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Vacation Rental Market Size to Worth Around US$ 111.2 Billion by 2030

[150+ Pages Report] As per the latest Research and survey report issued by Precedence Research, the global vacation rental market was valued at around USD 26.5 billion in 2021 and is expected to register revenues worth USD 111.2 billion by the end of 2030, growing at an exceptional CAGR of approximately 17.3% between 2022 and 2030.

Vacation Rental

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Vacation Rental Market Growth Factors:

The global vacation rental market is primarily driven by the growth of the tourism industry. The rising awareness among the travelers regarding the availability of the vacation rental services and the rising tourism activities by the millennials are the major drivers of the vacation rental market.

Vacation Rental Market Report Scope
Report Coverage Details
Market Size in 2020 US$ 22.7 billion
Revenue Projection by 2030 US$ 111.2 billion
Growth Rate CAGR of 17.3% From 2021 to 2030
Largest Market Europe
Fastest Growing Market Asia Pacific
Base Year 2021
Forecast Period 2021 to 2030

The low cost availability of homes, big space, and comfort offered by the vacation rentals is boosting the adoption of the vacation rentals among the population. The millennials are projected to be the most significant drivers of the market. According to the Airbnb, the millennials and the younger generations will constitute around 75% of the tourist population by 2025.

The increased penetration of internet and various social media platforms plays a crucial role in the spreading awareness about the destinations, hotels, restaurants, and vacation rentals among the population. The vacation rental market is fueled by the heavy investments pumped by the government towards the development of the connectivity and infrastructure especially in the developing nations is augmenting the market growth.

Vacation Rental Market Report Highlights
  • Based on the accommodation, the homes segment dominated the market with around 48% of the market share in 2020. The higher preferences for the homes as it is affordable, spacious, safe, and it perfectly serves the baby boomers. The rising investments by the market players in the development of various homes for the tourists for serving it as a vacation rental is further expected to fuel the market growth.
  • Based on the booking mode, the online segment is expected to be the fastest-growing segment owing to the rising adoption of internet and smartphones among the population. Moreover, the rising popularity of various online service providers and the aggressive digital marketing strategies adopted by them is fueling the adoption of online booking mode across the globe.

Competition Landscape

The report has engulfed a chapter on the global electric vehicle market’s competitive landscape, which provides detailed analysis and insights on companies offering electric vehicle. Profiles of key companies, along with a strategic overview of their M&A and expansion plans across geographies, have been delivered in this chapter. This chapter is priceless for report readers, as its enables them in gauging their growth potential in the market and implement key strategies for extending their market reach.

This chapter offers key recommendations for both new and existing market participants, enabling them to emerge sustainably and profitably. Intelligence on the market players has been delivered on the basis of their product overview, SWOT analysis, key developments, key financials and company overview. Occupancy of these market participants has been tracked by the report and portrayed via an intensity map.

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some of the prominent players in the vacation Rrental market include:
  • 9flats
  • Airbnb
  • Booking.com
  • Expedia
  • Hotelplan Management AG
  • MAKEMYTRIP PVT. LTD.
  • NOVASOL
  • OYO Hotels & Homes
  • TripAdvisor LLC
  • Wyndham Destinations
  • Trivago
  • Agoda Company Pte. Ltd.
  • Yatra Online Private Limited
  • Hotwire, Inc.
  • HotelsCombined
  • Hotels.com
  • BookingBuddy.com, Inc.
  • priceline.com LLC
  • KAYAK
  • Google
Vacation Rental Market Segments

By Accommodation

  • Apartments
  • Homes
  • Resorts
  • Others

By Booking Mode

  • Offline
  • Online

Regional Segmentation

  • Asia-Pacific [China, Southeast Asia, India, Japan, Korea, Western Asia]
  • Europe [Germany, UK, France, Italy, Russia, Spain, Netherlands, Turkey, Switzerland]
  • North America [United States, Canada, Mexico]
  • South America [Brazil, Argentina, Columbia, Chile, Peru]
  • Middle East & Africa [GCC, North Africa, South Africa]

Regional Analysis

The research report includes a detailed study of regions of North America, Europe, China, Japan and Rest of the World. The report has been curated after observing and studying various factors that determine regional growth such as economic, environmental, social, technological, and political status of the particular region. Analysts have studied the data of revenue and manufacturers of each region. This section analyses region-wise revenue and volume for the forecast period of 2019 to 2030. These analyses will help the reader to understand the potential worth of investment in a particular region.

The report provides in-depth segment analysis of the global vacation Rrental market, thereby providing valuable insights at macro as well as micro levels. Analysis of major countries, which hold growth opportunities or account for significant share has also been included as part of geographic analysis of the vacation Rrental market.

The report includes country-wise and region-wise market size for the period 2019-2030. It also includes market size and forecast by segments in terms of production capacity, price and revenue for the period 2019-2030.

Why should you invest in this report?

If you are aiming to enter the global vacation Rrental market, this report is a comprehensive guide that provides crystal clear insights into this niche market. All the major application areas for vacation Rrental are covered in this report and information is given on the important regions of the world where this market is likely to boom during the forecast period of 2021-2030 so that you can plan your strategies to enter this market accordingly.

Besides, through this report, you can have a complete grasp of the level of competition you will be facing in this hugely competitive market and if you are an established player in this market already, this report will help you gauge the strategies that your competitors have adopted to stay as market leaders in this market. For new entrants to this market, the voluminous data provided in this report is invaluable.

Table of Contents

Chapter 1. Introduction

1.1. Research Objective

1.2. Scope of the Study

1.3. Definition

Chapter 2. Research Methodology

2.1. Research Approach

2.2. Data Sources

2.3. Assumptions & Limitations

Chapter 3. Executive Summary

3.1. Market Snapshot

Chapter 4. Market Variables and Scope 

4.1. Introduction

4.2. Market Classification and Scope

4.3. Industry Value Chain Analysis

4.3.1. Raw Material Procurement Analysis

4.3.2. Sales and Distribution Channel Analysis

4.3.3. Downstream Buyer Analysis

Chapter 5. COVID 19 Impact on Vacation Rental Market 

5.1. COVID-19 Landscape: Vacation Rental Industry Impact

5.2. COVID 19 – Impact Assessment for the Industry

5.3. COVID 19 Impact: Global Major Government Policy

5.4. Market Trends and Opportunities in the COVID-19 Landscape

Chapter 6. Market Dynamics Analysis and Trends

6.1. Market Dynamics

6.1.1. Market Drivers

6.1.2. Market Restraints

6.1.3. Market Opportunities

6.2. Porter’s Five Forces Analysis

6.2.1. Bargaining power of suppliers

6.2.2. Bargaining power of buyers

6.2.3. Threat of substitute

6.2.4. Threat of new entrants

6.2.5. Degree of competition

Chapter 7. Competitive Landscape

7.1.1. Company Market Share/Positioning Analysis

7.1.2. Key Strategies Adopted by Players

7.1.3. Vendor Landscape

7.1.3.1. List of Suppliers

7.1.3.2. List of Buyers

Chapter 8. Global Vacation Rental Market, By Accommodation

8.1. Vacation Rental Market, by Accommodation Type, 2021-2030

8.1.1. Apartments

8.1.1.1. Market Revenue and Forecast (2019-2030)

8.1.2. Homes

8.1.2.1. Market Revenue and Forecast (2019-2030)

8.1.3. Resorts

8.1.3.1. Market Revenue and Forecast (2019-2030)

8.1.4. Others

8.1.4.1. Market Revenue and Forecast (2019-2030)

Chapter 9. Global Vacation Rental Market, By Booking Mode

9.1. Vacation Rental Market, by Booking Mode, 2021-2030

9.1.1. Offline

9.1.1.1. Market Revenue and Forecast (2019-2030)

9.1.2. Online

9.1.2.1. Market Revenue and Forecast (2019-2030)

Chapter 10. Global Vacation Rental Market, Regional Estimates and Trend Forecast

10.1. North America

10.1.1. Market Revenue and Forecast, by Accommodation (2019-2030)

10.1.2. Market Revenue and Forecast, by Booking Mode (2019-2030)

10.1.3. U.S.

10.1.3.1. Market Revenue and Forecast, by Accommodation (2019-2030)

10.1.3.2. Market Revenue and Forecast, by Booking Mode (2019-2030)

10.1.4. Rest of North America

10.1.4.1. Market Revenue and Forecast, by Accommodation (2019-2030)

10.1.4.2. Market Revenue and Forecast, by Booking Mode (2019-2030)

10.2. Europe

10.2.1. Market Revenue and Forecast, by Accommodation (2019-2030)

10.2.2. Market Revenue and Forecast, by Booking Mode (2019-2030)

10.2.3. UK

10.2.3.1. Market Revenue and Forecast, by Accommodation (2019-2030)

10.2.3.2. Market Revenue and Forecast, by Booking Mode (2019-2030)

10.2.4. Germany

10.2.4.1. Market Revenue and Forecast, by Accommodation (2019-2030)

10.2.4.2. Market Revenue and Forecast, by Booking Mode (2019-2030)

10.2.5. France

10.2.5.1. Market Revenue and Forecast, by Accommodation (2019-2030)

10.2.5.2. Market Revenue and Forecast, by Booking Mode (2019-2030)

10.2.6. Rest of Europe

10.2.6.1. Market Revenue and Forecast, by Accommodation (2019-2030)

10.2.6.2. Market Revenue and Forecast, by Booking Mode (2019-2030)

10.3. APAC

10.3.1. Market Revenue and Forecast, by Accommodation (2019-2030)

10.3.2. Market Revenue and Forecast, by Booking Mode (2019-2030)

10.3.3. India

10.3.3.1. Market Revenue and Forecast, by Accommodation (2019-2030)

10.3.3.2. Market Revenue and Forecast, by Booking Mode (2019-2030)

10.3.4. China

10.3.4.1. Market Revenue and Forecast, by Accommodation (2019-2030)

10.3.4.2. Market Revenue and Forecast, by Booking Mode (2019-2030)

10.3.5. Japan

10.3.5.1. Market Revenue and Forecast, by Accommodation (2019-2030)

10.3.5.2. Market Revenue and Forecast, by Booking Mode (2019-2030)

10.3.6. Rest of APAC

10.3.6.1. Market Revenue and Forecast, by Accommodation (2019-2030)

10.3.6.2. Market Revenue and Forecast, by Booking Mode (2019-2030)

10.4. MEA

10.4.1. Market Revenue and Forecast, by Accommodation (2019-2030)

10.4.2. Market Revenue and Forecast, by Booking Mode (2019-2030)

10.4.3. GCC

10.4.3.1. Market Revenue and Forecast, by Accommodation (2019-2030)

10.4.3.2. Market Revenue and Forecast, by Booking Mode (2019-2030)

10.4.4. North Africa

10.4.4.1. Market Revenue and Forecast, by Accommodation (2019-2030)

10.4.4.2. Market Revenue and Forecast, by Booking Mode (2019-2030)

10.4.5. South Africa

10.4.5.1. Market Revenue and Forecast, by Accommodation (2019-2030)

10.4.5.2. Market Revenue and Forecast, by Booking Mode (2019-2030)

10.4.6. Rest of MEA

10.4.6.1. Market Revenue and Forecast, by Accommodation (2019-2030)

10.4.6.2. Market Revenue and Forecast, by Booking Mode (2019-2030)

10.5. Latin America

10.5.1. Market Revenue and Forecast, by Accommodation (2019-2030)

10.5.2. Market Revenue and Forecast, by Booking Mode (2019-2030)

10.5.3. Brazil

10.5.3.1. Market Revenue and Forecast, by Accommodation (2019-2030)

10.5.3.2. Market Revenue and Forecast, by Booking Mode (2019-2030)

10.5.4. Rest of LATAM

10.5.4.1. Market Revenue and Forecast, by Accommodation (2019-2030)

10.5.4.2. Market Revenue and Forecast, by Booking Mode (2019-2030)

Chapter 11. Company Profiles

11.1. 9flats

11.1.1. Company Overview

11.1.2. Product Offerings

11.1.3. Financial Performance

11.1.4. Recent Initiatives

11.2. Airbnb

11.2.1. Company Overview

11.2.2. Product Offerings

11.2.3. Financial Performance

11.2.4. Recent Initiatives

11.3. Booking.com

11.3.1. Company Overview

11.3.2. Product Offerings

11.3.3. Financial Performance

11.3.4. Recent Initiatives

11.4. Expedia

11.4.1. Company Overview

11.4.2. Product Offerings

11.4.3. Financial Performance

11.4.4. Recent Initiatives

11.5. Hotelplan Management AG

11.5.1. Company Overview

11.5.2. Product Offerings

11.5.3. Financial Performance

11.5.4. Recent Initiatives

11.6. MAKEMYTRIP PVT. LTD.

11.6.1. Company Overview

11.6.2. Product Offerings

11.6.3. Financial Performance

11.6.4. Recent Initiatives

11.7. NOVASOL

11.7.1. Company Overview

11.7.2. Product Offerings

11.7.3. Financial Performance

11.7.4. Recent Initiatives

11.8. OYO Hotels & Homes

11.8.1. Company Overview

11.8.2. Product Offerings

11.8.3. Financial Performance

11.8.4. Recent Initiatives

11.9. TripAdvisor LLC

11.9.1. Company Overview

11.9.2. Product Offerings

11.9.3. Financial Performance

11.9.4. Recent Initiatives

11.10. Wyndham Destinations

11.10.1. Company Overview

11.10.2. Product Offerings

11.10.3. Financial Performance

11.10.4. Recent Initiatives

Chapter 12. Research Methodology

12.1. Primary Research

12.2. Secondary Research

12.3. Assumptions

Chapter 13. Appendix

13.1. About Us

13.2. Glossary of Terms

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Janet Edward

I have completed my education in Bachelors in Computer Application. A focused learner having a keen interest in the field of digital marketing, SEO, SMM, and Google Analytics enthusiastic to learn new things along with building leadership skills.

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