Short-Term Vacation Rental Market Anticipated To Witness Robust Growth, Surpassing $184.51 Billion By 2029

The Short-Term Vacation Rental Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].

What Is the Current Short-Term Vacation Rental Market Size and Its Estimated Growth Rate?
The short-term vacation rental market has expanded steadily in recent years. It will increase from $120.77 billion in 2024 to $131.65 billion in 2025, with a CAGR of 9.0%. Contributing factors include greater travel activity, a rise in remote work culture, higher disposable incomes, and growing interest in rural or scenic getaways.

The short-term vacation rental market is forecast to grow rapidly, reaching $184.51 billion by 2029, at a CAGR of 8.8%. This growth is attributed to the increase in remote work, rising demand for eco-friendly vacation options, better personalized recommendations, preference for unique travel experiences, and expanded travel networks. Major trends include smart home integration, AI and data analytics for tailored experiences, the rise of remote work, virtual and augmented reality integration, and specialized rentals catering to specific interests.

Purchase the full report for exclusive industry analysis:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=18730

How Are Emerging Segments Shaping the Short-Term Vacation Rental Market Landscape?
The short-term vacation rental market covered in this report is segmented -

1) By Accommodation Type: Home, Apartments, Resorts Or Condominium, Other Accommodation Types
2) By Booking Mode: Online Or Platform-Based, Offline
3) By Management: Managed By Owners, Professionally Managed

Subsegments:
1) By Home: Single-Family Homes, Villas And Private Homes, Luxury Homes, Cottages And Cabins
2) By Apartments: Entire Apartments, Studio Apartments, Shared Apartments, Lofts
3) By Resorts Or Condominiums: Beach Resorts, Ski Resorts, Luxury Condominiums, All-Inclusive Resorts
4) By Other Accommodation Types: Bed And Breakfasts (B&B), Hostels, Farm Stays And Rural Accommodation, Glamping (Glamorous Camping), Boats Or Yachts, Treehouses or Unique Stays

Get your free sample here:
https://www.thebusinessresearchcompany.com/sample.aspx?id=18730&type=smp

Which Growth Factors Are Influencing Short-Term Vacation Rental Market Expansion?
The growing number of travelers is anticipated to drive the short-term vacation rental market's expansion. This rise in travelers is fueled by greater disposable income and a desire for diverse, unique experiences. Short-term vacation rentals are becoming popular for offering more personalized, cost-effective accommodations with local experiences and home-like amenities. For instance, in May 2024, the Office for National Statistics reported that the UK saw a rise in overseas visitors, with 38 million trips in 2023 compared to 31.2 million in 2022. Visitors spent £31.1 billion, marking a £4.6 billion increase from the previous year. Therefore, the growing number of travelers is boosting the short-term vacation rental market.

Who Are the Dominant Players Across Different Short-Term Vacation Rental Market Segments?
Major companies operating in the short-term vacation rental market are Booking Holdings Inc., Expedia Group Inc., Airbnb Inc., Wyndham Destinations Inc., Agoda Company Pte. Ltd., Tripadvisor Inc., Vacasa Inc., Oravel Stays Private Limited, NOVASOL A/S, MakeMyTrip Pvt. Ltd., Hotelplan Management AG, Evolve Vacation Rental Network Inc., Hopper Inc., Holidu GmbH, Vacation Rental Pros Property Management LLC, HomeToGo GmbH, Atraveo GmbH, 9flats.com PTE Ltd., Housewise Services Pvt. Ltd., Homestay Technologies Ltd., Casiola WorldWide LLC, Homely Stays Pte. Ltd., StayBeyond Ltd

What Short-Term Vacation Rental Market Trends Are Gaining Traction Across Different Segments?
Leading companies in the short-term rental market are focusing on developing property management solutions to improve efficiency and guest satisfaction. These solutions are advanced systems that automate booking, maintenance, and communication tasks for rental properties. For example, in January 2024, Guesty, an Israel-based provider of property management software, introduced Guesty Lite. This solution caters to hosts with 1-3 properties, offering essential features like enhanced listing visibility, task automation, and a scalable platform to boost revenue and improve guest experiences.

Get the full report for exclusive industry analysis:
https://www.thebusinessresearchcompany.com/report/short-term-vacation-rental-global-market-report

Which Geographic Regions Are Expected to Dominate the Short-Term Vacation Rental Market in the Coming Years?
North America was the largest region in the short-term vacation rental market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the short-term vacation rental market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Short-Term Vacation Rental Market?
2. What is the CAGR expected in the Short-Term Vacation Rental Market?
3. What Are the Key Innovations Transforming the Short-Term Vacation Rental Industry?
4. Which Region Is Leading the Short-Term Vacation Rental Market?

Why This Report Matters:

Competitive overview: This report analyzes the competitive landscape of the 3D imaging software market, evaluating key players on market share, revenue, and growth factors.

Informed Decisions: Understand key strategies related to products, segmentation, and industry trends.

Efficient Research: Quickly identify market growth, leading players, and major segments.

Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.

Contact Us
Europe: +44 207 1930 708,
Asia: +91 88972 63534,
Americas: +1 315 623 0293 or
Email: mailto:info@tbrc.info

Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.

This release was published on openPR.