The
students’ and workers’ accommodation market comprises of businesses that
provide long term accommodation for residents in these categories. It includes
housing provided by organizations for long-term housing of their employees. The
accommodation may serve as a principal residence for the residents for the
period of occupancy.
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The
global students’ and workers’ accommodation market is valued at almost $18
billion in 2017 due to the rise in global mobility for work. An increasing
trend of employers hiring workers from other countries is driving the workers’
accommodation market. Asia Pacific was the largest region in the students and
workers’ accommodation market in 2017, accounting for almost two-fifth of the
market share.
The
USA was the largest country in the students’ and workers’ accommodation market
in 2017, accounting for almost one-fifth of the market. This was the result of
rise in international students in the country. The USA was followed by India
and China.
Centurion
Corporation was the largest company in the students’ and workers’ accommodation
market in 2017, followed by American Campus Communities and Education Realty
Trust, Inc. Centurion Corporation is headquartered in Singapore. The company is
focusing on developing customized accommodation management services, enhance
and manage its assets and identify strategic acquisitions and joint ventures.
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