Serviced Apartments/Short-Term Rentals Market in Europe - A comparative study in Five European Countries

Abstract

The serviced apartment market in Europe has become increasingly important and experienced significant growth in recent years. Although the serviced apartment market was once considered a niche offering, recent megatrends suggest that there is increasing demand for flexible, convenient, and cost-effective living arrangements that cater to individuals' diverse needs and preferences across different phases of life. The main goal of this research paper is to provide stakeholders, such as agents, asset managers, and developers, a profound insight into the current needs, trends, changes, and prospects of the Serviced Apartment Market, enabling them to develop new innovative approaches through a cross-country analysis of the surveyed topic.