Brazil Serviced Apartment Market To Reach $16.73 Billion By 2033

Brazil Serviced Apartment Market Growth & Trends

The Brazil serviced apartment market size is expected to reach USD 16.73 billion by 2033, growing at a CAGR of 11.8% from 2025 to 2033, according to a new report by Grand View Research, Inc. The Brazil serviced apartment market is expanding swiftly as both business and leisure travelers increasingly acknowledge the benefits of flexible lodging options. The sector’s momentum is further supported by the nation’s economic rebound, rising tourist arrivals, and shifting consumer preferences, all of which are anticipated to propel industry growth throughout the forecast period.

Large-scale events such as Rio de Janeiro’s Carnival and São Paulo’s international trade fairs consistently draw a mix of leisure tourists and corporate guests. Serviced apartments stand out in this context by offering the convenience of hotel-style services alongside the privacy and comfort of a residential setting.

At the same time, business travelers and expatriates are increasingly opting for serviced apartments instead of conventional hotels due to their cost-effectiveness, residential features, and suitability for extended stays. This trend highlights a stronger corporate focus on affordability and practicality in employee accommodation strategies, with the resurgence of business travel further fueling demand in the Brazil serviced apartment industry.

Serviced apartment providers, especially those offering flexibility, localized experiences, and homely comforts, are increasingly appealing to travelers who seek alternatives to conventional hotel stays. This convergence of innovative startups and heavyweight hotel chains defines the competitive landscape of the Brazil serviced apartment market.

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Brazil Serviced Apartment Market Report Highlights

• Short-term serviced apartments dominated the Brazil service apartment market in 2024. The post-pandemic period witnessed a sharp rise in regional conferences, trade fairs, and industry exhibitions, which significantly boosted demand for adaptable accommodation options. Short-stay serviced apartments met this need by delivering hotel-style conveniences along with greater space and privacy, making them the preferred choice for corporate travelers staying anywhere from a few nights to several weeks.

• Corporate and business travelers held a significant share in the Brazil service apartment market in 2024. Key hubs like São Paulo and Rio de Janeiro, as financial and industrial centers, drew a significant flow of executives who prioritized serviced apartments for their strategic locations and professional services. These properties delivered both convenience and proximity to business districts, making them an efficient choice for short-term corporate stays and contributing to overall market expansion.

• Direct booking segment is expected to grow significantly from 2025 to 2033 within the Brazil serviced apartment market. Customers favored direct engagement with operators due to advantages such as personalized offers, easier cancellations, and loyalty rewards. In response, serviced apartment providers in Brazil have enhanced their digital platforms and websites, enabling smooth booking experiences and competitive pricing while reducing reliance on third-party intermediaries.

Brazil Serviced Apartment Market Segmentation

Grand View Research has segmented the Brazil serviced apartment market on the basis of type, end use, and booking mode:

Brazil Serviced Apartment Type Outlook (Revenue, USD Million, 2021 - 2033)

• Long-Term (>30 Nights)

• Short-Term (<30 Nights)

Brazil Serviced Apartment End Use Outlook (Revenue, USD Million, 2021 - 2033)

• Corporate/Business Traveler

• Leisure Travelers

• Expats & Relocators

Brazil Serviced Apartment Booking Mode Outlook (Revenue, USD Million, 2021 - 2033)

• Direct Booking

• Online Travel Agencies

• Corporate Contracts

List of Key Players in the Brazil Serviced Apartment Market

• Marriott International, Inc.

• Casai

• Accor

• Tabas

• Corporate Stays

• JFL Realty

• Q Apartments

• Seaflats

• Nomah

• Yuca