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PUBLISHER: Grand View Research | PRODUCT CODE: 1321509

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PUBLISHER: Grand View Research | PRODUCT CODE: 1321509

Vacation Rental Market Size, Share & Trends Analysis Report By Booking Mode (Online, Offline), By Accommodation Type (Home, Resort/Condominium), By Region (Asia Pacific, North America), And Segment Forecasts, 2023 - 2030

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Vacation Rental Market Growth & Trends

The global vacation rental market size is projected to reach USD 119.01 billion by 2030 and is expected to grow at a CAGR of 4.7% from 2023 to 2030, according to a new report by Grand View Research, Inc. Owing to the low-cost, kids & pet-friendly accommodation options and a greater level of comfort & privacy provided by these properties, travelers are inclined toward vacation rental properties and homes over hotels. Moreover, these properties offer a variety of high-quality and affordable accommodation options at several destinations, which is likely driving the growth of the market. As per the Turnkey blog in 2019, the industry is growing at approximately a 10% rate in the ongoing decade, largely affected by travelers' preferences to stay in a home instead of a hotel.

According to the TurnKey Vacation Rentals' 2019 Consumer Travel Survey, 64% of travelers preferred staying in vacation rentals as opposed to hotels, which is up by 10% from the 2018 Consumer Travel Survey. In addition, the evolving trend of transformational travel surrounding wellness trips to restore balance and transform the mind, spirit, and body is expected to drive market growth over the forecast period. Furthermore, a higher preference for domestic travel compared to international travel is likely to boost the domestic vacation rental business globally. The resort/condominium accommodation type segment is estimated to register the fastest CAGR over the forecast period.

The rising popularity of tourism owing to the increasing number of travelers seeking to unwind while enjoying luxury amenities is expected to drive the growth of the segment. The vacation rental industry in Europe is expected to experience positive growth and a favorable outlook in the coming years. With the increasing popularity of vacation rentals as an alternative to traditional accommodations, the market is witnessing a rise in demand from both domestic and international travelers. Rising travel connectivity, coupled with rapid penetration of high-speed internet, has made even the remotest places in Europe more accessible to travelers. Thus, the rising trend of exploring new, exotic, and exciting locations is fueling market growth.

Vacation Rental Market Report Highlights

  • The home accommodation type segment dominated the market in 2022. Higher preference for homes among travelers owing to the availability of ample space, safety features, and access to amenities is pushing the dominance of the segment in the market
  • Online booking mode is expected to showcase strong growth in the coming years. With the increasing penetration of the Internet and smartphone devices across regions, vacation rental service providers are witnessing growth in online bookings
  • Asia Pacific is expected to witness substantial growth over the forecast period due to the rising expenditure of consumers on travel and accommodation. Moreover, travelers from developing countries, such as India, Philippines, Vietnam, and Australia, are further estimated to support the market growth in the region
Product Code: GVR-4-68038-532-8

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. Segmental Outlook
  • 2.3. Competitive Insights

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. Driver Impact Analysis
    • 3.3.2. Restraint Impact Analysis
    • 3.3.3. Industry Challenges
    • 3.3.4. Industry opportunities
  • 3.4. Industry Analysis Tools
    • 3.4.1. Industry Analysis - Porter's Five Forces
      • 3.4.1.1. Supplier Power
      • 3.4.1.2. Buyer Power
      • 3.4.1.3. Substitution Threat
      • 3.4.1.4. Threat from New Entrants
      • 3.4.1.5. Competitive Rivalry
  • 3.5. Market Entry Strategies

Chapter 4. Consumer Behavior Analysis

  • 4.1. Demographic Analysis
  • 4.2. Consumer Trends and Preferences
  • 4.3. Factors Affecting Buying Decision
  • 4.4. Consumer Service Adoption
  • 4.5. Observations & Recommendations

Chapter 5. Vacation Rental Market: Accommodation Type Estimates & Trend Analysis

  • 5.1. Accommodation Type Movement Analysis & Market Share, 2021 & 2030
  • 5.2. Vacation Rental Market Estimates & Forecast, By Accommodation Type (USD Million)
    • 5.2.1. Home
    • 5.2.2. Apartments
    • 5.2.3. Resort/Condominium
    • 5.2.4. Others

Chapter 6. Vacation Rental Market: Booking Mode Estimates & Trend Analysis

  • 6.1. Booking mode Movement Analysis & Market Share, 2021 & 2030
  • 6.2. Vacation Rental Market Estimates & Forecast, By Booking Mode (USD Million)
    • 6.2.1. Online
    • 6.2.2. Offline

Chapter 7. Vacation Rental Market: Regional Estimates & Trend Analysis

  • 7.1. Regional Movement Analysis & Market Share, 2022 & 2030
  • 7.2. North America
    • 7.2.1. North America vacation rental market estimates & forecast, 2017 - 2030 (USD Million)
    • 7.2.2. U.S.
      • 7.2.2.1. Key country dynamics
      • 7.2.2.2. U.S. vacation rental market estimates & forecast, 2017 - 2030 (USD Million)
    • 7.2.3. Canada
      • 7.2.3.1. Key country dynamics
      • 7.2.3.2. Canada vacation rental market estimates & forecast, 2017 - 2030 (USD Million)
  • 7.3. Europe
    • 7.3.1. Europe vacation rental market estimates & forecast, 2017 - 2030 (USD Million)
    • 7.3.2. UK
      • 7.3.2.1. Key country dynamics
      • 7.3.2.2. UK vacation rental market estimates & forecast, 2017 - 2030 (USD Million)
    • 7.3.3. Germany
      • 7.3.3.1. Key country dynamics
      • 7.3.3.2. Germany vacation rental market estimates & forecast, 2017 - 2030 (USD Million)
    • 7.3.4. France
      • 7.3.4.1. Key country dynamics
      • 7.3.4.2. France vacation rental market estimates & forecast, 2017 - 2030 (USD Million)
  • 7.4. Asia Pacific
    • 7.4.1. Asia Pacific vacation rental market estimates & forecast, 2017 - 2030 (USD Million)
    • 7.4.2. China
      • 7.4.2.1. Key country dynamics
      • 7.4.2.2. China vacation rental market estimates & forecast, 2017 - 2030 (USD Million)
    • 7.4.3. Japan
      • 7.4.3.1. Key country dynamics
      • 7.4.3.2. Japan vacation rental market estimates & forecast, 2017 - 2030 (USD Million)
    • 7.4.4. Australia
      • 7.4.4.1. Key country dynamics
      • 7.4.4.2. Australia vacation rental market estimates & forecast, 2017 - 2030 (USD Million)
  • 7.5. Central & South America
    • 7.5.1. Central & South America vacation rental market estimates & forecast, 2017 - 2030 (USD Million)
    • 7.5.2. Brazil
      • 7.5.2.1. Key country dynamics
      • 7.5.2.2. Brazil vacation rental market estimates & forecast, 2017 - 2030 (USD Million)
  • 7.6. Middle East & Africa
    • 7.6.1. Middles East & Africa vacation rental market estimates & forecast, 2017 - 2030 (USD Million)
    • 7.6.2. Saudi Arabia
      • 7.6.2.1. Key country dynamics
      • 7.6.2.2. South Africa vacation rental market estimates & forecast, 2017 - 2030 (USD Million)

Chapter 8. Competitive Analysis

  • 8.1. List of key companies analyzed in this section includes:
    • 8.1.1. 9flats.com Pte Ltd.
    • 8.1.2. Airbnb Inc.
    • 8.1.3. Booking Holdings Inc.
    • 8.1.4. Expedia Group Inc.
    • 8.1.5. Hotelplan Holding AG
    • 8.1.6. MakeMyTrip Pvt. Ltd.
    • 8.1.7. NOVASOL AS
    • 8.1.8. Oravel Stays Pvt. Ltd.
    • 8.1.9. TripAdvisor Inc.
    • 8.1.10. Wyndham Destinations Inc.
  • 8.2. Recent Developments & Impact Analysis, By Key Market Participants
  • 8.3. Company Categorization
  • 8.4. Participant's Overview
  • 8.5. Financial Performance
  • 8.6. Service Benchmarking
  • 8.7. Company Market Share Analysis, 2022 (Value % Share)
  • 8.8. Company Heat Map Analysis
  • 8.9. Strategy Mapping
Product Code: GVR-4-68038-532-8

List of Tables

  • 1. Vacation rental market estimates & forecast, by accommodation type (USD Million)
  • 2. Vacation rental market estimates & forecast, by booking mode (USD Million)
  • 3. U.S. macro - economic outlay
  • 4. Canada macro - economic outlay
  • 5. UK macro - economic outlay
  • 6. Germany macro - economic outlay
  • 7. France macro - economic outlay
  • 8. China macro - economic outlay
  • 9. Japan macro - economic outlay
  • 10. Australia macro - economic outlay
  • 11. Brazil macro - economic outlay
  • 12. Saudi Arabia macro - economic outlay
  • 13. Recent developments & impact analysis, by key market participants
  • 14. Company market share, 2022 (Value % Share)

List of Figures

  • 1. Information procurement
  • 2. Primary research pattern
  • 3. Primary research approaches
  • 4. Primary research process
  • 5. Market Snapshot
  • 6. Segment Snapshot
  • 7. Competitive Landscape Snapshot
  • 8. Vacation rental market - Industry value chain analysis
  • 9. Vacation rental market dynamics
  • 10. Vacation rental market: Porter's analysis
  • 11. Vacation rental market, by accommodation type: Key takeaways
  • 12. Vacation rental market, by accommodation type: Market share, 2022 & 2030
  • 13. Home vacation rental market estimates & forecasts, 2017 - 2030 (USD Million)
  • 14. Apartment vacation rental market estimates & forecasts, 2017 - 2030 (USD Million)
  • 15. Resort/condominium vacation rental market estimates & forecasts, 2017 - 2030 (USD Million)
  • 16. Other vacation rentals market estimates & forecasts, 2017 - 2030 (USD Million)
  • 17. Vacation rental market, by booking mode: Key takeaways
  • 18. Vacation rental market, by booking mode: Market share, 2022 & 2030
  • 19. Vacation rental market estimates & forecasts through online booking, 2017 - 2030 (USD Million)
  • 20. Vacation rental market estimates & forecasts through online booking, 2017 - 2030 (USD Million)
  • 21. Vacation rental market revenue, by region, 2022 & 2030, (USD Million)
  • 22. Regional marketplace: Key takeaways
  • 23. Regional marketplace: Key takeaways
  • 24. North America vacation rental market estimates & forecast, 2017 - 2030 (USD Million)
  • 25. U.S. vacation rental market estimates & forecast, 2017 - 2030 (USD Million)
  • 26. Canada vacation rental market estimates & forecast, 2017 - 2030 (USD Million)
  • 27. Europe vacation rental market estimates & forecasts, 2017 - 2030 (USD Million)
  • 28. UK vacation rental market estimates & forecasts, 2017 - 2030 (USD Million)
  • 29. Germany vacation rental market estimates & forecasts, 2017 - 2030 (USD Million)
  • 30. France vacation rental market estimates & forecasts, 2017 - 2030 (USD Million)
  • 31. Asia Pacific vacation rental market estimates & forecast, 2017 - 2030 (USD Million)
  • 32. China vacation rental market estimates & forecast, 2017 - 2030 (USD Million)
  • 33. Japan vacation rental market estimates & forecast, 2017 - 2030 (USD Million)
  • 34. Australia vacation rental market estimates & forecast, 2017 - 2030 (USD Million)
  • 35. Central & South America vacation rental market estimates & forecast, 2017 - 2030 (USD Million)
  • 36. Brazil vacation rental market estimates & forecast, 2017 - 2030 (USD Million)
  • 37. Middle East & Africa vacation rental market estimates & forecast, 2017 - 2030 (USD Million)
  • 38. Saudi Arabia vacation rental market estimates & forecast, 2017 - 2030 (USD Million)
  • 39. Key company categorization
  • 40. Company market share analysis, 2022 (Value % Share)
  • 41. Strategic framework
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Jeroen Van Heghe

Manager - EMEA

+32-2-535-7543

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Christine Sirois

Manager - Americas

+1-860-674-8796

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