Brazil Serviced Apartment Market Size, Share & Trends Analysis Report By Type (Long-Term (>30 Nights), Short-Term (<30 Nights)), By End-use (Corporate/Business Traveler, Leisure Travelers), By Booking Mode, And Segment Forecasts, 2025 - 2033

Brazil Serviced Apartment Market Trends

The Brazil serviced apartment market size was estimated at USD 6.32 billion in 2024 and is expected to reach USD 16.73 billion by 2033, expanding at a CAGR of 11.8% from 2025 to 2033. The Brazil serviced apartment sector is experiencing rapid growth, driven by increasing recognition among both business and leisure travelers of the advantages these flexible accommodations provide. Economic recovery, tourism growth, and evolving consumer preferences are some of the factors expected to drive the growth of the Brazil serviced apartment industry during the forecast period.

The Brazil serviced apartment market benefits from its broad appeal, catering to a diverse customer base that includes corporate travelers, relocating professionals, students, vacationing families, and individuals requiring a supportive setup for remote work or online learning. This group also extends to modern “digital nomads” seeking flexibility and convenience. Such adaptability ensures steady demand, even during periods of market uncertainty, as demonstrated during the pandemic.

Mega-events, such as Carnival in Rio de Janeiro and São Paulo’s business fairs, continue to attract both leisure and corporate visitors. Serviced apartments provide a unique value proposition for these leisure and corporate travelers by combining hotel-like services with the comfort of private residences. In addition, lifestyle changes among younger generations, who prefer mobility and experience-driven stays over property ownership, further accelerate demand. The rise of digital booking channels, particularly direct platforms, enhances accessibility, further driving the growth of the Brazil serviced apartment industry.

Brazil has seen a gradual rebound in corporate travel following the pandemic, especially in key commercial hubs such as São Paulo, Rio de Janeiro, and Brasília. These cities host multinational corporations, government institutions, and international events, which generate sustained demand for flexible accommodation solutions. Business travelers and expatriates increasingly favor serviced apartments over traditional hotels because of their affordability, home-like amenities, and suitability for medium- to long-term stays. This shift reflects a growing emphasis on cost efficiency and convenience in corporate housing policies. This rebound in corporate travel drives the growth of the Brazil serviced apartment industry.

With increasingly globalized markets, improved air mobility, new technologies, and the demystification of remote work, the demand for serviced apartments will continue to grow, especially in large urban centers, which in turn will drive the growth of the Brazil serviced apartment market. With the wave of mergers and acquisitions that the large hotel chains have gone through in recent years, and the real need to differentiate and create new products and services, there has been a strong increase in long stay and apart hotel products in Brazil, as a loyalty and growth strategy for these hotel chains, providing a standardization of services and products offered.

Brazil Serviced Apartment Market Report Segmentation

This report forecasts revenue growth at the country level and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2021 to 2033. For the purpose of this study, Grand View Research has segmented the Brazil serviced apartment market report by type, end use, and booking mode:

• Type Outlook (Revenue, USD Million, 2021 - 2033)
• Long-Term (>30 Nights)
• Short-Term (<30 Nights)
• End Use Outlook (Revenue, USD Million, 2021 - 2033)
• Corporate/Business Traveler
• Leisure Travelers
• Expats & Relocators
• Booking Mode Outlook (Revenue, USD Million, 2021 - 2033)
• Direct Booking
• Online Travel Agencies
• Corporate Contracts

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