Vacation Rental Market is expected to grow to USD 123.69 Billion by 2032, at a CAGR 4.90% from 2024 to 2032 | Polaris Market Research

The global vacation rental market was valued at USD 81.42 billion in 2023 and is expected to grow to USD 123.69 billion by 2032. The market is expected to register a CAGR of 4.90% during the forecast period from 2024 to 2032.

𝐕𝐚𝐫𝐢𝐨𝐮𝐬 𝐟𝐚𝐜𝐭𝐨𝐫𝐬 𝐩𝐫𝐨𝐩𝐞𝐥𝐥𝐢𝐧𝐠 𝐭𝐡𝐞 𝐝𝐞𝐦𝐚𝐧𝐝 𝐟𝐨𝐫 𝐭𝐡𝐞 𝐯𝐚𝐜𝐚𝐭𝐢𝐨𝐧 𝐫𝐞𝐧𝐭𝐚𝐥 𝐢𝐧𝐝𝐮𝐬𝐭𝐫𝐲 𝐢𝐧𝐜𝐥𝐮𝐝𝐞:

• Travelers are increasingly preferring rental properties over traditional hotels for several compelling reasons. Rental properties are more budget-friendly and deliver a more elevated level of convenience and privacy than hotels.

• The increasing number of vacation rentals has fueled market demand, fueled by their cost-effectiveness as compared to hotels.

• The increasing popularity of vacation rentals reflects their capacity to cater to the various needs of everyday visitors seeking relaxing and customizable capacities for their journeys.

𝐆𝐚𝐢𝐧 𝐀𝐜𝐜𝐞𝐬𝐬 𝐭𝐨 𝐚 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐃𝐅 𝐨𝐟 𝐭𝐡𝐞 𝐋𝐞𝐚𝐭𝐡𝐞𝐫 𝐆𝐨𝐨𝐝𝐬 𝐌𝐚𝐫𝐤𝐞𝐭 @ https://www.polarismarketresearch.com/industry-analysis/vacation-rental-market/request-for-sample

𝐖𝐡𝐚𝐭 𝐀𝐫𝐞 𝐕𝐚𝐜𝐚𝐭𝐢𝐨𝐧 𝐑𝐞𝐧𝐭𝐚𝐥𝐬?

Vacation rentals are confidential lodgings rented out to tourists on a short-term base. They are completely furnished flats, condos, cottages, lodges, or houses where visitors can use the amenities, kitchen, and outdoor space. Travelers are noticed as options to standard hotel visits, giving tourists more solitude, space, and usually the consistency of a regional lifestyle. Travelers have long existed as a famous travel choice in Europe, especially in the UK and Canada, and are becoming increasingly widespread globally.

𝐓𝐨𝐩 𝐂𝐨𝐦𝐩𝐚𝐧𝐢𝐞𝐬:

The market is fragmented and is expected to witness competition due to several participants company. Some of the leading companies in the vacation rental market are:

• Airbnb
• Booking Holdings
• Expedia Group
• Hotelplan Holding
• MakeMyTrip
• NOVASOL
• Oravel Stays
• TripAdvisor
• Wyndham Destinations.

𝐁𝐮𝐲 𝐭𝐡𝐢𝐬 𝐏𝐫𝐞𝐦𝐢𝐮𝐦 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐑𝐞𝐩𝐨𝐫𝐭: https://www.polarismarketresearch.com/buy/2778/2

𝐕𝐚𝐜𝐚𝐭𝐢𝐨𝐧 𝐑𝐞𝐧𝐭𝐚𝐥 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐩𝐨𝐫𝐭 𝐇𝐢𝐠𝐡𝐥𝐢𝐠𝐡𝐭𝐬:

• Home accommodation held the largest share, owing to the preference of stay homes among travelers, access to amenities, and appropriate safety features

• Online channels segment will grow at the fastest rate, due to rising penetration of smartphones across regions, rental service providers, and online service providers

• Europe dominated the market, due to presence of high-net-worth individuals with desire to travel abroad

• APAC witnessed the highest growth rate; this is primarily due to presence of young population in the South Asian nations seeking luxury travel across exotic locations

𝐑𝐞𝐠𝐢𝐨𝐧𝐚𝐥 𝐋𝐚𝐧𝐝𝐬𝐜𝐚𝐩𝐞:
North America
Europe
Asia Pacific
Latin America
Middle East & Africa

𝑪𝒍𝒊𝒄𝒌 𝑯𝒆𝒓𝒆 𝒕𝒐 𝑨𝒄𝒄𝒆𝒔𝒔 𝒕𝒉𝒆 𝑭𝒖𝒍𝒍 𝑹𝒆𝒑𝒐𝒓𝒕: https://www.polarismarketresearch.com/industry-analysis/vacation-rental-market

𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐚𝐥 𝐁𝐫𝐞𝐚𝐤𝐝𝐨𝐰𝐧:
The market segmentation is mainly based on accommodation type, booking mode, and region. In 2022, the home accommodation segment accounted for the largest market share. Home accommodations are mainly popular among tourists due to their generous room availability, improved safety, and access to suitable comfort.

Moreover, according to the booking mode, the Offline segment is expected to maintain a considerable vacation rental market share in 2022 because of customers' increasing penetration of the internet and smartphones; there is an expected shift in client priorities towards online booking methods.

𝐓𝐨𝐩 𝐓𝐫𝐞𝐧𝐝𝐢𝐧𝐠 𝐑𝐞𝐩𝐨𝐫𝐭𝐬 𝐛𝐲 𝐏𝐨𝐥𝐚𝐫𝐢𝐬 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡:

𝑷𝒓𝒆𝒈𝒏𝒂𝒏𝒄𝒚 𝑷𝒊𝒍𝒍𝒐𝒘𝒔 𝑴𝒂𝒓𝒌𝒆𝒕: https://www.polarismarketresearch.com/industry-analysis/pregnancy-pillow-market
𝑯𝒐𝒎𝒆 𝑭𝒓𝒂𝒈𝒓𝒂𝒏𝒄𝒆 𝑫𝒊𝒇𝒇𝒖𝒔𝒆𝒓𝒔 𝑴𝒂𝒓𝒌𝒆𝒕: https://www.polarismarketresearch.com/industry-analysis/home-fragrance-diffuser-market
𝑯𝒐𝒎𝒆 𝑭𝒓𝒂𝒈𝒓𝒂𝒏𝒄𝒆 𝑫𝒊𝒇𝒇𝒖𝒔𝒆𝒓𝒔 𝑴𝒂𝒓𝒌𝒆𝒕: https://www.polarismarketresearch.com/industry-analysis/intimate-lingerie-market
𝑷𝒍𝒂𝒏𝒕𝒆𝒓𝒔 𝑴𝒂𝒓𝒌𝒆𝒕: https://www.polarismarketresearch.com/industry-analysis/planters-market

𝐂𝐨𝐧𝐭𝐚𝐜𝐭 𝐈𝐧𝐟𝐨:
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