Vacation Rental Market Showing Impressive Growth during Forecast Period 2023 - 2031

New York, Global 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.

Vacation rental market report from Global Insight Services is the single authoritative source of intelligence on Vacation Rental Market. The report will provide you with analysis of impact of latest market disruptions such as Russia-Ukraine war and Covid-19 on the market. Report provides qualitative analysis of the market using various frameworks such as Porters' and PESTLE analysis. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.

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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.

Finally, the vacation rental market is becoming more consolidated, with a few large players accounting for a greater share of the market. This is leading to increased competition and pressure on margins.

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Key Drivers

The vacation rental market has exploded in recent years due in large part to the sharing economy. The rise of platforms like Airbnb and HomeAway have made it easier than ever for people to list their properties and find renters. At the same time, these platforms have made it easier for travelers to find vacation rentals that fit their budget and preferences.

The vacation rental market is also being driven by a desire for more unique and authentic travel experiences. Travelers are increasingly interested in staying in local neighborhoods and getting a taste of the local culture. Vacation rentals often offer more space and amenities than hotel rooms, making them appealing to families and groups.

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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

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