Vacation Rental Market, By Booking Mode, By Accommodation Type, By Price Point, By Location Type, By Geography

Description

The vacation rental market is estimated to be valued at US$ 75.05 Bn in 2024 and is expected to reach US$ 109.43 Bn by 2031, growing at a compound annual growth rate (CAGR) of 5.5% from 2024 to 2031.

Report Coverage		Report Details
Base Year:	2023	Market Size in 2024:	US$ 75.05 Bn
Historical Data for:	2019 To 2023	Forecast Period:	2024 To 2031
Forecast Period 2024 to 2031 CAGR:	5.50%	2031 Value Projection:	US$ 109.43 Bn

Figure. Vacation Rental Market Share (%), By Region, 2024

The vacation rental market has seen significant growth over the past few years. As remote working becomes more common, many people are choosing to work from various vacation destinations rather than being confined to one location. This has increased the demand for short-term and long-term vacation rental properties. Additionally, the sharing economy model adopted by major platforms like Airbnb have made it much easier for property owners to list and rent their spaces, driving the availability of vacation rentals. The pandemic further accelerated this trend as people sought temporary housing in less crowded areas to ride out lockdowns and restrictions. Going forward, developments like improved rural broadband connectivity and the flexibility of hybrid work models are expected to further support growth in the vacation rental market.

Market Dynamics:

The vacation rental market is driven by the rising popularity of the sharing economy and remote work culture. Platforms like Airbnb have greatly reduced transaction costs for property owners to participate in the short-term rental market. The pandemic boosted the demand as people looked for accommodations away from crowded cities during lockdowns. However, overregulation and strict laws in some locations pose challenges to growth. Opportunities lie in upgrading local properties to cater to changing traveler needs and integrating new amenities like high-speed internet. The market is also poised to benefit from the ongoing trend of distributed work which is expected to give a lasting boost to long-term stays beyond the pandemic.

Key Features of the Study:

This report provides an in-depth analysis of the global vacation rental market, and provides market size (US$ Billion) and compound annual growth rate (CAGR %) for the forecast period (2024-2031), considering 2023 as the base year

It elucidates potential revenue growth opportunities across different segments and explains attractive investment proposition matrices for this market

This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, market trends, regional outlook, and competitive strategies adopted by key players

It profiles key players in the global vacation rental market based on the following parameters - company highlights, products portfolio, key highlights, financial performance, and strategies

Key companies covered as a part of this study include 9flats, Booking.com, Hotelplan Management AG, MakeMyTrip Pvt. Ltd., OYO Hotels & Homes, Trivago, Agoda Company Pte. Ltd., Yatra Online Private Limited, Hotwire, Inc., HotelsCombined, Hotels.com, BookingBuddy.com, Inc., Priceline.com LLC, KAYAK, Google, Airbnb Inc., Booking Holdings Inc., Hotelplan Holding AG, MakeMyTrip Pvt. Ltd., Expedia Group Inc., NOVASOL AS, Oravel Stays Pvt. Ltd., Wyndham Destinations Inc., and TripAdvisor Inc.

Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics

The global vacation rental market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts

Market Segmentation

By Booking Mode
- Online
- Offline
By Accommodation Type
- Home
- Resort/Condominium
- Apartments
- Hometown
- Villas
By Price Point
- Economic
- Mid Range
- Luxury
By Location Type
- Resort Area
- Rural Area
- Small Town
By Regional
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East & Africa
Key Players
- Booking.com
- Hotelplan Management AG
- MakeMyTrip Pvt. Ltd.
- OYO Hotels & Homes
- Trivago
- Agoda Company Pte. Ltd.
- Yatra Online Private Limited
- Hotwire, Inc.
- HotelsCombined
- Hotels.com
- BookingBuddy.com, Inc.
- Priceline.com LLC
- KAYAK
- Google
- Airbnb Inc.
- Booking Holdings Inc.
- Hotelplan Holding AG
- MakeMyTrip Pvt. Ltd.
- Expedia Group Inc.
- NOVASOL AS
- Oravel Stays Pvt. Ltd.
- Wyndham Destinations Inc.
- TripAdvis

Product Code: CMI5376

1. Research Objectives and Assumptions

Research Objectives
Assumptions
Abbreviations

2. Market Purview

Report Description
- Market Definition and Scope
Executive Summary
- Market Snippet, By Booking Mode
- Market Snippet, By Accommodation Type
- Market Snippet, By Price Point
- Market Snippet, By Location Type
- Market Snippet, By Region
Coherent Opportunity Map (COM)

3. Market Dynamics, Regulations, and Trends Analysis

Market Dynamics
- Drivers
- Restraints
- Opportunities
Regulatory Scenario
Industry Trend
Merger and Acquisitions
New System Launches/Approvals
Impact of the COVID-19 Pandemic

4. Global Vacation Rental Market, By Booking Mode, 2019-2031, (US$ Billion)

Introduction
- Market Share Analysis, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2020-2031
- Segment Trends
Online
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Billion)
Offline
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Billion)

5. Global Vacation Rental Market, By Accommodation Type, 2019-2031, (US$ Billion)

Introduction
- Market Share Analysis, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2020-2031
- Segment Trends
Home
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Billion)
Resort/Condominium
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Billion)
Apartments
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Billion)
Hometown
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Billion)
Villas
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Billion)

6. Global Vacation Rental Market, By Price Point, 2019-2031, (US$ Billion)

Introduction
- Market Share Analysis, 2024 and 2031 (%)
- Segment Trends
Economic
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Billion)
Mid Range
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Billion)
Luxury
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Billion)

7. Global Vacation Rental Market, By Location Type, 2019-2031, (US$ Billion)

Introduction
- Market Share Analysis, 2024 and 2031 (%)
- Segment Trends
Resort Area
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Billion)
Rural Area
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Billion)
Small Town
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Billion)

8. Global Vacation Rental Market, By Region, 2019-2031, (US$ Billion)

Introduction
- Market Share Analysis, By Region, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2020-2031
North America
- Regional Trends
- Market Size and Forecast, By Booking Mode, 2019-2031, (US$ Billion)
- Market Size and Forecast, By Accommodation Type, 2019-2031, (US$ Billion)
- Market Size and Forecast, By Price Point, 2019-2031, (US$ Billion)
- Market Size and Forecast, By Location Type, 2019-2031, (US$ Billion)
- Market Size and Forecast, By Country, 2019-2031, (US$ Billion)
  - U.S.
  - Canada
  - Europe
- Regional Trends
- Market Size and Forecast, By Booking Mode, 2019-2031, (US$ Billion)
- Market Size and Forecast, By Accommodation Type, 2019-2031, (US$ Billion)
- Market Size and Forecast, By Price Point, 2019-2031, (US$ Billion)
- Market Size and Forecast, By Location Type, 2019-2031, (US$ Billion)
- Market Size and Forecast, By Country, 2019-2031, (US$ Billion)
  - U.K.
  - Germany
  - Italy
  - France
  - Russia
  - Rest of Europe
  - Asia Pacific
- Regional Trends
- Market Size and Forecast, By Booking Mode, 2019-2031, (US$ Billion)
- Market Size and Forecast, By Accommodation Type, 2019-2031, (US$ Billion)
- Market Size and Forecast, By Price Point, 2019-2031, (US$ Billion)
- Market Size and Forecast, By Location Type, 2019-2031, (US$ Billion)
- Market Size and Forecast, By Country, 2019-2031, (US$ Billion)
  - China
  - India
  - ASEAN
  - Australia
  - South Korea
  - Japan
  - Rest of Asia Pacific
  - Latin America
- Regional Trends
- Market Size and Forecast, By Booking Mode, 2019-2031, (US$ Billion)
- Market Size and Forecast, By Accommodation Type, 2019-2031, (US$ Billion)
- Market Size and Forecast, By Price Point, 2019-2031, (US$ Billion)
- Market Size and Forecast, By Location Type, 2019-2031, (US$ Billion)
- Market Size and Forecast, By Country, 2019-2031, (US$ Billion)
  - Brazil
  - Argentina
  - Mexico
  - Rest of Latin America
  - Middle East & Africa
- Regional Trends
- Market Size and Forecast, By Booking Mode, 2019-2031, (US$ Billion)
- Market Size and Forecast, By Accommodation Type, 2019-2031, (US$ Billion)
- Market Size and Forecast, By Price Point, 2019-2031, (US$ Billion)
- Market Size and Forecast, By Location Type, 2019-2031, (US$ Billion)
- Market Size and Forecast, By Country, 2019-2031, (US$ Billion)
  - GCC Countries
  - South Africa
  - Rest of the Middle East & Africa

9. Competitive Landscape

Company Profiles
- 9flats
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- Booking.com
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- Hotelplan Management AG
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- MakeMyTrip Pvt. Ltd.
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- OYO Hotels & Homes
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- Trivago
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- Agoda Company Pte. Ltd.
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- Yatra Online Private Limited
- Hotwire, Inc.
- HotelsCombined
- Hotels.com
- BookingBuddy.com, Inc.
- Priceline.com LLC
- KAYAK
- Google
- Airbnb Inc.
- Booking Holdings Inc.
- Hotelplan Holding AG
- MakeMyTrip Pvt. Ltd.
- Expedia Group Inc.
- NOVASOL AS
- Oravel Stays Pvt. Ltd.
- Wyndham Destinations Inc.
- TripAdvisor Inc.

10. Analyst Recommendations

Wheel of Fortune
Analyst View
Coherent Opportunity Map

11. Research Methodology

References
Research Methodology
About us and Sales Contact