Top 500

Serviced Apartments in Australia: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Serviced Apartments Market Research Report | ANZSIC H4404 | Feb 2016

In service: Demand for serviced apartments has risen as consumers seek lower prices

IBISWorld’s Serviced Apartments market research report can be used to help you: understand market size and growth potential; major companies; draft business plans and pitch books; and conduct benchmarking and SWOT analysis. Our industry analysis highlights macro industry trends in the overall sector and micro trends faced by companies that do business in the industry. The industry report also provides key industry statistics and 5-year forecasts to anticipate future industry prospects so you can decide with confidence.

Report Snapshot
Market Share of Companies
Industry Statistics & Market Size
Annual Growth 11-16
Annual Growth 16-21
Add to Cart
Add to Cart
Industry Analysis & Industry Trends

The Serviced Apartments industry has grown strongly over the past five years. The industry has steadily drawn market share away from other operators in the Accommodation subdivision such as hotels and motels, which have struggled with fluctuating levels of domestic travel, a high Australian dollar over much of the period and global economic uncertainty. The industry's strong growth is due to the generally low prices charged by providers, and serviced apartments' greater offerings of in-room facilities and privacy compared with other accommodation. These factors make serviced apartments more attractive to guests. As a result, in the five years through 2015-16, industry revenue is expected to increase by an annualised 5.8% to $3.0 billion, with 5.6% growth anticipated in the current year... purchase to read more

Industry Report - Industry Locations Chapter

The spread of serviced apartment operators has generally followed Australia's population distribution and tourism patterns. As a result, serviced apartments are largely concentrated in business hubs and holiday destinations which consequently houses a high concentration of population. New South Wales, Victoria and Queensland are Australia's busiest business locations and have the highest concentrations of serviced apartments, collectively accounting for more than 75% of establishment locations.

Queensland has a substantial number of industry establishments due to its status as a major holiday destination, which attracts a higher number of leisure travellers... purchase to read more


Industry ProductsRelated ReportsTable of Contents

What is the Serviced Apartments Industry?

The Serviced Apartments industry comprises establishments that operate self-contained apartments for short-term (one to six nights), medium-term (seven nights to one month) and long-term (longer than one month) stays. Serviced apartments contain a kitchen or kitchenette and usually have separate lounge or dining facilities. Serviced apartments are generally cheaper than equivalent hotel rooms due to fewer complex facilities and fewer daily services provided.

Industry Products
Food and beverageOther star-rated accommodationFour-star accommodation
Industry Activities
Operating self-contained apartments Operating serviced apartments

View Sample
Select Clients