Vacation rental Market worth $75bn in 2021

Vacation rental market was estimated to be $75bn in 2021 and is expected to grow at a CAGR of 5.1% over next ten years.

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Key Trends
The vacation rental market has seen a number of key trends in recent years. One of the most notable is the rise of the sharing economy, which has led to a significant increase in the number of people using vacation rental platforms like Airbnb and HomeAway. This has in turn created a more competitive market, with vacation rental companies offering a wider range of services and amenities to guests.

Another key trend is the increasing use of technology by vacation rental companies. This has ranged from the use of online booking platforms to the development of mobile apps that allow guests to book and manage their stay. Vacation rental companies are also using data analytics to better understand customer preferences and to target marketing efforts.

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Market Segments
By Accommodation Type

Home
Apartments
Resort/Condominium
Others
By Booking Mode

Online
Offline

Key Players Airbnb, HomeAway, VRBO, Expedia, Booking.com, FlipKey, HouseTrip, Onefinestay, Luxury Retreats, Villas.com, Casamundo
TripAdvisor Vacation Rentals, Owners Direct
Holiday Lettings, HomeToGo, Wimdu, Feels Like Home, 9flats., Yescapa

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