The global vacation rental market was estimated at US$ 22.7 billion in 2020 and is expected to reach over US$ 111.2 billion by 2030, poised to grow at a CAGR of 17.3% from 2021 to 2030.
Millennials are the major force in boosting the growth of the vacation rental industry. Rising expenditure on travel, vacations, and accommodation among this generation is fueling the market growth. Fake listing of apartments, condos, and homes is acting as a restraint for market growth. Moreover, the growing pandemic of coronavirus (COVID-19) since December 2019 started impacting the growth of the market for vacation rental.
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Report Scope of the Vacation Rental Market
|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|
|Fastest Growing Market||Asia Pacific|
|Forecast Period||2021 to 2030|
Recent report on the Vacation rental market, with the help of a comprehensive outlook, provides readers with an assessment of the global market landscape. This study on the Vacation rental market analyzes the scenario for the period of 2017 to 2030, wherein, 2021 is the base year and 2020 is historical data. This report enables readers to make important decisions with regard to their business, with the help of a wealth of Information enclosed in the study. The report also provides the compound annual growth rate (CAGR) of the global Vacation rental market for the forecast period of 2021–2030. This data can help readers interpret quantitative growth aspects of the global market during the forecast period. It presents a wealth of information on key market dynamics, including drivers, market trends, and challenges, as well as the structure of the global market across the globe.
The report analyzes the historical and present-day scenario of the global Vacation rental market to accurately gauge its growth potential. The study presents detailed information about important growth factors, restraints, and key trends that are creating the landscape for growth of the global market in order to identify opportunities for stakeholders.
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The report includes an elaborate executive summary, along with a snapshot of the growth behavior of various segments in the scope of the study. Moreover, the report sheds light on the changing competitive dynamics in the Vacation rental market. These indices serve as valuable tools for existing market players as well as for entities interested in participating in the market.
The report delves into the competition landscape of the global Vacation rental market. Key players operating in the market have been identified and each one of these has been profiled for distinguishing business attributes. Company overview, financial standings, recent developments, and SWOT are some of the attributes of players in the Vacation rental market that are profiled in this report.
Y-o-Y growth comparison, volume and revenue comparison, and market share comparison of various market segments are provided in the report. The Vacation rental market is analyzed at both regional and country levels.
- Hotelplan Management AG
- MAKEMYTRIP PVT. LTD.
- OYO Hotels & Homes
- TripAdvisor LLC
- Wyndham Destinations
- Agoda Company Pte. Ltd.
- Yatra Online Private Limited
- Hotwire, Inc.
- BookingBuddy.com, Inc.
- priceline.com LLC
Key Questions are
- What are the key factors influencing the Vacation rental market in each region?
- How much value will the global market generate by the end of the forecast period?
- What will be the CAGR of the global market between 2019 and 2030?
- What would be the Y-o-Y growth trend of the global market between 2019 and 2030?
- What is the future scope and current trends in technologies of the global market?
- What is the revenue of the global market based on segments?
- Which key strategies are used by top players of the global market?
- Which are the leading companies in the global market?
- What are the essential strategies by key stakeholders in the market to expand their geographic presence?
- What are the major advancements witnessed in the global market?
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A unique research methodology has been utilized to conduct a comprehensive research on the growth of the global Vacation rental market and arrive at conclusions on the future growth prospects of the market. This research methodology is a combination of primary and secondary research, which helps analysts warrant the accuracy and reliability of the drawn conclusions. Secondary sources referred to by analysts during the production of the global market report include statistics from company annual reports, SEC filings, company websites, World Bank database, investor presentations, regulatory databases, government publications, and industry white papers. Analysts have also interviewed senior managers, product portfolio managers, CEOs, VPs, and market intelligence managers, who contributed to the production of our study on the market as a primary source.
These primary and secondary sources provided exclusive information during interviews, which serves as a validation from mattress topper industry leaders. Access to an extensive internal repository and external proprietary databases allows this report to address specific details and questions about the global Vacation rental market with accuracy. The study also uses the top-down approach to assess the numbers for each segment and the bottom-up approach to counter-validate them. This has helped to estimates the future prospects of the global market more reliable and accurate.
By Booking Mode
- North America
- Asia Pacific
- South Korea
- Rest of the World
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