africa, UAE aparthotels, service apartments, & co-living market is projected to lead the regional market in terms of revenue in 2030.
- South Africa is the fastest growing regional market in Middle East & Africa and is projected to reach USD 611.5 million by 2030.
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Publish Date: Jan 07, 2025
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Aparthotels, Service Apartments, & Co-Living Market Scope
Aparthotels, Service Apartments, & Co-living Market segmentation & scope
Aparthotels, Service Apartments, Co-Living Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Hyatt Hotels Corp Class A | View profile | 51,000 | 150 North Riverside Plaza, 8th Floor, Chicago, IL, United States, 60606 | www.hyatt.com |
| Marriott International Inc Class A | View profile | 411,000 | 7750 Wisconsin Avenue, Bethesda, MD, United States, 20814 | www.marriott.com |
| Four Seasons Hotels and Resorts | View profile | 10001+ | Toronto, Ontario, Canada, North America | www.fourseasons.com |
| Hilton Worldwide Holdings Inc | View profile | 178,000 | 7930 Jones Branch Drive, Suite 1100, McLean, VA, United States, 22102 | www.hilton.com |
| Pierre & Vacances Center Parcs Gro | View profile | - | Plagne, Rhone-Alpes, France, Europe | www.pierreetvacances.com/fr |
| H10 Hotels | View profile | 1001-5000 | Barcelona, Catalonia, Spain, Europe | www.h10.es |
| Staybridge Suites | View profile | 11-50 | Columbia, Missouri, United States, North America | staybridge.com |
| The Ascott Limited | View profile | 5001-10000 | Singapore, Central Region, Singapore, Asia | www.the-ascott.com/careers |
| Sandman Hotel Group | View profile | 1001-5000 | Vancouver, British Columbia, Canada, North America | www.sandmanhotels.com/ |
South Africa Aparthotels, Service Apartments, & Co-living Market Outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to Aparthotels, Service Apartments, & Co-living Market Outlook will help companies and investors design strategic landscapes.
Service Apartments was the largest segment with a revenue share of 79.61% in 2024.
Horizon Databook has segmented the South Africa aparthotels, service apartments, & co-living market based on aparthotels, service apartments, co-living covering the revenue growth of each sub-segment from 2018 to 2030.
- South Africa Aparthotels, Service Apartments, & Co-Living Market Type Outlook (Revenue, USD Million , 2018-2030)
- Aparthotels
- Service Apartments
- Co-living
- South Africa Aparthotels, Service Apartments, & Co-Living Market End Use Outlook (Revenue, USD Million , 2018-2030)
- Corporate/Business Traveler
- Leisure Traveler
- Expats and Relocators
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Horizon Databook provides a detailed overview of country-level data and insights on the South Africa Aparthotels, Service Apartments, & Co-living Market Outlook, including forecasts for subscribers. This country databook contains high-level insights into South Africa Aparthotels, Service Apartments, & Co-living Market Outlook from 2018 to 2030, including revenue numbers, major trends, and company profiles.
South Africa Aparthotels, Service Apartments, Co-Living Market, 2018-2030 (US$M)
South Africa Type - Aparthotels, Service Apartments, & Co-living Market Statistics, 2024 - 2030 (US$M)
