Insight
Business travelers made up roughly 53% of the US serviced apartment market in 2024.
Corporate housing offers higher monthly income and steadier occupancy than unfurnished leases or nightly rentals, attracting professional tenants. However, it requires significant upfront furnishing costs, higher vacancy risk, and careful navigation of insurance and regulations, with income topping out below peak vacation rental earnings.
Business travelers made up roughly 53% of the US serviced apartment market in 2024.