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.
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.
Industry
Report Coverage | Details |
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Segments Covered | Accommodation 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 Profiled | 9flats.com PTE., Airbnb,, Booking Holdings, Expedia Group,, Hotelplan Management AG, MakeMyTrip Pvt.., NOVASOL A/S, Oravel Stays Private Limited, Tripadvisor,, Wyndham Destinations, |
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.