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Global Vacation Rentals Market Size, Share, Growth, Report: By Accommodation Type: Home, Apartments, Resort/Condominium, Others; By Price Range: Economic, Mid-Range, Luxury; By Booking Mode: Online, Offline; Regional Analysis; Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis; Competitive Landscape; 2024-2032
Global Vacation Rentals Market Outlook
The global vacation rentals market size reached approximately USD 90.20 billion in 2023. The market is projected to grow at a CAGR of 4.1% between 2024 and 2032, reaching a value of around USD 129.49 billion by 2032.
Key Trends in the Market
Vacation rentals refer to private accommodations that are rented out on a short-term basis to tourists and travellers. They usually include condominiums, cottages, apartments, and houses, among others. These rentals are equipped with various amenities such as kitchens and dining spaces, that are usually unavailable in traditional hotels. Vacation rentals are gaining popularity as they offer enhanced comfort, personalised service, and privacy as compared to hotels.
- The relatively economical nature of vacation rentals in comparison to hotel accommodations that offer similar amenities and services have bolstered their popularity among frequent travellers. Vacation rentals are not only affordable but also offer privacy and comfort along with a pet and kid-friendly environment.
- Rising popularity of wellness trips to transform one’s mind, body, and spirit and restore peace due to increasing lifestyle complexities is one of the significant vacation rentals market trends. Vacation rentals offer seclusion and privacy allowing individuals to embark on personal retreats.
- Increasing awareness about vacation rentals and the various facilities and services offered by them is another major factor augmenting the growth of the market. Rising emphasis on establishment of policies that ensure the safety of the tourists is further supporting the market expansion.
Vacation Rentals Market Segmentation
Based on accommodation type, the market is classified into home, apartments, and resort/ condominium, among others. On the basis of price range, the market is divided into economic, mid-range, and luxury. Based on booking mode, the market is bifurcated into online and offline. On the basis of region, the market segmentation includes North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the market, covering their competitive landscape and latest developments like mergers, acquisitions, investments, and expansion plans.
- 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
Vacation Rentals Market Analysis
Market Share by Accommodation Type
The home segment accounts for a significant vacation rentals market share owing to the cost-effectiveness of such space compared to hotels/hotel rooms and provision of basic amenities. Travellers are always on the lookout for spaces which are pocket friendly and safe. The economical nature of home accommodations available at various travel destinations and rural spots is bolstering their popularity among frequent travellers and tourists.
Resorts/ condominiums are expected to witness significant growth over the forecast period owing to the rising preference for lavish amenities such as barbeque pits, club house, and swimming pools for travel clubs.
Market Share by Booking Mode
Offline modes of booking account for a significant share of the market owing to the boomers and gen X constituting a major consumer base. The high disposable incomes of these generations and less knowledge of technology has them booking for stays through offline modes, boosting the segment expansion and vacation rentals market growth.
However, with the advancement of technology and increasing penetration of internet, booking through online modes is witnessing exponential growth. The growing popularity of these channels can also be attributed to the availability of discounts and lucrative deals across online booking platforms.
Competitive Landscape
Airbnb Inc., founded in 2008, is a vacation rental company that allows individuals to rent their properties to those looking for accommodations for a short period of time. The company is headquartered in California, United States, and is known for acting as a broker and charging a commission from each booking.
Expedia Inc., founded in 1996, is a travel technology company, headquartered in Washington, United States. The company is widely known for providing support related to planning and booking. They offer a wide selection of vacation packages that include hotel stays, activities, flights, cruises, and additional services.
Oravel Stays Limited, commonly known as OYO hotels and homes, is a multinational hospitality chain of franchised and leased living spaces, hotels, and homes. It was founded in 2013 and has its headquarters in Haryana, India. The company provides a platform for easy booking of affordable and reliable accommodation.
Other major players in the vacation rentals market include Awaze A/S, 9flats PTE. Limited, Wyndham Hotel Group, LLC, Hotelplan Group (MTCH AG), Booking Holdings Inc. (HotelsCombined), HomeToGo GmbH, and Tripadvisor LLC, among others.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Accommodation Type |
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| Breakup by Price Range |
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| Breakup by Booking Mode |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 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
Key Questions Answered in the Report
In 2023, the market reached an approximate value of USD 90.20 billion.
The market is projected to grow at a CAGR of 4.1% between 2024 and 2032.
The global market for vacation rentals is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach a value of around USD 129.49 billion by 2032.
The market is driven by growing penetration of the internet and rising influence of social media; improved comfort and personalised services offered by vacation rentals; and rising disposable income of the population.
The major vacation rentals market trends include cost effectiveness of accommodations available for renting and rising popularity of wellness trips.
The major regional markets are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The significant accommodation types include home, apartments, and resort/condominium, among others.
The key players in the market are 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, and Tripadvisor LLC, among others.
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