The global students’ and workers’
accommodation market, a part of the hospitality industry, grew at a compound
annual growth rate (CAGR) of around 8% during the historic period. The hospitality
industry showed a steady growth. The growth is mainly due to the rise in the
university and college enrolment rate and the tendency in many countries for
students to study away from the parental home are increasing the demand for
student accommodation worldwide.
In the forecast period, the global
students and workers accommodation market size is expected to be over $25
billion by 2021, growing at a CAGR of nearly 9%. This is expected due to the scholarships
and financial aid offered by governments, corporations and other organizations
is increasing college enrollment among low-income students, thereby driving the
student accommodation market. Scholarship programs are encouraging low income
students to enroll in colleges. Furthermore, rising population, increase in
dispensable income, and increasing per capita incomes are expected to drive the
global students’ and workers’ accommodation market in the future.
Find TBRC’s report on the students’ and workers’
accommodation market: https://www.thebusinessresearchcompany.com/report/students-and-workers-non-residential-accommodation-global-market-report-2018
Companies are beginning to look
for ways to provide sustainable housing to reduce their environmental
footprint. Energy and water efficiency are the top priorities of accommodation
owners due to their cost saving benefits as most student accommodation provides
energy and water to residents as part of the fixed rentals.
Major companies in the students’
and workers’ accommodation market, offering sustainable technology include American
Campus Communities, United Group PLC, Education Realty Trust, Campus Crest
Communities Inc., Centurion Corporation, The Scion Group.
Download a sample report: https://www.thebusinessresearchcompany.com/sample.aspx?id=288&type=smp
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