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Vacation Rentals Market By Accommodation, By Price Point, By Booking Type, By Location Type, By End User Generation: Global Opportunity Analysis and Industry Forecast, 2021-2031

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    Report

  • 230 Pages
  • August 2022
  • Region: Global
  • Allied Market Research
  • ID: 5671213
Description Jump to:
The global vacation rentals market was valued at $91.2 billion in 2021, and is projected to reach $315.0 billion by 2031, registering a CAGR of 12.4%. Europe was the highest revenue contributor, accounting for $32.1 billion in 2021, and is estimated to reach $106.5 billion by 2031, with a CAGR of 11.9%. Short-term rentals, sometimes known as vacation rentals, are lodging options for travellers. These lodging options can include homes, condos, villas, flats, as well as tents, yurts, and boats. They can also range from high-end luxury properties to spare bedrooms in other’s apartments.

Vacation rental market is prospering more owing to the rise in remote work opportunities. With faster internet, more advanced personal laptops, and digitization of most job roles, work from home (WFH Meaning) has been on a steep upward trajectory in the last 15 years. Remote work has grown by 173% since 2005, about 11% faster than the rest of the workforce. More than half of the global companies offer remote work perks to their employees. While only 16% of these are fully remote companies, others are hybrid companies that have both office-going employees and remote employees. Therefore, owing to surge in work from home opportunities the employees are preferring to work from different locations and are preferring work while travelling as a new trend. Thus, fostering the vacation rental market growth.

Travelers may have trouble locating a property manager or helpful employees on-site, especially if owner-direct coordination is used. As a result, it will result in an increase in the amount of time needed to solve problems, big or small. In addition, some vacation rentals come with sheets and towels while others don't, especially in Europe and some regions of Canada. The visitor should give this matter significant thought, especially if they are flying to their destination. In addition, housekeeping service is typically absent from vacation homes. In addition, since the client won't have access to a front desk staff member or concierge, they will need to make their own daily travel arrangements. Therefore, owing to various unavailability of services guests does not prefer staying in vacation rental and try to opt for alternatives. Thus, this directly hampers the market growth.

Public and private travel & tourism investment is necessary to support the ongoing growth of the sector. High investment is required to build structures and facilities to expand capacity and maintain & improve current infrastructure. However, some of the regions such as India, China, Saudi Arabia, and the UAE have witnessed a strong economic growth and notable development in accommodations over the years. Thus, these countries focus on infrastructural development of roads, airports, and better hotels to cater to the demands of travellers. For example, Chinese government has increased its rail network to 132,000 km over the past decade. It also developed 5.9 km air route recently and has a total of 8.4 km air route network. The air passenger volume of China has now become the second largest across the globe. China has also invested heavily in developing high-speed rail system since 2008 and now China has around two-thirds of the global high-speed rail network. Therefore, rapid infrastructural development facilitates tourism. These infrastructural developments has made China the leader in the vacation rental market.

The global travel accommodation market is segmented into accommodation, price point, booking, location type, end user generation and region. The accommodation segment home, condos, hometown and villas. On the basis of price point, the market is categorized into economy, mid-range, and luxury. Depending on mode of booking, it is segregated into online travel agency, hotel website, and others. The location type covered in the study include resort area, rural area, small towns and others. Based on end user generation the market is classified as Gen Z, Millennials, Gen X, and Boomers. Region wise, it is studied across North America (U.S., Canada, and Mexico), Europe (Germany, Spain, UK, Italy, France, Switzerland, and rest of Europe), Asia-Pacific (India, China, Japan, Australia, and rest of Asia-Pacific), and LAMEA (Latin America, Middle East, and Africa). They key players included in the vacation rental market analysis are MakeMyTrip Pvt. Ltd., Airbnb Inc., Tripping.com, TripAdvisor Inc., Extra Holidays, novasol as, HomeToGo, 9flats.com, Expedia, Inc., Vrbo, Booking.com, Hotels.com, HotelsCombined, Hotwire, Inc., Yatra Online Private Limited, Homestay.com, and atraveo gmbh.

KEY BENEFITS FOR STAKEHOLDERS

  • This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the vacation rentals market analysis from 2021 to 2031 to identify the prevailing vacation rentals market opportunities.
  • The market research is offered along with information related to key drivers, restraints, and opportunities.
  • Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
  • In-depth analysis of the vacation rentals market segmentation assists to determine the prevailing market opportunities.
  • Major countries in each region are mapped according to their revenue contribution to the global market.
  • Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
  • The report includes the analysis of the regional as well as global vacation rentals market trends, key players, market segments, application areas, and market growth strategies.

Key Market Segments

By Accommodation

  • Home
  • Condos
  • Hometown
  • Villas

By Price Point

  • Economic
  • Mid Range
  • Luxury

By Booking Type

  • Online Travel Agency
  • Direct Booking
  • Others

By Location Type

  • Resort Area
  • Rural Area
  • Small Town
  • Others

By End User Generation

  • Gen Z
  • Millennials
  • Gen X
  • Boomers

By Region

  • North America
  • U.S.
  • Canada
  • Mexico
  • Europe
  • Germany
  • France
  • UK
  • Italy
  • Spain
  • Rest of Europe
  • Asia-Pacific
  • China
  • India
  • Japan
  • Australia
  • Rest of Asia-Pacific
  • LAMEA
  • Latin America
  • Middle East
  • Africa

Key Market Players

  • MakeMyTrip Pvt. Ltd.
  • Airbnb Inc.
  • Tripping.com
  • TripAdvisor Inc.
  • Extra Holidays
  • novasol as
  • HomeToGo
  • 9flats.com
  • Expedia, Inc.
  • Vrbo
  • Booking.com
  • Hotels.com
  • HotelsCombined
  • Hotwire, Inc.
  • Yatra Online Private Limited
  • Homestay.com
  • atraveo gmbh

Table of Contents

CHAPTER 1: INTRODUCTION
1.1.Report description
1.2.Key market segments
1.3.Key benefits to the stakeholders
1.4.Research Methodology
1.4.1.Secondary research
1.4.2.Primary research
1.4.3.Analyst tools and models
CHAPTER 2: EXECUTIVE SUMMARY
2.1.Key findings of the study
2.2.CXO Perspective
CHAPTER 3: MARKET OVERVIEW
3.1.Market definition and scope
3.2.Key findings
3.2.1.Top investment pockets
3.3.Porter’s five forces analysis
3.4.Top player positioning
3.5.Market dynamics
3.5.1.Drivers
3.5.2.Restraints
3.5.3.Opportunities
3.6.COVID-19 Impact Analysis on the market
CHAPTER 4: VACATION RENTALS MARKET, BY ACCOMMODATION
4.1 Overview
4.1.1 Market size and forecast
4.2 Home
4.2.1 Key market trends, growth factors and opportunities
4.2.2 Market size and forecast, by region
4.2.3 Market analysis by country
4.3 Condos
4.3.1 Key market trends, growth factors and opportunities
4.3.2 Market size and forecast, by region
4.3.3 Market analysis by country
4.4 Hometown
4.4.1 Key market trends, growth factors and opportunities
4.4.2 Market size and forecast, by region
4.4.3 Market analysis by country
4.5 Villas
4.5.1 Key market trends, growth factors and opportunities
4.5.2 Market size and forecast, by region
4.5.3 Market analysis by country
CHAPTER 5: VACATION RENTALS MARKET, BY PRICE POINT
5.1 Overview
5.1.1 Market size and forecast
5.2 Economic
5.2.1 Key market trends, growth factors and opportunities
5.2.2 Market size and forecast, by region
5.2.3 Market analysis by country
5.3 Mid Range
5.3.1 Key market trends, growth factors and opportunities
5.3.2 Market size and forecast, by region
5.3.3 Market analysis by country
5.4 Luxury
5.4.1 Key market trends, growth factors and opportunities
5.4.2 Market size and forecast, by region
5.4.3 Market analysis by country
CHAPTER 6: VACATION RENTALS MARKET, BY BOOKING TYPE
6.1 Overview
6.1.1 Market size and forecast
6.2 Online Travel Agency
6.2.1 Key market trends, growth factors and opportunities
6.2.2 Market size and forecast, by region
6.2.3 Market analysis by country
6.3 Direct Booking
6.3.1 Key market trends, growth factors and opportunities
6.3.2 Market size and forecast, by region
6.3.3 Market analysis by country
6.4 Others
6.4.1 Key market trends, growth factors and opportunities
6.4.2 Market size and forecast, by region
6.4.3 Market analysis by country
CHAPTER 7: VACATION RENTALS MARKET, BY LOCATION TYPE
7.1 Overview
7.1.1 Market size and forecast
7.2 Resort Area
7.2.1 Key market trends, growth factors and opportunities
7.2.2 Market size and forecast, by region
7.2.3 Market analysis by country
7.3 Rural Area
7.3.1 Key market trends, growth factors and opportunities
7.3.2 Market size and forecast, by region
7.3.3 Market analysis by country
7.4 Small Town
7.4.1 Key market trends, growth factors and opportunities
7.4.2 Market size and forecast, by region
7.4.3 Market analysis by country
7.5 Others
7.5.1 Key market trends, growth factors and opportunities
7.5.2 Market size and forecast, by region
7.5.3 Market analysis by country
CHAPTER 8: VACATION RENTALS MARKET, BY END USER GENERATION
8.1 Overview
8.1.1 Market size and forecast
8.2 Gen Z
8.2.1 Key market trends, growth factors and opportunities
8.2.2 Market size and forecast, by region
8.2.3 Market analysis by country
8.3 Millennials
8.3.1 Key market trends, growth factors and opportunities
8.3.2 Market size and forecast, by region
8.3.3 Market analysis by country
8.4 Gen X
8.4.1 Key market trends, growth factors and opportunities
8.4.2 Market size and forecast, by region
8.4.3 Market analysis by country
8.5 Boomers
8.5.1 Key market trends, growth factors and opportunities
8.5.2 Market size and forecast, by region
8.5.3 Market analysis by country
CHAPTER 9: VACATION RENTALS MARKET, BY REGION
9.1 Overview
9.1.1 Market size and forecast
9.2 North America
9.2.1 Key trends and opportunities
9.2.2 North America Market size and forecast, by Accommodation
9.2.3 North America Market size and forecast, by Price Point
9.2.4 North America Market size and forecast, by Booking Type
9.2.5 North America Market size and forecast, by Location Type
9.2.6 North America Market size and forecast, by End User Generation
9.2.7 North America Market size and forecast, by country
9.2.7.1 U.S.
9.2.7.1.1 Market size and forecast, by Accommodation
9.2.7.1.2 Market size and forecast, by Price Point
9.2.7.1.3 Market size and forecast, by Booking Type
9.2.7.1.4 Market size and forecast, by Location Type
9.2.7.1.5 Market size and forecast, by End User Generation
9.2.7.2 Canada
9.2.7.2.1 Market size and forecast, by Accommodation
9.2.7.2.2 Market size and forecast, by Price Point
9.2.7.2.3 Market size and forecast, by Booking Type
9.2.7.2.4 Market size and forecast, by Location Type
9.2.7.2.5 Market size and forecast, by End User Generation
9.2.7.3 Mexico
9.2.7.3.1 Market size and forecast, by Accommodation
9.2.7.3.2 Market size and forecast, by Price Point
9.2.7.3.3 Market size and forecast, by Booking Type
9.2.7.3.4 Market size and forecast, by Location Type
9.2.7.3.5 Market size and forecast, by End User Generation
9.3 Europe
9.3.1 Key trends and opportunities
9.3.2 Europe Market size and forecast, by Accommodation
9.3.3 Europe Market size and forecast, by Price Point
9.3.4 Europe Market size and forecast, by Booking Type
9.3.5 Europe Market size and forecast, by Location Type
9.3.6 Europe Market size and forecast, by End User Generation
9.3.7 Europe Market size and forecast, by country
9.3.7.1 Germany
9.3.7.1.1 Market size and forecast, by Accommodation
9.3.7.1.2 Market size and forecast, by Price Point
9.3.7.1.3 Market size and forecast, by Booking Type
9.3.7.1.4 Market size and forecast, by Location Type
9.3.7.1.5 Market size and forecast, by End User Generation
9.3.7.2 France
9.3.7.2.1 Market size and forecast, by Accommodation
9.3.7.2.2 Market size and forecast, by Price Point
9.3.7.2.3 Market size and forecast, by Booking Type
9.3.7.2.4 Market size and forecast, by Location Type
9.3.7.2.5 Market size and forecast, by End User Generation
9.3.7.3 UK
9.3.7.3.1 Market size and forecast, by Accommodation
9.3.7.3.2 Market size and forecast, by Price Point
9.3.7.3.3 Market size and forecast, by Booking Type
9.3.7.3.4 Market size and forecast, by Location Type
9.3.7.3.5 Market size and forecast, by End User Generation
9.3.7.4 Italy
9.3.7.4.1 Market size and forecast, by Accommodation
9.3.7.4.2 Market size and forecast, by Price Point
9.3.7.4.3 Market size and forecast, by Booking Type
9.3.7.4.4 Market size and forecast, by Location Type
9.3.7.4.5 Market size and forecast, by End User Generation
9.3.7.5 Spain
9.3.7.5.1 Market size and forecast, by Accommodation
9.3.7.5.2 Market size and forecast, by Price Point
9.3.7.5.3 Market size and forecast, by Booking Type
9.3.7.5.4 Market size and forecast, by Location Type
9.3.7.5.5 Market size and forecast, by End User Generation
9.3.7.6 Rest of Europe
9.3.7.6.1 Market size and forecast, by Accommodation
9.3.7.6.2 Market size and forecast, by Price Point
9.3.7.6.3 Market size and forecast, by Booking Type
9.3.7.6.4 Market size and forecast, by Location Type
9.3.7.6.5 Market size and forecast, by End User Generation
9.4 Asia-Pacific
9.4.1 Key trends and opportunities
9.4.2 Asia-Pacific Market size and forecast, by Accommodation
9.4.3 Asia-Pacific Market size and forecast, by Price Point
9.4.4 Asia-Pacific Market size and forecast, by Booking Type
9.4.5 Asia-Pacific Market size and forecast, by Location Type
9.4.6 Asia-Pacific Market size and forecast, by End User Generation
9.4.7 Asia-Pacific Market size and forecast, by country
9.4.7.1 China
9.4.7.1.1 Market size and forecast, by Accommodation
9.4.7.1.2 Market size and forecast, by Price Point
9.4.7.1.3 Market size and forecast, by Booking Type
9.4.7.1.4 Market size and forecast, by Location Type
9.4.7.1.5 Market size and forecast, by End User Generation
9.4.7.2 India
9.4.7.2.1 Market size and forecast, by Accommodation
9.4.7.2.2 Market size and forecast, by Price Point
9.4.7.2.3 Market size and forecast, by Booking Type
9.4.7.2.4 Market size and forecast, by Location Type
9.4.7.2.5 Market size and forecast, by End User Generation
9.4.7.3 Japan
9.4.7.3.1 Market size and forecast, by Accommodation
9.4.7.3.2 Market size and forecast, by Price Point
9.4.7.3.3 Market size and forecast, by Booking Type
9.4.7.3.4 Market size and forecast, by Location Type
9.4.7.3.5 Market size and forecast, by End User Generation
9.4.7.4 Australia
9.4.7.4.1 Market size and forecast, by Accommodation
9.4.7.4.2 Market size and forecast, by Price Point
9.4.7.4.3 Market size and forecast, by Booking Type
9.4.7.4.4 Market size and forecast, by Location Type
9.4.7.4.5 Market size and forecast, by End User Generation
9.4.7.5 Rest of Asia-Pacific
9.4.7.5.1 Market size and forecast, by Accommodation
9.4.7.5.2 Market size and forecast, by Price Point
9.4.7.5.3 Market size and forecast, by Booking Type
9.4.7.5.4 Market size and forecast, by Location Type
9.4.7.5.5 Market size and forecast, by End User Generation
9.5 LAMEA
9.5.1 Key trends and opportunities
9.5.2 LAMEA Market size and forecast, by Accommodation
9.5.3 LAMEA Market size and forecast, by Price Point
9.5.4 LAMEA Market size and forecast, by Booking Type
9.5.5 LAMEA Market size and forecast, by Location Type
9.5.6 LAMEA Market size and forecast, by End User Generation
9.5.7 LAMEA Market size and forecast, by country
9.5.7.1 Latin America
9.5.7.1.1 Market size and forecast, by Accommodation
9.5.7.1.2 Market size and forecast, by Price Point
9.5.7.1.3 Market size and forecast, by Booking Type
9.5.7.1.4 Market size and forecast, by Location Type
9.5.7.1.5 Market size and forecast, by End User Generation
9.5.7.2 Middle East
9.5.7.2.1 Market size and forecast, by Accommodation
9.5.7.2.2 Market size and forecast, by Price Point
9.5.7.2.3 Market size and forecast, by Booking Type
9.5.7.2.4 Market size and forecast, by Location Type
9.5.7.2.5 Market size and forecast, by End User Generation
9.5.7.3 Africa
9.5.7.3.1 Market size and forecast, by Accommodation
9.5.7.3.2 Market size and forecast, by Price Point
9.5.7.3.3 Market size and forecast, by Booking Type
9.5.7.3.4 Market size and forecast, by Location Type
9.5.7.3.5 Market size and forecast, by End User Generation
CHAPTER 10: COMPANY LANDSCAPE
10.1. Introduction
10.2. Top winning strategies
10.3. Product Mapping of Top 10 Player
10.4. Competitive Dashboard
10.5. Competitive Heatmap
10.6. Key developments
CHAPTER 11: COMPANY PROFILES
11.1 MakeMyTrip Pvt. Ltd.
11.1.1 Company overview
11.1.2 Company snapshot
11.1.3 Operating business segments
11.1.4 Product portfolio
11.1.5 Business performance
11.1.6 Key strategic moves and developments
11.2 Airbnb Inc.
11.2.1 Company overview
11.2.2 Company snapshot
11.2.3 Operating business segments
11.2.4 Product portfolio
11.2.5 Business performance
11.2.6 Key strategic moves and developments
11.3 Tripping.com
11.3.1 Company overview
11.3.2 Company snapshot
11.3.3 Operating business segments
11.3.4 Product portfolio
11.3.5 Business performance
11.3.6 Key strategic moves and developments
11.4 TripAdvisor Inc.
11.4.1 Company overview
11.4.2 Company snapshot
11.4.3 Operating business segments
11.4.4 Product portfolio
11.4.5 Business performance
11.4.6 Key strategic moves and developments
11.5 Extra Holidays
11.5.1 Company overview
11.5.2 Company snapshot
11.5.3 Operating business segments
11.5.4 Product portfolio
11.5.5 Business performance
11.5.6 Key strategic moves and developments
11.6 novasol as
11.6.1 Company overview
11.6.2 Company snapshot
11.6.3 Operating business segments
11.6.4 Product portfolio
11.6.5 Business performance
11.6.6 Key strategic moves and developments
11.7 HomeToGo
11.7.1 Company overview
11.7.2 Company snapshot
11.7.3 Operating business segments
11.7.4 Product portfolio
11.7.5 Business performance
11.7.6 Key strategic moves and developments
11.8 9flats.com
11.8.1 Company overview
11.8.2 Company snapshot
11.8.3 Operating business segments
11.8.4 Product portfolio
11.8.5 Business performance
11.8.6 Key strategic moves and developments
11.9 Expedia, Inc.
11.9.1 Company overview
11.9.2 Company snapshot
11.9.3 Operating business segments
11.9.4 Product portfolio
11.9.5 Business performance
11.9.6 Key strategic moves and developments
11.10 Vrbo
11.10.1 Company overview
11.10.2 Company snapshot
11.10.3 Operating business segments
11.10.4 Product portfolio
11.10.5 Business performance
11.10.6 Key strategic moves and developments
11.11 Booking.com
11.11.1 Company overview
11.11.2 Company snapshot
11.11.3 Operating business segments
11.11.4 Product portfolio
11.11.5 Business performance
11.11.6 Key strategic moves and developments
11.12 Hotels.com
11.12.1 Company overview
11.12.2 Company snapshot
11.12.3 Operating business segments
11.12.4 Product portfolio
11.12.5 Business performance
11.12.6 Key strategic moves and developments
11.13 HotelsCombined
11.13.1 Company overview
11.13.2 Company snapshot
11.13.3 Operating business segments
11.13.4 Product portfolio
11.13.5 Business performance
11.13.6 Key strategic moves and developments
11.14 Hotwire, Inc.
11.14.1 Company overview
11.14.2 Company snapshot
11.14.3 Operating business segments
11.14.4 Product portfolio
11.14.5 Business performance
11.14.6 Key strategic moves and developments
11.15 Yatra Online Private Limited
11.15.1 Company overview
11.15.2 Company snapshot
11.15.3 Operating business segments
11.15.4 Product portfolio
11.15.5 Business performance
11.15.6 Key strategic moves and developments
11.16 Homestay.com
11.16.1 Company overview
11.16.2 Company snapshot
11.16.3 Operating business segments
11.16.4 Product portfolio
11.16.5 Business performance
11.16.6 Key strategic moves and developments
11.17 atraveo gmbh
11.17.1 Company overview
11.17.2 Company snapshot
11.17.3 Operating business segments
11.17.4 Product portfolio
11.17.5 Business performance
11.17.6 Key strategic moves and developments
List of Tables
Table 1. Global Sneaker Market, by Product Type, 2021-2031 ($Billion)
Table 2. Sneaker Market Size, for Low-Top Sneakers, by Region, 2021-2031 ($Billion)
Table 3. Sneaker Market for Low-Top Sneakers, by Country, 2021-2031 ($Billion)
Table 4. Sneaker Market Size, for Mid-Top Sneakers, by Region, 2021-2031 ($Billion)
Table 5. Sneaker Market for Mid-Top Sneakers, by Country, 2021-2031 ($Billion)
Table 6. Sneaker Market Size, for High-Top Sneakers, by Region, 2021-2031 ($Billion)
Table 7. Sneaker Market for High-Top Sneakers, by Country, 2021-2031 ($Billion)
Table 8. Global Sneaker Market, by End-user, 2021-2031 ($Billion)
Table 9. Sneaker Market Size, for Men, by Region, 2021-2031 ($Billion)
Table 10. Sneaker Market for Men, by Country, 2021-2031 ($Billion)
Table 11. Sneaker Market Size, for Women, by Region, 2021-2031 ($Billion)
Table 12. Sneaker Market for Women, by Country, 2021-2031 ($Billion)
Table 13. Sneaker Market Size, for Kids, by Region, 2021-2031 ($Billion)
Table 14. Sneaker Market for Kids, by Country, 2021-2031 ($Billion)
Table 15. Global Sneaker Market, by Price Point, 2021-2031 ($Billion)
Table 16. Sneaker Market Size, for Luxury, by Region, 2021-2031 ($Billion)
Table 17. Sneaker Market for Luxury, by Country, 2021-2031 ($Billion)
Table 18. Sneaker Market Size, for Economic, by Region, 2021-2031 ($Billion)
Table 19. Sneaker Market for Economic, by Country, 2021-2031 ($Billion)
Table 20. Global Sneaker Market, by Category, 2021-2031 ($Billion)
Table 21. Sneaker Market Size, for Private Label, by Region, 2021-2031 ($Billion)
Table 22. Sneaker Market for Private Label, by Country, 2021-2031 ($Billion)
Table 23. Sneaker Market Size, for Branded, by Region, 2021-2031 ($Billion)
Table 24. Sneaker Market for Branded, by Country, 2021-2031 ($Billion)
Table 25. Global Sneaker Market, by Distribution Channel, 2021-2031 ($Billion)
Table 26. Sneaker Market Size, for Supermarket/Hypermarket, by Region, 2021-2031 ($Billion)
Table 27. Sneaker Market for Supermarket/Hypermarket, by Country, 2021-2031 ($Billion)
Table 28. Sneaker Market Size, for Specialty Stores, by Region, 2021-2031 ($Billion)
Table 29. Sneaker Market for Specialty Stores, by Country, 2021-2031 ($Billion)
Table 30. Sneaker Market Size, for Brand Outlets, by Region, 2021-2031 ($Billion)
Table 31. Sneaker Market for Brand Outlets, by Country, 2021-2031 ($Billion)
Table 32. Sneaker Market Size, for E-Commerce, by Region, 2021-2031 ($Billion)
Table 33. Sneaker Market for E-Commerce, by Country, 2021-2031 ($Billion)
Table 34. Sneaker Market Size, for Others, by Region, 2021-2031 ($Billion)
Table 35. Sneaker Market for Others, by Country, 2021-2031 ($Billion)
Table 36. Sneaker Market, by Region, 2021-2031 ($Billion)
Table 37. North America Sneaker Market, by Product Type, 2021-2031 ($Billion)
Table 38. North America Sneaker Market, by End-user, 2021-2031 ($Billion)
Table 39. North America Sneaker Market, by Price Point, 2021-2031 ($Billion)
Table 40. North America Sneaker Market, by Category, 2021-2031 ($Billion)
Table 41. North America Sneaker Market, by Distribution Channel, 2021-2031 ($Billion)
Table 42. North America Sneaker Market, by Country, 2021-2031 ($Billion)
Table 43. U.S. Sneaker Market, by Product Type, 2021-2031 ($Billion)
Table 44. U.S. Sneaker Market, by End-user, 2021-2031 ($Billion)
Table 45. U.S. Sneaker Market, by Price Point, 2021-2031 ($Billion)
Table 46. U.S. Sneaker Market, by Category, 2021-2031 ($Billion)
Table 47. U.S. Sneaker Market, by Distribution Channel, 2021-2031 ($Billion)
Table 48. Canada Sneaker Market, by Product Type, 2021-2031 ($Billion)
Table 49. Canada Sneaker Market, by End-user, 2021-2031 ($Billion)
Table 50. Canada Sneaker Market, by Price Point, 2021-2031 ($Billion)
Table 51. Canada Sneaker Market, by Category, 2021-2031 ($Billion)
Table 52. Canada Sneaker Market, by Distribution Channel, 2021-2031 ($Billion)
Table 53. Mexico Sneaker Market, by Product Type, 2021-2031 ($Billion)
Table 54. Mexico Sneaker Market, by End-user, 2021-2031 ($Billion)
Table 55. Mexico Sneaker Market, by Price Point, 2021-2031 ($Billion)
Table 56. Mexico Sneaker Market, by Category, 2021-2031 ($Billion)
Table 57. Mexico Sneaker Market, by Distribution Channel, 2021-2031 ($Billion)
Table 58. Europe Sneaker Market, by Product Type, 2021-2031 ($Billion)
Table 59. Europe Sneaker Market, by End-user, 2021-2031 ($Billion)
Table 60. Europe Sneaker Market, by Price Point, 2021-2031 ($Billion)
Table 61. Europe Sneaker Market, by Category, 2021-2031 ($Billion)
Table 62. Europe Sneaker Market, by Distribution Channel, 2021-2031 ($Billion)
Table 63. Europe Sneaker Market, by Country, 2021-2031 ($Billion)
Table 64. U.K. Sneaker Market, by Product Type, 2021-2031 ($Billion)
Table 65. U.K. Sneaker Market, by End-user, 2021-2031 ($Billion)
Table 66. U.K. Sneaker Market, by Price Point, 2021-2031 ($Billion)
Table 67. U.K. Sneaker Market, by Category, 2021-2031 ($Billion)
Table 68. U.K. Sneaker Market, by Distribution Channel, 2021-2031 ($Billion)
Table 69. Germany Sneaker Market, by Product Type, 2021-2031 ($Billion)
Table 70. Germany Sneaker Market, by End-user, 2021-2031 ($Billion)
Table 71. Germany Sneaker Market, by Price Point, 2021-2031 ($Billion)
Table 72. Germany Sneaker Market, by Category, 2021-2031 ($Billion)
Table 73. Germany Sneaker Market, by Distribution Channel, 2021-2031 ($Billion)
Table 74. France Sneaker Market, by Product Type, 2021-2031 ($Billion)
Table 75. France Sneaker Market, by End-user, 2021-2031 ($Billion)
Table 76. France Sneaker Market, by Price Point, 2021-2031 ($Billion)
Table 77. France Sneaker Market, by Category, 2021-2031 ($Billion)
Table 78. France Sneaker Market, by Distribution Channel, 2021-2031 ($Billion)
Table 79. Italy Sneaker Market, by Product Type, 2021-2031 ($Billion)
Table 80. Italy Sneaker Market, by End-user, 2021-2031 ($Billion)
Table 81. Italy Sneaker Market, by Price Point, 2021-2031 ($Billion)
Table 82. Italy Sneaker Market, by Category, 2021-2031 ($Billion)
Table 83. Italy Sneaker Market, by Distribution Channel, 2021-2031 ($Billion)
Table 84. Spain Sneaker Market, by Product Type, 2021-2031 ($Billion)
Table 85. Spain Sneaker Market, by End-user, 2021-2031 ($Billion)
Table 86. Spain Sneaker Market, by Price Point, 2021-2031 ($Billion)
Table 87. Spain Sneaker Market, by Category, 2021-2031 ($Billion)
Table 88. Spain Sneaker Market, by Distribution Channel, 2021-2031 ($Billion)
Table 89. Russia Sneaker Market, by Product Type, 2021-2031 ($Billion)
Table 90. Russia Sneaker Market, by End-user, 2021-2031 ($Billion)
Table 91. Russia Sneaker Market, by Price Point, 2021-2031 ($Billion)
Table 92. Russia Sneaker Market, by Category, 2021-2031 ($Billion)
Table 93. Russia Sneaker Market, by Distribution Channel, 2021-2031 ($Billion)
Table 94. Rest of Europe Sneaker Market, by Product Type, 2021-2031 ($Billion)
Table 95. Rest of Europe Sneaker Market, by End-user, 2021-2031 ($Billion)
Table 96. Rest of Europe Sneaker Market, by Price Point, 2021-2031 ($Billion)
Table 97. Rest of Europe Sneaker Market, by Category, 2021-2031 ($Billion)
Table 98. Rest of Europe Sneaker Market, by Distribution Channel, 2021-2031 ($Billion)
Table 99. Asia-Pacific Sneaker Market, by Product Type, 2021-2031 ($Billion)
Table 100. Asia-Pacific Sneaker Market, by End-user, 2021-2031 ($Billion)
Table 101. Asia-Pacific Sneaker Market, by Price Point, 2021-2031 ($Billion)
Table 102. Asia-Pacific Sneaker Market, by Category, 2021-2031 ($Billion)
Table 103. Asia-Pacific Sneaker Market, by Distribution Channel, 2021-2031 ($Billion)
Table 104. Asia-Pacific Sneaker Market, by Country, 2021-2031 ($Billion)
Table 105. China Sneaker Market, by Product Type, 2021-2031 ($Billion)
Table 106. China Sneaker Market, by End-user, 2021-2031 ($Billion)
Table 107. China Sneaker Market, by Price Point, 2021-2031 ($Billion)
Table 108. China Sneaker Market, by Category, 2021-2031 ($Billion)
Table 109. China Sneaker Market, by Distribution Channel, 2021-2031 ($Billion)
Table 110. Japan Sneaker Market, by Product Type, 2021-2031 ($Billion)
Table 111. Japan Sneaker Market, by End-user, 2021-2031 ($Billion)
Table 112. Japan Sneaker Market, by Price Point, 2021-2031 ($Billion)
Table 113. Japan Sneaker Market, by Category, 2021-2031 ($Billion)
Table 114. Japan Sneaker Market, by Distribution Channel, 2021-2031 ($Billion)
Table 115. India Sneaker Market, by Product Type, 2021-2031 ($Billion)
Table 116. India Sneaker Market, by End-user, 2021-2031 ($Billion)
Table 117. India Sneaker Market, by Price Point, 2021-2031 ($Billion)
Table 118. India Sneaker Market, by Category, 2021-2031 ($Billion)
Table 119. India Sneaker Market, by Distribution Channel, 2021-2031 ($Billion)
Table 120. Australia Sneaker Market, by Product Type, 2021-2031 ($Billion)
Table 121. Australia Sneaker Market, by End-user, 2021-2031 ($Billion)
Table 122. Australia Sneaker Market, by Price Point, 2021-2031 ($Billion)
Table 123. Australia Sneaker Market, by Category, 2021-2031 ($Billion)
Table 124. Australia Sneaker Market, by Distribution Channel, 2021-2031 ($Billion)
Table 125. South Korea Sneaker Market, by Product Type, 2021-2031 ($Billion)
Table 126. South Korea Sneaker Market, by End-user, 2021-2031 ($Billion)
Table 127. South Korea Sneaker Market, by Price Point, 2021-2031 ($Billion)
Table 128. South Korea Sneaker Market, by Category, 2021-2031 ($Billion)
Table 129. South Korea Sneaker Market, by Distribution Channel, 2021-2031 ($Billion)
Table 130. Rest of Asia-Pacific Sneaker Market, by Product Type, 2021-2031 ($Billion)
Table 131. Rest of Asia-Pacific Sneaker Market, by End-user, 2021-2031 ($Billion)
Table 132. Rest of Asia-Pacific Sneaker Market, by Price Point, 2021-2031 ($Billion)
Table 133. Rest of Asia-Pacific Sneaker Market, by Category, 2021-2031 ($Billion)
Table 134. Rest of Asia-Pacific Sneaker Market, by Distribution Channel, 2021-2031 ($Billion)
Table 135. LAMEA Sneaker Market, by Product Type, 2021-2031 ($Billion)
Table 136. LAMEA Sneaker Market, by End-user, 2021-2031 ($Billion)
Table 137. LAMEA Sneaker Market, by Price Point, 2021-2031 ($Billion)
Table 138. LAMEA Sneaker Market, by Category, 2021-2031 ($Billion)
Table 139. LAMEA Sneaker Market, by Distribution Channel, 2021-2031 ($Billion)
Table 140. LAMEA Sneaker Market, by Country, 2021-2031 ($Billion)
Table 141. Latin America Sneaker Market, by Product Type, 2021-2031 ($Billion)
Table 142. Latin America Sneaker Market, by End-user, 2021-2031 ($Billion)
Table 143. Latin America Sneaker Market, by Price Point, 2021-2031 ($Billion)
Table 144. Latin America Sneaker Market, by Category, 2021-2031 ($Billion)
Table 145. Latin America Sneaker Market, by Distribution Channel, 2021-2031 ($Billion)
Table 146. Middle East Sneaker Market, by Product Type, 2021-2031 ($Billion)
Table 147. Middle East Sneaker Market, by End-user, 2021-2031 ($Billion)
Table 148. Middle East Sneaker Market, by Price Point, 2021-2031 ($Billion)
Table 149. Middle East Sneaker Market, by Category, 2021-2031 ($Billion)
Table 150. Middle East Sneaker Market, by Distribution Channel, 2021-2031 ($Billion)
Table 151. Africa Sneaker Market, by Product Type, 2021-2031 ($Billion)
Table 152. Africa Sneaker Market, by End-user, 2021-2031 ($Billion)
Table 153. Africa Sneaker Market, by Price Point, 2021-2031 ($Billion)
Table 154. Africa Sneaker Market, by Category, 2021-2031 ($Billion)
Table 155. Africa Sneaker Market, by Distribution Channel, 2021-2031 ($Billion)
Table 156. Nike, Inc.: Company Snapshot
Table 157. Nike, Inc.: Operating Segments
Table 158. Nike, Inc.: Product Portfolio
Table 159. Nike, Inc.: Net Sales
Table 160. Nike, Inc.: Key Stratergies
Table 161. Adidas Ag: Company Snapshot
Table 162. Adidas Ag: Operating Segments
Table 163. Adidas Ag: Product Portfolio
Table 164. Adidas Ag: Net Sales
Table 165. Adidas Ag: Key Stratergies
Table 166. Under Armour Inc.: Company Snapshot
Table 167. Under Armour Inc.: Operating Segments
Table 168. Under Armour Inc.: Product Portfolio
Table 169. Under Armour Inc.: Net Sales
Table 170. Under Armour Inc.: Key Stratergies
Table 171. Puma: Company Snapshot
Table 172. Puma: Operating Segments
Table 173. Puma: Product Portfolio
Table 174. Puma: Net Sales
Table 175. Puma: Key Stratergies
Table 176. Reebok: Company Snapshot
Table 177. Reebok: Operating Segments
Table 178. Reebok: Product Portfolio
Table 179. Reebok: Net Sales
Table 180. Reebok: Key Stratergies
Table 181. Hanesbrands Inc.: Company Snapshot
Table 182. Hanesbrands Inc.: Operating Segments
Table 183. Hanesbrands Inc.: Product Portfolio
Table 184. Hanesbrands Inc.: Net Sales
Table 185. Hanesbrands Inc.: Key Stratergies
Table 186. Champion: Company Snapshot
Table 187. Champion: Operating Segments
Table 188. Champion: Product Portfolio
Table 189. Champion: Net Sales
Table 190. Champion: Key Stratergies
Table 191. New Balance: Company Snapshot
Table 192. New Balance: Operating Segments
Table 193. New Balance: Product Portfolio
Table 194. New Balance: Net Sales
Table 195. New Balance: Key Stratergies
Table 196. Converse: Company Snapshot
Table 197. Converse: Operating Segments
Table 198. Converse: Product Portfolio
Table 199. Converse: Net Sales
Table 200. Converse: Key Stratergies
Table 201. Benetton Group S.R.L.: Company Snapshot
Table 202. Benetton Group S.R.L.: Operating Segments
Table 203. Benetton Group S.R.L.: Product Portfolio
Table 204. Benetton Group S.R.L.: Net Sales
Table 205. Benetton Group S.R.L.: Key Stratergies
List of Figures
Figure 1. Vacation Rentals Market Segmentation
Figure 2. Vacation Rentals Market,2021-2031
Figure 3. Vacation Rentals Market,2021-2031
Figure 4. Top Investment Pockets, by Region
Figure 5. Porter Five-1
Figure 6. Porter Five-2
Figure 7. Porter Five-3
Figure 8. Porter Five-4
Figure 9. Porter Five-5
Figure 10. Top Player Positioning
Figure 11. Vacation Rentals Market:Drivers, Restraints and Opportunities
Figure 12. Vacation Rentals Market,By Accommodation,2021(%)
Figure 13. Comparative Share Analysis of Home Vacation Rentals Market,2021-2031(%)
Figure 14. Comparative Share Analysis of Condos Vacation Rentals Market,2021-2031(%)
Figure 15. Comparative Share Analysis of Hometown Vacation Rentals Market,2021-2031(%)
Figure 16. Comparative Share Analysis of Villas Vacation Rentals Market,2021-2031(%)
Figure 17. Vacation Rentals Market,By Price Point,2021(%)
Figure 18. Comparative Share Analysis of Economic Vacation Rentals Market,2021-2031(%)
Figure 19. Comparative Share Analysis of Mid Range Vacation Rentals Market,2021-2031(%)
Figure 20. Comparative Share Analysis of Luxury Vacation Rentals Market,2021-2031(%)
Figure 21. Vacation Rentals Market,By Booking Type,2021(%)
Figure 22. Comparative Share Analysis of Online Travel Agency Vacation Rentals Market,2021-2031(%)
Figure 23. Comparative Share Analysis of Direct Booking Vacation Rentals Market,2021-2031(%)
Figure 24. Comparative Share Analysis of Others Vacation Rentals Market,2021-2031(%)
Figure 25. Vacation Rentals Market,By Location Type,2021(%)
Figure 26. Comparative Share Analysis of Resort Area Vacation Rentals Market,2021-2031(%)
Figure 27. Comparative Share Analysis of Rural Area Vacation Rentals Market,2021-2031(%)
Figure 28. Comparative Share Analysis of Small Town Vacation Rentals Market,2021-2031(%)
Figure 29. Comparative Share Analysis of Others Vacation Rentals Market,2021-2031(%)
Figure 30. Vacation Rentals Market,By End-user Generation,2021(%)
Figure 31. Comparative Share Analysis of Gen Z Vacation Rentals Market,2021-2031(%)
Figure 32. Comparative Share Analysis of Millennials Vacation Rentals Market,2021-2031(%)
Figure 33. Comparative Share Analysis of Gen X Vacation Rentals Market,2021-2031(%)
Figure 34. Comparative Share Analysis of Boomers Vacation Rentals Market,2021-2031(%)
Figure 35. Vacation Rentals Market by Region,2021
Figure 36. U.S. Vacation Rentals Market,2021-2031($Billion)
Figure 37. Canada Vacation Rentals Market,2021-2031($Billion)
Figure 38. Mexico Vacation Rentals Market,2021-2031($Billion)
Figure 39. Germany Vacation Rentals Market,2021-2031($Billion)
Figure 40. France Vacation Rentals Market,2021-2031($Billion)
Figure 41. Uk Vacation Rentals Market,2021-2031($Billion)
Figure 42. Italy Vacation Rentals Market,2021-2031($Billion)
Figure 43. Spain Vacation Rentals Market,2021-2031($Billion)
Figure 44. Rest of Europe Vacation Rentals Market,2021-2031($Billion)
Figure 45. China Vacation Rentals Market,2021-2031($Billion)
Figure 46. India Vacation Rentals Market,2021-2031($Billion)
Figure 47. Japan Vacation Rentals Market,2021-2031($Billion)
Figure 48. Australia Vacation Rentals Market,2021-2031($Billion)
Figure 49. Rest of Asia-Pacific Vacation Rentals Market,2021-2031($Billion)
Figure 50. Latin America Vacation Rentals Market,2021-2031($Billion)
Figure 51. Middle East Vacation Rentals Market,2021-2031($Billion)
Figure 52. Africa Vacation Rentals Market,2021-2031($Billion)
Figure 53. Top Winning Strategies, by Year
Figure 54. Top Winning Strategies, by Development
Figure 55. Top Winning Strategies, by Company
Figure 56. Product Mapping of Top 10 Players
Figure 57. Competitive Dashboard
Figure 58. Competitive Heatmap of Top 10 Key Players
Figure 59. Makemytrip Pvt. Ltd..: Net Sales ,($Billion)
Figure 60. Airbnb Inc..: Net Sales ,($Billion)
Figure 61. Tripping.Com.: Net Sales ,($Billion)
Figure 62. Tripadvisor Inc..: Net Sales ,($Billion)
Figure 63. Extra Holidays.: Net Sales ,($Billion)
Figure 64. Novasol As.: Net Sales ,($Billion)
Figure 65. Hometogo.: Net Sales ,($Billion)
Figure 66.9Flats.Com.: Net Sales ,($Billion)
Figure 67. Expedia, Inc..: Net Sales ,($Billion)
Figure 68. Vrbo.: Net Sales ,($Billion)
Figure 69. Booking.Com.: Net Sales ,($Billion)
Figure 70. Hotels.Com.: Net Sales ,($Billion)
Figure 71. Hotelscombined.: Net Sales ,($Billion)
Figure 72. Hotwire, Inc..: Net Sales ,($Billion)
Figure 73. Yatra Online Private Limited.: Net Sales ,($Billion)
Figure 74. Homestay.Com.: Net Sales ,($Billion)
Figure 75. Atraveo GmbH.: Net Sales ,($Billion)

Executive Summary

According to the report, titled, “Vacation Rentals Market," the Vacation Rentals Market Size was valued at $91.20 billion in 2021, and is estimated to reach $315 billion by 2031, growing at a CAGR of 12.4% from 2022 to 2031.

Vacation rental refers to transient public lodging property let out on rent to tourists as an alternative to hotels. Typically, vacation rentals stays are shorter than 30 days. They consist of furnished apartments and professionally managed resorts or houses. Some popular vacation rentals worldwide include Airbnb, Expedia, HomeAway, VRBO, and others.

Tourism is one of the fastest growing industries in the world and the vacation rental business is one of the most important sectors driving the growth. The mainstream vacation rental market has opened up a whole new way of traveling that appeals to multiple generations and travellers from all walks of life.

The diversity of the target audience is matched by the broad spectrum of those operating vacation rentals. Everyone has the ability to become part statistic of the vacation rental industry and there is no shortage of individuals, local and regional property management companies, and even multi-million dollar businesses taking advantage of this 21st century spin on lodging. With single room rentals, stately manors, and everything in between there is literally a seat for every bottom.

The vacation rental industry is changing as quickly as it is growing and keeping up with the latest Vacation Rentals Market Trends can be a daunting task. The days of guests being satisfied with the amenities of the traditional motor lodge, motel, or hotel are long gone. A more personalized service is rising to maintain high occupancy rates, and the wants and needs of guests seem to change by the minute.

In addition, consumers are shifting their spending pattern from durable goods to recreation and travel. Experiential value refers to people’s satisfaction through the experience of using a product or service. There has been a fundamental change in consumer values toward experience, since the spending on experiences such as travel and leisure has increased. Therefore, the travel industry has witnessed exponential growth, which has consequently shown a positive effect on the accommodation sector. However, fraud attacks on travel accommodation are rampant and frauds have increased with continuous evolution in fraudulent techniques. Consumers today turn toward digital channels for making online accommodation bookings, due to increased convenience and flexibility. However, the online booking scams have also witnessed a manifold increase. This has created an inexplicable challenge not only for the e-commerce merchants, but also for the industry.

However, political unrest and terrorist attacks hampers the overall market growth. Political unrest and terrorism have affected the overall volume of foreign trips and choice of destination. Terrorism risk tends to profoundly intimidate the tourist affecting tourist perceptions of destinations and travel behaviour. A mismanaged disaster results in tarnishing the destination’s image, thereby impacting the revenues negatively in local tourism industry. For instance, Sri Lanka endured a long tourist slump in wake of the recent terror attacks in past couple of years. Aftermath of terror attacks in the country has resulted in cancelling of bookings to Sri Lanka by various tour operators. A similar catastrophic effect has been endured by the tourism industry of France after the Paris attacks, resulting in a loss of more than $787 million.

The trend of solo travellers has risen significantly over the past few years. It is driven by the desire of travellers to explore and learn new things or take a break from busy schedules, which is boosting Vacation Rentals Market Demand. According to Hostelworld, the bookings by solo travellers increased by 42% between 2015 and 2020. It has gradually become one of the fastest growing travel subsets. For this reason, accommodations that enable consumers to reside in simple-affordable vacation rentals such as Airbnb, and Tripping have gained traction in the market. Hence, this trend can be regarded as an opportunity for the global vacation rental market.

Development in vacation rental industry and service providers that offer critical aspects and priorities to travellers during their stays is expected to ensure growth and sustainability for the players in this business sector. Innovative concepts such as hyper-personalized hotel rooms, smart rooms, reality in-room experience through artificial intelligence are a few advancements that are trending and can garner maximum attraction of most travellers today. Artificial intelligence has become a great innovation in the vacation rental sector. For instance, the use of voice commands for a human-like interaction and room assistance. Likewise, the use of chatbots to enable travellers to use text or voice commands to book a reservation makes vacation rental booking convenient.

The Vacation Rentals Market is segmented into accommodation, price point, booking, location type, end user generation and region. The accommodation segment home, condos, hometown and villas. On the basis of price point, the market is categorized into economy, mid-range, and luxury. Depending on mode of booking, it is segregated into online travel agency, hotel website, and others. The location type covered in the study include resort area, rural area, small towns and others. Based on end user generation the market is classified as Gen Z, Millennials, Gen X, and Boomers.Region wise, it is studied across North America (U.S., Canada, and Mexico), Europe (Germany, Spain, UK, Italy, France, Switzerland, and rest of Europe), Asia-Pacific (India, China, Japan, Australia, and rest of Asia-Pacific), and LAMEA (Latin America, Middle East, and Africa).

They key players included in the vacation rental market analysis are MakeMyTrip Pvt. Ltd., Airbnb Inc., Tripping.com, TripAdvisor Inc., Extra Holidays, novasol as, HomeToGo, 9flats.com, Expedia, Inc., Vrbo, Booking.com, Hotels.com, HotelsCombined, Hotwire, Inc., Yatra Online Private Limited, Homestay.com, and atraveo gmbh.

Key Findings of the Study

  • By accommodation, the home segment has the highest Vacation Rentals Market Share in 2021, and is estimated to grow at a CAGR of 12.4% during the forecast period. However, the villas segment is expected to witness higher Vacation Rentals Market Growth rate during the forecast.
  • Depending on Vacation Rentals Market Forecast by price point, the mid-range segment led the market in 2021, and is estimated to grow at a CAGR of 12.3% during the forecast period. However, the luxury segment dominated the global market owing to rise in disposable income.
  • On the basis of vacation rental market analysis by booking, the direct booking segment exhibited the highest growth in 2021, and is estimated to register a CAGR of 12.3% during the forecast period. However, the luxury segment is expected to witness a high growth rate of 13.1% during the forecast period.
  • On the basis of vacation rental market analysis by location type, the resort area segment exhibited the highest growth in 2021, and is estimated to register a CAGR of 12.7% during the forecast period. However, the others segment is expected to witness a high growth rate of 14.1% during the forecast period.
  • On the basis of vacation rental market analysis by end user generation, the Gen Z segment exhibited the highest growth in 2021, and is estimated to register a CAGR of 12.7% during the forecast period. However, the Gen X segment is expected to witness a high growth rate of 14.4% during the forecast period.
  • Region wise, Europe was the highest contributor to the Vacation Rentals Industryin 2021, and is estimated to grow at a CAGR of 11.9% during the forecast period. However, Asia-Pacific region is expected to witness high growth rate during the forecast period. The major factor that attracts the travellers in Asia-Pacific region is its niche destinations.

Companies Mentioned

  • Makemytrip Pvt. Ltd.
  • Airbnb Inc.
  • Tripping.Com
  • Tripadvisor Inc.
  • Extra Holidays
  • Novasol As
  • Hometogo
  • 9Flats.Com
  • Expedia, Inc.
  • Vrbo
  • Booking.Com
  • Hotels.Com
  • Hotelscombined
  • Hotwire, Inc.
  • Yatra Online Private Limited
  • Homestay.Com
  • Atraveo Gmbh

Methodology

The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.

They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.

They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:

  • Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic news articles and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast

Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.

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Table Information

Report AttributeDetails
No. of Pages230
PublishedAugust 2022
Forecast Period2021 - 2031
Estimated Market Value ( USD ) in 2021 $ 91.2 billion
Forecasted Market Value ( USD ) by 2031 $ 315 billion
Compound Annual Growth Rate13.2%
Regions CoveredGlobal
No. of Companies Mentioned17

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