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Vacation Rentals Market Report and Forecast 2024-2032

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    Report

  • 188 Pages
  • April 2024
  • Region: Global
  • Expert Market Research
  • ID: 5960627
According to this report, the global vacation rentals market reached a value of USD 90.20 billion in 2023. Aided by the desire for more personalised, flexible, and authentic travel experiences, the market is projected to further grow at a CAGR of 4.1% between 2024 and 2032 to reach a value of USD 129.49 billion by 2032.

The demand has witnessed robust growth, reaching a noteworthy valuation in recent years. This growth is projected to continue at an impressive Compound Annual Growth Rate (CAGR) through the forecast period, driven by several pivotal factors.

Firstly, the shift towards personalised and experience-driven travel has significantly contributed to the vacation rentals market expansion. Travelers increasingly seek accommodations that offer a sense of home, privacy, and immersion in local culture, which vacation rentals provide. Secondly, technological advancements and the proliferation of online platforms have streamlined the booking process, making it easier for property owners to list their spaces and for travellers to find and reserve unique stays.

According to the vacation rentals market analysis, the global pandemic has altered travel preferences, with a growing inclination towards destinations within driving distance, longer stays, and accommodations that facilitate social distancing. Vacation rentals have emerged as a preferred choice for many, catering to the demand for safe, secluded, and fully equipped lodging options.

Sustainability and eco-conscious accommodations are also gaining traction, reflecting a broader societal shift towards environmentally responsible travel. Properties that emphasise green practices, energy efficiency, and minimal ecological impact are increasingly preferred by mindful travellers.

Government initiatives aimed at promoting tourism, such as marketing campaigns and infrastructure development, indirectly pose a positive impact on the vacation rentals market outlook by increasing destination attractiveness and accessibility.

Market Segmentation

The market can be divided based on accommodation type, price range, booking mode, and region.

Market Breakup by Accommodation Type

  • Home
  • Apartments
  • Resort/Condominium
  • Others

Market Breakup by Price Range

  • Economic
  • Mid-Range
  • Luxury

Market Breakup by Booking Mode

  • Online
  • Offline

Market Breakup by Region

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa

Competitive Landscape

The report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the global vacation rentals market. Some of the major players explored in the report are as follows:
  • Airbnb Inc.
  • Awaze A/S
  • Expedia, Inc.
  • Oravel Stays Limited
  • 9flats PTE. Limited
  • Wyndham Hotel Group, LLC
  • Hotelplan Group (MTCH AG)
  • Booking Holdings Inc. (HotelsCombined)
  • HomeToGo GmbH
  • Tripadvisor LLC
  • Others

Table of Contents

1 Preface2 Report Coverage - Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Vacation Rentals Market Analysis
8.1 Key Industry Highlights
8.2 Global Vacation Rentals Historical Market (2018-2023)
8.3 Global Vacation Rentals Market Forecast (2024-2032)
8.4 Global Vacation Rentals Market by Accommodation Type
8.4.1 Home
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Apartments
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.4.3 Resort/Condominium
8.4.3.1 Historical Trend (2018-2023)
8.4.3.2 Forecast Trend (2024-2032)
8.4.4 Others
8.5 Global Vacation Rentals Market by Price Range
8.5.1 Economic
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Mid-Range
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.5.3 Luxury
8.5.3.1 Historical Trend (2018-2023)
8.5.3.2 Forecast Trend (2024-2032)
8.6 Global Vacation Rentals Market by Booking Mode
8.6.1 Online
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Offline
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.7 Global Vacation Rentals Market by Region
8.7.1 North America
8.7.1.1 Historical Trend (2018-2023)
8.7.1.2 Forecast Trend (2024-2032)
8.7.2 Europe
8.7.2.1 Historical Trend (2018-2023)
8.7.2.2 Forecast Trend (2024-2032)
8.7.3 Asia Pacific
8.7.3.1 Historical Trend (2018-2023)
8.7.3.2 Forecast Trend (2024-2032)
8.7.4 Latin America
8.7.4.1 Historical Trend (2018-2023)
8.7.4.2 Forecast Trend (2024-2032)
8.7.5 Middle East and Africa
8.7.5.1 Historical Trend (2018-2023)
8.7.5.2 Forecast Trend (2024-2032)
9 North America Vacation Rentals Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Vacation Rentals Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Vacation Rentals Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Vacation Rentals Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Vacation Rentals Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 Airbnb Inc.
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 Awaze A/S
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 Expedia, Inc.
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 Oravel Stays Limited
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 9flats PTE. Limited
15.2.5.1 Company Overview
15.2.5.2 Product Portfolio
15.2.5.3 Demographic Reach and Achievements
15.2.5.4 Certifications
15.2.6 Wyndham Hotel Group, LLC
15.2.6.1 Company Overview
15.2.6.2 Product Portfolio
15.2.6.3 Demographic Reach and Achievements
15.2.6.4 Certifications
15.2.7 Hotelplan Group (MTCH AG)
15.2.7.1 Company Overview
15.2.7.2 Product Portfolio
15.2.7.3 Demographic Reach and Achievements
15.2.7.4 Certifications
15.2.8 Booking Holdings Inc. (HotelsCombined)
15.2.8.1 Company Overview
15.2.8.2 Product Portfolio
15.2.8.3 Demographic Reach and Achievements
15.2.8.4 Certifications
15.2.9 HomeToGo GmbH
15.2.9.1 Company Overview
15.2.9.2 Product Portfolio
15.2.9.3 Demographic Reach and Achievements
15.2.9.4 Certifications
15.2.10 Tripadvisor LLC
15.2.10.1 Company Overview
15.2.10.2 Product Portfolio
15.2.10.3 Demographic Reach and Achievements
15.2.10.4 Certifications
15.2.11 Others
16 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Vacation Rentals Market: Key Industry Highlights, 2018 and 2032
2. Global Vacation Rentals Historical Market: Breakup by Accommodation Type (USD Billion), 2018-2023
3. Global Vacation Rentals Market Forecast: Breakup by Accommodation Type (USD Billion), 2024-2032
4. Global Vacation Rentals Historical Market: Breakup by Price Range (USD Billion), 2018-2023
5. Global Vacation Rentals Market Forecast: Breakup by Price Range (USD Billion), 2024-2032
6. Global Vacation Rentals Historical Market: Breakup by Booking Mode (USD Billion), 2018-2023
7. Global Vacation Rentals Market Forecast: Breakup by Booking Mode (USD Billion), 2024-2032
8. Global Vacation Rentals Historical Market: Breakup by Region (USD Billion), 2018-2023
9. Global Vacation Rentals Market Forecast: Breakup by Region (USD Billion), 2024-2032
10. North America Vacation Rentals Historical Market: Breakup by Country (USD Billion), 2018-2023
11. North America Vacation Rentals Market Forecast: Breakup by Country (USD Billion), 2024-2032
12. Europe Vacation Rentals Historical Market: Breakup by Country (USD Billion), 2018-2023
13. Europe Vacation Rentals Market Forecast: Breakup by Country (USD Billion), 2024-2032
14. Asia Pacific Vacation Rentals Historical Market: Breakup by Country (USD Billion), 2018-2023
15. Asia Pacific Vacation Rentals Market Forecast: Breakup by Country (USD Billion), 2024-2032
16. Latin America Vacation Rentals Historical Market: Breakup by Country (USD Billion), 2018-2023
17. Latin America Vacation Rentals Market Forecast: Breakup by Country (USD Billion), 2024-2032
18. Middle East and Africa Vacation Rentals Historical Market: Breakup by Country (USD Billion), 2018-2023
19. Middle East and Africa Vacation Rentals Market Forecast: Breakup by Country (USD Billion), 2024-2032
20. Global Vacation Rentals Market Structure

Companies Mentioned

  • Airbnb Inc.
  • Awaze A/S
  • Expedia, Inc.
  • Oravel Stays Limited
  • 9flats PTE. Limited
  • Wyndham Hotel Group, LLC
  • Hotelplan Group (MTCH AG)
  • Booking Holdings Inc. (HotelsCombined)
  • HomeToGo GmbH
  • Tripadvisor LLC

Methodology

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