U.S. Serviced Apartment Market To Reach $44.03 Billion By 2033

U.S. Serviced Apartment Market Growth & Trends

The U.S. serviced apartment market size is expected to reach USD 44.03 billion by 2033, growing at a CAGR of 14.5% from 2025 to 2033, according to a new report by Grand View Research, Inc. In the U.S., serviced apartment growth is driven by strong corporate and relocation demand, rising numbers of digital nomads, and remote workers. Urban migration, higher disposable incomes, and a preference for private, fully equipped accommodations near business hubs further boost demand, while companies favor direct corporate contracts for convenience and cost efficiency.

Hybrid accommodation models combine the home-like comfort of serviced apartments with hotel-style amenities, offering flexible, personalized stays for remote workers, digital nomads, and extended-stay guests who want independence without losing service quality. This trend meets rising demand for longer, lifestyle-focused stays.

In the U.S. serviced apartment market, wellness and sustainability are key. Features like in-room fitness, yoga spaces, and health-focused design paired with eco-friendly measures such as energy efficiency, sustainable materials, and waste reduction appeal to health-conscious and environmentally aware travelers.

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U.S. Serviced Apartment Market Report Highlights

• The short-term serviced apartments held the highest revenue of U.S. market in 2024, driven by demand for flexible, cost-effective stays under 30 nights. Favored by business and leisure travelers for their space, amenities, and convenience, they suit project work, bleisure trips, and relocations, boosted by digital booking and self-check-in systems.

• Corporate travelers held the largest revenue in the U.S. serviced apartment market in 2024, drawn to spacious, well-equipped units with work areas, high-speed internet, and hotel-like services. Favored for extended assignments and relocations, they offer companies a cost-efficient hotel alternative while boosting employee comfort and productivity, with steady demand from sectors like finance, tech, consulting, and healthcare.

• Direct bookings dominated U.S. serviced apartment market in 2024. By bypassing third-party platforms, direct bookings offer cost savings, personalized service, and stronger brand relationships. Favored by corporate and long-stay guests, they provide competitive rates, clear communication, and greater flexibility.

U.S. Serviced Apartment Market Segmentation

Grand View Research has segmented the U.S. serviced apartment market based on type, end use, and booking mode:

U.S. Serviced Apartment Type Outlook (Revenue, USD Billion, 2021 - 2033)

• Long Term (>30 Nights)

• Short Term (<30 Nights)

U.S. Serviced Apartment End-use Outlook (Revenue, USD Billion, 2021 - 2033)

• Corporate/Business Traveler

• Leisure Travelers

• Expats and Relocators

U.S. Serviced Apartment Booking Mode Outlook (Revenue, USD Billion, 2021 - 2033)

• Direct Booking

• Online Travel Agencies

• Corporate Contracts

List of Key Players of the U.S. Serviced Apartment Market

• The Ascott Limited

• Habicus Group

• The Squa.re Serviced Apartments

• Adagio

• Marriott International, Inc.

• Blueground Holdings Limited

• Synergy Global Housing

• Execustay Boutique Guesthouse

• Hospitality Net

• National Corporate Housing