Definition
This industry relates to self-contained apartments available for short term residents/guests (i.e. tourists, business/corporate travellers). Serviced apartments are establishments which mostly comprise self-contained units at the same location and which are available on a unit/apartment basis to the general public for a minimum of one night. The units all have full cooking facilities (i.e. hot plates and oven/microwave), refrigerator and a bath/shower and other facilities, all bed linen and towels are supplied and daily servicing (cleaning and bed making) is available through the on-site management, but these services may not necessarily be used. Many serviced apartments have a swimming pool for guests, but many do not provide on-site restaurant or general dining facilities.

IBISWorld research reports contain trend analysis, statistics, market size information, industry growth rates as well as market share of competitors.

Major market segments are identified and also those forces affecting demand and supply within the industry. Performance analysis includes emerging industry trends as well as recent results and performance of each key company. Drawing on the depth of information IBISWorld also provides 5 year forecasts for each industry.

Each comprehensive study also examines details such as the barriers to entry, operating cost structure, technology & systems and domestic & international markets. Tables and statistics include: Industry revenue, exports, imports, wages and number of companies in the industry, Industry growth and geographic regional data.

Each comprehensive study also examines details such as the barriers to entry, operating cost structure (including averages), technology & systems and domestic & international markets. Tables and statistics include: Industry revenue, exports, imports, wages and number of companies in the industry, Industry growth and geographic location.