The students’ and workers’ accommodation market comprises 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.
The global students’ and workers’ accommodation market has shown high growth in the past years with a CAGR of just over 8%. The year 2017 recorded highest ever market value in this industry as per TBRC’s inhouse consultants.
TBRC’s latest report show the historic and future trends in the market for each year with sourced reasons to support the growth claims.
The report also shows the students’ and workers’ accommodation market to grow at a higher CAGR by 2021 as compared to 2017, along with geographies best suited for investments with highest return rate.
The growing number of international students seeking high quality education abroad is likely to drive the students’ accommodation market during the forecast period. Student enrolment in higher education in 2014 stood at 164 million globally, and is set to increase by a further 32 million over the next ten years.
By 2021, the number of internationally mobile students are forecast to rise to around 4 million from just 3 million in 2011. China is the biggest market for internationally mobile higher education students, with around 975,000 Chinese studying in the USA in 2015. Thus, growing demand from international students seeking student housing has fueled growth in the student accommodation market.
TBRC’s latest report will cover in depth understanding and calculated impacts of each market factor on a global as well as regional level, to analyze the best investment strategy for this market.
Companies included in the report are Centurion Corporation, American Campus Communities, Education Realty Trust, Unite Group PLC, and Campus Crest Communities.
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