The U.S. serviced apartment market size was estimated at USD 13.80 billion in 2024 and is projected to reach USD 44.03 billion by 2033, growing at a CAGR of 14.5% from 2025 to 2033. In the U.S., the serviced apartment market is fueled by strong corporate and relocation demand. Businesses seek cost-efficient, home-like accommodations for extended stays, alongside a growing population of digital nomads and remote workers. Rising urban migration and higher disposable incomes are expanding the customer base, while companies increasingly favor direct corporate contracts and bookings for greater convenience and cost savings. These factors, combined with a preference for privacy, fully equipped amenities, and locations near business hubs, drive sustained growth in the sector.
The rise of hybrid accommodation models reflects a shift in hospitality toward flexibility, personalization, and lifestyle-oriented stays. By blending the self-sufficiency and home-like environment of serviced apartments with the amenities, service standards, and convenience of hotels, these spaces cater to modern travelers, especially remote workers, digital nomads, and extended-stay guests, who value comfort without sacrificing service. This approach meets the growing demand for longer, more immersive stays, while appealing to those seeking both independence and curated hospitality experiences.
The ongoing growth of remote work and digital nomad lifestyles drives strong demand for long-stay accommodations that blend comfort with functionality. In response, serviced apartment operators and corporate housing providers are enhancing their portfolios with fully furnished units, high-speed internet, dedicated workspaces, and amenities that replicate the convenience of home. These offerings cater to professionals seeking stability, privacy, and productivity during extended assignments or travel, making them a preferred alternative to traditional hotel stays.
Wellness and sustainability have become core pillars in the U.S. serviced apartment market, with upscale properties integrating features like in-room fitness equipment, communal yoga areas, and health-focused interior design to enhance guest well-being. At the same time, eco-friendly initiatives, such as installing energy-efficient systems, using sustainable building materials, and implementing waste reduction programs, are increasingly prioritized to meet growing environmental awareness among travelers. This dual focus appeals to health-conscious guests and aligns with global trends toward responsible and sustainable hospitality.
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The rise of hybrid accommodation models reflects a shift in hospitality toward flexibility, personalization, and lifestyle-oriented stays. By blending the self-sufficiency and home-like environment of serviced apartments with the amenities, service standards, and convenience of hotels, these spaces cater to modern travelers, especially remote workers, digital nomads, and extended-stay guests, who value comfort without sacrificing service. This approach meets the growing demand for longer, more immersive stays, while appealing to those seeking both independence and curated hospitality experiences.
The ongoing growth of remote work and digital nomad lifestyles drives strong demand for long-stay accommodations that blend comfort with functionality. In response, serviced apartment operators and corporate housing providers are enhancing their portfolios with fully furnished units, high-speed internet, dedicated workspaces, and amenities that replicate the convenience of home. These offerings cater to professionals seeking stability, privacy, and productivity during extended assignments or travel, making them a preferred alternative to traditional hotel stays.
Wellness and sustainability have become core pillars in the U.S. serviced apartment market, with upscale properties integrating features like in-room fitness equipment, communal yoga areas, and health-focused interior design to enhance guest well-being. At the same time, eco-friendly initiatives, such as installing energy-efficient systems, using sustainable building materials, and implementing waste reduction programs, are increasingly prioritized to meet growing environmental awareness among travelers. This dual focus appeals to health-conscious guests and aligns with global trends toward responsible and sustainable hospitality.
U.S. Serviced Apartment Market Report Segmentation
This report forecasts revenue growth at the country level and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2021 to 2033. The analyst has segmented the U.S. serviced apartment market report based on type, end use, and booking mode:Type Outlook (Revenue, USD Billion, 2021-2033)
- Long Term (>30 Nights)
- Short Term (< 30 Nights)
End-use Outlook (Revenue, USD Billion, 2021-2033)
- Corporate/Business Traveler
- Leisure Travelers
- Expats and Relocators
Booking Mode Outlook (Revenue, USD Billion, 2021-2033)
- Direct Booking
- Online Travel Agencies
- Corporate Contracts
Why should you buy this report?
- Comprehensive Market Analysis: Gain detailed insights into the industry across major regions and segments.
- Competitive Landscape: Explore the market presence of key players.
- Future Trends: Discover the pivotal trends and drivers shaping the future of the market.
- Actionable Recommendations: Utilize insights to uncover new revenue streams and guide strategic business decisions.
This report addresses:
- Market intelligence to enable effective decision-making
- Market estimates and forecasts from 2018 to 2030
- Growth opportunities and trend analyses
- Segmental and regional revenue forecasts for market assessment
- Competition strategy and market share analysis
- Product innovation listings for you to stay ahead of the curve
- COVID-19's impact and how to sustain in these fast-evolving markets
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Table of Contents
Chapter 1. Methodology and Scope
Chapter 2. Executive Summary
Chapter 3. U.S. Serviced Apartment Market Variables and Trends
Chapter 4. U.S. Serviced Apartment Market: Type Estimates & Trend Analysis
Chapter 5. U.S. Serviced Apartment Market: End Use Estimates & Trend Analysis
Chapter 6. U.S. Serviced Apartment Market: Booking Mode Estimates & Trend Analysis
Chapter 7. U.S. Serviced Apartment Market: Competitive Analysis
List of Tables
List of Figures
Companies Mentioned
The major companies profiled in this U.S. Serviced Apartment market report include:- 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
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