Serviced accommodation

Serviced accommodation refers to fully furnished properties that are available for short- to medium-term rental periods, typically ranging from a few nights to several months. These properties provide residential-like amenities and services, such as utilities, housekeeping, and internet access, often aimed at individuals or groups who require temporary lodging, often for business or relocation reasons.

According to industry reports, the global serviced apartment market has been experiencing steady growth, driven by increased demand from business travelers, expatriates, and medical tourists. In India, the serviced accommodation sector is projected to grow at over 8% annually between 2023 and 2028, supported by rising corporate relocations and the medical tourism industry. Metropolitan cities such as Chennai, Bengaluru, and Hyderabad are among the top destinations where serviced apartments are increasingly preferred over hotels for long-term stays, due to affordability and access to home-like amenities.

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