2024 Recap: Blueground Expands Globally & Flagship Product TBA in 2025
New Markets, New Partners, 20K Homes
In 2024, we surpassed 20,000 homes across 46+ cities, providing more locations and more high-quality choices around the world. Beyond the core units we operate directly, we leveraged our technology and established franchising agreements with distinguished operators to introduce Blueground to 10 global metros—Tokyo, Bangkok, Cairo, Prague, Munich, Riyadh, and more— with a plan to add more than 22,000 franchise units in the future just in these franchise markets.
Our Partner Network also reached 7,000 units in 2024, showcasing the properties of the best furnished rental operators. Their premium homes are now part of Blueground’s offering, ready to be booked for business or leisure.
We also launched Blueground On-Demand, enabling guests to secure fully-furnished homes in virtually any U.S. city, including traditionally underserved regions. Our goal is to expand this service to more than 1,000 cities, delivering furnished rentals on-demand—anywhere!
Peeking Into 2025: 50K+ High-Quality Homes
We’re targeting 50,000+ homes worldwide. This growth will come from our own inventory, franchisees, and partners, carefully vetted to ensure quality. Our goal: a consistent, trusted experience in every major city.
A Game-Changing Living Product Coming in 2025
Having personally stayed in Blueground apartments for over eight years, I’ve often wondered why furnished rentals aren’t more common for longer stays. My experiences have shaped our mission to redefine long-term renting and enable new ways of living. Without the constraints of multi-year leases and furniture ownership, people can be more mobile, flexible and experience more of the world. Our research shows that flexible renters—up to 10% of the market—are ready for a long-term furnished living solution.
This is not something new, already more than half our revenue comes from 6+ month stays. However, we know there’s untapped demand that loves our product but wants a lower priced alternative. In 2025, we’ll introduce a furnished living product at just $250/month above unfurnished rent. Here’s what makes it a pioneering product:
Cost plus ($250/ month) and fully transparent pricing: All landlord contracts and bills shared with our renters.
Flexibility: Switch homes or “freeze” contracts as plans change.
All-inclusive convenience: Fully equipped homes, professional cleaning, and seamless move-ins.
Added perks: Free weekend getaways and support for lifestyle needs like mail handling and storage.
If you’re interested, join the waiting list and be among the first to experience this new era of renting. Join our waitlist!
Thank you for being part of this journey. Here’s to a 2025 filled with more possibilities, more locations, and more ways to feel at home, anywhere in the world.
Managing Partner at WestCap
2dAlex / it has been amazing to watch you develop Blueground into a scaled, profitable market leader that is 50x bigger today that it was in 2019 when WestCap first met you and invested. As an inspiring, creative and disciplined leader you and the team have delivered a much needed segment to the long term rental market with beautifully designed, curated and serviced apartments in the best buildings and cities in the world. All while maintaining industry best customer satisfaction and promoter scores! You have succeeded where all others have failed by demonstrating operating excellence and innovation at the highest levels. The new product launches are an extension of Blueground’s market leadership and innovation, design and product edge. The market always wanted a high quality, best in class apartment rental experience without the burden of a one year lease and unfurnished and unserviced apartment - just no one else could deliver the product and operational excellence that requires. Can’t wait for the next chapter / you and the entire BlueGround team have been great partners to WestCap and the journey has just begin. Bravo! L.T.
Former owner at StraussPaper Company
3dCongrats
General Manager | Early Uber | Ex-CloudKitchens | Global Expansion
3dCongrats Alex! Always great to see what you're building at Blueground.
Growth at Airbnb, Head of Host Entrepreneurs
4dWhat a year, Alex and team! 👏🏻
Founder & CEO @ Lyght | furniture rental solutions for homes, offices & events
4dCongratulations on your success, Alex! An incredible growth story. 🎉👏