Asia-Pacific Student Accommodation Market Size
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2020 - 2022 |
| CAGR | 5.10 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Asia-Pacific Student Accommodation Market Analysis
The Asia-Pacific student accommodation market has generated revenue of USD 3.7 billion in the current year and is poised to register a CAGR of 5.1% for the forecast period.
Students' mobility was temporarily affected by travel restrictions during the pandemic, with some international students unable to move back into their university accommodation and others stranded overseas transitioning to online learning. Uncertainty remains over travel restrictions, especially from China, which has the highest number of students in higher education institutions, especially in Australia and Japan. Still, there have been encouraging signs in recent months, with borders reopening and students returning to in-person learning. The post-COVID-19 environment had a positive effect on a variety of factors, including the lifting of flight and travel restrictions, the lifting of quarantine measures, the reopening of restaurants, the commencement of indoor and outdoor events, and the resumption of the overall halt. As a result, the market has experienced a post-COVID-19 boom.
The Asia-Pacific region has been experiencing a steady increase in international and domestic student enrollment, driving the demand for student accommodation. Major cities with renowned universities have been hotspots for this trend. Student accommodation options in the region vary widely, from traditional dormitories to purpose-built student housing (PBSA), private apartments, and homestays. PBSA has been gaining popularity due to its amenities and services tailored to students.
The student housing sector in Asia Pacific has attracted significant investment from both domestic and international investors. This has led to the development of modern and sophisticated student housing complexes.
Asia-Pacific Student Accommodation Market Trends
Urbanization helping to grow the Market
Rapid urbanization has led to the development of universities and colleges in urban areas, increasing the need for student housing in city centers. Students are increasingly looking for accommodations that offer a higher quality of life, including modern facilities, security, and amenities such as gyms, communal spaces, and study areas. Investment Opportunities: The potential for stable rental income and high occupancy rates has attracted significant investment in the student accommodation sector from institutional investors and real estate developers.
Higher Education Enrolment Booming the Market
An increase in the number of students pursuing higher education drives demand for student accommodation. Both domestic and international student enrollments impact the market.
International Education: Many students travel abroad for their education, creating a strong demand for purpose-built student accommodation (PBSA) and other housing options near universities and colleges. As tuition fees rise, students are more inclined to share accommodation costs by living in group housing or PBSA, making it a cost-effective option.
Asia-Pacific Student Accommodation Industry Overview
The report covers major players operating in the Asia-Pacific student accommodation market. In terms of market share, few major players currently dominate the market. However, with technological advancements and innovations, mid-size to smaller companies are increasing their market presence by securing new contracts and tapping into new markets. Some major players are Mapletree Investments, STUHO, Nest Student Housing, Prime Student Living, My Student Villa, etc.
Asia-Pacific Student Accommodation Market Leaders
Mapletree Investments
STUHO
Nest Student Housing
Prime Student Living
My Student Villa
*Disclaimer: Major Players sorted in no particular order
Asia-Pacific Student Accommodation Market News
- July 2023: Saran Singh Sound and Sehej Singh launched Scube Premium Student Housing distinguishes itself from the competition by providing student-specific luxury housing options that provide a stimulating and comfortable environment conducive to academic achievement and personal development while maintaining a familial atmosphere. The startup brings together the best elements of dorm life with a hint of Indian home comforts and hospitality through the provision of 24-hour onsite assistance.
- June 2023: University Living, a premier global student accommodation platform, unveiled StudentAccommodationGupt.ai, an AI-driven tool designed to assist students in locating accommodation that best meets their needs. The newly launched tool is designed to reduce the hassle of accommodation hunting by matching students' desired living quarters in a matter of minutes, providing them with a vast selection of available accommodations.
Table of Contents
1. INTRODUCTION
1.1 Study Assumptions and Market Definition
1.2 Scope of the study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET INSIGHTS AND DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.2.1 Universities Offering On-Campus Student Housing
4.2.2 Rising Demand for High Quality Accomodations
4.3 Market Restraints
4.3.1 Demand and Supply Imbalance
4.3.2 Rising universities fees
4.4 Industry Attractiveness - Porter's Five Forces Analysis
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of New Entrants
4.4.4 Threat of Substitutes
4.4.5 Intensity of Competitive Rivalry
4.5 Insights on Current Trends and Innovations in the Market
4.6 Impact of COVID-19 on the Market
5. MARKET SEGMENTATION
5.1 By Type
5.1.1 PG
5.1.2 Home-stays
5.1.3 Student Apartments
5.1.4 On-Campus hosuing
5.1.5 Off-Campus Housing
5.1.6 Dormitory
5.1.7 Other Types
5.2 By Service Type
5.2.1 Wi-Fi
5.2.2 Laundry
5.2.3 Utilities
5.2.4 Dishwasher
5.2.5 Parking
5.3 By Application
5.3.1 Graduates
5.3.2 Sophomore
5.3.3 Post-Graduates
5.3.4 Other Applications
5.4 By Geography
5.4.1 India
5.4.2 Japan
5.4.3 China
5.4.4 South Korea
5.4.5 Rest of Asia-Pacific
6. COMPETITIVE LANDSCAPE
6.1 Market Concentration Overview
6.2 Company Profiles
6.2.1 Mapletree Investments
6.2.2 STUHO
6.2.3 Nest Student Housing
6.2.4 Prime Student Living
6.2.5 My Student Villa
6.2.6 Frasers Hospitality
6.2.7 The Student Housing Company Asia
6.2.8 Crown Student Living
6.2.9 Uninest Student Residences*
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
8. DISCLAIMER AND ABOUT US
Asia-Pacific Student Accommodation Industry Segmentation
Student accommodation is a type of residential accommodation that provides a safe and professionally managed environment for students who are enrolled at an educational institution. It includes communal areas such as lounge/dining rooms, kitchens, and bathrooms that are serviced and maintained on a daily/weekly basis and are suitable for both academic pursuits and personal well-being.
The Asia-Pacific student accommodation market is segmented by type (PG, home-stays, student apartments, on-campus housing, off-campus housing, dormitories, etc.), by service type (Wi-Fi, laundry, utilities, dishwashers, parking), by application (graduates, sophomores, post-graduates, other service types), and by geography (India, China, Japan, South Korea, and the Rest of Asia-Pacific).
The report offers market sizes and forecasts for the Asia-Pacific student accommodation market in USD for all the above segments.
| By Type | |
| PG | |
| Home-stays | |
| Student Apartments | |
| On-Campus hosuing | |
| Off-Campus Housing | |
| Dormitory | |
| Other Types |
| By Service Type | |
| Wi-Fi | |
| Laundry | |
| Utilities | |
| Dishwasher | |
| Parking |
| By Application | |
| Graduates | |
| Sophomore | |
| Post-Graduates | |
| Other Applications |
| By Geography | |
| India | |
| Japan | |
| China | |
| South Korea | |
| Rest of Asia-Pacific |
Frequently Asked Questions
What is the current Asia-Pacific Student Accommodation Market size?
The Asia-Pacific Student Accommodation Market is projected to register a CAGR of 5.10% during the forecast period (2024-2029)
Who are the key players in Asia-Pacific Student Accommodation Market?
Mapletree Investments, STUHO, Nest Student Housing, Prime Student Living and My Student Villa are the major companies operating in the Asia-Pacific Student Accommodation Market.
What years does this Asia-Pacific Student Accommodation Market cover?
The report covers the Asia-Pacific Student Accommodation Market historical market size for years: 2020, 2021, 2022 and 2023. The report also forecasts the Asia-Pacific Student Accommodation Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Asia-Pacific Student Accommodation Industry Report
Statistics for the 2024 Asia-Pacific Student Accommodation market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Asia-Pacific Student Accommodation analysis includes a market forecast outlook to for 2024 to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
