The Vacation Rental market is expected to grow from USD 85.61 billion in 2022 to USD 172.22 billion by 2032, at a CAGR of 7.24% during the forecast period 2023-2032.
A vacation rental is the temporary rental of an apartment, furnished home, or professionally managed residential resort for tourists and travellers. It is an alternative to hotels. The term vacation rental is primarily used in the United States. Some other names for vacation rental include vacation home, self-catering rental, gites, cabin vacation, and holiday lets.
The increasing spending by millennials on vacations, travel and accommodation is propelling the demand market. In addition, increasing tourism and the rising popularity of short-term rental homes, resorts and apartments are boosting the growth of the vacation rental market. On the other hand, the rising costs and risks associated with renting homestays, apartments, and homes are hindering the market's growth. However, increasing awareness about offers and services and rising effective promotional strategies will create new market opportunities during the forecast period.
This study comprehensively analyses accommodation type, booking mode, and region. The accommodation type segment includes apartments, home, resort/condominium and others. The home segment held the largest market share in 2022. Vacation rental homes are popular among tourists and travellers due to their safety, space, and availability of amenities. In rural areas, these accommodations are costs very-low compared to others. The booking mode segment is divided into online and offline. The offline segment registered the largest market share in 2022. Travellers prefer to book accommodation offline and on the spot for different reasons such as unplanned trips, emergencies, uncertainty or even out of choice. Moreover, Baby Boomers and Generation X are the main consumer groups who prefer offline booking.
The market has been divided into North America, Europe, Asia-Pacific, Middle East & Africa, and South America. The Europe region held the highest market revenue in 2022 due to big tour players and online tour operators keeping pace with the rising popularity and increasing spending on booking resorts and condominium accommodations. The APAC region is anticipated to notice the highest growth rate over the forecast period. The increasing disposable income and rising consumer spending on travel and accommodation will drive the region's growth.
Some of the notable players in the market are Atraveo GmbH, Hotels.com, MakeMyTrip Pvt. Ltd., Booking.com, Yatra Online Private Limited, HotelsCombined, Novasol AS, Homestay.com, 9flats.com, HomeToGo, TripAdvisor Inc., Hotwire, Inc., Tripping.com, Airbnb Inc., Expedia, Inc. Vrbo, Extra Holidays, Hotelplan Holding AG, Oravel Stays Pvt. Ltd., and Wyndham Destinations Inc. among others.
Report Description:
1. Introduction
1.1. Objectives of the Study
1.2. Market Definition
1.3. Research Scope
1.4. Currency
1.5. Key Target Audience
2. Research Methodology and Assumptions
3. Executive Summary
4. Premium Insights
4.1. Porter’s Five Forces Analysis
4.2. Value Chain Analysis
4.3. Top Investment Pockets
4.3.1. Market Attractiveness Analysis By Accommodation Type
4.3.2. Market Attractiveness Analysis By Booking Mode
4.3.3. Market Attractiveness Analysis By Region
4.4. Industry Trends
5. Market Dynamics
5.1. Market Evaluation
5.2. Drivers
5.2.1. The growing tourism industry and the increasing popularity of short-term rental properties
5.3. Restraints
5.3.1. Risks associated with fraudulent vacation rental houses, apartments, and homestays
5.4. Opportunities
5.4.1. The adoption of effective promotional strategies
5.4.2. Increasing awareness regarding services and offerings
5.5. Challenges
5.5.1. Rising cost
6. Global Vacation Rental Market Analysis and Forecast, By Accommodation Type
6.1. Segment Overview
6.2. Apartments
6.3. Home
6.4. Resort/Condominium
6.5. Others
7. Global Vacation Rental Market Analysis and Forecast, By Booking Mode
7.1. Segment Overview
7.2. Online
7.3. Offline
8. Global Vacation Rental Market Analysis and Forecast, By Regional Analysis
8.1. Segment Overview
8.2. North America
8.2.1. U.S.
8.2.2. Canada
8.2.3. Mexico
8.3. Europe
8.3.1. Germany
8.3.2. France
8.3.3. U.K.
8.3.4. Italy
8.3.5. Spain
8.4. Asia-Pacific
8.4.1. Japan
8.4.2. China
8.4.3. India
8.5. South America
8.5.1. Brazil
8.6. Middle East and Africa
8.6.1. UAE
8.6.2. South Africa
9. Global Vacation Rental Market-Competitive Landscape
9.1. Overview
9.2. Market Share of Key Players in Global Vacation Rental Market
9.2.1. Global Company Market Share
9.2.2. North America Company Market Share
9.2.3. Europe Company Market Share
9.2.4. APAC Company Market Share
9.3. Competitive Situations and Trends
9.3.1. Product Launches and Developments
9.3.2. Partnerships, Collaborations, and Agreements
9.3.3. Mergers & Acquisitions
9.3.4. Expansions
10. Company Profiles
10.1. Atraveo GmbH
10.1.1. Business Overview
10.1.2. Company Snapshot
10.1.3. Company Market Share Analysis
10.1.4. Company Product Portfolio
10.1.5. Recent Developments
10.1.6. SWOT Analysis
10.2. Hotels.com
10.2.1. Business Overview
10.2.2. Company Snapshot
10.2.3. Company Market Share Analysis
10.2.4. Company Product Portfolio
10.2.5. Recent Developments
10.2.6. SWOT Analysis
10.3. MakeMyTrip Pvt. Ltd.
10.3.1. Business Overview
10.3.2. Company Snapshot
10.3.3. Company Market Share Analysis
10.3.4. Company Product Portfolio
10.3.5. Recent Developments
10.3.6. SWOT Analysis
10.4. Booking.com
10.4.1. Business Overview
10.4.2. Company Snapshot
10.4.3. Company Market Share Analysis
10.4.4. Company Product Portfolio
10.4.5. Recent Developments
10.4.6. SWOT Analysis
10.5. Yatra Online Private Limited
10.5.1. Business Overview
10.5.2. Company Snapshot
10.5.3. Company Market Share Analysis
10.5.4. Company Product Portfolio
10.5.5. Recent Developments
10.5.6. SWOT Analysis
10.6. HotelsCombined
10.6.1. Business Overview
10.6.2. Company Snapshot
10.6.3. Company Market Share Analysis
10.6.4. Company Product Portfolio
10.6.5. Recent Developments
10.6.6. SWOT Analysis
10.7. HotelsCombined
10.7.1. Business Overview
10.7.2. Company Snapshot
10.7.3. Company Market Share Analysis
10.7.4. Company Product Portfolio
10.7.5. Recent Developments
10.7.6. SWOT Analysis
10.8. Homestay.com
10.8.1. Business Overview
10.8.2. Company Snapshot
10.8.3. Company Market Share Analysis
10.8.4. Company Product Portfolio
10.8.5. Recent Developments
10.8.6. SWOT Analysis
10.9. 9flats.com
10.9.1. Business Overview
10.9.2. Company Snapshot
10.9.3. Company Market Share Analysis
10.9.4. Company Product Portfolio
10.9.5. Recent Developments
10.9.6. SWOT Analysis
10.10. HomeToGo
10.10.1. Business Overview
10.10.2. Company Snapshot
10.10.3. Company Market Share Analysis
10.10.4. Company Product Portfolio
10.10.5. Recent Developments
10.10.6. SWOT Analysis
10.11. TripAdvisor Inc.
10.11.1. Business Overview
10.11.2. Company Snapshot
10.11.3. Company Market Share Analysis
10.11.4. Company Product Portfolio
10.11.5. Recent Developments
10.11.6. SWOT Analysis
10.12. Hotwire, Inc.
10.12.1. Business Overview
10.12.2. Company Snapshot
10.12.3. Company Market Share Analysis
10.12.4. Company Product Portfolio
10.12.5. Recent Developments
10.12.6. SWOT Analysis
10.13. Tripping.com
10.13.1. Business Overview
10.13.2. Company Snapshot
10.13.3. Company Market Share Analysis
10.13.4. Company Product Portfolio
10.13.5. Recent Developments
10.13.6. SWOT Analysis
10.14. Airbnb Inc.
10.14.1. Business Overview
10.14.2. Company Snapshot
10.14.3. Company Market Share Analysis
10.14.4. Company Product Portfolio
10.14.5. Recent Developments
10.14.6. SWOT Analysis
10.15. Expedia, Inc.
10.15.1. Business Overview
10.15.2. Company Snapshot
10.15.3. Company Market Share Analysis
10.15.4. Company Product Portfolio
10.15.5. Recent Developments
10.15.6. SWOT Analysis
10.16. Vrbo
10.16.1. Business Overview
10.16.2. Company Snapshot
10.16.3. Company Market Share Analysis
10.16.4. Company Product Portfolio
10.16.5. Recent Developments
10.16.6. SWOT Analysis
10.17. Extra Holidays
10.17.1. Business Overview
10.17.2. Company Snapshot
10.17.3. Company Market Share Analysis
10.17.4. Company Product Portfolio
10.17.5. Recent Developments
10.17.6. SWOT Analysis
10.18. Hotelplan Holding AG
10.18.1. Business Overview
10.18.2. Company Snapshot
10.18.3. Company Market Share Analysis
10.18.4. Company Product Portfolio
10.18.5. Recent Developments
10.18.6. SWOT Analysis
10.19. Oravel Stays Pvt. Ltd.
10.19.1. Business Overview
10.19.2. Company Snapshot
10.19.3. Company Market Share Analysis
10.19.4. Company Product Portfolio
10.19.5. Recent Developments
10.19.6. SWOT Analysis
10.20. Wyndham Destinations Inc.
10.20.1. Business Overview
10.20.2. Company Snapshot
10.20.3. Company Market Share Analysis
10.20.4. Company Product Portfolio
10.20.5. Recent Developments
10.20.6. SWOT Analysis
List of Table
1. Global Vacation Rental Market, By Accommodation Type, 2019-2032 (USD Billion)
2. Global Apartments, Vacation Rental Market, By Region, 2019-2032 (USD Billion)
3. Global Home, Vacation Rental Market, By Region, 2019-2032 (USD Billion)
4. Global Resort/Condominium, Vacation Rental Market, By Region, 2019-2032 (USD Billion)
5. Global Others, Vacation Rental Market, By Region, 2019-2032 (USD Billion)
6. Global Vacation Rental Market, By Booking Mode, 2019-2032 (USD Billion)
7. Global Online, Vacation Rental Market, By Region, 2019-2032 (USD Billion)
8. Global Offline, Vacation Rental Market, By Region, 2019-2032 (USD Billion)
9. Global Vacation Rental Market, By Region, 2019-2032 (USD Billion)
10. North America Vacation Rental Market, By Accommodation Type, 2019-2032 (USD Billion)
11. North America Vacation Rental Market, By Booking Mode, 2019-2032 (USD Billion)
12. U.S. Vacation Rental Market, By Accommodation Type, 2019-2032 (USD Billion)
13. U.S. Vacation Rental Market, By Booking Mode, 2019-2032 (USD Billion)
14. Canada Vacation Rental Market, By Accommodation Type, 2019-2032 (USD Billion)
15. Canada Vacation Rental Market, By Booking Mode, 2019-2032 (USD Billion)
16. Mexico Vacation Rental Market, By Accommodation Type, 2019-2032 (USD Billion)
17. Mexico Vacation Rental Market, By Booking Mode, 2019-2032 (USD Billion)
18. Europe Vacation Rental Market, By Accommodation Type, 2019-2032 (USD Billion)
19. Europe Vacation Rental Market, By Booking Mode, 2019-2032 (USD Billion)
20. Germany Vacation Rental Market, By Accommodation Type, 2019-2032 (USD Billion)
21. Germany Vacation Rental Market, By Booking Mode, 2019-2032 (USD Billion)
22. France Vacation Rental Market, By Accommodation Type, 2019-2032 (USD Billion)
23. France Vacation Rental Market, By Booking Mode 2019-2032 (USD Billion)
24. U.K. Vacation Rental Market, By Accommodation Type, 2019-2032 (USD Billion)
25. U.K. Vacation Rental Market, By Booking Mode 2019-2032 (USD Billion)
26. Italy Vacation Rental Market, By Accommodation Type, 2019-2032 (USD Billion)
27. Italy Vacation Rental Market, By Booking Mode 2019-2032 (USD Billion)
28. Spain Vacation Rental Market, By Accommodation Type, 2019-2032 (USD Billion)
29. Spain Vacation Rental Market, By Booking Mode 2019-2032 (USD Billion)
30. Asia Pacific Vacation Rental Market, By Accommodation Type, 2019-2032 (USD Billion)
31. Asia Pacific Vacation Rental Market, By Booking Mode 2019-2032 (USD Billion)
32. Japan Vacation Rental Market, By Accommodation Type, 2019-2032 (USD Billion)
33. Japan Vacation Rental Market, By Booking Mode 2019-2032 (USD Billion)
34. China Vacation Rental Market, By Accommodation Type, 2019-2032 (USD Billion)
35. China Vacation Rental Market, By Booking Mode 2019-2032 (USD Billion)
36. India Vacation Rental Market, By Accommodation Type, 2019-2032 (USD Billion)
37. India Vacation Rental Market, By Booking Mode 2019-2032 (USD Billion)
38. South America Vacation Rental Market, By Accommodation Type, 2019-2032 (USD Billion)
39. South America Vacation Rental Market, By Booking Mode 2019-2032 (USD Billion)
40. Brazil Vacation Rental Market, By Accommodation Type, 2019-2032 (USD Billion)
41. Brazil Vacation Rental Market, By Booking Mode 2019-2032 (USD Billion)
42. Middle East and Africa Vacation Rental Market, By Accommodation Type, 2019-2032 (USD Billion)
43. Middle East and Africa Vacation Rental Market, By Booking Mode 2019-2032 (USD Billion)
44. UAE Vacation Rental Market, By Accommodation Type, 2019-2032 (USD Billion)
45. UAE Vacation Rental Market, By Booking Mode 2019-2032 (USD Billion)
46. South Africa Vacation Rental Market, By Accommodation Type, 2019-2032 (USD Billion)
47. South Africa Vacation Rental Market, By Booking Mode 2019-2032 (USD Billion)
List of Figures
1. Global Vacation Rental Market Segmentation
2. Global Vacation Rental Market: Research Methodology
3. Market Size Estimation Methodology: Bottom-Up Approach
4. Market Size Estimation Methodology: Top-Down Approach
5. Data Triangulation
6. Porter’s Five Forces Analysis
7. Value Chain Analysis
8. Global Vacation Rental Market Attractiveness Analysis By Accommodation Type
9. Global Vacation Rental Market Attractiveness Analysis By Booking Mode
10. Global Vacation Rental Market Attractiveness Analysis By Region
11. Global Vacation Rental Market: Dynamics
12. Global Vacation Rental Market Share By Accommodation Type (2023 & 2032)
13. Global Vacation Rental Market Share By Booking Mode (2023 & 2032)
14. Global Vacation Rental Market Share By Regions (2023 & 2032)
15. Global Vacation Rental Market Share By Company (2022)
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