The Canada serviced apartment market size was estimated at USD 2.76 billion in 2024 and is projected to reach USD 9.52 billion by 2033, growing at a CAGR of 15.6% from 2025 to 2033. In Canada, demand for serviced apartments is fueled by the need for flexible long-stay options among business travelers, expatriates, and relocating families, alongside the rise of remote work and digital nomads seeking home-like spaces with productivity features. Rapid urbanization and housing shortages further reinforce this trend, making serviced apartments an attractive alternative to traditional rentals.
A growing trend in the Canada serviced apartment industry is the integration of hybrid workspaces, where properties either include dedicated co-working areas or collaborate with external workspace providers. This caters to remote workers, digital nomads, and business travelers who require professional environments within or near their accommodation, combining the comfort of extended stays with the functionality of modern offices.
Serviced apartment operators increasingly prioritize personalized guest experiences by offering tailored welcome packages, customized service plans, and loyalty programs. These efforts aim to build stronger connections with guests, enhance satisfaction, and encourage repeat stays by making each visit feel unique and thoughtfully designed around individual preferences.
Sustainability has become a key focus in the serviced apartment industry, with operators adopting eco-friendly practices such as using energy-efficient appliances, installing smart energy systems, and incorporating sustainable building materials. These initiatives reduce environmental impact and appeal to a growing segment of environmentally conscious travelers who prefer accommodations that align with their values, enhancing brand image and guest loyalty.
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A growing trend in the Canada serviced apartment industry is the integration of hybrid workspaces, where properties either include dedicated co-working areas or collaborate with external workspace providers. This caters to remote workers, digital nomads, and business travelers who require professional environments within or near their accommodation, combining the comfort of extended stays with the functionality of modern offices.
Serviced apartment operators increasingly prioritize personalized guest experiences by offering tailored welcome packages, customized service plans, and loyalty programs. These efforts aim to build stronger connections with guests, enhance satisfaction, and encourage repeat stays by making each visit feel unique and thoughtfully designed around individual preferences.
Sustainability has become a key focus in the serviced apartment industry, with operators adopting eco-friendly practices such as using energy-efficient appliances, installing smart energy systems, and incorporating sustainable building materials. These initiatives reduce environmental impact and appeal to a growing segment of environmentally conscious travelers who prefer accommodations that align with their values, enhancing brand image and guest loyalty.
Canada 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 Canada 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
This product will be delivered within 1-3 business days.
Table of Contents
Chapter 1. Methodology and Scope
Chapter 2. Executive Summary
Chapter 3. Canada Serviced Apartment Market Variables and Trends
Chapter 4. Canada Serviced Apartment Market: Type Estimates & Trend Analysis
Chapter 5. Canada Serviced Apartment Market: End Use Estimates & Trend Analysis
Chapter 6. Canada Serviced Apartment Market: Booking Mode Estimates & Trend Analysis
Chapter 7. Canada Serviced Apartment Market: Competitive Analysis
List of Tables
List of Figures
Companies Mentioned
The major companies profiled in this Canada Serviced Apartment market report include:- Premiere Suites
- Corporate Stays
- Sonder Holdings Inc
- DelSuites Inc.
- Today Living Group
- Situ accommodation
- National Corporate Housing
- Blueground
- The Apartment Network
- Toronto Boutique Apartments (TBA)
![France Serviced Apartment Market Size, Share & Trends Analysis Report by Type [Long-Term (>30 Nights), Short-Term (<30 Nights)], by End Use (Corporate/Business Traveler, Leisure Travelers) by Booking Mode, and Segment Forecasts, 2025-2033 - Product Image](http://www.researchandmarkets.com/product_images/12849/12849538_60px_jpg/france_serviced_apartment_market.jpg)
