Savills Sees Branded Residences Hitting 2,000 Schemes
The global branded residence sector is projected to exceed 2,000 schemes across 100 countries by 2040, fueled by explosive growth in the Middle East and Africa. Branded units now command an average price premium of 38 percent globally, led by parent group Marriott.
Key Takeaways
- 1Global supply is set to grow 24% by end-2026, with pipeline surpassing 2,000 projects by 2040.
- 2Middle East & Africa leads expansion with supply forecast to jump 255% by 2040.
- 3Branded units command an average 38% price premium, climbing to 61% in new market locations.
Source: Boutique Hotel News
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