How big is the China serviced apartment market?

The China serviced apartment market was estimated at USD 7,828.1 million in 2024 and is expected to reach USD 8,398.7 million in 2025.

What is the China serviced apartment market growth?

The China serviced apartment market is expected to grow at a compound annual growth rate of 13.4% from 2025 to 2033 to reach USD 22,928.7 million by 2033.

Which segment accounted for the largest China serviced apartment market share?

Short-term service apartments held the largest market share in 2024, with a share of about 65.64%. The revival of international flights and the resumption of corporate travel led to a surge in demand for flexible, fully equipped accommodations that provide more comfort than hotels for stays of a few days to several weeks.

Who are the key players in China serviced apartment market?

Key players in the China serviced apartment market are The Ascott Limited; Frasers Hospitality; Oakwood; Marriott International, Inc.; Shama; Jinqiao Incorporated Company; Base Apartment Group; Lanson Place Hospitality; Stanford Residences (K. Wah Group); IFC Residence (Sun Hung Kai Properties), among others.

What are the factors driving the China serviced apartment market?

Key factors that are driving the China serviced apartment market growth include robust urbanization and rising long-term rental tenants. Another strong trend shaping the China serviced apartment market is the rise of remote work, digital nomadism, and "work-cation" behavior.