Asia Pacific Serviced Apartment Market Size & Outlook
The serviced apartment market in Asia Pacific is expected to reach a projected revenue of US$ 57,949.4 million by 2030. A compound annual growth rate of 13.7% is expected of Asia Pacific serviced apartment market from 2024 to 2030.
Revenue, 2025 (US$M)
$23,627.4
Estimate, 2026 (US$M)
$32,082.8
Forecast, 2033 (US$M)
$57,949.4
CAGR, 2026 - 2033
13.7%
Asia Pacific Serviced Apartment Market, 2021-2033 (US$M)
Asia Pacific serviced apartment market highlights
- The Asia Pacific serviced apartment market generated a revenue of USD 23,627.4 million in 2023.
- The market is expected to grow at a CAGR of 13.7% from 2024 to 2030.
- In terms of segment, long-term (>30 nights) was the largest revenue generating type in 2023.
- Long-Term (>30 Nights) is the most lucrative type segment registering the fastest growth during the forecast period.
Asia Pacific data book summary
| Market revenue in 2023 | USD 23,627.4 million |
| Market revenue in 2030 | USD 57,949.4 million |
| Growth rate | 13.7% (CAGR from 2024 to 2030) |
| Largest segment | Long-term (>30 nights) |
| Fastest growing segment | Long-Term (>30 Nights) |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Long-Term (>30 Nights) |
| Key market players worldwide | CapitaLand India Trust Units Real Estate Investment Trust, Frasers Group PLC, Marriott International Inc Class A |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 21.0% of the global serviced apartment market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 57,949.4 million by 2030.
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Publish Date: Mar 18, 2026
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Serviced Apartment Market Scope
Serviced Apartment Market segmentation & scope
Booking Mode
Corporate Contracts
Direct Booking
Online Travel Agencies
Others
End Use
Corporate/Business Traveler
Leisure Travelers
Expats and Relocators
Traveler Type
Domestic
international
Serviced Apartment Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Marriott International Inc Class A | View profile | 411,000 | 7750 Wisconsin Avenue, Bethesda, MD, United States, 20814 | www.marriott.com |
| Frasers Group PLC | View profile | 32,480 | Unit A, Brook Park East, Shirebrook, United Kingdom, NG20 8RY | www.frasers.group |
| CapitaLand India Trust Units Real Estate Investment Trust | View profile | 21 | 168 Robinson Road, No. 30-01, Capital Tower, Singapore, Singapore, 068912 | www.clint.com.sg |
| Viridian Group | View profile | 1001-5000 | Belfast, Belfast, United Kingdom, Europe | www.viridiangroup.co.uk |
| The Ascott Limited | View profile | 5001-10000 | Singapore, Central Region, Singapore, Asia | www.the-ascott.com/careers |
| Adagio | View profile | 11-50 | Ghent, Oost-Vlaanderen, Belgium, Europe | www.adagioagency.com |
| Staycity | View profile | 1001-5000 | Dublin, Dublin, Ireland, Europe | www.staycity.com/ |
| Habicus Group | View profile | 11-50 | London, England, United Kingdom, Europe | www.habicus.com |
| SQUA.RE | View profile | 11-50 | London, England, United Kingdom, Europe | squa.re |
Asia Pacific Serviced Apartment 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 Serviced Apartment Market Outlook will help companies and investors design strategic landscapes.
Long-Term (>30 Nights) was the largest segment with a revenue share of 100.0% in 2023.
Horizon Databook has segmented the Asia Pacific serviced apartment market based on long-term (>30 nights) covering the revenue growth of each sub-segment from 2018 to 2030.
- Asia Pacific Serviced Apartment Market Type Outlook (Revenue, USD Million , 2021-2033)
- Short-Term (<30 Nights)
- Long-Term (>30 Nights)
- Asia Pacific Serviced Apartment Market Booking Mode Outlook (Revenue, USD Million , 2021-2033)
- Corporate Contracts
- Direct Booking
- Online Travel Agencies
- Asia Pacific Serviced Apartment Market End Use Outlook (Revenue, USD Million , 2021-2033)
- Corporate/Business Traveler
- Leisure Travelers
- Expats and Relocators
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Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific Serviced Apartment Market Outlook, including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific Serviced Apartment Market Outlook from 2021 to 2033, including revenue numbers, major trends, and company profiles.