Home Industry Reports Custom Research Blogs About Us Contact us

Short-term Vacation Rental Market Size & Share, By Booking Mode (Online/Platform-based, Offline), Accommodation Type (Home, Resort/Condominium), Regional Forecast, Industry Players, Growth Statistics Report 2024-2032

Report ID: FBI 4682

|

Published Date: Aug-2024

|

Format : PDF, Excel

Market Outlook:

Short-term Vacation Rental Market crossed USD 122.63 Billion in 2023 and is estimated to reach USD 321.41 Billion by end of the year 2032, observing around 11.3% CAGR between 2024 and 2032.

Base Year Value (2023)

USD 122.63 Billion

19-23 x.x %
24-32 x.x %

CAGR (2024-2032)

11.3%

19-23 x.x %
24-32 x.x %

Forecast Year Value (2032)

USD 321.41 Billion

19-23 x.x %
24-32 x.x %
Short-term Vacation Rental Market

Historical Data Period

2019-2023

Short-term Vacation Rental Market

Largest Region

North America

Short-term Vacation Rental Market

Forecast Period

2024-2032

Get more details on this report -

Market Dynamics:

Growth Drivers & Opportunity:

The Short-term Vacation Rental Market is being driven by increasing consumer demand for unique and personalized travel experiences, the rise of online booking platforms and mobile apps making it easier for travelers to find and book rentals, and the growth of the sharing economy which has made it more socially acceptable and economically feasible for homeowners to list their properties as vacation rentals.

Report Scope

Report CoverageDetails
Segments CoveredAccommodation Type, Booking Mode
Regions Covered• North America (United States, Canada, Mexico) • Europe (Germany, United Kingdom, France, Italy, Spain, Rest of Europe) • Asia Pacific (China, Japan, South Korea, Singapore, India, Australia, Rest of APAC) • Latin America (Argentina, Brazil, Rest of South America) • Middle East & Africa (GCC, South Africa, Rest of MEA)
Company Profiled9flats.com PTE., Airbnb,, Booking Holdings, Expedia Group,, Hotelplan Management AG, MakeMyTrip Pvt.., NOVASOL A/S, Oravel Stays Private Limited, Tripadvisor,, Wyndham Destinations,

Unlock insights tailored to your business with our bespoke market research solutions - Click to get your customized report now!

Industry Restraints:

The Short-term Vacation Rental Market is facing challenges from regulatory issues and opposition from traditional hoteliers and local residents concerned about the impact of vacation rentals on communities and housing affordability. Additionally, the market is also constrained by the lack of standardized quality control and safety measures, leading to occasional instances of fraud and subpar guest experiences.

Regional Forecast:

Short-term Vacation Rental Market

Largest Region

North America

35% Market Share in 2023

Get more details on this report -

In North America, the short-term vacation rental market is highly developed, with the United States leading the way in terms of both supply and demand. Popular destinations such as Florida, California, and New York attract a large number of domestic and international tourists, leading to a thriving market for short-term rental accommodations. Canada also has a strong market, particularly in cities like Toronto and Vancouver, where short-term rentals are popular among tourists and business travelers.

In Asia Pacific, the short-term vacation rental market is rapidly growing, especially in countries like China, Japan, and South Korea. In China, major cities like Beijing, Shanghai, and Guangzhou have seen a rise in demand for short-term rental properties, driven by both domestic and international travelers. Japan has also become a popular destination for short-term rentals, with cities like Tokyo, Kyoto, and Osaka attracting a large number of visitors. South Korea's short-term rental market is smaller in comparison, but still significant, particularly in cities like Seoul and Busan.

In Europe, countries like the United Kingdom, Germany, and France have well-established short-term vacation rental markets. In the UK, cities like London, Edinburgh, and Manchester are popular destinations for short-term rentals, catering to both tourists and business travelers. Germany has a strong market as well, with cities like Berlin, Munich, and Hamburg offering a wide range of short-term rental options. France, particularly in cities like Paris, Nice, and Lyon, also has a thriving market for short-term vacation rentals.

Report Coverage & Deliverables

Historical Statistics Growth Forecasts Latest Trends & Innovations Market Segmentation Regional Opportunities Competitive Landscape
Short-term Vacation Rental Market
Short-term Vacation Rental Market

Segmentation Analysis:

""

In terms of segmentation, the global Short-term Vacation Rental market is analyzed on the basis of Accommodation Type, Booking Mode.

Short-term Vacation Rental Market:

Online/Platform-based Booking Mode:

The segment analysis of the Short-term Vacation Rental Market based on online/platform-based booking mode highlights the growing trend of consumers booking their accommodations through online platforms. The convenience and ease of use provided by these platforms have attracted a large number of travelers who prefer to browse and book rentals online. This segment is projected to witness rapid growth in the coming years as more consumers turn to online booking for their vacation rentals.

Offline Booking Mode:

Conversely, the offline booking mode segment of the Short-term Vacation Rental Market caters to consumers who prefer to book their accommodations through traditional offline channels such as travel agencies or direct contact with property owners. While this segment may not experience as rapid growth as the online platform-based segment, it still appeals to a certain demographic of travelers who prefer the personal touch and reassurance of booking through offline channels.

Home Accommodation Type:

The segment analysis of the Short-term Vacation Rental Market based on home accommodation type focuses on the growing popularity of renting private homes for vacation stays. This segment appeals to travelers seeking a more intimate and personalized experience during their vacations. Home rentals also provide a sense of authenticity and local charm that may be lacking in other types of accommodations.

Resort/Condominium Accommodation Type:

On the other hand, the resort/condominium accommodation type segment of the Short-term Vacation Rental Market caters to travelers looking for a more luxurious and amenity-rich vacation experience. This segment includes rental options in resorts, condominiums, and other high-end properties that offer a range of amenities such as pools, spas, and onsite dining options. This segment is expected to appeal to travelers who prioritize comfort and convenience during their vacation stays.

Get more details on this report -

Competitive Landscape:

Top Market Players:

1. Airbnb

2. Booking Holdings

3. Expedia Group

4. Agoda

5. HomeAway

6. TripAdvisor

7. Vrbo

8. Vacasa

9. TurnKey Vacation Rentals

10. Sykes Holiday Cottages

In today's competitive landscape, the Short-term Vacation Rental Market is largely dominated by companies such as Airbnb, Booking Holdings, and Expedia Group. These companies offer a wide range of rental options and cater to customers from various regions around the world. Other key players in the market include Agoda, HomeAway, TripAdvisor, Vrbo, Vacasa, TurnKey Vacation Rentals, and Sykes Holiday Cottages. These companies continue to innovate and expand their services to meet the increasing demands of the market.

Our Clients

Why Choose Us

Specialized Expertise: Our team comprises industry experts with a deep understanding of your market segment. We bring specialized knowledge and experience that ensures our research and consulting services are tailored to your unique needs.

Customized Solutions: We understand that every client is different. That's why we offer customized research and consulting solutions designed specifically to address your challenges and capitalize on opportunities within your industry.

Proven Results: With a track record of successful projects and satisfied clients, we have demonstrated our ability to deliver tangible results. Our case studies and testimonials speak to our effectiveness in helping clients achieve their goals.

Cutting-Edge Methodologies: We leverage the latest methodologies and technologies to gather insights and drive informed decision-making. Our innovative approach ensures that you stay ahead of the curve and gain a competitive edge in your market.

Client-Centric Approach: Your satisfaction is our top priority. We prioritize open communication, responsiveness, and transparency to ensure that we not only meet but exceed your expectations at every stage of the engagement.

Continuous Innovation: We are committed to continuous improvement and staying at the forefront of our industry. Through ongoing learning, professional development, and investment in new technologies, we ensure that our services are always evolving to meet your evolving needs.

Value for Money: Our competitive pricing and flexible engagement models ensure that you get maximum value for your investment. We are committed to delivering high-quality results that help you achieve a strong return on your investment.

Select Licence Type

Single User

US$ 4250

Multi User

US$ 5050

Corporate User

US$ 6150

Short-term Vacation Rental Market Size & Share, By...

RD Code : 24