Global Short-term Vacation Rental Market Size study & Forecast, by Accommodation Type (Home, Apartments, Resort/Condominium, Others), by Booking Mode (Online, Offline) and Regional Analysis, 2022-2029

Global Short-term Vacation Rental Market Size study & Forecast, by Accommodation Type (Home, Apartments, Resort/Condominium, Others), by Booking Mode (Online, Offline) and Regional Analysis, 2022-2029

Global Short-term Vacation Rental Market is valued at approximately USD 99.38 billion in 2021 and is anticipated to grow with a healthy growth rate of more than 11.1% over the forecast period 2022-2029. The short-term vacation rental is a type of renting facility that offers furnished houses, apartments, and generally large multi-bedroom villas with ample space as an alternative to a hotel. Factors such as increasing spending on staycations, thriving growth of the travel and tourism sector, and rising inclination of travelers toward budget-friendly accommodations are driving the market growth across the globe.

According to Statista, the average expenditure on a staycation during summer holidays n the United Kingdom (UK) reached USD 877.71 in 2021 from USD 683.97 in 2017. Thereby, the rising expenditure on various staycation facilities is augmenting the market growth worldwide. In addition, increasing disposable income, as well as the rising influence of social media and the internet among consumers is presenting lucrative opportunities for market growth over the forecasting years. However, a fake listing of condos, homes, and apartments is hindering market growth throughout the forecast period of 2022-2029.

The key regions considered for the Global Short-term Vacation Rental Market study include Asia Pacific, North America, Europe, Latin America, and the Rest of the World. North America dominated the space in terms of revenue, owing to the increasing number of traveling activities, along with the growing trend of experiencing a variety of vacations, especially among millennial people. Whereas, the Asia Pacific is expected to grow significantly during the forecast period. Factors such as demographic features, development of the regional tourism sector, as well as increasing per capita income of populations are burgeoning the market growth in the forecasting years.

Major market players included in this report are:
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.
Recent Developments in the Market:
In December 2020, Nasdaq and Airbnb publicized their new joint campaign in order to host a one-night stay arranged in a private dome in New York with a view of the Times Square ball drop on the occasion of New Year’s Eve.
In October 2019, Booking Holdings, Inc. announced that the company invested in Serko- a New Zealand-based travel and expense technology company. The objective of this investment is to expand Booking Holdings, Inc. global through the use of Zeno- an online platform of Serko, whereas Serko intends to incorporate content from Booking.com into its Zeno travel booking tool.

Global Short-term Vacation Rental Market Report Scope:
Historical Data 2019-2020-2021
Base Year for Estimation 2021
Forecast period 2022-2029
Report Coverage Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered

Accommodation Type, Booking Mode, Region
Regional Scope North America; Europe; Asia Pacific; Latin America; Rest of the World
Customization Scope Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define the market sizes of different segments & countries in recent years and to forecast the values for the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within the countries involved in the study.

The report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with a detailed analysis of the competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Accommodation Type:
Home
Apartments
Resort/Condominium
Others
By Booking Mode:
Online
Offline
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the WorldCompanies 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.

Please note:The single user license is non-downloadable and non-printable. Global Site license allows these actions.