Global Vacation Rental Market 2024-2028
The vacation rental market is forecasted to grow by USD 23.54 mn during 2023-2028, accelerating at a CAGR of 4.55% during the forecast period. The report on the 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 the growing tourism industry and increasing popularity of short-term vacation rental properties, growing use of digitalization and online platforms, and rising disposable incomes leading to increasing consumer spending.
Technavio's vacation rental market is segmented as below:
By Management
- Managed by owners
- Professionally managed
By Method
By Geographical Landscape
- Europe
- North America
- APAC
- Middle East and Africa
- South America
This study identifies the rising availability of instant booking features as one of the prime reasons driving the vacation rental market growth during the next few years. Also, the rising popularity of rural and remote destinations and the adoption of effective promotional strategies will lead to sizable demand in the market.
The report on the vacation rental market covers the following areas:
- Vacation rental market sizing
- Vacation rental market forecast
- 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 vacation rental market vendors that include 9flats.com PTE Ltd., Accor SA, Agoda Co. Pte. Ltd., Airbnb Inc., AltexSoft Inc., Bennington Properties LLC, Bluefish Vacation Rentals, BoutiqueHomes, Clickstay Ltd., Elite Destination Homes, Elite LLC, Holidu GmbH, Hotelplan Management AG, MakeMyTrip Ltd., NOVASOL AS, Oravel Stays Ltd., TripAdvisor Inc., VIVI HOLIDAY HOMES S.L., World Travel Holdings, Wyndham Hotels and Resorts Inc., and Expedia Group Inc.. Also, the 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.