IBISWorld Platform
Answer any industry question in minutes with our entire database at your fingertips.
Serviced Apartments in the US Procurement Price, Data and Insights
Serviced apartments are fully furnished apartments that include amenities, at least one bedroom, living area, bathroom or ensuite facilities, and included parking. Providers operating in this market, which include large hospitality companies and small and midsize hospitality companies, offer long-term and short-term furnished accommodations to meet temporary housing needs. These facilities often come equipped with resources unavailable in other temporary residences, such as kitchens. Key buyers include domestic business travelers, domestic leisure travelers, international business travelers, and international leisure travelers.
Access this data your way
The Serviced Apartments Procurement Price, Data and Insights is available in multiple formats to fit seamlessly into your workflow.
API Data Delivery
Feed trusted, human-driven industry intelligence straight into your platform.
Integrations
Streamline your workflow with IBISWorld’s intelligence built into your toolkit.
What’s included in this market coverage
IBISWorld's research coverage on the Serviced Apartments procurement and pricing environment in the United States includes market dynamics, buyer power scores, supply chain vendors with pricing trends and forecasts.
About this Market
What’s this procurement report about?
This procurement coverage of the Serviced Apartments market in the United States includes Housekeeping, Laundry Services, Security Services, Maintenance and Repair Services and Front Desk Services. Standard coding in this coverage includes ISIC-551-Short term accommodation activities, NACE-55.10-Hotels And Similar Accommodation, NAICS-721110-Hotels (except Casino Hotels) and Motels and UNSPSC-90111900-Specialized accommodation services.
What common market terminology is included?
Common market terminology included in the Serviced Apartments procurement coverage includes Apartment Complex (The facility housing a serviced apartment.), Amenity (An extra service provided by a hotel or other residence.), Booking (A room reservation.) and Rack Rate (The published room rate.).
What companies are included as top suppliers?
The top companies covered in the Serviced Apartments procurement report as suppliers are Korman Communities Inc., Wyndham Hotels & Resorts, inc., G6 Hospitality LLC, Choice Hotels International, Inc. and Extended Stay America, Inc..
Opportunity Assessment
What’s included in the Opportunity Assessment chapter?
The Opportunity Assessment chapter provides a comprehensive market analysis of the Serviced Apartments market in the United States category, including buyer power scoring, market pricing trends, vendor landscape, cost structure, and strategic negotiation levers.
The market pricing trends include the Market Price (2026) per hour, a five year price forecast and a supply chain risk score. Vendor coverage includes a market share and cost structure breakdown.
Analysis includes a comprehensive SWOT analysis of and recent developments impacting the Serviced Apartments market environment.
Buyer Power Score
What’s included in the Buyer Power Score chapter?
The Buyer Power Score chapter assesses key components impacting Serviced Apartments procurement including the recent price trend, forecast price trend, availability of substitutes, switching costs, product specialization, average vendor risk, market share concentration, supply chain risk, price driver volatility and recent price volatility.
These components generate a Buyer Power Score that ranges from -5 (strongly favoring sellers) to +5 (strongly favoring buyers) plus a recommended strategy for procurement specialists.
Price Environment
What’s included in the Price Environment chapter?
The Price Environment chapter covers detailed pricing analysis and datasets on Serviced Apartments market environment. This includes insights into market pricing Market Price (2026), price forecasts, volatility, specialization, substitutes and switching costs.
Datasets in the Price Environment chapter include vendor cost structure, breakdowns of wage rates by geography and specialty, key external economic and labor drivers impacting the market and market pricing models.
Supply Chain & Vendors
What’s included in the Supply Chain & Vendors chapter?
The Supply Chain & Vendors chapter covers the concentration, risk and diversity of the Serviced Apartments market. This includes datasets on the market’s top suppliers, detailed analysis on the key sourcing risks and supply chain dynamics, with environmental, social and governance (ESG) considerations and scores.
Business Requirements
What’s included in the Business Requirements chapter?
The Business Requirements chapter covers vendor relationships, qualifications, service level agreements and key performance indicators. These inputs provide insight into the planning process through the buying lead time, vendor relationship and vendor qualifications. The sourcing process include key RFP elements like an organizational overview, project budget, selection criteria, project schedule, proposal format, inventory control, cost containment, regulation, quality control, distribution and key contract clauses.
Trusted by industry professionals
More than 6,000 businesses use IBISWorld to shape local and global economies
We were able to supplement our reports with IBISWorld’s information from both a qualitative and quantitative standpoint. All of our reporting now features some level of IBISWorld integration.
IBISWorld delivers the crisp business knowledge we need to drive our business. Whether it be serving up our major clients, winning new business or educating on industry issues, IBISWorld brings real value.
IBISWorld has revolutionised business information — which has proved commercially invaluable to exporters, investors and public policy professionals in Australia and overseas.
When you’re able to speak to clients and be knowledgeable about what they do and the state that they operate in, they’re going to trust you a lot more.
Frequently Asked Questions
What is the current market price for Serviced Apartments?
The 2026 benchmark market price for Serviced Apartments is $36.1 per hour. Prices have increased at a CAGR of 2.91 from 2023-26.
Who are the top vendors in the Serviced Apartments market?
The top vendors in the Serviced Apartments market include Korman Communities Inc., Wyndham Hotels & Resorts, inc., G6 Hospitality LLC, Choice Hotels International, Inc. and Extended Stay America, Inc..
What industries supply the Serviced Apartments market?
The top industries supplying the Serviced Apartments market are Commercial Real Estate in the US, Real Estate Sales & Brokerage in the US, Furniture Wholesaling in the US, Office Furniture Manufacturing in the US, Property Management in the US, Janitorial Services in the US and Landscaping Services in the US.
What is the supply chain risk for Serviced Apartments?
High market share concentration reduces buyer competition and negotiation leverage. The serviced apartments market is dominated by a small group of suppliers, with the top four firms holding more than 50.0% of market revenue. This high concentration limits competitive pricing pressure, making it more difficult for buyers to secure discounts or favorable terms. Buyers should respond by diversifying sourcing across smaller regional providers, benchmarking against hotel and short-term rental markets, and negotiating value-added services to offset limited pricing flexibility. This strategy helps counterbalance reduced leverage in a concentrated vendor landscape.
What factors affect the price of Serviced Apartments?
Aesthetic and design significantly affect the pricing of serviced apartments by enhancing perceived value and guest experience, with well-designed spaces commanding higher rates. Factors such as interior finishes, furniture quality, and overall ambiance are often measured through customer feedback, online reviews, and occupancy rates, with premium design elements justifying price differentials among competitors.
Cut through the noise with intelligence you can trust
