Germany Serviced Apartment Market To Reach $5.14 Billion By 2033

Germany Serviced Apartment Market Growth & Trends

The Germany serviced apartment market size is expected to reach USD 5.14 billion by 2033, according to a new report by Grand View Research, Inc. The market is projected to grow at a CAGR of 7.2% from 2025 to 2033. The serviced apartment sector in Germany is witnessing a robust transformation, fueled by shifting corporate mobility trends, evolving lifestyle preferences, and growing demand for mid-to-long-term accommodation in urban hubs. Cities such as Berlin, Frankfurt, and Munich are emerging as key development zones where both domestic and international operators are expanding footprints to meet the needs of business travelers, consultants, contract workers, and increasingly, digital nomads. With Germany’s economic clusters continuing to attract cross-border assignments and innovation-led workforces, the sector is becoming a strategic pillar of the extended-stay hospitality model.

Operators are reimagining serviced apartments as integrated urban living spaces that combine professional functionality with cultural connectivity. Instead of focusing solely on proximity to corporate zones, many providers are prioritizing locations that offer access to local culture, public spaces, and lifestyle infrastructure. These preferences are reflected in design strategies that emphasise spacious layouts, acoustic privacy, energy-efficient appliances, and interiors that support both relaxation and productivity, tailored to Germany’s sustainability-minded and efficiency-driven guest profile.

In the post-pandemic era, emphasis has grown on accommodation models that allow for personal autonomy, especially for those on temporary assignments or undergoing relocations. Serviced apartments in Germany meet these expectations by offering equipped kitchens, in-unit laundry, contactless entry systems, and reliable connectivity, appealing to guests seeking the security of private living with the benefits of professional hospitality. This value proposition is also gaining traction among domestic travellers who favour alternative accommodation formats over conventional hotel offerings.

The German market is also witnessing diversification through themed concepts such as eco-conscious apartments, mobility-inclusive units near transport nodes, and spaces designed to accommodate family needs or hybrid work lifestyles. Technology integration continues to gain ground, with property management platforms streamlining check-ins, maintenance requests, and guest communications. As operators align with travel management firms, HR mobility partners, and tech startups, the sector is gradually building a digitised, modular accommodation ecosystem that serves multiple user types without compromising on quality or compliance.

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Germany Serviced Apartment Market Report Highlights

• Short-term (<30 nights) stays held a substantial share, driven by rising demand for flexible, self-contained accommodation that offers privacy, comfort, and easy access to transport, culture, and leisure. These units appeal to domestic tourists, weekend travellers, and short-stay guests seeking convenience.

• Corporate/business travelers held a substantial share, supported by continued demand from consultants, temporary assignees, and cross-border professionals. Serviced apartments cater to this segment with tailored services, in-unit workspaces, and extended-stay comfort, often located near key commercial areas and major transport infrastructure.

• Corporate contracts are projected to grow at a CAGR of 8.0% over the forecast period, driven by rising demand for extended-stay accommodation among mobile workforces, project consultants, and relocated staff. Companies are prioritising serviced apartments for their cost-control benefits, lease flexibility, and ability to offer home-like environments that enhance employee satisfaction during long assignments.

Germany Serviced Apartment Market Segmentation

Grand View Research has segmented the Germany serviced apartment market based on type, end-use, and booking mode:

Germany Serviced Apartment Type Outlook (Revenue, USD Billion, 2021 - 2033)

• Long-term (>30 Nights)

• Short-term (<30 Nights)

Germany Serviced Apartment End-use Outlook (Revenue, USD Billion, 2021 - 2033)

• Corporate/ Business Traveler

• Leisure Travelers

• Expats and Relocators

Germany Serviced Apartment Booking Mode Outlook (Revenue, USD Billion, 2021 - 2033)

• Direct Booking

• Online Travel Agencies

• Corporate Contracts

List of Key Players in the Germany Serviced Apartment Market

• Adina Apartment Hotels

• Brera Serviced Apartments

• Limehome GmbH

• ipartment GmbH

• The Ascott Limited

• Marriott International

• Fraser Suites

• Staycity Group

• Staybridge Suites

• SilverDoor Apartments