Summary

Canada Serviced Apartment Market Trends The Canada serviced apartment market size was estimated at USD 2.76 billion in 2024 and is projected to reach USD 9.52 billion by 2033, growing at a CAGR of 15.6% from 2025 to 2033. In Canada, demand for serviced apartments is fueled by the need for flexible long-stay options among business travelers, expatriates, and relocating families, alongside the rise of remote work and digital nomads seeking home-like spaces with productivity features. Rapid urbanization and housing shortages further reinforce this trend, making serviced apartments an attractive alternative to traditional rentals. A growing trend in the Canada serviced apartment industry is the integration of hybrid workspaces, where properties either include dedicated co-working areas or collaborate with external workspace providers. This caters to remote workers, digital nomads, and business travelers who require professional environments within or near their accommodation, combining the comfort of extended stays with the functionality of modern offices. Serviced apartment operators increasingly prioritize personalized guest experiences by offering tailored welcome packages, customized service plans, and loyalty programs. These efforts aim to build stronger connections with guests, enhance satisfaction, and encourage repeat stays by making each visit feel unique and thoughtfully designed around individual preferences. Sustainability has become a key focus in the serviced apartment industry, with operators adopting eco-friendly practices such as using energy-efficient appliances, installing smart energy systems, and incorporating sustainable building materials. These initiatives reduce environmental impact and appeal to a growing segment of environmentally conscious travelers who prefer accommodations that align with their values, enhancing brand image and guest loyalty. Canada 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 this study, Grand View Research has segmented the Canada serviced apartment market report 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

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Table of Contents

Table of Contents

Chapter 1. Methodology and Scope
1.1. Market Segmentation & Scope
1.2. Market Definition
1.3. Information Procurement
1.3.1. Purchased Database
1.3.2. GVR’s Internal Database
1.3.3. Secondary Types & Third-Party Perspectives
1.3.4. Primary Research
1.4. Information Analysis
1.4.1. Data Analysis Models
1.5. Market Formulation & Data Visualization
1.6. Data Validation & Publishing
Chapter 2. Executive Summary
2.1. Market Snapshot
2.2. Type Outlook
2.3. End Use Outlook
2.4. Booking Mode Outlook
2.5. Competitive Landscape Snapshot
Chapter 3. Canada Serviced Apartment Market Variables and Trends
3.1. Market Introduction
3.2. Penetration & Growth Prospect Mapping
3.3. Market Dynamics
3.3.1. Market Driver Analysis
3.3.2. Market Restraint Analysis
3.3.3. Market Opportunities
3.3.4. Market Challenges
3.4. Industry Analysis Tools
3.4.1. Porter’s Five Forces Analysis
3.5. Market Entry Strategies
Chapter 4. Canada Serviced Apartment Market: Type Estimates & Trend Analysis
4.1. Canada Serviced Apartment Market, By Type: Key Takeaways
4.2. Type Movement Analysis & Market Share, 2024 & 2033
4.3. Market Estimates & Forecasts, By Type, 2021 - 2033 (USD Billion)
4.3.1. Long-Term
4.3.1.1. Market estimates and forecast, 2021 - 2033 (USD Billion)
4.3.2. Short Term
4.3.2.1. Market estimates and forecast, 2021 - 2033 (USD Billion)
Chapter 5. Canada Serviced Apartment Market: End Use Estimates & Trend Analysis
5.1. Canada Serviced Apartment Market, By End Use: Key Takeaways
5.2. End Use Movement Analysis & Market Share, 2024 & 2033
5.3. Market Estimates & Forecasts, By End Use, 2021 - 2033 (USD Billion)
5.3.1. Corporate/ Business Traveler
5.3.1.1. Market estimates and forecast, 2021 - 2033 (USD Billion)
5.3.2. Leisure Travelers
5.3.2.1. Market estimates and forecast, 2021 - 2033 (USD Billion)
5.3.3. Expats and Relocators
5.3.3.1. Market estimates and forecast, 2021 - 2033 (USD Billion)
Chapter 6. Canada Serviced Apartment Market: Booking Mode Estimates & Trend Analysis
6.1. Canada Serviced Apartment Market, By Booking Mode: Key Takeaways
6.2. Booking Mode Movement Analysis & Market Share, 2024 & 2033
6.3. Market Estimates & Forecasts, By Booking Mode, 2021 - 2033 (USD Billion)
6.3.1. Direct Booking
6.3.1.1. Market estimates and forecast, 2021 - 2033 (USD Billion)
6.3.2. Online Travel Agencies
6.3.2.1. Market estimates and forecast, 2021 - 2033 (USD Billion)
6.3.3. Corporate Contracts
6.3.3.1. Market estimates and forecast, 2021 - 2033 (USD Billion)
Chapter 7. Canada Serviced Apartment Market: Competitive Analysis
7.1. Recent Developments & Impact Analysis by Key Market Participants
7.2. Company Categorization
7.3. Participant’s Overview
7.4. Financial performance
7.5. Product Benchmarking
7.6. Company Market Share Analysis, 2024 (%)
7.7. Company Heat Map Analysis, 2024
7.8. Strategy Mapping
7.9. Company Profiles
7.9.1. Premiere Suites
7.9.1.1. Company Overview
7.9.1.2. Financial performance
7.9.1.3. Service Portfolios
7.9.1.4. Strategic Initiatives
7.9.2. Corporate Stays
7.9.2.1. Company Overview
7.9.2.2. Financial performance
7.9.2.3. Service Portfolios
7.9.2.4. Strategic Initiatives
7.9.3. Sonder Holdings Inc
7.9.3.1. Company Overview
7.9.3.2. Financial performance
7.9.3.3. Service Portfolios
7.9.3.4. Strategic Initiatives
7.9.4. DelSuites Inc.
7.9.4.1. Company Overview
7.9.4.2. Financial performance
7.9.4.3. Service Portfolios
7.9.4.4. Strategic Initiatives
7.9.5. Today Living Group
7.9.5.1. Company Overview
7.9.5.2. Financial performance
7.9.5.3. Service Portfolios
7.9.5.4. Strategic Initiatives
7.9.6. Situ accommodation
7.9.6.1. Company Overview
7.9.6.2. Financial performance
7.9.6.3. Service Portfolios
7.9.6.4. Strategic Initiatives
7.9.7. National Corporate Housing
7.9.7.1. Company Overview
7.9.7.2. Financial performance
7.9.7.3. Service Portfolios
7.9.7.4. Strategic Initiatives
7.9.8. Blueground
7.9.8.1. Company Overview
7.9.8.2. Financial performance
7.9.8.3. Service Portfolios
7.9.8.4. Strategic Initiatives
7.9.9. The Apartment Network
7.9.9.1. Company Overview
7.9.9.2. Financial performance
7.9.9.3. Service Portfolios
7.9.9.4. Strategic Initiatives
7.9.10. Toronto Boutique Apartments (TBA)
7.9.10.1. Company Overview
7.9.10.2. Financial performance
7.9.10.3. Service Portfolios
7.9.10.4. Strategic Initiatives