PUBLISHER: Grand View Research | PRODUCT CODE: 1814119
PUBLISHER: Grand View Research | PRODUCT CODE: 1814119
Germany Serviced Apartment Market Size, Share & Trends Analysis Report By Type, By End-use, By Booking Mode, And Segment Forecasts, 2025 - 2033
Germany Serviced Apartment Market Trends:
The Germany serviced apartment market size was estimated at USD 2.80 billion in 2024 and is projected to reach USD 5.14 billion by 2033, growing at a CAGR of 7.2% from 2025 to 2033. As global mobility resumes and hybrid work reshapes business travel, serviced apartments are gaining traction in major German cities such as Berlin, Frankfurt, Munich, and Hamburg, as well as rising secondary hubs like Leipzig, Dusseldorf, and Stuttgart. This shift is bolstered by Germany's strong infrastructure, cross-border connectivity, and investment in digital nomad-friendly policies.
A major growth lever in the German market is the sustained inflow of corporate travelers and project-based professionals, especially in sectors such as automotive, pharmaceuticals, IT, and consulting. Companies with regional and global operations frequently place employees in long-term assignments or rotational roles, creating consistent demand for serviced accommodation. Operators such as Adina Apartment Hotels and Brera Serviced Apartments are expanding their footprint in Frankfurt and Munich to cater to this clientele. Adina's Berlin Mitte property, for example, blends hotel services with apartment-style living, including kitchens, laundry facilities, and wellness amenities designed for extended work-related stays.
Germany is also witnessing a rise in flexible living among remote professionals, freelancers, and international workers. Cities with robust tech scenes, like Berlin and Cologne, have become hotspots for digital nomads seeking both community and autonomy. Providers such as LimeHome and SMARTments business have adapted to this trend by offering seamless check-ins, high-speed connectivity, workstations, and design-forward interiors. Their fully digital operating model and focus on mid- to long-term rentals appeal to remote-first professionals who value convenience without compromising lifestyle.
Leisure tourism and city breaks are further driving demand, especially from domestic travelers and intra-European visitors. The cultural depth and architectural heritage of cities like Dresden, Nuremberg, and Heidelberg are drawing tourists looking for immersive, multi-day stays. Serviced apartments are proving ideal for families and small groups seeking kitchen access, extra space, and affordability. Brands like Staycity and Numa are capturing this demand by offering well-located properties with flexible booking options, smart room technology, and curated local experiences.
Post-pandemic travel preferences are reshaping guest expectations, with an emphasis on cleanliness, autonomy, and hybrid hospitality. This has led to an uptick in properties offering contactless services, mobile key access, and integrated digital concierge platforms. Eco-consciousness is also becoming a priority: providers such as THE FLAG and ipartment have incorporated green building standards, waste-reduction initiatives, and energy-efficient appliances into their design and operations, aligning with the values of sustainability-minded guests.
With changing workforce mobility patterns, strong domestic tourism, and evolving traveler preferences, Germany's serviced apartment segment is primed for continued expansion. Operators are increasingly focused on experience design, operational flexibility, and scalability to serve a broadening customer base, from relocating professionals and business commuters to tech workers, weekend explorers, and lifestyle-conscious travelers. As investment continues to flow into this resilient hospitality sub-sector, Germany remains a key growth market for both regional and international serviced apartment brands.
Germany Serviced Apartment Market Report Segmentation
This report forecasts revenue growth at a country level and provides an analysis of the latest trends and opportunities in each of the sub-segments from 2021 to 2033. For this study, Grand View Research has segmented the Germany serviced apartment market report based on type, end-use, and booking mode.
- Type Outlook (Revenue, USD Billion, 2021 - 2033)
- Long-term (>30 Nights)
- Short-term (<30 Nights)
- End-use Outlook (Revenue, USD Billion, 2021 - 2033)
- Corporate/Business Traveler
- Leisure Travelers
- Expats and Relocators
- Booking Mode Outlook (Revenue, USD Billion, 2021 - 2033)
- Direct Booking
- Online Travel Agencies
- Corporate Contracts
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation & Scope
- 1.2. Market Definition
- 1.3. Information Procurement
- 1.3.1. Purchased Database
- 1.3.2. GVR's Internal Database
- 1.3.3. Secondary Sources & Third-Party Perspectives
- 1.3.4. Primary Research
- 1.4. Information Analysis
- 1.4.1. Data Analysis Models
- 1.5. Market Formulation & Data Visualization
- 1.6. Data Validation & Publishing
Chapter 2. Executive Summary
- 2.1. Market Snapshot
- 2.2. Type Outlook
- 2.3. End Use Outlook
- 2.4. Booking Mode Outlook
- 2.5. Competitive Landscape Snapshot
Chapter 3. Germany Serviced Apartment Market Variables, Trends & Scope
- 3.1. Market Lineage Outlook
- 3.1.1. Related Market Outlook
- 3.2. Penetration and Growth Prospect Mapping
- 3.3. Industry Value Chain Analysis
- 3.3.1. Booking Channel Trends
- 3.4. Market Dynamics
- 3.4.1. Market Driver Analysis
- 3.4.2. Market Restraint Analysis
- 3.4.3. Market Opportunities
- 3.4.4. Market Challenges
- 3.5. Industry Analysis Tools
- 3.5.1. Porter's Five Forces Analysis
- 3.6. Market Entry Strategies
Chapter 4. Germany Serviced Apartment Market: Consumer Behavior Analysis
- 4.1. Demographic Analysis
- 4.2. Consumer Trends & Preferences
- 4.3. Factors Affecting Buying Decisions
- 4.4. Consumer Product Adoption
- 4.5. Observations & Recommendations
Chapter 5. Germany Serviced Apartment Market: Type Estimates & Trend Analysis
- 5.1. Germany Serviced Apartment Market, By Type: Key Takeaways
- 5.2. Type Movement Analysis & Market Share, 2024 & 2033
- 5.3. Market Estimates & Forecasts, by Type, 2021 - 2033 (USD Billion)
- 5.3.1. Long-Term (>30 Nights)
- 5.3.1.1. Market estimates and forecast, 2021 - 2033 (USD Billion)
- 5.3.2. Short-Term (<30 Nights)
- 5.3.2.1. Market estimates and forecast, 2021 - 2033 (USD Billion)
- 5.3.1. Long-Term (>30 Nights)
Chapter 6. Germany Serviced Apartment Market: End Use Estimates & Trend Analysis
- 6.1. Germany Serviced Apartment Market, By End Use: Key Takeaways
- 6.2. End Use Movement Analysis & Market Share, 2024 & 2033
- 6.3. Market Estimates & Forecasts, by End Use, 2021 - 2033 (USD Billion)
- 6.3.1. Corporate/Business Traveler
- 6.3.1.1. Market estimates and forecast, 2021 - 2033 (USD Billion)
- 6.3.2. Leisure Travelers
- 6.3.2.1. Market estimates and forecast, 2021 - 2033 (USD Billion)
- 6.3.3. Expats and Relocators
- 6.3.3.1. Market estimates and forecast, 2021 - 2033 (USD Billion)
- 6.3.1. Corporate/Business Traveler
Chapter 7. Germany Serviced Apartment Market: Booking Mode Estimates & Trend Analysis
- 7.1. Germany Serviced Apartment Market, By Booking Mode: Key Takeaways
- 7.2. Booking Mode Movement Analysis & Market Share, 2024 & 2033
- 7.3. Market Estimates & Forecasts, by Booking Mode, 2021 - 2033 (USD Billion)
- 7.3.1. Direct Booking
- 7.3.1.1. Market estimates and forecast, 2021 - 2033 (USD Billion)
- 7.3.2. Online Travel Agencies
- 7.3.2.1. Market estimates and forecast, 2021 - 2033 (USD Billion)
- 7.3.3. Corporate Contracts
- 7.3.3.1. Market estimates and forecast, 2021 - 2033 (USD Billion)
- 7.3.1. Direct Booking
Chapter 8. Germany Serviced Apartment Market: Competitive Analysis
- 8.1. Recent developments & impact analysis, by key market participants
- 8.2. Company Categorization
- 8.3. Participant's Overview
- 8.4. Financial Performance
- 8.5. Product Benchmarking
- 8.6. Company Market Share Analysis, 2024 (%)
- 8.7. Company Heat Map Analysis
- 8.8. Strategy Mapping
- 8.9. Company Profiles
- 8.9.1. Adina Apartment Hotels
- 8.9.1.1. Company Overview
- 8.9.1.2. Financial Performance
- 8.9.1.3. Service Portfolios
- 8.9.1.4. Strategic Initiatives
- 8.9.2. Brera Serviced Apartments
- 8.9.2.1. Company Overview
- 8.9.2.2. Financial Performance
- 8.9.2.3. Service Portfolios
- 8.9.2.4. Strategic Initiatives
- 8.9.3. Limehome GmbH
- 8.9.3.1. Company Overview
- 8.9.3.2. Financial Performance
- 8.9.3.3. Service Portfolios
- 8.9.3.4. Strategic Initiatives
- 8.9.4. ipartment GmbH
- 8.9.4.1. Company Overview
- 8.9.4.2. Financial Performance
- 8.9.4.3. Service Portfolios
- 8.9.4.4. Strategic Initiatives
- 8.9.5. The Ascott Limited
- 8.9.5.1. Company Overview
- 8.9.5.2. Financial Performance
- 8.9.5.3. Service Portfolios
- 8.9.5.4. Strategic Initiatives
- 8.9.6. Marriott International
- 8.9.6.1. Company Overview
- 8.9.6.2. Financial Performance
- 8.9.6.3. Service Portfolios
- 8.9.6.4. Strategic Initiatives
- 8.9.7. Fraser Suites
- 8.9.7.1. Company Overview
- 8.9.7.2. Financial Performance
- 8.9.7.3. Service Portfolios
- 8.9.7.4. Strategic Initiatives
- 8.9.8. Staycity Group
- 8.9.8.1. Company Overview
- 8.9.8.2. Financial Performance
- 8.9.8.3. Service Portfolios
- 8.9.8.4. Strategic Initiatives
- 8.9.9. Staybridge Suites
- 8.9.9.1. Company Overview
- 8.9.9.2. Financial Performance
- 8.9.9.3. Service Portfolios
- 8.9.9.4. Strategic Initiatives
- 8.9.10. SilverDoor Apartments
- 8.9.10.1. Company Overview
- 8.9.10.2. Financial Performance
- 8.9.10.3. Service Portfolios
- 8.9.10.4. Strategic Initiatives
- 8.9.1. Adina Apartment Hotels
List of Tables
- 1. Germany serviced apartment market estimates & forecast, by type (USD Billion)
- 2. Germany serviced apartment market estimates & forecasts, for long-term (>30 nights) stays, 2021 - 2033 (USD Billion)
- 3. Germany serviced apartment market estimates & forecasts, for short-term (<30 nights) stays, 2021 - 2033 (USD Billion)
- 4. Germany serviced apartment market estimates & forecast, by end use (USD Billion)
- 5. Germany serviced apartment market estimates & forecasts, for corporate/business traveler, 2021 - 2033 (USD Billion)
- 6. Germany serviced apartment market estimates & forecasts, for leisure travelers, 2021 - 2033 (USD Billion)
- 7. Germany serviced apartment market estimates & forecasts, for expats and relocators, 2021 - 2033 (USD Billion)
- 8. Germany serviced apartment market estimates & forecast, by booking mode (USD Billion)
- 9. Germany serviced apartment market estimates & forecasts, through direct booking, 2021 - 2033 (USD Billion)
- 10. Germany serviced apartment market estimates & forecasts, through online travel agencies, 2021 - 2033 (USD Billion)
- 11. Germany serviced apartment market estimates & forecasts, through corporate contracts, 2021 - 2033 (USD Billion)
- 12. Recent developments & impact analysis, by key market participants
- 13. Company market share, 2024
- 14. Company heat map analysis
- 15. Companies undergoing key strategies
List of Figures
- 1. Germany serviced apartment market segmentation
- 2. Information procurement
- 3. Primary research pattern
- 4. Primary research approaches
- 5. Primary research process
- 6. Market snapshot
- 7. Segment snapshot
- 8. Regional snapshot
- 9. Competitive landscape Snapshot
- 10. Europe parent industry and serviced apartment market size (USD Billion)
- 11. Europe serviced apartment market size, 2021 to 2033 (USD Billion)
- 12. Germany serviced apartment market: Penetration & growth prospect mapping
- 13. Germany serviced apartment market: Value chain analysis
- 14. Germany serviced apartment market: Booking channel analysis
- 15. Germany serviced apartment market: Dynamics
- 16. Germany serviced apartment market: Porter's five forces analysis
- 17. Factors influencing buying decisions for serviced apartments
- 18. Germany serviced apartment market, by type: Key takeaways
- 19. Germany serviced apartment market: Type movement analysis, 2024 & 2033 (%)
- 20. Germany serviced apartment market estimates & forecasts, for long-term (>30 nights) stays, 2021 - 2033 (USD Billion)
- 21. Germany serviced apartment market estimates & forecasts, for short-term (<30 nights) stays, 2021 - 2033 (USD Billion)
- 22. Germany serviced apartment market, by end use: Key takeaways
- 23. Germany serviced apartment market: End use movement analysis, 2024 & 2033 (%)
- 24. Germany serviced apartment market estimates & forecasts, for corporate/business traveler, 2021 - 2033 (USD Billion)
- 25. Germany serviced apartment market estimates & forecasts, for leisure travelers, 2021 - 2033 (USD Billion)
- 26. Germany serviced apartment market estimates & forecasts, for expats and relocators, 2021 - 2033 (USD Billion)
- 27. Germany serviced apartment market, by booking mode: Key takeaways
- 28. Germany serviced apartment market: Booking mode movement analysis, 2024 & 2033 (%)
- 29. Germany serviced apartment market estimates & forecasts, through direct booking, 2021 - 2033 (USD Billion)
- 30. Germany serviced apartment market estimates & forecasts, through online travel agencies, 2021 - 2033 (USD Billion)
- 31. Germany serviced apartment market estimates & forecasts, through corporate contracts, 2021 - 2033 (USD Billion)
- 32. Key company categorization
- 33. Company market share analysis, 2024 (%)
- 34. Strategic framework of the Germany serviced apartment market
