UK Serviced Apartment Market Size, Share & Trends Analysis Report By Type (Long-Term, Short-Term), By End Use (Corporate/Business Traveler, Leisure Traveler), By Booking Mode, And Segment Forecasts, 2025 - 2033

Market Size & Trends

The UK serviced apartment market size was estimated at USD 4.18 billion in 2024 and is projected to reach USD 8.82 billion by 2033, growing at a CAGR of 8.8% from 2025 to 2033. The market is experiencing robust growth, driven by evolving business needs, shifting travel behaviors, and a growing demand for flexible, home-like accommodations. As corporate travel rebounds and work patterns diversify, serviced apartments have become preferred for domestic and international travelers seeking longer stays without sacrificing comfort or convenience. Urban centers such as London, Manchester, Birmingham, and Edinburgh are leading this expansion, supported by infrastructure development and a surge in digital connectivity.

One of the key demand drivers is the rise in project-based corporate travel and international assignments. UK-based companies across sectors, from tech to finance and consulting, frequently relocate employees or host them for extended periods. Serviced apartments provide a practical solution, offering greater living space, fully equipped kitchens, and privacy that traditional hotels often lack. For instance, Ascott Limited expanded its Citadines brand in London with Citadines Islington, which is strategically positioned to serve corporate clients working in the city and nearby tech hubs. Similarly, STAY Camden continues attracting long-stay professionals and executives with its sleek, modern interiors and co-working amenities in a connected residential location.

Digital nomadism is also gaining momentum across the UK, particularly in cities with strong co-working ecosystems. Flexible remote work policies have allowed professionals to base themselves in cultural and business hotspots like Bristol or Edinburgh, where serviced apartments provide the infrastructure to balance work and leisure. Native Places and SACO (The Serviced Apartment Company) have adapted to this trend by offering hybrid accommodation models, blending boutique-style design with work-ready features like high-speed Wi-Fi, quiet zones, and ergonomic furniture.

Tourism has added momentum, with international and domestic travelers increasingly choosing serviced apartments over conventional hotels. Families, in particular, are drawn to the space, affordability, and cooking facilities, especially during school holidays and city breaks. The demand for more personalized, immersive stays is being met by providers like Roomzzz Aparthotels, which recently opened a new property in York. Roomzzz Aparthotels offers suites with fully fitted kitchens, smart TVs, and 24/7 concierge services tailored to tourists seeking local experiences.

The post-pandemic emphasis on health, hygiene, and autonomy has also influenced consumer preferences. Many guests prioritize self-contained units with minimal contact options. Responding to this, brands like Supercity Aparthotels have introduced enhanced digital features, including app-based check-ins and smart room controls, alongside eco-conscious touches such as energy-saving appliances and sustainable toiletries.

UK Serviced Apartment Market Report Segmentation

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

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

Please note The report will be delivered in 4-8 business days upon order notification. Show more