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Serviced Apartments in Australia: Market Research Report

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

Serviced Apartments Market Research Report | ANZSIC H4404 | Jul 2016

Just like home: Demand has risen as business travellers have sought home-style amenities

The Serviced Apartments market research report provides key industry analysis and industry statistics, measures market size, analyzes current and future industry trends and shows market share for the industry’s largest companies. IBISWorld publishes the largest collection of industry reports so you can see an industry’s supply chain, economic drivers and key buyers and markets.

Report Snapshot
Market Share of Companies
Industry Statistics & Market Size
Annual Growth 12-17
Annual Growth 17-22
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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 the early part 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 compared with other accommodation options. These factors make serviced apartments attractive to many guests. As a result, industry revenue is expected to increase by an annualised 6.0% over the five years through 2016-17, to $3.2 billion. This includes forecast 4.0%... 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 (more 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

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