Europe Serviced Apartment Market Size & Outlook, 2023-2030
The serviced apartment market in Europe is expected to reach a projected revenue of US$ 69,599.0 million by 2030. A compound annual growth rate of 11.6% is expected of Europe serviced apartment market from 2024 to 2030.
Revenue, 2023 (US$M)
$32,220.3
Forecast, 2030 (US$M)
$69,599.0
CAGR, 2024 - 2030
11.6%
Report Coverage
Europe
Europe serviced apartment market, 2018-2030 (US$M)
Europe serviced apartment market highlights
- The Europe serviced apartment market generated a revenue of USD 32,220.3 million in 2023.
- The market is expected to grow at a CAGR of 11.6% from 2024 to 2030.
- In terms of segment, long-term (>30 nights) was the largest revenue generating type in 2023.
- Long-Term (>30 Nights) is the most lucrative type segment registering the fastest growth during the forecast period.
Europe data book summary
| Market revenue in 2023 | USD 32,220.3 million |
| Market revenue in 2030 | USD 69,599.0 million |
| Growth rate | 11.6% (CAGR from 2023 to 2030) |
| Largest segment | Long-term (>30 nights) |
| Fastest growing segment | Long-Term (>30 Nights) |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Long-Term (>30 Nights) |
| Key market players worldwide | CapitaLand India Trust Units Real Estate Investment Trust, Frasers Group PLC, Marriott International Inc Class A |
Other key industry trends
- In terms of revenue, Europe region accounted for 28.7% of the global serviced apartment market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 57,949.4 million by 2030.
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Serviced Apartment Market Scope
Serviced apartment market segmentation & scope
End Use
Corporate/Business Traveler
Leisure Travelers
Expats and Relocators
Booking Mode
Direct Booking
Online Travel Agencies
Corporate Contracts
Countries
U.S.
Canada
Mexico
Germany
UK
France
Italy
Spain
Denmark
Sweden
Norway
China
Japan
India
South Korea
Australia
Thailand
Brazil
Argentina
South Africa
Saudi Arabia
UAE
Kuwait
Serviced Apartment Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Europe serviced apartment market
Related regional statistics
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