Need help finding what you are looking for?
Contact Us
PUBLISHER: Polaris Market Research | PRODUCT CODE: 1388116
PUBLISHER: Polaris Market Research | PRODUCT CODE: 1388116
Vacation Rental Market Share, Size, Trends, Industry Analysis Report, By Booking Mode (Online, Offline), By Accommodation Type (Home, Apartments, Resort/Condominium, Others), By Region, And Segment Forecasts, 2023 - 2032
PUBLISHED:
PAGES: 116 Pages
DELIVERY TIME: 1-2 business days
SELECT AN OPTION
The global vacation rental market size is expected to reach USD 123.69 billion by 2032, according to a new study by Polaris market research. The report "Vacation Rental Market Share, Size, Trends, Industry Analysis Report, By Booking Mode (Online, Offline), By Accommodation Type (Home, Apartments, Resort/Condominium, Others), By Region, And Segment Forecasts, 2023 - 2032" gives a detailed insight into current market dynamics and provides analysis on future market growth.
Travelers are increasingly favoring vacation rental properties and homes over hotels due to several attractive features. These properties offer affordable options that are kid and pet-friendly, ensuring a higher level of comfort and privacy for guests. Additionally, vacation rental properties provide a diverse range of high-quality and cost-effective accommodation choices across various destinations, which is a significant driver behind the market's growth.
As reported by the Turnkey blog in 2019, the industry is experiencing substantial growth, with an estimated rate of approximately 10% during the ongoing decade. This growth is primarily influenced by the evolving preferences of travelers who increasingly prefer staying in a home environment rather than traditional hotel accommodations. The combination of cost-effectiveness, convenience, and the availability of attractive amenities has contributed to the increasing popularity of vacation rental properties and homes as the preferred choice for many modern travelers.
Based on the findings from TurnKey Vacation Rentals' 2019 Consumer Travel Survey, a significant shift in traveler preferences is evident. In 2019, 64% of travelers expressed a strong preference for staying in vacation rentals rather than hotels, representing a notable increase of 10%, compared 2028 results. Furthermore, the travel industry is witnessing an evolving trend known as transformational travel, where travelers seek wellness trips to restore balance and transform their mind, spirit, and body. This emerging trend is expected to be a key driver of market growth over the forecast period, as more travelers prioritize experiences that promote personal well-being and transformation during their vacations.
Companies in the market are collaborating with the Google. For instance, in February 2023, recently announced an exciting partnership with Google. Through this collaboration, Whimstay's extensive portfolio of 150,000 vacation rental properties will be seamlessly integrated into Google's travel search function. This integration will offer millions of potential guests the convenience of browsing and booking exclusive stays at discounted rates of up to 60% off, directly through Whimstay's user-friendly mobile app or website.
Vacation Rental Market Report Highlights
Home accommodation held the largest share, owing to the preference of stay homes among travelers, access to amenities, and appropriate safety features
Online channels segment will grow at the fastest rate, due to rising penetration of smartphones across regions, rental service providers, and online service providers
Europe dominated the market, due to presence of high-net-worth individuals with desire to travel abroad
APAC witnessed the highest growth rate; this is primarily due to presence of young population in the South Asian nations seeking luxury travel across exotic locations
The global key market players include: 9flats.com, Airbnb, Booking Holdings, Expedia Group, Hotelplan Holding, MakeMyTrip, TripAdvisor, & Wyndham Destinations
Polaris market research has segmented the vacation rental market report based on accommodation type, booking mode, and region:
Vacation Rental, Accommodation Type Outlook (Revenue - USD Billion, 2023 - 2032)
- Home
- Apartments
- Resort/Condominium
- Others
Vacation Rental, Booking Mode Outlook (Revenue - USD Billion, 2023 - 2032)
- Online
- Offline
Vacation Rental, Regional Outlook (Revenue - USD Billion, 2023 - 2032)
- North America
- U.S.
- Canada
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Netherlands
- Asia Pacific
- China
- India
- Japan
- South Korea
- Indonesia
- Malaysia
- Latin America
- Argentina
- Brazil
- Mexico
- Middle East & Africa
- UAE
- Saudi Arabia
- Israel
- South Africa
Product Code: PM3810
Table of Contents
1. Introduction
- 1.1. Report Description
- 1.1.1. Objectives of the Study
- 1.1.2. Market Scope
- 1.1.3. Assumptions
- 1.2. Stakeholders
2. Executive Summary
- 2.1. Market Highlights
3. Research Methodology
- 3.1. Overview
- 3.1.1. Data Mining
- 3.2. Data Sources
- 3.2.1. Primary Sources
- 3.2.2. Secondary Sources
4. Global Vacation Rental Market Insights
- 4.1. Vacation Rental Market - Industry Snapshot
- 4.2. Vacation Rental Market Dynamics
- 4.2.1. Drivers and Opportunities
- 4.2.1.1. Increasing preference of vacation rental properties
- 4.2.1.2. The growth in the tourism industry worldwide is a significant driver for the vacation rental market
- 4.2.2. Restraints and Challenges
- 4.2.2.1. Regulatory Challenges
- 4.2.1. Drivers and Opportunities
- 4.3. Porter's Five Forces Analysis
- 4.3.1. Bargaining Power of Suppliers (Moderate)
- 4.3.2. Threats of New Entrants: (Low)
- 4.3.3. Bargaining Power of Buyers (Moderate)
- 4.3.4. Threat of Substitute (Moderate)
- 4.3.5. Rivalry among existing firms (High)
- 4.4. PESTLE Analysis
- 4.5. Vacation Rental Industry trends
- 4.6. Value Chain Analysis
- 4.7. COVID-19 Impact Analysis
5. Global Vacation Rental Market, by Accommodation Type
- 5.1. Key Findings
- 5.2. Introduction
- 5.2.1. Global Vacation Rental, by Accommodation Type, 2019-2032 (USD Billion)
- 5.3. Home
- 5.3.1. Global Vacation Rental Market, by Home, by Region, 2019-2032 (USD Billion)
- 5.4. Apartments
- 5.4.1. Global Vacation Rental Market, by Apartments, by Region, 2019-2032 (USD Billion)
- 5.5. Resort/Condominium
- 5.5.1. Global Vacation Rental Market, by Resort/Condominium, by Region, 2019-2032 (USD Billion)
- 5.6. Others
- 5.6.1. Global Vacation Rental Market, by Others, by Region, 2019-2032 (USD Billion)
6. Global Vacation Rental Market, by Booking Mode
- 6.1. Key Findings
- 6.2. Introduction
- 6.2.1. Global Vacation Rental Market, by Booking Mode, 2019-2032 (USD Billion)
- 6.3. Online
- 6.3.1. Global Vacation Rental Market, by Online, by Region, 2019-2032 (USD Billion)
- 6.4. Offline
- 6.4.1. Global Vacation Rental Market, by Offline, by Region, 2019-2032 (USD Billion)
7. Global Vacation Rental Market, by Geography
- 7.1. Key findings
- 7.2. Introduction
- 7.2.1. Vacation Rental Market Assessment, By Geography, 2019-2032 (USD Billion)
- 7.3. Vacation Rental Market - North America
- 7.3.1. North America: Vacation Rental Market, by Booking Mode, 2019-2032 (USD Billion)
- 7.3.2. North America: Vacation Rental Market, by Accommodation Type, 2019-2032 (USD Billion)
- 7.3.3. Vacation Rental Market - U.S.
- 7.3.3.1. U.S.: Vacation Rental Market, by Booking Mode, 2019-2032 (USD Billion)
- 7.3.3.2. U.S.: Vacation Rental Market, by Accommodation Type, 2019-2032 (USD Billion)
- 7.3.4. Vacation Rental Market - Canada
- 7.3.4.1. Canada: Vacation Rental Market, by Booking Mode, 2019-2032 (USD Billion)
- 7.3.4.2. Canada: Vacation Rental Market, by Accommodation Type, 2019-2032 (USD Billion)
- 7.4. Vacation Rental Market - Europe
- 7.4.1. Europe: Vacation Rental Market, by Booking Mode, 2019-2032 (USD Billion)
- 7.4.2. Europe: Vacation Rental Market, by Accommodation Type, 2019-2032 (USD Billion)
- 7.4.3. Vacation Rental Market - UK
- 7.4.3.1. UK: Vacation Rental Market, by Booking Mode, 2019-2032 (USD Billion)
- 7.4.3.2. UK: Vacation Rental Market, by Accommodation Type, 2019-2032 (USD Billion)
- 7.4.4. Vacation Rental Market - France
- 7.4.4.1. France: Vacation Rental Market, by Booking Mode, 2019-2032 (USD Billion)
- 7.4.4.2. France: Vacation Rental Market, by Accommodation Type, 2019-2032 (USD Billion)
- 7.4.5. Vacation Rental Market - Germany
- 7.4.5.1. Germany: Vacation Rental Market, by Booking Mode, 2019-2032 (USD Billion)
- 7.4.5.2. Germany: Vacation Rental Market, by Accommodation Type, 2019-2032 (USD Billion)
- 7.4.6. Vacation Rental Market - Italy
- 7.4.6.1. Italy: Vacation Rental Market, by Booking Mode, 2019-2032 (USD Billion)
- 7.4.6.2. Italy: Vacation Rental Market, by Accommodation Type, 2019-2032 (USD Billion)
- 7.4.7. Vacation Rental Market - Spain
- 7.4.7.1. Spain: Vacation Rental Market, by Booking Mode, 2019-2032 (USD Billion)
- 7.4.7.2. Spain: Vacation Rental Market, by Accommodation Type, 2019-2032 (USD Billion)
- 7.4.8. Vacation Rental Market - Netherlands
- 7.4.8.1. Netherlands: Vacation Rental Market, by Booking Mode, 2019-2032 (USD Billion)
- 7.4.8.2. Netherlands: Vacation Rental Market, by Accommodation Type, 2019-2032 (USD Billion)
- 7.4.9. Vacation Rental Market - Russia
- 7.4.9.1. Russia: Vacation Rental Market, by Booking Mode, 2019-2032 (USD Billion)
- 7.4.9.2. Russia: Vacation Rental Market, by Accommodation Type, 2019-2032 (USD Billion)
- 7.5. Vacation Rental Market - Asia Pacific
- 7.5.1. Asia Pacific: Vacation Rental Market, by Booking Mode, 2019-2032 (USD Billion)
- 7.5.2. Asia Pacific: Vacation Rental Market, by Accommodation Type, 2019-2032 (USD Billion)
- 7.5.3. Vacation Rental Market - China
- 7.5.3.1. China: Vacation Rental Market, by Booking Mode, 2019-2032 (USD Billion)
- 7.5.3.2. China: Vacation Rental Market, by Accommodation Type, 2019-2032 (USD Billion)
- 7.5.4. Vacation Rental Market - India
- 7.5.4.1. India: Vacation Rental Market, by Booking Mode, 2019-2032 (USD Billion)
- 7.5.4.2. India: Vacation Rental Market, by Accommodation Type, 2019-2032 (USD Billion)
- 7.5.5. Vacation Rental Market - Malaysia
- 7.5.5.1. Malaysia: Vacation Rental Market, by Booking Mode, 2019-2032 (USD Billion)
- 7.5.5.2. Malaysia: Vacation Rental Market, by Accommodation Type, 2019-2032 (USD Billion)
- 7.5.6. Vacation Rental Market - Japan
- 7.5.6.1. Japan: Vacation Rental Market, by Booking Mode, 2019-2032 (USD Billion)
- 7.5.6.2. Japan: Vacation Rental Market, by Accommodation Type, 2019-2032 (USD Billion)
- 7.5.7. Vacation Rental Market - Indonesia
- 7.5.7.1. Indonesia: Vacation Rental Market, by Booking Mode, 2019-2032 (USD Billion)
- 7.5.7.2. Indonesia: Vacation Rental Market, by Accommodation Type, 2019-2032 (USD Billion)
- 7.5.8. Vacation Rental Market - South Korea
- 7.5.8.1. South Korea: Vacation Rental Market, by Booking Mode, 2019-2032 (USD Billion)
- 7.5.8.2. South Korea: Vacation Rental Market, by Accommodation Type, 2019-2032 (USD Billion)
- 7.6. Vacation Rental Market - Middle East & Africa
- 7.6.1. Middle East & Africa: Vacation Rental Market, by Booking Mode, 2019-2032 (USD Billion)
- 7.6.2. Middle East & Africa: Vacation Rental Market, by Accommodation Type, 2019-2032 (USD Billion)
- 7.6.3. Vacation Rental Market - Saudi Arabia
- 7.6.3.1. Saudi Arabia: Vacation Rental Market, by Booking Mode, 2019-2032 (USD Billion)
- 7.6.3.2. Saudi Arabia: Vacation Rental Market, by Accommodation Type, 2019-2032 (USD Billion)
- 7.6.4. Vacation Rental Market - UAE
- 7.6.4.1. UAE: Vacation Rental Market, by Booking Mode, 2019-2032 (USD Billion)
- 7.6.4.2. UAE: Vacation Rental Market, by Accommodation Type, 2019-2032 (USD Billion)
- 7.6.5. Vacation Rental Market - Israel
- 7.6.5.1. Israel: Vacation Rental Market, by Booking Mode, 2019-2032 (USD Billion)
- 7.6.5.2. Israel: Vacation Rental Market, by Accommodation Type, 2019-2032 (USD Billion)
- 7.6.6. Vacation Rental Market - South Africa
- 7.6.6.1. South Africa: Vacation Rental Market, by Booking Mode, 2019-2032 (USD Billion)
- 7.6.6.2. South Africa: Vacation Rental Market, by Accommodation Type, 2019-2032 (USD Billion)
- 7.7. Vacation Rental Market - Latin America
- 7.7.1. Latin America: Vacation Rental Market, by Booking Mode, 2019-2032 (USD Billion)
- 7.7.2. Latin America: Vacation Rental Market, by Accommodation Type, 2019-2032 (USD Billion)
- 7.7.3. Vacation Rental Market - Mexico
- 7.7.3.1. Mexico: Vacation Rental Market, by Booking Mode, 2019-2032 (USD Billion)
- 7.7.3.2. Mexico: Vacation Rental Market, by Accommodation Type, 2019-2032 (USD Billion)
- 7.7.4. Vacation Rental Market - Brazil
- 7.7.4.1. Brazil: Vacation Rental Market, by Booking Mode, 2019-2032 (USD Billion)
- 7.7.4.2. Brazil: Vacation Rental Market, by Accommodation Type, 2019-2032 (USD Billion)
- 7.7.5. Vacation Rental Market - Argentina
- 7.7.5.1. Argentina: Vacation Rental Market, by Booking Mode, 2019-2032 (USD Billion)
- 7.7.5.2. Argentina: Vacation Rental Market, by Accommodation Type, 2019-2032 (USD Billion)
8. Competitive Landscape
- 8.1. Expansion and Acquisition Analysis
- 8.1.1. Expansion
- 8.1.2. Acquisitions
- 8.2. Partnerships/Collaborations/Agreements/Exhibitions
9. Company Profiles
- 9.1. 9flats.com
- 9.1.1. Company Overview
- 9.1.2. Financial Performance
- 9.1.3. Product Benchmarking
- 9.1.4. Recent Development
- 9.2. Airbnb
- 9.2.1. Company Overview
- 9.2.2. Financial Performance
- 9.2.3. Product Benchmarking
- 9.2.4. Recent Development
- 9.3. Booking Holdings
- 9.3.1. Company Overview
- 9.3.2. Financial Performance
- 9.3.3. Product Benchmarking
- 9.3.4. Recent Development
- 9.4. Expedia Group
- 9.4.1. Company Overview
- 9.4.2. Financial Performance
- 9.4.3. Product Benchmarking
- 9.4.4. Recent Development
- 9.5. Hotelplan Holding
- 9.5.1. Company Overview
- 9.5.2. Financial Performance
- 9.5.3. Product Benchmarking
- 9.5.4. Recent Development
- 9.6. MakeMyTrip
- 9.6.1. Company Overview
- 9.6.2. Financial Performance
- 9.6.3. Product Benchmarking
- 9.6.4. Recent Development
- 9.7. NOVASOL
- 9.7.1. Company Overview
- 9.7.2. Financial Performance
- 9.7.3. Product Benchmarking
- 9.7.4. Recent Development
- 9.8. Oravel Stays
- 9.8.1. Company Overview
- 9.8.2. Financial Performance
- 9.8.3. Product Benchmarking
- 9.8.4. Recent Development
- 9.9. TripAdvisor
- 9.9.1. Company Overview
- 9.9.2. Financial Performance
- 9.9.3. Product Benchmarking
- 9.9.4. Recent Development
- 9.10. Wyndham Destinations
- 9.10.1. Company Overview
- 9.10.2. Financial Performance
- 9.10.3. Product Benchmarking
- 9.10.4. Recent Development
Product Code: PM3810
List of Tables
- Table 1 Global Vacation Rental Market, by Booking Mode, 2019-2032 (USD Billion)
- Table 2 Global Vacation Rental Market, by Accommodation Type, 2019-2032 (USD Billion)
- Table 3 Vacation Rental Market Assessment, By Geography, 2019-2032 (USD Billion)
- Table 4 North America: Vacation Rental Market, by Booking Mode, 2019-2032 (USD Billion)
- Table 5 North America: Vacation Rental Market, by Accommodation Type, 2019-2032 (USD Billion)
- Table 6 U.S.: Vacation Rental Market, by Booking Mode, 2019-2032 (USD Billion)
- Table 7 U.S.: Vacation Rental Market, by Accommodation Type, 2019-2032 (USD Billion)
- Table 8 Canada: Vacation Rental Market, by Booking Mode, 2019-2032 (USD Billion)
- Table 9 Canada: Vacation Rental Market, by Accommodation Type, 2019-2032 (USD Billion)
- Table 10 Europe: Vacation Rental Market, by Booking Mode, 2019-2032 (USD Billion)
- Table 11 Europe: Vacation Rental Market, by Accommodation Type, 2019-2032 (USD Billion)
- Table 12 UK: Vacation Rental Market, by Booking Mode, 2019-2032 (USD Billion)
- Table 13 UK: Vacation Rental Market, by Accommodation Type, 2019-2032 (USD Billion)
- Table 14 France: Vacation Rental Market, by Booking Mode, 2019-2032 (USD Billion)
- Table 15 France: Vacation Rental Market, by Accommodation Type, 2019-2032 (USD Billion)
- Table 16 Germany: Vacation Rental Market, by Booking Mode, 2019-2032 (USD Billion)
- Table 17 Germany: Vacation Rental Market, by Accommodation Type, 2019-2032 (USD Billion)
- Table 18 Italy: Vacation Rental Market, by Booking Mode, 2019-2032 (USD Billion)
- Table 19 Italy: Vacation Rental Market, by Accommodation Type, 2019-2032 (USD Billion)
- Table 20 Spain: Vacation Rental Market, by Booking Mode, 2019-2032 (USD Billion)
- Table 21 Spain: Vacation Rental Market, by Accommodation Type, 2019-2032 (USD Billion)
- Table 22 Netherlands: Vacation Rental Market, by Booking Mode, 2019-2032 (USD Billion)
- Table 23 Netherlands: Vacation Rental Market, by Accommodation Type, 2019-2032 (USD Billion)
- Table 24 Russia: Vacation Rental Market, by Booking Mode, 2019-2032 (USD Billion)
- Table 25 Russia: Vacation Rental Market, by Accommodation Type, 2019-2032 (USD Billion)
- Table 26 Asia Pacific: Vacation Rental Market, by Booking Mode, 2019-2032 (USD Billion)
- Table 27 Asia Pacific: Vacation Rental Market, by Accommodation Type, 2019-2032 (USD Billion)
- Table 28 China: Vacation Rental Market, by Booking Mode, 2019-2032 (USD Billion)
- Table 29 China: Vacation Rental Market, by Accommodation Type, 2019-2032 (USD Billion)
- Table 30 India: Vacation Rental Market, by Booking Mode, 2019-2032 (USD Billion)
- Table 31 India: Vacation Rental Market, by Accommodation Type, 2019-2032 (USD Billion)
- Table 32 Malaysia: Vacation Rental Market, by Booking Mode, 2019-2032 (USD Billion)
- Table 33 Malaysia: Vacation Rental Market, by Accommodation Type, 2019-2032 (USD Billion)
- Table 34 Japan: Vacation Rental Market, by Booking Mode, 2019-2032 (USD Billion)
- Table 35 Japan: Vacation Rental Market, by Accommodation Type, 2019-2032 (USD Billion)
- Table 36 Indonesia: Vacation Rental Market, by Booking Mode, 2019-2032 (USD Billion)
- Table 37 Indonesia: Vacation Rental Market, by Accommodation Type, 2019-2032 (USD Billion)
- Table 38 South Korea: Vacation Rental Market, by Booking Mode, 2019-2032 (USD Billion)
- Table 39 South Korea: Vacation Rental Market, by Accommodation Type, 2019-2032 (USD Billion)
- Table 40 Middle East & Africa: Vacation Rental Market, by Booking Mode, 2019-2032 (USD Billion)
- Table 41 Middle East & Africa: Vacation Rental Market, by Accommodation Type, 2019-2032 (USD Billion)
- Table 42 Saudi Arabia: Vacation Rental Market, by Booking Mode, 2019-2032 (USD Billion)
- Table 43 Saudi Arabia: Vacation Rental Market, by Accommodation Type, 2019-2032 (USD Billion)
- Table 44 UAE: Vacation Rental Market, by Booking Mode, 2019-2032 (USD Billion)
- Table 45 UAE: Vacation Rental Market, by Accommodation Type, 2019-2032 (USD Billion)
- Table 46 Israel: Vacation Rental Market, by Booking Mode, 2019-2032 (USD Billion)
- Table 47 Israel: Vacation Rental Market, by Accommodation Type, 2019-2032 (USD Billion)
- Table 48 South Africa: Vacation Rental Market, by Booking Mode, 2019-2032 (USD Billion)
- Table 49 South Africa: Vacation Rental Market, by Accommodation Type, 2019-2032 (USD Billion)
- Table 50 Latin America: Vacation Rental Market, by Booking Mode, 2019-2032 (USD Billion)
- Table 51 Latin America: Vacation Rental Market, by Accommodation Type, 2019-2032 (USD Billion)
- Table 52 Mexico: Vacation Rental Market, by Booking Mode, 2019-2032 (USD Billion)
- Table 53 Mexico: Vacation Rental Market, by Accommodation Type, 2019-2032 (USD Billion)
- Table 54 Brazil: Vacation Rental Market, by Booking Mode, 2019-2032 (USD Billion)
- Table 55 Brazil: Vacation Rental Market, by Accommodation Type, 2019-2032 (USD Billion)
- Table 56 Argentina: Vacation Rental Market, by Booking Mode, 2019-2032 (USD Billion)
- Table 57 Argentina: Vacation Rental Market, by Accommodation Type, 2019-2032 (USD Billion)
List of Figures
- Figure 1 Global Vacation Rental Market, 2019-2032 (USD Billion)
- Figure 2 Integrated Ecosystem
- Figure 3 Research Methodology: Top-Down & Bottom-Up Approach
- Figure 4 Market by Geography
- Figure 5 Porter's Five Forces
- Figure 6 Market by Booking Mode
- Figure 7 Global Vacation Rental Market, by Booking Mode, 2022 & 2032 (USD Billion)
- Figure 8 Market by Accommodation Type
- Figure 9 Global Vacation Rental Market, by Accommodation Type, 2022 & 2032 (USD Billion)
- Figure 10 Vacation Rental Market Assessment, By Geography, 2019-2032 (USD Billion)
- Figure 11 Strategic Analysis - Vacation Rental Market
Have a question?
SELECT AN OPTION
Have a question?
Questions? Please give us a call or visit the contact form.