Serviced Apartments in Australia - Market Research Report

Serviced Apartments industry trends (2014-2019)

poll Average industry growth 2014–2019: 3.7%

Operators in the Serviced Apartments industry have benefited from increased tourism activity in Australia over the past five years. The depreciation of the Australian dollar over the period has made it substantially cheaper to travel in Australia, boosting tourism in the country. Growing tourism activity over the past five years has increased demand for the overall accommodation sector and supported industry growth. A rise in total business profit and positive business confidence have also supported industry growth by boosting the number of business tourist visitor nights. Industry revenue is expected to grow at an annualised 2.6% over the five years through 2019-20, to reach $4.6 billion. This increase includes anticipated growth of 1.1% in the curr...
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Serviced Apartments industry outlook (2019-2024)

poll Average industry growth 2019-2024: x.xlockPurchase this report or a membership to unlock the average company profit margin for this industry.

The Serviced Apartments industry is expected to expand further over the next five years. The value of the Australian dollar is projected to remain relatively weak over the period, which is anticipated to continue encouraging tourism activity in Australia. The number of domestic and international tourist visitor nights is projected to rise over the next five years, boosting demand for the industry's services. The number of business tourist nights is also anticipated to increase over the period, due to forecast positive business confidence and a projected rise in total business profit. Increased domestic, inbound and business tourism activity is likely to support industry growth over the next five years. However, a projected increase in the number of...
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Serviced Apartments industry statistics

  • attach_money Market Size: $5bn
  • business Number of Businesses: 1,180
  • poll Average Industry Profit Margin: x.x%
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  • supervisor_account Industry Employment: 18,032

Biggest companies in the Serviced Apartments industry

The companies holding the largest market share in the Serviced Apartments in Australia industry include AAPC Limited and QSA Group Pty Ltd.

  • pie_chart AAPC Limited Market Share: x.x%
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  • pie_chart QSA Group Pty Ltd Market Share: x.x%
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What is Serviced Apartments industry?

Industry Definition

The industry comprises establishments that operate serviced apartments for short-term or long-term accommodation. Serviced apartments contain a kitchen or kitchenette and usually have separate lounge or dining facilities. Serviced apartments are generally cheaper than equivalent hotel rooms as they have fewer complex facilities and provide fewer daily services.

Industry Products and Services

  • Food and beverages
  • Other products and services
  • Upscale and upper midscale accommodation
  • Luxury and upper upscale accommodation
  • Midscale and economy accommodation

Industry Activities

  • Operating serviced apartments

Market research report - table of contents

Industry Definition

The industry comprises establishments that operate serviced apartments for short-term or long-term accommodation. Serviced apartments contain a kitchen or kitchenette and usually have separate lounge or dining facilities. Serviced apartments are generally cheaper than equivalent hotel rooms as they have fewer complex facilities and provide fewer daily services.

Main Activities

  • Operating serviced apartments

Similar Industries

Additional Resources

Industry Statistics Snapshot

Industry Structure

Executive Summary

Key External Drivers

Domestic leisure travellers represent the industry's largest market. Trends in domestic tourist visitor nights therefore significantly influence industry ...
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Domestic tourist visitor nights
Business tourist visitor nights
Demand from hotels and resorts
International tourist visitor nights

Current Performance

Changing travel patterns
Substitute accommodation
 Chart: Revenue Growth

Industry Outlook

Supply and competition
 Table: Serviced Apartments in Australia - Market Research Report Industry Revenue Outlook

Industry Life Cycle

Life Cycle Reasons
 Chart: Benchmarking - Serviced Apartments in Australia - Market Research Report Industry Lifecycle vs The Economy

Supply Chain

Key Buying Industries

Travel Agency and Tour Arrangement Services in Australia
Consumers in Australia
International Consumers




Key Selling Industries

Construction in Australia
Textile Product Wholesaling in Australia
Furniture and Floor Covering Wholesaling in Australia




Products & Services

Operators in the Serviced Apartments industry primarily derive revenue from providing accommodation. Serviced apartments can be segmented by quality grade...
Domestic business travellers
International visitors
Other visitors



Demand Determinants

The Serviced Apartments industry heavily depends on domestic and international travel patterns. The factors influencing these travel patterns include chan...
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Major Markets

Domestic business travellers
International visitors
Other visitors




 Chart: Major Market Segmentation for the Serviced Apartments in Australia - Market Research Report Industry

International Trade

Business Locations

Chart: Business Locations by State Chart: Business Locations by State

Market Share Concentration

The Serviced Apartments industry exhibits low market share concentration, with the four largest operators accounting for less than 40% of industry revenue...
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Key Success Factors

Cost Structure Benchmarks

Profit, Purchases, Wages, Other Costs
 Chart: Cost Structure Benchmarking – Sector vs Serviced Apartments in Australia - Market Research Report

Basis of Competition

Internal competition
External competition

Barriers to Entry

 Table: Barriers to Entry Checklist for the Serviced Apartments in Australia - Market Research Report Industry

Industry Globalization

AAPC Limited, trading as Accor Asia Pacific, is the Australian subsidiary of French company Accor SA. Accor Asia Pacific is one of the world's largest acc...
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Accor Asia Pacific

 Table: Accor Asia Pacific - financial performance

Quest Apartment Hotels

 Table: Quest Apartment Hotels - financial performance

Capital Intensity

The Serviced Apartments industry is moderately capital intensive. For every dollar spent on capital, an estimated $3.94 is spent on wages. The industry re...
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 Chart: Level of Capital Intensity for the Serviced Apartments in Australia - Market Research Report Industry
 Chart: Tools of the Trade: Growth Strategies for Success

Technology & Systems

Revenue Volatility

Chart: Volatility vs Industry Growth Chart: Volatility vs Industry Growth

Regulation & Policy

Industry Assistance

Table: Industry data Table: Industry Data for the Serviced Apartments in Australia Industry

Industry Revenue (2007-2026)
Industry Gross Product (2007-2026)
Establishments (2007-2026)
Businesses (2007-2026)
Employment (2007-2026)
Exports (2007-2026)
Imports (2007-2026)
Wages (2007-2026)
Domestic Demand (2007-2026)

Table: Annual Percentage Change for Key Industry Data Table: Annual Percentage Change for Key Industry Data

Table: Key Ratios for Industry Key Dat Table: Key Ratios for Industry Key Data

Table: Industry Financial Ratios Table: Industry Financial Ratios

Liquidity Ratios
Coverage Ratios
Leverage Ratios
Operating Ratios
Cash Flow & Debt Service Ratios (% of Sales)
Assets, %
Liabilities, %

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Included in Report

  • Industry Financial Ratios
    Industry Financial Ratios
  • Revenue Forecasts
    Revenue Forecasts
  • Historical and Forecast Growth
    Historical and Forecast Growth
  • Industry Market Size
    Industry Market Size
  • Industry Major Players
    Industry Major Players
  • Profitability Analysis
    Profitability Analysis
  • SWOT Analysis
    SWOT Analysis
  • Industry Trends
    Industry Trends
  • Industry Operating Conditions
    Industry Operating Conditions
  • Porter's 5 Forces Analysis
    Porter's 5 Forces Analysis

Why buy this report on the Serviced Apartments industry?

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This report on Serviced Apartments in Australia:

  • Provides Market Size information to assist with planning and strategic decisions.
  • Includes the necessary information to perform SWOT, PEST and STEER analysis.
  • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
  • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.

The Serviced Apartments in Australia market research report includes:

  • Historical data and analysis for the key drivers of this industry
  • A five-year forecast of the market and noted trends
  • Detailed research and segmentation for the main products and markets
  • An assessment of the competitive landscape and market shares for major companies
  • And of course, much more

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