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Italy Serviced Apartment Market Size, Share & Trends Analysis Report by Type (Long-Term, Short-Term), by End-use (Corporate/ Business Traveler, Leisure Travelers), by Booking Mode (Direct Booking, Online Travel Agencies), and Segment Forecasts, 2025-2033

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    Report

  • 90 Pages
  • August 2025
  • Region: Italy
  • Grand View Research
  • ID: 6168268
The Italy serviced apartment market size was estimated to USD 2.11 billion in 2024 and is projected to reach USD 7.54 billion by 2033, growing at a CAGR of 13.3% from 2025 to 2033. The serviced apartment market in Italy is expanding rapidly, fueled by rising demand from both domestic and international travelers seeking flexible, comfortable, and well-equipped accommodation options. These properties, which combine the amenities of a hotel with the convenience of a private residence, are gaining popularity among tourists, business professionals, and long-stay guests. Major cities such as Rome, Milan, Florence, and Venice are at the forefront, benefitting from year-round tourism, cultural events, and international business activities. The growing appeal of Italy as a hub for global events and conferences is also creating a steady flow of demand for quality serviced apartments.

Changing consumer preferences are a key driver of this growth, as travelers increasingly prioritize spacious living areas, kitchen facilities, and a “home-away-from-home” feel over traditional hotel stays. The rise of remote work and digital nomadism has further strengthened the market, as these guests often seek longer-term stays with reliable connectivity and comfortable working spaces. Hospitality operators are adapting by offering tailored services, flexible booking policies, and loyalty programs to attract repeat visitors.

Sustainability is another emerging trend, with many serviced apartment providers investing in eco-friendly designs, energy-efficient systems, and responsible sourcing to align with the values of environmentally conscious travelers.

Technological advancements are also reshaping the serviced apartment experience. Operators are integrating digital tools such as mobile check-in, smart room controls, and AI-powered guest services to streamline operations and enhance personalization. The rise of online booking platforms and targeted digital marketing has widened the customer base, making serviced apartments more visible and accessible. With the convergence of increased tourism, lifestyle changes, and evolving service models, Italy’s serviced apartment sector is positioned for sustained expansion in the coming years.

Italy Serviced Apartment Market Report Segmentation

This report forecasts revenue growth at the country level and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2021 to 2033. The analyst has segmented the Italy serviced apartment market report by type, end-use, and booking mode:

Type Outlook (Revenue, USD Million, 2021-2033)

  • Long-term (>30 Nights)
  • Short-term (< 30 Nights)

End-use Outlook (Revenue, USD Million, 2021-2033)

  • Corporate/ Business Traveler
  • Leisure Travelers
  • Expats and Relocators

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

  • Direct Booking
  • Online Travel Agencies
  • Corporate Contracts

Why should you buy this report?

  • Comprehensive Market Analysis: Gain detailed insights into the industry across major regions and segments.
  • Competitive Landscape: Explore the market presence of key players.
  • Future Trends: Discover the pivotal trends and drivers shaping the future of the market.
  • Actionable Recommendations: Utilize insights to uncover new revenue streams and guide strategic business decisions.

This report addresses:

  • Market intelligence to enable effective decision-making
  • Market estimates and forecasts from 2018 to 2030
  • Growth opportunities and trend analyses
  • Segmental and regional revenue forecasts for market assessment
  • Competition strategy and market share analysis
  • Product innovation listings for you to stay ahead of the curve
  • COVID-19's impact and how to sustain in these fast-evolving markets

This product will be delivered within 2 business days.

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. Internal Database
1.3.3. Secondary Type & 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. Segment Outlook
2.3. Competitive Landscape Snapshot
Chapter 3. Italy Serviced Apartment Market Variables and Trends
3.1. Market Introduction
3.2. Industry Value Chain Analysis
3.2.1. Booking Mode Analysis & Trends
3.3. Market Dynamics
3.3.1. Market Driver Analysis
3.3.2. Market Restraint Analysis
3.3.3. Market Opportunities
3.3.4. Market Challenges
3.4. Industry Analysis Tools
3.4.1. Porter’s Five Forces Analysis
3.5. Market Entry Strategies
Chapter 4. Italy Serviced Apartment Market: Type Estimates & Trend Analysis
4.1. Italy Serviced Apartment Market, by Type: Key Takeaways
4.2. Type Movement Analysis & Market Share, 2024 & 2033
4.3. Market Estimates & Forecasts, by Type, 2021-2033 (USD Million)
4.3.1. Long-Term (>30 Nights)
4.3.1.1. Market estimates and forecast, 2021-2033 (USD Million)
4.3.2. Short-Term (< 30 Nights)
4.3.2.1. Market estimates and forecast, 2021-2033 (USD Million)
Chapter 5. Italy Serviced Apartment Market: End Use Estimates & Trend Analysis
5.1. Italy Serviced Apartment Market, by End Use: Key Takeaways
5.2. End Use Movement Analysis & Market Share, 2024 & 2033
5.3. Market Estimates & Forecasts, by End Use, 2021-2033 (USD Million)
5.3.1. Corporate/Business Traveler
5.3.1.1. Market estimates and forecast, 2021-2033 (USD Million)
5.3.2. Leisure Travelers
5.3.2.1. Market estimates and forecast, 2021-2033 (USD Million)
5.3.3. Expats and Relocators
5.3.3.1. Market estimates and forecast, 2021-2033 (USD Million)
Chapter 6. Italy Serviced Apartment Market: End Use Estimates & Trend Analysis
6.1. Italy Serviced Apartment Market, by Booking Mode: Key Takeaways
6.2. Booking Mode Movement Analysis & Market Share, 2024 & 2033
6.3. Market Estimates & Forecasts, by Booking Mode, 2021-2033 (USD Million)
6.3.1. Direct Booking
6.3.1.1. Market estimates and forecast, 2021-2033 (USD Million)
6.3.2. Online Travel Agencies
6.3.2.1. Market estimates and forecast, 2021-2033 (USD Million)
6.3.3. Corporate Contracts
6.3.3.1. Market estimates and forecast, 2021-2033 (USD Million)
Chapter 7. Italy Serviced Apartment Market: Competitive Analysis
7.1. Recent Developments & Impact Analysis by Key Market Participants
7.2. Company Categorization
7.3. Participant’s Overview
7.4. Financial performance
7.5. Product Benchmarking
7.6. Company Market Share Analysis, 2024 (%)
7.7. Company Heat Map Analysis, 2024
7.8. Strategy Mapping
7.9. Company Profiles
7.9.1. The Ascott Limited
7.9.1.1. Company Overview
7.9.1.2. Financial performance
7.9.1.3. Service Portfolios
7.9.1.4. Strategic Initiatives
7.9.2. Frasers Hospitality
7.9.2.1. Company Overview
7.9.2.2. Financial performance
7.9.2.3. Service Portfolios
7.9.2.4. Strategic Initiatives
7.9.3. Milan Royal Suites.
7.9.3.1. Company Overview
7.9.3.2. Financial performance
7.9.3.3. Service Portfolios
7.9.3.4. Strategic Initiatives
7.9.4. THE SQUA.RE SERVICED APARTMENTS
7.9.4.1. Company Overview
7.9.4.2. Financial performance
7.9.4.3. Service Portfolios
7.9.4.4. Strategic Initiatives
7.9.5. Habicus Group
7.9.5.1. Company Overview
7.9.5.2. Financial performance
7.9.5.3. Service Portfolios
7.9.5.4. Strategic Initiatives
7.9.6. Staycity Ltd
7.9.6.1. Company Overview
7.9.6.2. Financial performance
7.9.6.3. Service Portfolios
7.9.6.4. Strategic Initiatives
7.9.7. adiahotels.com
7.9.7.1. Company Overview
7.9.7.2. Financial performance
7.9.7.3. Service Portfolios
7.9.7.4. Strategic Initiatives
7.9.8. Viridian Apartments
7.9.8.1. Company Overview
7.9.8.2. Financial performance
7.9.8.3. Service Portfolios
7.9.8.4. Strategic Initiatives
7.9.9. Adagio
7.9.9.1. Company Overview
7.9.9.2. Financial performance
7.9.9.3. Service Portfolios
7.9.9.4. Strategic Initiatives
7.9.10. Marriott International, Inc.
7.9.10.1. Company Overview
7.9.10.2. Financial performance
7.9.10.3. Service Portfolios
7.9.10.4. Strategic Initiatives
List of Tables
Table 1 Italy serviced apartment market: Key market driver analysis
Table 2 Italy serviced apartment market: Key market restraint analysis
Table 3 Italy serviced apartment market estimates & forecast, 2021-2033, by type (USD Million)
Table 4 Long-term (>30 nights) serviced apartment market estimates & forecast, 2021-2033 (USD Million)
Table 5 Short-term (< 30 nights) serviced apartment market estimates & forecast, 2021-2033 (USD Million)
Table 6 Italy serviced apartment market estimates & forecast, 2021-2033, by end use (USD Million)
Table 7 Italy serviced apartment market estimates & forecast, for corporate/business traveler 2021-2033 (USD Million)
Table 8 Italy serviced apartment market estimates & forecast, for leisure traveler 2021-2033 (USD Million)
Table 9 Italy serviced apartment market estimates & forecast, for expats and relocators, 2021-2033 (USD Million)
Table 10 Italy serviced apartment market estimates & forecast, 2021-2033, by booking mode (USD Million)
Table 11 Italy serviced apartment market estimates & forecast, through direct booking, 2021-2033 (USD Million)
Table 12 Italy serviced apartment market estimates & forecast, through online travel agencies, 2021-2033 (USD Million)
Table 13 Italy serviced apartment market estimates & forecast, through corporate contracts, 2021-2033 (USD Million)
Table 14 Recent developments & impact analysis, by key market participants
Table 15 Company market share, 2024 (%)
Table 16 Company heat map analysis, 2024
Table 17 Companies implementing key strategies
List of Figures
Figure 1 Italy serviced apartment market segmentation
Figure 2 Information procurement
Figure 3 Primary research pattern
Figure 4 Primary research approaches
Figure 5 Primary research process
Figure 6 Market snapshot
Figure 7 Segment snapshot
Figure 8 Competitive landscape Snapshot
Figure 9 Parent industry and Italy serviced apartment market size, 2024 (USD Million)
Figure 10 Italy serviced apartment market: Value chain analysis
Figure 11 Italy serviced apartment market: Dynamics
Figure 12 Italy serviced apartment market: Porter’s five forces analysis
Figure 13 Italy serviced apartment market, by type: Key takeaways
Figure 14 Italy serviced apartment market: Type movement analysis, 2024 & 2033 (%)
Figure 15 Long-term (>30 nights) serviced apartment market estimates & forecast, 2021-2033 (USD Million)
Figure 16 Short-term (< 30 nights) serviced apartment market estimates & forecast, 2021-2033 (USD Million)
Figure 17 Italy serviced apartment market, by end use: Key takeaways
Figure 18 Italy serviced apartment market: End Use movement analysis, 2024 & 2033 (%)
Figure 19 Italy serviced apartment market estimates & forecast, for corporate/business traveler, 2021-2033 (USD Million)
Figure 20 Italy serviced apartment market estimates & forecast, for leisure traveler, 2021-2033 (USD Million)
Figure 21 Italy serviced apartment market estimates & forecast, for expats and relocators, 2021-2033 (USD Million)
Figure 22 Italy serviced apartment market, by booking mode: Key takeaways
Figure 23 Italy serviced apartment market: Booking mode movement analysis, 2024 & 2033 (%)
Figure 24 Italy serviced apartment market estimates & forecast, through direct booking, 2021-2033 (USD Million)
Figure 25 Italy serviced apartment market estimates & forecast, through online travel agencies, 2021-2033 (USD Million)
Figure 26 Italy serviced apartment market estimates & forecast, through corporate contracts, 2021-2033 (USD Million)
Figure 27 Key company categorization
Figure 28 Company market share analysis, 2024
Figure 29 The strategic framework of the Italy serviced apartment market

Companies Mentioned

The major companies profiled in this Italy Serviced Apartment market report include:
  • Marriott International, Inc.
  • The Ascott Limited
  • Frasers Hospitality
  • Milan Royal Suites
  • Staycity Ltd
  • Habicus Group
  • THE SQUA.RE SERVICED APARTMENTS
  • adiahotels.com
  • Viridian Apartments
  • Adagio

Table Information