Standing apart: Operators have benefited from differentiating their apartments from hotels

IBISWorld’s Serviced Apartments market research report is a comprehensive guide to market size and growth prospects. Our industry reports offer strategic industry analysis of the factors influencing companies, including new product developments, economic, lifestyle and demographic influences, distribution and supply chain factors and pricing issues. Full analysis accompanies our data forecasts to illustrate how the market responds to emerging industry trends.


Industry Analysis & Industry Trends

The Serviced Apartments industry has grown strongly over the past five years. Growing domestic, inbound and business tourism have driven revenue increases over this period. The depreciation of the Australian dollar since 2013-14 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 accommodation sector as a whole, including serviced apartments. This has supported industry growth over this period. Rising total business profit and increased business optimism regarding finances, as indicated by positive business confidence since 2013-14, has been reflected in increased demand from domestic business travellers over the past five years, which also supported industry growth...

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Industry Report - Starting a New Business Chapter

The Serviced Apartments industry is characterised by moderate barriers to entry, and this is expected to have remained relatively steady over the past five years. Barriers to entry for the industry are largely dictated by the planned operating structure of potential entrants. Serviced apartments have become increasingly popular as investment properties over the past decade as individual investors seek to gain a steady income stream from properties. A management company, hired to run the property, will usually offer a rental guarantee for a set number of years at a set percentage of the investor's purchase price. Aus..

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Industry Products

What is the Serviced Apartments Industry?

The 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 as they have fewer complex facilities and fewer daily services provided.

Industry Products
Food and beverage
Other products and services
Other star-rated accommodation
Four-star accommodation
Industry Activities
Operating self-contained apartments
Operating serviced apartments

Table of Contents

About this Industry

Industry Definition
Main Activities
Similar Industries
Additional Resources

Industry at a Glance

Industry Performance

Executive Summary
Key External Drivers
Current Performance
Industry Outlook
Industry Life Cycle

Products & Markets

Supply Chain
Products & Services
Demand Determinants
Major Markets
International Trade
Business Locations

Competitive Landscape

Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Basis of Competition
Barriers to Entry
industry Globalisation

Major Companies

Operating Conditions

Capital Intensity
Technology & Systems
Revenue Volatility
Regulation & Policy
Industry Assistance

Key Statistics

Industry Data
Annual Change
Key Ratios

Jargon & Glossary

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