limehome's Record Expansion: A New Era in European Hospitality

In a significant stride for the hospitality industry, Munich-based limehome announced its remarkable growth in 2023, expanding its portfolio to 6,000 fully digitalized designer apartments and breaking into four new markets. This achievement positions limehome as one of Europe's fastest-growing hospitality companies.

The company's expansion strategy has been notably successful outside Germany, with almost half of the new apartments located internationally. This growth reflects limehome's capacity for versatile project handling and its leading performance in the sector. In its home market, Germany, limehome strengthened its presence by adding approximately 1,700 new apartments, making up about 60% of its total portfolio.

limehome's expansion wasn't limited to major cities. The company's reach extended to attractive large and medium-sized cities across Europe, including a significant entry into Zurich, Switzerland's premier property market. In key European destinations like Italy, Greece, Portugal, and Spain, limehome added a third of its new units, indicating robust demand for digital hospitality solutions.

Financially, 2023 was a year of doubling revenue for limehome, nearing the milestone of a three-digit million figure. This growth came alongside a significant increase in its workforce, contrasting the broader digital sector's trend of cutbacks.

Josef Vollmayr, Co-Founder and Co-CEO of limehome, expressed confidence in the company's future, revealing plans for further expansion in 2024, including entering markets like the UK and France. limehome's long-term goal is to extend its reach to 20,000 apartments across Europe and beyond.

The company's high occupancy rate of 90% across its portfolio underscores the growing popularity of digital apartment concepts among travelers and positions limehome as a leader in the industry, ready to shape the future of European hospitality.