Vacation Rental Market Size
Market Outlook:
Vacation Rental Market size surpassed USD 73.56 Billion in 2023 and is poised to exceed USD 112.17 Billion by end of the year 2032, growing at over 4.8% CAGR between 2024 and 2032.
Base Year Value (2023)
USD 73.56 Billion
19-23
x.x %
24-32
x.x %
CAGR (2024-2032)
4.8%
19-23
x.x %
24-32
x.x %
Forecast Year Value (2032)
USD 112.17 Billion
19-23
x.x %
24-32
x.x %
Historical Data Period
2019-2023
Largest Region
Europe
Forecast Period
2024-2032
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Market Dynamics:
Growth Drivers & Opportunity:1. Increasing demand for unique and authentic travel experiences
2. Rising popularity of vacation rental platforms and apps
3. Growing preference for vacation rentals over traditional hotels for extended stays
4. Expansion of vacation rental inventory in emerging markets
Industry
Report Scope
| Report Coverage | Details |
|---|---|
| Segments Covered | Accommodation, 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 | Airbnb, Expedia Group, MakeMyTrip Pvt.., NOVASOL AS, 9flats.com Pte., Booking Holdings, Hotelplan Holding AG, Oravel Stays Pvt.., Wyndham Destinations, and TripAdvisor |
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1. Regulatory challenges and restrictions in certain regions
2. Intense competition among vacation rental platforms
3. Concerns over safety and security for both hosts and guests
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