France Serviced Apartment Market To Reach $11,813.6 Million By 2033

France Serviced Apartment Market Growth & Trends

The France serviced apartment market size is expected to reach USD 11,813.6 million by 2033, according to a new report by Grand View Research, Inc. The market is projected to grow at a CAGR of 12.7% from 2025 to 2033.The market is being driven by a combination of evolving travel behaviors, economic factors, and shifts in work culture. A key driver is the increasing demand from corporate and business travelers, who accounted for nearly half of the market revenue in 2024. France’s position as a major European business hub, hosting multinational headquarters, conferences, and trade fairs, creates sustained demand for extended-stay accommodation in cities such as Paris, Lyon, and Marseille. The post-pandemic rise of hybrid and remote work has further fueled interest in serviced apartments, as professionals on temporary assignments or “workcations” seek flexible, fully furnished spaces with work-friendly amenities. In addition, the inflow of expatriates, relocators, and long-term international students is expanding the base of customers requiring accommodation for several months at a time.

Technology adoption and changing consumer expectations are also shaping market growth. Operators are increasingly integrating smart technologies, such as mobile check-in, AI-driven personalization, and IoT-enabled energy efficiency, to enhance guest convenience and operational efficiency. Sustainability has emerged as a significant trend, with many properties adopting eco-friendly construction, energy-saving systems, and waste-reduction measures to attract environmentally conscious travelers. The flexibility of serviced apartments, offering a blend of hotel-style services with the comfort of a home makes them appealing to a broad spectrum of guests, including “bleisure” travelers who combine business trips with leisure stays.

On the supply side, the market is seeing steady expansion, with new developments and conversions adding to the pipeline. Regulatory clarity in many French cities, particularly for licensed short-term serviced apartments, has increased traveler confidence and encouraged investment. Although zoning restrictions, especially in Paris, can slow project approvals, investor sentiment remains positive due to high occupancy rates, long average stays, and lower operating costs compared to traditional hotels. These factors collectively position the France serviced apartment market for sustained growth over the coming years.

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France Serviced Apartment Market Report Highlights

• Short-term serviced apartment dominated the overall france service apartment market in 2024.Short-term rentals cater to these travelers by offering hotel-like amenities combined with the privacy and space of an apartment, making them an attractive alternative to traditional hotels. In addition, the rise of “bleisure” travel has driven demand for short-term serviced apartments, as business visitors increasingly extend their trips for leisure purposes, preferring accommodations that allow them to combine work and relaxation. The growth of digital booking platforms and last-minute reservation options has further supported this segment’s expansion, enabling operators to capture transient demand during peak tourist seasons and major events.

• The expats and relocators segment is expected to grow significantly from 2025 to 2033 within the France serviced apartment market.The segment is benefiting from the rising number of international students, diplomatic staff, and intra-company transfers, all of whom prioritize convenience, security, and proximity to workplaces or academic institutions. Operators are increasingly targeting this demographic with tailored relocation packages, multilingual support staff, and flexible lease options, further enhancing the appeal of serviced apartments for those transitioning to life in France.

• Booking through direct channel dominated the market. For long-stay guests, direct booking also facilitates customized agreements, including tailored payment terms and value-added services such as airport transfers or early check-ins. In addition, avoiding intermediary commissions allows operators to reinvest in guest experience, offering perks such as complimentary upgrades or extended check-out times, further strenghten customer loyalty. The combination of cost savings for both guests and operators, enhanced trust, and personalized engagement has made direct booking a dominant sales channel in France serviced apartment market.

France Serviced Apartment Market Segmentation

Grand View Research has segmented the France serviced apartment market on the basis of type, end use, and booking mode.

France Serviced Apartment Type Outlook (Revenue, USD Million, 2021 - 2033)

• Long-Term (>30 Nights)

• Short-Term (<30 Nights)

France Serviced Apartment End Use Outlook (Revenue, USD Million, 2021 - 2033)

• Corporate/Business Traveler

• Leisure Travelers

• Expats and Relocators

France Serviced Apartment Booking Mode Outlook (Revenue, USD Million, 2021 - 2033)

• Direct Booking

• Online Travel Agencies

• Corporate Contracts

List of Key Players of the France Serviced Apartment Market

• The Ascott Limited

• Frasers Hospitality

• The Serviced Apartment Company

• Staycity Ltd

• Habicus Group

• THE SQUA.RE SERVICED APARTMENTS

• adiahotels.com

• Viridian Apartments

• Adagio

• Marriott International, Inc.