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Vacation Rental Market Size, Share & Trends Analysis Report by Accommodation Type (Home, Apartments, Resort/Condominium), by Booking Mode (Online, Offline), by Region, and Segment Forecasts, 2022-2030

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    Report

  • 96 Pages
  • March 2022
  • Region: Global
  • Grand View Research
  • ID: 5569695
Description Jump to:
The global vacation rental market size is expected to reach USD 119.0 billion by 2030. It is expected to expand at a CAGR of 5.3% from 2022 to 2030. Owing to the comfort, low cost, more privacy, and kids and pet-friendly nature of accommodation, travelers are more inclined towards vacation rental property and homes over hotels.



Moreover, vacation rentals offer a variety of high-quality, affordable accommodation options at several destinations, which is likely to boost the growth of the market. As per the Turnkey blog in 2019, the industry is at roughly a 10% growth rate this decade, largely affected by travelers’ desires to stay in a home instead of a hotel. According to the TurnKey Vacation Rentals’ 2019 Consumer Travel Survey, 64% of travelers preferred staying in vacation rentals as opposed to hotels, which is up by 10% from the 2018 Consumer Travel Survey.

Additionally, the evolving trend of transformational travel surrounding wellness trips in order to restore balance and transform the mind, spirit, and body is expected to drive the market over the forecast period. According to a blog by Hospitality Net, typical holidays such as sun, sand, and sea; skiing; sightseeing; and shopping are expected to be high in demand. Furthermore, a higher preference for domestic travel compared to international travel is likely to boost the domestic vacation rental business across the globe.

In terms of accommodation type, the resort/condominium segment is estimated to be the fastest-growing segment over the forecast period. The rising popularity of tourism owing to the increasing number of travelers seeking to unwind while enjoying luxury amenities is expected to fuel the growth of the segment.

Europe led the market with a revenue share of over 30.0% in 2021. Rising travel connectivity, coupled with the rapid penetration of high-speed internet, has made even the most remote places in Europe more accessible to travelers. This is driving the need to explore new, exotic, and exciting locations across the region, thereby fuelling the market growth over the forecast period.

Vacation Rental Market Report Highlights

  • The home accommodation type segment dominated the market with a share of over 45.0% in 2021. Higher preference for homes among travelers owing to the availability of space, safety features, and access to amenities is pushing the growth of the segment
  • Online booking mode is estimated to expand at the highest CAGR of 6.0% over the forecast period. With a rise in the penetration of the internet and smartphone devices across regions, vacation rental service providers are augmenting the growth of online bookings through the rising number of monthly visitors
  • Asia Pacific is expected to register the fastest CAGR of 6.5% from 2022 to 2030. The growth of the market in the region is mainly attributed to the rising expenditure of consumers on traveling and accommodation. Moreover, the rising expenditure of travelers from developing countries, such as India, the Philippines, Vietnam, and Australia, is further estimated to support the market growth in the region


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Table of Contents

Chapter 1. Methodology and Scope
1.1. Market Segmentation & Scope
1.2. Market Definition
1.3. Information Procurement
1.3.1. Purchased Database
1.3.2. Internal Database
1.3.3. Secondary Sources & Third-Party Perspectives
1.3.4. Primary Research
1.4. Information Analysis
1.4.1. Data Analysis Models
1.5. Market Formulation & Data Visualization
1.6. Data Validation & Publishing
Chapter 2. Executive Summary
2.1. Market Outlook
2.2. Segmental Outlook
2.3. Competitive Insights
Chapter 3. Vacation Rental Market Variables, Trends & Scope
3.1. Market Introduction
3.2. Penetration & Growth Prospect Mapping
3.3. Impact of COVID-19 on Vacation Rental Market
3.4. Industry Value Chain Analysis
3.4.1. Sales/Retail Channel Analysis
3.4.2. Profit Margin Analysis
3.5. Market Dynamics
3.5.1. Market Driver Analysis
3.5.2. Market Restraint Analysis
3.5.3. Industry Challenges
3.5.4. Industry Opportunities
3.6. Business Environment Analysis
3.6.1. Industry Analysis-Porter’s
3.6.1.1. Supplier Power
3.6.1.2. Buyer Power
3.6.1.3. Substitution Threat
3.6.1.4. Threat from New Entrant
3.6.1.5. Competitive Rivalry
3.7. Roadmap of Vacation Rental Market
3.8. Market Entry Strategies
Chapter 4. Consumer Behavior Analysis
4.1. Demographic Analysis
4.2. Consumer Trends and Preferences
4.3. Factors Affecting Buying Decision
4.4. Consumer Product Adoption
4.5. Observations & Recommendations
Chapter 5. Vacation Rental Market: Accommodation Type Estimates & Trend Analysis
5.1. Accommodation Type Movement Analysis & Market Share, 2021 & 2030
5.2. Home
5.2.1. Market estimates and forecast, 2017-2030 (USD Million)
5.3. Apartments
5.3.1. Market estimates and forecast, 2017-2030 (USD Million)
5.4. Resort/Condominium
5.4.1. Market estimates and forecast, 2017-2030 (USD Million)
5.5. Others
5.5.1. Market estimates and forecast, 2017-2030 (USD Million)
Chapter 6. Vacation Rental Market: Booking Mode Estimates & Trend Analysis
6.1. Booking mode Movement Analysis & Market Share, 2021 & 2030
6.2. Online
6.2.1. Market estimates and forecast, 2017-2030 (USD Million)
6.3. Offline
6.3.1. Market estimates and forecast, 2017-2030 (USD Million)
Chapter 7. Vacation Rental Market: Regional Estimates & Trend Analysis
7.1. Regional Movement Analysis & Market Share, 2021 & 2030
7.2. North America
7.2.1. Market estimates and forecast, 2017-2030 (USD Million)
7.2.2. Market estimates and forecast, by accommodation type, 2017-2030 (USD Million)
7.2.3. Market estimates and forecast, by booking mode, 2017-2030 (USD Million)
7.2.4. U.S.
7.2.4.1. Market estimates and forecast, 2017-2030 (USD Million)
7.2.4.2. Market estimates and forecast, by accommodation type, 2017-2030 (USD Million)
7.2.4.3. Market estimates and forecast, by booking mode, 2017-2030 (USD Million)
7.3. Europe
7.3.1. Market estimates and forecast, 2017-2030 (USD Million)
7.3.2. Market estimates and forecast, by accommodation type, 2017-2030 (USD Million)
7.3.3. Market estimates and forecast, by booking mode, 2017-2030 (USD Million)
7.3.4. Germany
7.3.4.1. Market estimates and forecast, 2017-2030 (USD Million)
7.3.4.2. Market estimates and forecast, by accommodation type, 2017-2030 (USD Million)
7.3.4.3. Market estimates and forecast, by booking mode, 2017-2030 (USD Million)
7.3.5. U.K.
7.3.5.1. Market estimates and forecast, 2017-2030 (USD Million)
7.3.5.2. Market estimates and forecast, by accommodation type, 2017-2030 (USD Million)
7.3.5.3. Market estimates and forecast, by booking mode, 2017-2030 (USD Million)
7.4. Asia Pacific
7.4.1. Market estimates and forecast, 2017-2030 (USD Million)
7.4.2. Market estimates and forecast, by accommodation type, 2017-2030 (USD Million)
7.4.3. Market estimates and forecast, by booking mode, 2017-2030 (USD Million)
7.4.4. China
7.4.4.1. Market estimates and forecast, 2017-2030 (USD Million)
7.4.4.2. Market estimates and forecast, by accommodation type, 2017-2030 (USD Million)
7.4.4.3. Market estimates and forecast, by booking mode, 2017-2030 (USD Million)
7.4.5. Japan
7.4.5.1. Market estimates and forecast, 2017-2030 (USD Million)
7.4.5.2. Market estimates and forecast, by accommodation type, 2017-2030 (USD Million)
7.4.5.3. Market estimates and forecast, by booking mode, 2017-2030 (USD Million)
7.5. Central & South America
7.5.1. Market estimates and forecast, 2017-2030 (USD Million)
7.5.2. Market estimates and forecast, by accommodation type, 2017-2030 (USD Million)
7.5.3. Market estimates and forecast, by booking mode, 2017-2030 (USD Million)
7.5.4. Brazil
7.5.4.1. Market estimates and forecast, 2017-2030 (USD Million)
7.5.4.2. Market estimates and forecast, by accommodation type, 2017-2030 (USD Million)
7.5.4.3. Market estimates and forecast, by booking mode, 2017-2030 (USD Million)
7.6. Middle East & Africa (MEA)
7.6.1. Market estimates and forecast, 2017-2030 (USD Million)
7.6.2. Market estimates and forecast, by accommodation type, 2017-2030 (USD Million)
7.6.3. Market estimates and forecast, by booking mode, 2017-2030 (USD Million)
7.6.4. Saudi Arabia
7.6.4.1. Market estimates and forecast, 2017-2030 (USD Million)
7.6.4.2. Market estimates and forecast, by accommodation type, 2017-2030 (USD Million)
7.6.4.3. Market estimates and forecast, by booking mode, 2017-2030 (USD Million)
Chapter 8. Competitive Analysis
8.1. Key global players, recent developments & their impact on the industry
8.2. Key Company/Competition Categorization (Key innovators, Market leaders, Emerging players)
8.3. Vendor Landscape
8.3.1. Key company market share analysis, 2021
Chapter 9. Company Profiles
9.1. 9flats.com PTE Ltd.
9.1.1. Company Overview
9.1.2. Financial Performance
9.1.3. Product Benchmarking
9.1.4. Strategic Initiatives
9.2. Airbnb Inc.
9.2.1. Company Overview
9.2.2. Financial Performance
9.2.3. Product Benchmarking
9.2.4. Strategic Initiatives
9.3. Booking Holdings Inc.
9.3.1. Company Overview
9.3.2. Financial Performance
9.3.3. Product Benchmarking
9.3.4. Strategic Initiatives
9.4. Expedia Group, Inc.
9.4.1. Company Overview
9.4.2. Financial Performance
9.4.3. Product Benchmarking
9.4.4. Strategic Initiatives
9.5. Hotelplan Management AG
9.5.1. Company Overview
9.5.2. Financial Performance
9.5.3. Product Benchmarking
9.5.4. Strategic Initiatives
9.6. MakeMyTrip Pvt. Ltd.
9.6.1. Company Overview
9.6.2. Financial Performance
9.6.3. Product Benchmarking
9.6.4. Strategic Initiatives
9.7. NOVASOL A/S
9.7.1. Company Overview
9.7.2. Financial Performance
9.7.3. Product Benchmarking
9.7.4. Strategic Initiatives
9.8. Oravel Stays Pvt. Ltd.
9.8.1. Company Overview
9.8.2. Financial Performance
9.8.3. Product Benchmarking
9.8.4. Strategic Initiatives
9.9. TripAdvisor, Inc.
9.9.1. Company Overview
9.9.2. Financial Performance
9.9.3. Product Benchmarking
9.9.4. Strategic Initiatives
9.10. Wyndham Destinations Inc.
9.10.1. Company Overview
9.10.2. Financial Performance
9.10.3. Product Benchmarking
9.10.4. Strategic Initiatives
List of Tables
1. Vacation Rental-Key market driver analysis
2. Vacation Rental-Key market restraint analysis
3. Global home market estimates and forecast, 2017-2030 (USD Million)
4. Global apartments market estimates and forecast, 2017-2030 (USD Million)
5. Global resort/condominium market estimates and forecast, 2017-2030 (USD Million)
6. Global others market estimates and forecast, 2017-2030 (USD Million)
7. Global vacation rental market estimates and forecast by online, 2017-2030 (USD Million)
8. Global vacation rental market estimates and forecast by offline, 2017-2030 (USD Million)
9. North America vacation rental market estimates and forecast, 2017-2030 (USD Million)
10. North America vacation rental market revenue estimates and forecast by accommodation type, 2017-2030 (USD Million)
11. North America vacation rental market revenue estimates and forecast by booking mode, 2017-2030 (USD Million)
12. U.S. vacation rental market estimates and forecast, 2017-2030 (USD Million)
13. U.S. vacation rental market revenue estimates and forecast by accommodation type, 2017-2030 (USD Million)
14. U.S. vacation rental market revenue estimates and forecast by booking mode, 2017-2030 (USD Million)
15. Europe vacation rental market estimates and forecast, 2017-2030 (USD Million)
16. Europe vacation rental market revenue estimates and forecast by accommodation type, 2017-2030 (USD Million)
17. Europe vacation rental market revenue estimates and forecast by booking mode, 2017-2030 (USD Million)
18. Germany vacation rental market estimates and forecast, 2017-2030 (USD Million)
19. Germany vacation rental market revenue estimates and forecast by accommodation type, 2017-2030 (USD Million)
20. Germany vacation rental market revenue estimates and forecast by booking mode, 2017-2030 (USD Million)
21. U.K. vacation rental market estimates and forecast, 2017-2030 (USD Million)
22. U.K. vacation rental market revenue estimates and forecast by accommodation type, 2017-2030 (USD Million)
23. U.K. vacation rental market revenue estimates and forecast by booking mode, 2017-2030 (USD Million)
24. Asia Pacific vacation rental market estimates and forecast, 2017-2030 (USD Million)
25. Asia Pacific vacation rental market revenue estimates and forecast by accommodation type, 2017-2030 (USD Million)
26. Asia Pacific vacation rental market revenue estimates and forecast by booking mode, 2017-2030 (USD Million)
27. China vacation rental market estimates and forecast, 2017-2030 (USD Million)
28. China vacation rental market revenue estimates and forecast by accommodation type, 2017-2030 (USD Million)
29. China vacation rental market revenue estimates and forecast by booking mode, 2017-2030 (USD Million)
30. Japan vacation rental market estimates and forecast, 2017-2030 (USD Million)
31. Japan vacation rental market revenue estimates and forecast by accommodation type, 2017-2030 (USD Million)
32. Japan vacation rental market revenue estimates and forecast by booking mode, 2017-2030 (USD Million)
33. Central and South America vacation rental market estimates and forecast, 2017-2030 (USD Million)
34. Central and South America vacation rental market revenue estimates and forecast by accommodation type, 2017-2030 (USD Million)
35. Central and South America vacation rental market revenue estimates and forecast by booking mode, 2017-2030 (USD Million)
36. Brazil vacation rental market estimates and forecast, 2017-2030 (USD Million)
37. Brazil vacation rental market revenue estimates and forecast by accommodation type, 2017-2030 (USD Million)
38. Brazil vacation rental market revenue estimates and forecast by booking mode, 2017-2030 (USD Million)
39. Middle East and Africa vacation rental market estimates and forecast, 2017-2030 (USD Million)
40. Middle East and Africa vacation rental market revenue estimates and forecast by accommodation type, 2017-2030 (USD Million)
41. Middle East and Africa vacation rental market revenue estimates and forecast by booking mode, 2017-2030 (USD Million)
42. Saudi Arabia vacation rental market estimates and forecast, 2017-2030 (USD Million)
43. Saudi Arabia vacation rental market revenue estimates and forecast by accommodation type, 2017-2030 (USD Million)
44. Saudi Arabia vacation rental market revenue estimates and forecast by booking mode, 2017-2030 (USD Million)
45. Company categorization
List of Figures
1. Vacation rental market segmentation
2. Information procurement
3. Primary research pattern
4. Primary research approaches
5. Primary research process
6. Vacation rental market - Rental type
7. Vacation rental market - Value chain analysis
8. Consumer preference for vacation rentals and hotels when traveling for leisure, 2018 Vs. 2019
9. Revenue per available room percentage change, by hotel class, week ending March 7, 2020 (%)
10. Revenue per available room percentage change, by location, week ending March 7, 2020 (%)
11. New York city weekly spending growth in lodging and restaurants, 2020
12. COVID-19's impact on airlines, 2020
13. COVID-19's impact on hotels, and travel plans, 2020
14. Vacation rental market: Porters Five Forces Analysis
15. Roadmap of vacation rental market
16. Vacation rental market: Accommodation type revenue share (%) analysis, 2021 & 2030
17. Vacation rental market: Booking mode revenue share (%) analysis, 2021 & 2030
18. Consumer behavior in travel space
19. Vacation rental market: Regional share (%) analysis, 2021 & 2030
20. Vacation rental market: Company market share

Companies Mentioned

  • 9flats.com PTE Ltd.
  • Airbnb Inc.
  • Booking Holdings Inc.
  • Expedia Group, Inc.
  • Hotelplan Management AG
  • MakeMyTrip Pvt. Ltd.
  • NOVASOL A/S
  • Oravel Stays Pvt. Ltd.
  • TripAdvisor, Inc.
  • Wyndham Destinations Inc.

Methodology

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