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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