PUBLISHER: Grand View Research | PRODUCT CODE: 1986716
PUBLISHER: Grand View Research | PRODUCT CODE: 1986716
Vacation Rental Market Size, Share & Trends Analysis Report By Accommodation (Home, Apartments, Resort/Condominium), By Booking Mode (Online, Offline), By Region, And Segment Forecasts, 2026 - 2033
Vacation Rental Market Summary
The global vacation rental market size was estimated at USD 101.69 billion in 2025 and is projected to reach USD 121.94 billion by 2033, growing at a CAGR of 3.7% from 2026 to 2033. The rising expenditure on travel, vacations, and accommodation among millennials is driving market growth.
According to Copyrise, 200,000 million global tourists are millennials, and they spend around USD 180 billion on travel every year. In addition to demographic tailwinds, the market is benefiting from the rapid digitalization of booking channels and the growing preference for experiential travel over traditional hotel stays. Vacation rentals offer greater flexibility, privacy, and value for money, factors that resonate strongly with younger travelers as well as families and remote workers. The expansion of online travel platforms, improved payment infrastructure, and the integration of AI-driven pricing and property management tools are further streamlining operations for hosts and enhancing the end user booking experience.
Travelers are more inclined toward vacation rental properties than hotels, as these properties are affordable, offer a higher level of comfort & privacy, and are child and pet friendly. Low cost as compared to hotel accommodation with similar amenities drives the consumer's inclination toward such properties.
According to 2025 data, more than 35% of travelers now favor vacation rentals over traditional hotels, primarily because of their affordability, home-like amenities, enhanced privacy, and opportunities to experience local culture. In specific destinations such as Nuevo Vallarta, nearly 40% of visitors are choosing apartments or condominiums over hotel rooms, reflecting a noticeable shift in accommodation preferences toward more spacious, flexible lodging options.
The normalization of remote and hybrid work models has significantly strengthened demand in short-term rental markets, particularly for mid-term and extended stays of 30 days or more. Digital nomads, freelancers, and corporate employees working flexibly are increasingly choosing fully furnished apartments and homes over hotels, as they offer better workspace setups, reliable high-speed internet, kitchen facilities, and greater cost efficiency for longer durations. This shift has prompted hosts in short-term rental markets to upgrade properties with work-friendly amenities such as dedicated desks and ergonomic seating, positioning vacation rentals as an attractive solution for location-independent professionals seeking both productivity and lifestyle flexibility.
Evolving traveler preferences are significantly reshaping the holiday rental market, as guests increasingly prioritize personalized and authentic experiences over standardized hotel stays. Younger travelers are seeking accommodation that reflects local culture, provides distinctive design elements, and offers immersive community connections. As a result, demand is rising for unique and themed properties, including eco-friendly homes, luxury villas, boutique-style apartments, and culturally immersive stays, positioning holiday rentals as experience-driven alternatives rather than places to stay.
Global Vacation Rental Market Report Segmentation
This report forecasts revenue growth at the global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2021 to 2033. For this study, Grand View Research has segmented the global vacation rental market report based on accommodation, booking mode, and region.
- Accommodation Outlook (Revenue, USD Billion, 2021 - 2033)
- Home
- Apartments
- Resort/Condominium
- Others
- Booking Mode Outlook (Revenue, USD Billion, 2021 - 2033)
- Offline
- Online
- Regional Outlook (Revenue, USD Billion, 2021 - 2033)
- North America
- U.S.
- Canada
- Europe
- Germany
- UK
- France
- Asia Pacific
- China
- Japan
- Australia
- Central & South America
- Brazil
- Middle East & Africa
- Saudi Arabia
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation & Scope
- 1.2. Market Definition
- 1.3. Information Procurement
- 1.3.1. Purchased Database
- 1.3.2. GVR's Internal Database
- 1.3.3. Secondary Sources & Third-Party Perspectives
- 1.3.4. Primary Research
- 1.4. Information Analysis
- 1.4.1. Data Analysis Models
- 1.5. Market Formulation & Data Visualization
- 1.6. Data Validation & Publishing
Chapter 2. Executive Summary
- 2.1. Market Outlook
- 2.2. Accommodation Outlook
- 2.3. Booking Mode Outlook
- 2.4. Regional Outlook
Chapter 3. Vacation Rental Market Variables, Trends & Scope
- 3.1. Market Lineage Outlook
- 3.2. Industry Value Chain Analysis
- 3.2.1. Booking Channel Analysis
- 3.2.2. Regulatory Trends
- 3.3. Market Dynamics
- 3.3.1. Market Driver Analysis
- 3.3.2. Market Restraint Analysis
- 3.3.3. Market Opportunities
- 3.3.4. Market Challenges
- 3.4. Industry Analysis - Porter's Five Forces Analysis
- 3.5. Market Entry Strategies
Chapter 4. Vacation Rental Market: Consumer Behavior Analysis
- 4.1. Demographic Analysis
- 4.2. Consumer Trends & Preferences
- 4.3. Factors Influencing Buying Behavior
- 4.4. Consumer Service Adoption Trends
- 4.5. Key Observations & Findings
Chapter 5. Vacation Rental Market: Accommodation Estimates & Trend Analysis
- 5.1. Vacation Rental Market, By Accommodation: Key Takeaways
- 5.2. Accommodation Movement Analysis & Market Share, 2025 & 2033
- 5.3. Market Estimates & Forecasts, by Accommodation, 2021 - 2033 (USD Billion)
- 5.4. Home
- 5.4.1. Market estimates and forecast, 2021 - 2033 (USD Billion)
- 5.5. Apartments
- 5.5.1. Market estimates and forecast, 2021 - 2033 (USD Billion)
- 5.6. Resort/Condominium
- 5.6.1. Market estimates and forecast, 2021 - 2033 (USD Billion)
- 5.7. Others
- 5.7.1. Market estimates and forecast, 2021 - 2033 (USD Billion)
Chapter 6. Vacation Rental Market: Booking Mode Estimates & Trend Analysis
- 6.1. Vacation Rental Market, By Booking Mode: Key Takeaways
- 6.2. Booking Mode Movement Analysis & Market Share, 2025 & 2033
- 6.3. Market Estimates & Forecasts, by Booking Mode, 2021 - 2033 (USD Billion)
- 6.4. Online
- 6.4.1. Market estimates and forecast, 2021 - 2033 (USD Billion)
- 6.5. Offline
- 6.5.1. Market estimates and forecast, 2021 - 2033 (USD Billion)
Chapter 7. Vacation Rental Market: Regional Estimates & Trend Analysis
- 7.1. Culinary Tourism Market: Regional Outlook
- 7.2. Regional Movement Analysis & Market Share, 2025 & 2033
- 7.3. Market Estimates & Forecasts, by Region & Country, 2021 - 2033 (USD Billion)
- 7.4. North America
- 7.4.1. Market estimates and forecast, 2021 - 2033 (USD Billion)
- 7.4.2. U.S.
- 7.4.2.1. Key country dynamics
- 7.4.2.2. Market estimates and forecast, 2021 - 2033 (USD Billion)
- 7.4.3. Canada
- 7.4.3.1. Key country dynamics
- 7.4.3.2. Market estimates and forecast, 2021 - 2033 (USD Billion)
- 7.5. Europe
- 7.5.1. Market estimates and forecast, 2021 - 2033 (USD Billion)
- 7.5.2. Germany
- 7.5.2.1. Key country dynamics
- 7.5.2.2. Market estimates and forecast, 2021 - 2033 (USD Billion)
- 7.5.3. UK
- 7.5.3.1. Key country dynamics
- 7.5.3.2. Market estimates and forecast, 2021 - 2033 (USD Billion)
- 7.5.4. France
- 7.5.4.1. Key country dynamics
- 7.5.4.2. Market estimates and forecast, 2021 - 2033 (USD Billion)
- 7.6. Asia Pacific
- 7.6.1. Market estimates and forecast, 2021 - 2033 (USD Billion)
- 7.6.2. China
- 7.6.2.1. Key country dynamics
- 7.6.2.2. Market estimates and forecast, 2021 - 2033 (USD Billion)
- 7.6.3. Japan
- 7.6.3.1. Key country dynamics
- 7.6.3.2. Market estimates and forecast, 2021 - 2033 (USD Billion)
- 7.6.4. Australia
- 7.6.4.1. Key country dynamics
- 7.6.4.2. Market estimates and forecast, 2021 - 2033 (USD Billion)
- 7.7. Central & South America
- 7.7.1. Market estimates and forecast, 2021 - 2033 (USD Billion)
- 7.7.2. Brazil
- 7.7.2.1. Key country dynamics
- 7.7.2.2. Market estimates and forecast, 2021 - 2033 (USD Billion)
- 7.8. Middle East & Africa
- 7.8.1. Market estimates and forecast, 2021 - 2033 (USD Billion)
- 7.8.2. Saudi Arabia
- 7.8.2.1. Key country dynamics
- 7.8.2.2. Market estimates and forecast, 2021 - 2033 (USD Billion)
Chapter 8. Competitive Analysis
- 8.1. Recent developments & impact analysis, by key market participants
- 8.2. Company Categorization
- 8.3. Participant's Overview
- 8.4. Financial Performance
- 8.5. Product Benchmarking
- 8.6. Company Market Share Analysis, 2025 (%)
- 8.7. Company Heat Map Analysis
- 8.8. Strategy Mapping
- 8.9. Company Profiles
- 8.9.1. 9flats.com Pte Ltd.
- 8.9.1.1. Company Overview
- 8.9.1.2. Financial Performance
- 8.9.1.3. Service Portfolios
- 8.9.1.4. Strategic Initiatives
- 8.9.2. Airbnb Inc.
- 8.9.2.1. Company Overview
- 8.9.2.2. Financial Performance
- 8.9.2.3. Service Portfolios
- 8.9.2.4. Strategic Initiatives
- 8.9.3. Booking Holdings, Inc.
- 8.9.3.1. Company Overview
- 8.9.3.2. Financial Performance
- 8.9.3.3. Service Portfolios
- 8.9.3.4. Strategic Initiatives
- 8.9.4. Expedia Group, Inc.
- 8.9.4.1. Company Overview
- 8.9.4.2. Financial Performance
- 8.9.4.3. Service Portfolios
- 8.9.4.4. Strategic Initiatives
- 8.9.5. Hotelplan Holding AG
- 8.9.5.1. Company Overview
- 8.9.5.2. Financial Performance
- 8.9.5.3. Service Portfolios
- 8.9.5.4. Strategic Initiatives
- 8.9.6. MakeMyTrip Pvt. Ltd.
- 8.9.6.1. Company Overview
- 8.9.6.2. Financial Performance
- 8.9.6.3. Service Portfolios
- 8.9.6.4. Strategic Initiatives
- 8.9.7. NOVASOL AS
- 8.9.7.1. Company Overview
- 8.9.7.2. Financial Performance
- 8.9.7.3. Service Portfolios
- 8.9.7.4. Strategic Initiatives
- 8.9.8. Oravel Stays Pvt Ltd.
- 8.9.8.1. Company Overview
- 8.9.8.2. Financial Performance
- 8.9.8.3. Service Portfolios
- 8.9.8.4. Strategic Initiatives
- 8.9.9. TripAdvisor Inc.
- 8.9.9.1. Company Overview
- 8.9.9.2. Financial Performance
- 8.9.9.3. Service Portfolios
- 8.9.9.4. Strategic Initiatives
- 8.9.10. Wyndham Destinations, Inc.
- 8.9.10.1. Company Overview
- 8.9.10.2. Financial Performance
- 8.9.10.3. Service Portfolios
- 8.9.10.4. Strategic Initiatives
- 8.9.1. 9flats.com Pte Ltd.
List of Tables
- 1. Vacation rental market - Key market driver analysis
- 2. Vacation rental market - Key market restraint analysis
- 3. Home rental market estimates and forecast, 2021 - 2033 (USD Billion)
- 4. Apartment rental market estimates and forecast, 2021 - 2033 (USD Billion)
- 5. Resort/condominium rental market estimates and forecast, 2021 - 2033 (USD Billion)
- 6. Other vacation rental market estimates and forecast, 2021 - 2033 (USD Billion)
- 7. Vacation rental market estimates & forecast, through offline booking mode, 2021 - 2033 (USD Billion)
- 8. Vacation rental market estimates & forecast, through online booking mode, 2021 - 2033 (USD Billion)
- 9. North America vacation rental market estimates and forecast, 2021 - 2033 (USD Billion)
- 10. North America vacation rental market revenue estimates and forecast by accommodation, 2021 - 2033 (USD Billion)
- 11. North America vacation rental market revenue estimates and forecast by booking mode, 2021 - 2033 (USD Billion)
- 12. U.S. macro-economic outlay
- 13. U.S. vacation rental market estimates and forecast, 2021 - 2033 (USD Billion)
- 14. U.S. vacation rental market revenue estimates and forecast by accommodation, 2021 - 2033 (USD Billion)
- 15. U.S. vacation rental market revenue estimates and forecast by booking mode, 2021 - 2033 (USD Billion)
- 16. Canada macro-economic outlay
- 17. Canada vacation rental market estimates and forecast, 2021 - 2033 (USD Billion)
- 18. Canada vacation rental market revenue estimates and forecast by accommodation, 2021 - 2033 (USD Billion)
- 19. Canada vacation rental market revenue estimates and forecast by booking mode, 2021 - 2033 (USD Billion)
- 20. Europe macro-economic outlay
- 21. Europe vacation rental market estimates and forecast, 2021 - 2033 (USD Billion)
- 22. Europe vacation rental market revenue estimates and forecast by accommodation, 2021 - 2033 (USD Billion)
- 23. Europe vacation rental market revenue estimates and forecast by booking mode, 2021 - 2033 (USD Billion)
- 24. Germany macro-economic outlay
- 25. Germany vacation rental market estimates and forecast, 2021 - 2033 (USD Billion)
- 26. Germany vacation rental market revenue estimates and forecast by accommodation, 2021 - 2033 (USD Billion)
- 27. Germany vacation rental market revenue estimates and forecast by booking mode, 2021 - 2033 (USD Billion)
- 28. UK macro-economic outlay
- 29. UK vacation rental market estimates and forecast, 2021 - 2033 (USD Billion)
- 30. UK vacation rental market revenue estimates and forecast by accommodation, 2021 - 2033 (USD Billion)
- 31. UK vacation rental market revenue estimates and forecast by booking mode, 2021 - 2033 (USD Billion)
- 32. France macro-economic outlay
- 33. France vacation rental market estimates and forecast, 2021 - 2033 (USD Billion)
- 34. France vacation rental market revenue estimates and forecast by accommodation, 2021 - 2033 (USD Billion)
- 35. France vacation rental market revenue estimates and forecast by booking mode, 2021 - 2033 (USD Billion)
- 36. Asia Pacific vacation rental market estimates and forecast, 2021 - 2033 (USD Billion)
- 37. Asia Pacific vacation rental market revenue estimates and forecast by accommodation, 2021 - 2033 (USD Billion)
- 38. China macro-economic outlay
- 39. China vacation rental market estimates and forecast, 2021 - 2033 (USD Billion)
- 40. China vacation rental market revenue estimates and forecast by accommodation, 2021 - 2033 (USD Billion)
- 41. China vacation rental market revenue estimates and forecast by packaging, 2021 - 2033 (USD Billion)
- 42. China vacation rental market revenue estimates and forecast by booking mode, 2021 - 2033 (USD Billion)
- 43. Japan macro-economic outlay
- 44. Japan vacation rental market estimates and forecast, 2021 - 2033 (USD Billion)
- 45. Japan vacation rental market revenue estimates and forecast by accommodation, 2021 - 2033 (USD Billion)
- 46. Japan vacation rental market revenue estimates and forecast by booking mode, 2021 - 2033 (USD Billion)
- 47. Australia macro-economic outlay
- 48. Australia vacation rental market estimates and forecast, 2021 - 2033 (USD Billion)
- 49. Australia vacation rental market revenue estimates and forecast by accommodation, 2021 - 2033 (USD Billion)
- 50. Australia vacation rental market revenue estimates and forecast by booking mode, 2021 - 2033 (USD Billion)
- 51. Central & South America vacation rental market estimates and forecast, 2021 - 2033 (USD Billion)
- 52. Central & South America vacation rental market revenue estimates and forecast by accommodation, 2021 - 2033 (USD Billion)
- 53. Central & South America vacation rental market revenue estimates and forecast by booking mode, 2021 - 2033 (USD Billion)
- 54. Brazil macro-economic outlay
- 55. Brazil vacation rental market estimates and forecast, 2021 - 2033 (USD Billion)
- 56. Brazil vacation rental market revenue estimates and forecast by accommodation, 2021 - 2033 (USD Billion)
- 57. Brazil vacation rental market revenue estimates and forecast by booking mode, 2021 - 2033 (USD Billion)
- 58. Middle East & Africa vacation rental market estimates and forecast, 2021 - 2033 (USD Billion)
- 59. Middle East & Africa vacation rental market revenue estimates and forecast by accommodation, 2021 - 2033 (USD Billion)
- 60. Middle East & Africa vacation rental market revenue estimates and forecast by booking mode, 2021 - 2033 (USD Billion)
- 61. Saudi Arabia macro-economic outlay
- 62. Saudi Arabia vacation rental market estimates and forecast, 2021 - 2033 (USD Billion)
- 63. Saudi Arabia vacation rental market revenue estimates and forecast by accommodation, 2021 - 2033 (USD Billion)
- 64. Saudi Arabia vacation rental market revenue estimates and forecast by booking mode, 2021 - 2033 (USD Billion)
- 65. Key company categorization
- 66. Company market share analysis, 2025
- 67. Strategic framework
List of Figures
- 1. Vacation rental market snapshot
- 2. Vacation rental market segmentation & scope
- 3. Vacation rental market penetration & growth prospect mapping
- 4. Vacation rental market value chain analysis
- 5. Vacation rental market dynamics
- 6. Vacation rental market Porter's Five Forces analysis
- 7. Vacation rental market: Accommodation movement analysis, 2025 & 2033 (%)
- 8. Home rental market estimates and forecast, 2021 - 2033 (USD Billion)
- 9. Apartment rental market estimates and forecast, 2021 - 2033 (USD Billion)
- 10. Resort/condominium rental market estimates and forecast, 2021 - 2033 (USD Billion)
- 11. Other vacation rental market estimates and forecast, 2021 - 2033 (USD Billion)
- 12. Vacation rental market estimates & forecast, by booking mode, 2021 - 2033 (USD Billion)
- 13. Vacation rental market estimates & forecast, through offline booking mode, 2021 - 2033 (USD Billion)
- 14. Vacation rental market estimates & forecast, through online booking mode, 2021 - 2033 (USD Billion)
- 15. Vacation rental products market: Regional movement analysis, 2025 & 2033 (%)
- 16. North America vacation rental market estimates and forecast, 2021 - 2033 (USD Billion)
- 17. U.S. vacation rental market estimates and forecast, 2021 - 2033 (USD Billion)
- 18. Canada vacation rental market estimates and forecast, 2021 - 2033 (USD Billion)
- 19. Europe vacation rental market estimates and forecast, 2021 - 2033 (USD Billion)
- 20. Germany vacation rental market estimates and forecast, 2021 - 2033 (USD Billion)
- 21. UK vacation rental market estimates and forecast, 2021 - 2033 (USD Billion)
- 22. France vacation rental market estimates and forecast, 2021 - 2033 (USD Billion)
- 23. Asia Pacific vacation rental market estimates and forecast, 2021 - 2033 (USD Billion)
- 24. China vacation rental market estimates and forecast, 2021 - 2033 (USD Billion)
- 25. Japan vacation rental market estimates and forecast, 2021 - 2033 (USD Billion)
- 26. Australia vacation rental market estimates and forecast, 2021 - 2033 (USD Billion)
- 27. Central & South America vacation rental market estimates and forecast, 2021 - 2033 (USD Billion)
- 28. Brazil vacation rental market estimates and forecast, 2021 - 2033 (USD Billion)
- 29. Middle East & Africa vacation rental market estimates and forecast, 2021 - 2033 (USD Billion)
- 30. Saudi Arabia vacation rental market estimates and forecast, 2021 - 2033 (USD Billion)
- 31. Key company categorization
- 32. Company market share analysis, 2025 (%)
- 33. Strategic framework
