PUBLISHER: Grand View Research | PRODUCT CODE: 2018363
PUBLISHER: Grand View Research | PRODUCT CODE: 2018363
U.S. Short-term Vacation Rental Market Size, Share & Trends Analysis Report By Accommodation Type (Homes, Apartments, Condominium, Cottages, Themed Properties), By Booking Mode (Online, Offline), And Segment Forecasts, 2026 - 2033
U.S. Short-term Vacation Rental Market Summary
The U.S. short-term vacation rental market size was estimated at USD 72.00 billion in 2025 and is projected to reach USD 125.14 billion by 2033, growing at a CAGR of 7.3% from 2026 to 2033. Increasing domestic travel demand in the U.S. has significantly driven the market growth, as more Americans are choosing local and regional trips for leisure, weekend getaways, and family vacations.
This has increased the demand for private accommodations that offer flexibility and comfort. At the same time, cost advantages for groups and families have further supported market expansion, as vacation rentals often offer larger living spaces, multiple bedrooms, and kitchen facilities at a lower overall cost than booking several hotel rooms.
Short-term vacation rentals have become a significant contributor to the U.S. economy. The revenue generated from rental bookings supports local economies by creating jobs, fostering tourism, and contributing to the hospitality sector. For property owners, hosting short-term rentals offers an attractive income opportunity, with many generating substantial earnings through these platforms. This economic boost is not limited to hosts; it extends to local businesses that cater to tourists, such as restaurants, shops, and transportation services. Moreover, many hosts use rental income to offset mortgage payments and housing costs, or to supplement retirement savings, thereby contributing to financial well-being.
Travelers in the U.S. are increasingly seeking accommodations that offer a more personalized, home-like experience than traditional hotels. Short-term vacation rentals provide larger living spaces, kitchens, and greater privacy, making them particularly appealing for families and groups. As a result, many travelers prefer booking homes, apartments, and villas through platforms such as Airbnb and Vrbo, which offer diverse property options and flexible stays. Consumer surveys in 2025 show that travelers value space, privacy, and home-like amenities when choosing vacation rentals. About 82% of vacation rental guests reported high satisfaction, compared with 68% of hotel guests, mainly due to larger living areas, kitchens, and the ability to cook during longer stays.
Demand for luxury and premium vacation rentals is increasing as affluent travelers seek exclusive, high-quality accommodation. High-end villas, waterfront homes, and premium vacation properties are becoming increasingly popular among travelers seeking privacy, premium amenities, and personalized services. This trend is encouraging property owners and management companies to invest in upscale properties and enhanced guest experiences.
U.S. Short-Term Vacation Rental Market Report Segmentation
This report forecasts revenue growth at the 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 U.S. short-term vacation rental market report based on accommodation type, and booking mode:
- Accommodation Type Outlook (Revenue, USD Million, 2021 - 2033)
- Homes
- Apartments
- Condominium
- Others (Cabins and Cottages, Themed Properties, etc.)
- Booking Mode Outlook (Revenue, USD Million, 2021 - 2033)
- Online/Platform-Based
- Offline
- Accommodation Type x Booking Mode Outlook (Revenue, USD Million, 2021 - 2033)
- Homes
- Online/Platform-based
- Offline
- Apartments
- Online/Platform-based
- Offline
- Condominium
- Online/Platform-based
- Offline
- Others
- Online/Platform-based
- Offline
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 Materials & 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 Snapshot
- 2.2. Accommodation Type Outlook
- 2.3. Booking Mode Outlook
- 2.4. Competitive Landscape Snapshot
Chapter 3. U.S. Short-term Vacation Rental Market Variables and Trends
- 3.1. Market Lineage Outlook
- 3.2. Industry Value Chain Analysis
- 3.2.1. Booking Mode Analysis and 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 Tools
- 3.4.1. Porter's Five Forces Analysis
Chapter 4. U.S. Short-term Vacation Rental Market: Consumer Behavior Analysis
- 4.1. Demographic Analysis
- 4.2. Consumer Trends & Preferences
- 4.3. Factors Affecting Buying Decisions
- 4.4. Consumer Service Adoption
- 4.5. Observations & Recommendations
Chapter 5. U.S. Short-term Vacation Rental Market: Accommodation Type Estimates & Trend Analysis
- 5.1. U.S. Short-term Vacation Rental Market, By Accommodation Type: Key Takeaways
- 5.2. Accommodation Type Movement Analysis & Market Share, 2025 & 2033
- 5.3. Market Estimates & Forecasts, by Accommodation Type, 2021 - 2033 (USD Billion)
- 5.3.1. Homes
- 5.3.1.1. Market estimates and forecast, 2021 - 2033 (USD Billion)
- 5.3.2. Apartments
- 5.3.2.1. Market estimates and forecast, 2021 - 2033 (USD Billion)
- 5.3.3. Condominium
- 5.3.3.1. Market estimates and forecast, 2021 - 2033 (USD Billion)
- 5.3.4. Others (Cabins and Cottages, Themed Properties, etc.)
- 5.3.4.1. Market estimates and forecast, 2021 - 2033 (USD Billion)
- 5.3.1. Homes
Chapter 6. U.S. Short-term Vacation Rental Market: Booking Mode Estimates & Trend Analysis
- 6.1. U.S. Short-term 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)
- 6.3.1. Online/Platform-Based
- 6.3.1.1. Market estimates and forecast, 2021 - 2033 (USD Billion)
- 6.3.2. Offline
- 6.3.2.1. Market estimates and forecast, 2021 - 2033 (USD Billion)
- 6.3.1. Online/Platform-Based
Chapter 7. U.S. Short-term Vacation Rental Market: Accommodation Type x Booking Mode Estimates & Trend Analysis
- 7.1. U.S. Short-term Vacation Rental Market, By Accommodation Type x Booking Mode: Key Takeaways
- 7.2. Accommodation Type x Booking Mode Movement Analysis & Market Share, 2025 & 2033
- 7.3. Market Estimates & Forecasts, by Accommodation Type x Booking Mode, 2021 - 2033 (USD Billion)
- 7.3.1. Homes
- 7.3.1.1. Market estimates and forecast, 2021 - 2033 (USD Billion)
- 7.3.1.2. Online/Platform-based
- 7.3.1.2.1. Market estimates and forecast, 2021 - 2033 (USD Billion)
- 7.3.1.3. Offline
- 7.3.1.3.1. Market estimates and forecast, 2021 - 2033 (USD Billion)
- 7.3.2. Apartments
- 7.3.2.1. Market estimates and forecast, 2021 - 2033 (USD Billion)
- 7.3.2.2. Online/Platform-based
- 7.3.2.2.1. Market estimates and forecast, 2021 - 2033 (USD Billion)
- 7.3.2.3. Offline
- 7.3.2.3.1. Market estimates and forecast, 2021 - 2033 (USD Billion)
- 7.3.3. Condominium
- 7.3.3.1. Market estimates and forecast, 2021 - 2033 (USD Billion)
- 7.3.3.2. Online/Platform-based
- 7.3.3.2.1. Market estimates and forecast, 2021 - 2033 (USD Billion)
- 7.3.3.3. Offline
- 7.3.3.3.1. Market estimates and forecast, 2021 - 2033 (USD Billion)
- 7.3.4. Others
- 7.3.4.1. Market estimates and forecast, 2021 - 2033 (USD Billion)
- 7.3.4.2. Online/Platform-based
- 7.3.4.2.1. Market estimates and forecast, 2021 - 2033 (USD Billion)
- 7.3.4.3. Offline
- 7.3.4.3.1. Market estimates and forecast, 2021 - 2033 (USD Billion)
- 7.3.1. Homes
Chapter 8. U.S. Short-term Vacation Rental Market: 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. Service Benchmarking
- 8.6. Company Market Share Analysis, 2025 (%)
- 8.7. Company Heat Map Analysis, 2025
- 8.8. Strategy Mapping
- 8.9. Company Profiles
- 8.9.1. Extended Stay America
- 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. AvantStay, 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. Airbnb, 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. Booking Holdings 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. Expedia, Inc.
- 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. Evolve Vacation Rental.
- 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. Vacasa LLC
- 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. Sonder Holdings Inc.
- 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. Wyndham Destinations, 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. NOVASOL A/S
- 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. Extended Stay America
List of Tables
- Table 1 U.S. short-term vacation rental market: Key market driver analysis
- Table 2 U.S. short-term vacation rental market: Key market restraint analysis
- Table 3 U.S. short-term vacation rental market estimates & forecast, 2021 - 2033, by accommodation type (USD Billion)
- Table 4 U.S. short-term vacation rental homes market estimates & forecasts, 2021 - 2033 (USD Billion)
- Table 5 U.S. short-term vacation rental apartments market estimates & forecasts, 2021 - 2033 (USD Billion)
- Table 6 U.S. short-term vacation rental condominium market estimates & forecasts, 2021 - 2033 (USD Billion)
- Table 7 Other short-term vacation rentals market for estimates & forecasts, 2021 - 2033 (USD Billion)
- Table 8 U.S. short-term vacation rental market estimates & forecast, 2021 - 2033, by booking mode (USD Billion)
- Table 9 U.S. short-term vacation rental market estimates & forecasts through online/platform-based channels, 2021 - 2033 (USD Billion)
- Table 10 U.S. short-term vacation rental market estimates & forecasts through offline channels, 2021 - 2033 (USD Billion)
- Table 11 U.S. short-term vacation rental market estimates & forecast, 2021 - 2033, by accommodation type x booking mode (USD Billion)
- Table 12 U.S. short-term vacation rental homes market estimates & forecasts, through online/ platform-based, 2021 - 2033 (USD Billion)
- Table 13 U.S. short-term vacation rental homes market estimates & forecasts, through offline, 2021 - 2033 (USD Billion)
- Table 14 U.S. short-term vacation rental apartments market estimates & forecasts, through online/ platform-based, 2021 - 2033 (USD Billion)
- Table 15 U.S. short-term vacation rental apartments market estimates & forecasts, through offline, 2021 - 2033 (USD Billion)
- Table 16 U.S. short-term vacation rental condominium market estimates & forecasts, through online/ platform-based, 2021 - 2033 (USD Billion)
- Table 17 U.S. short-term vacation rental condominium market estimates & forecasts, through offline, 2021 - 2033 (USD Billion)
- Table 18 U.S. other short-term vacation rental market estimates & forecasts, through online/ platform-based, 2021 - 2033 (USD Billion)
- Table 19 U.S. other short-term vacation rental homes market estimates & forecasts, through offline, 2021 - 2033 (USD Billion)
- Table 20 Recent developments & impact analysis, by key market participants
- Table 21 Company market share, 2025 (%)
- Table 22 Company heat map analysis, 2025
- Table 23 Companies implementing key strategies
List of Figures
- Fig. 1 U.S. short-term vacation rental market segmentation
- Fig. 2 Information procurement
- Fig. 3 Primary research pattern
- Fig. 4 Primary research approaches
- Fig. 5 Primary research process
- Fig. 6 Market snapshot
- Fig. 7 Segment snapshot
- Fig. 8 Regional snapshot
- Fig. 9 Competitive landscape Snapshot
- Fig. 10 Parent industry and U.S. short-term vacation rental market size, 2024 (USD Billion)
- Fig. 11 U.S. short-term vacation rental market: Value chain analysis
- Fig. 12 U.S. short-term vacation rental market: Dynamics
- Fig. 13 U.S. short-term vacation rental market: Porter's five forces analysis
- Fig. 14 U.S. short-term vacation rental market, by accommodation type: Key takeaways
- Fig. 15 U.S. short-term vacation rental market: accommodation type movement analysis, 2025 & 2033 (%)
- Fig. 16 U.S. short-term vacation rental homes market estimates & forecasts, 2021 - 2033 (USD Billion)
- Fig. 17 U.S. short-term vacation rental apartments market estimates & forecasts, 2021 - 2033 (USD Billion)
- Fig. 18 U.S. short-term vacation rental condominium market estimates & forecasts, 2021 - 2033 (USD Billion)
- Fig. 19 Other short-term vacation rentals market for estimates & forecasts, 2021 - 2033 (USD Billion)
- Fig. 20 U.S. short-term vacation rental market, by booking mode: Key takeaways
- Fig. 21 U.S. short-term vacation rental market: booking mode movement analysis, 2025 & 2033 (%)
- Fig. 22 U.S. short-term vacation rental market estimates & forecasts through online/platform-based channels, 2021 - 2033 (USD Billion)
- Fig. 23 U.S. short-term vacation rental market estimates & forecasts through offline channels, 2021 - 2033 (USD Billion)
- Fig. 24 U.S. short-term vacation rental market, by accommodation type x booking mode: Key takeaways
- Fig. 25 U.S. short-term vacation rental market: accommodation type x booking mode movement analysis, 2025 & 2033 (%)
- Fig. 26 U.S. short-term vacation rental homes market estimates & forecasts, through online/ platform-based, 2021 - 2033 (USD Billion)
- Fig. 27 U.S. short-term vacation rental homes market estimates & forecasts, through offline, 2021 - 2033 (USD Billion)
- Fig. 28 U.S. short-term vacation rental apartments market estimates & forecasts, through online/ platform-based, 2021 - 2033 (USD Billion)
- Fig. 29 U.S. short-term vacation rental apartments market estimates & forecasts, through offline, 2021 - 2033 (USD Billion)
- Fig. 30 U.S. short-term vacation rental condominium market estimates & forecasts, through online/ platform-based, 2021 - 2033 (USD Billion)
- Fig. 31 U.S. short-term vacation rental condominium market estimates & forecasts, through offline, 2021 - 2033 (USD Billion)
- Fig. 32 U.S. other short-term vacation rental market estimates & forecasts, through online/ platform-based, 2021 - 2033 (USD Billion)
- Fig. 33 U.S. other short-term vacation rental market estimates & forecasts, through offline, 2021 - 2033 (USD Billion)
- Fig. 34 Key company categorization
- Fig. 35 Company market share analysis, 2025
- Fig. 36 The strategic framework of the U.S. short-term vacation rental market
