Global Short Term Vacation Rental Market 2024-2028
The short term vacation rental market is forecasted to grow by USD 57.05 bn during 2023-2028, accelerating at a CAGR of 8.32% during the forecast period. The report on the short term vacation rental market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by growing tourism industry and increasing popularity of short term rental properties, rising popularity of rural and remote destinations, and user-friendly mobile applications for accessing short term vacation rentals.
Technavio's short term vacation rental market is segmented as below:
By Mode Of Booking
By Management
- Managed by owners
- Professionally managed
By Geographical Landscape
- Europe
- North America
- APAC
- Middle East and Africa
- South America
This study identifies the technological advancements in short term vacation rental properties as one of the prime reasons driving the short term vacation rental market growth during the next few years. Also, adoption of effective promotional strategies and proliferation of vacation rental business services and increased professionalism will lead to sizable demand in the market.
The report on the short term vacation rental market covers the following areas:
- Short term vacation rental market sizing
- Short term vacation rental market forecast
- Short term vacation rental market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading short term vacation rental market vendors that include 9flats.com PTE Ltd., Agoda Co. Pte. Ltd., Airbnb Inc., atraveo GmbH, Booking Holdings Inc., Casiola WorldWide LLC, Evolve Vacation Rental Network Inc., Expedia Group Inc., Hobiz Holidays Pvt. Ltd., Holidu GmbH, Homely Stays Pte. Ltd., Homestay Technologies Ltd., HomeToGo GmbH, Housewise Services Pvt. Ltd., MakeMyTrip Ltd., Roamhome Pvt. Ltd., StayBeyond Ltd., TripAdvisor Inc., Vacasa Inc., and Vacation Rental Pros Property Management LLC. Also, the short term vacation rental market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.