Vacation Rental Marketsize was valued at USD 85.57 Billion in 2023 and the total Vacation Rental Market size is expected to grow at a CAGR of 4.27 4.8 % from 2024 to 2030, reaching nearly USD 114.7 Billion by 2030.
Vacation RentalMarket Overview
Stellar Market Research, anVacation Rentalbusiness research firm has published a report on the Vacation RentalMarket. As per the Vacation Rentalreport, the total market forVacation RentalMarket was USD85.57 Bn. in 2023 and is expected to reach USD114.7 Bn. by 2030.
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Vacation RentalMarket Report Scope and Research Methodology
The report on the Market covers an in-depth analysis of the industry. Key insights of the report include theVacation RentalMarket size and the growth rate. Statistical and analytical tools are then used to analyse the data, identify market trends, estimate market size and growth potential. Additionally, competitive analysis may be conducted to understand the market share, product offerings, and competitive strategies of key market players. Comprehensive research is crucial for providing accurate and dependable insights into theVacation RentalMarket, and guiding decision-makers about the present and future status of the market.
Such an analysis provides valuable information on market penetration, regional dominance and growth strategies adopted by the key players in the market. Swot analysis is used to identify the strength and weaknesses of the market. The bottom-up approach was used to estimate theVacation RentalMarket size
Vacation RentalMarket Regional Insights
The report includes a thorough analysis of all the factors, market size, growth rate, and import and export in regions. The Regional Analysis used in the report to understand theVacation Rentalmarket status in various countries. TheVacation Rentalmarket is broadly segmented into North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa.
Vacation RentalMarket Segmentation
Based on Booking Mode, the OnlineSegment held the largest share in the Vacation Rental Market in 2023 and is expected to grow with an increasing CAGR till 2030 owing to a shift in customer preference for online booking has boosted the market growth. Online booking offers convenience and gives freedom for travellers to book a house at any time.
Based on Accommodation Type, the Home segment dominated the market and is expected to maintain its dominance through the forecast period. Travellers are increasingly favouring vacation rentals over hotels owing to their comfort, affordability, privacy and family and pet-friendly nature. Amenities provided by the homeowners are the major driving factors that have propelled the market growth. As home offers luxurious amenities like a private gym, private pool etc. which has accelerated the demand in the market. Rental homes offer more privacy and space than hotels rental homes usually offer better value for the money than hotels.
By Booking Mode
Online
Offline
By Accommodation Type
Homes
Apartments
Resorts
Others
By Price Range
Economic
Mid-Range
Luxury
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Vacation RentalMarket Key Players
Housewise
AirBnB Rental Management Company
Vacasa
VTrips
9flats.com Pte Ltd.
Booking Holdings Inc.
Expedia Group Inc.
MakeMyTrip Pvt. Ltd.
NOVASOL AS
TripAdvisor Inc.
Wyndham Destinations Inc.
Booking Holdings Inc.
Hotelplan Holding AG.
Oravel Stays Pvt. Ltd. (OYO Rooms)
TripAdvisor Inc.
HomeAway
Interhome
RedAwning
GuestHouser
Awaze
Evolve
Homerez
The Travel Chapter
Feriepartner
Sol og Strand
XXX Inc
Key questions answered in theVacation RentalMarket are:
- What isVacation Rental?
- What was theVacation Rentalmarket size in 2023?
- What is the growth rate of theVacation RentalMarket?
- Which are the factors expected to drive theVacation Rentalmarket growth?
- What are the different segments of theVacation RentalMarket?
- What growth strategies are the players considering to increase their presence inVacation Rental?
- What are the upcoming industry applications and trends for theVacation RentalMarket?
- What are the recent industry trends that can be implemented to generate additional revenue streams for theVacation RentalMarket?
- What segments are covered in theVacation RentalMarket?
- Who are the leading companies and what are their portfolios inVacation RentalMarket?
- What segments are covered in theVacation RentalMarket?
- Who are the key players in theVacation Rentalmarket?
Key Offerings:
- Past Market Size and Competitive Landscape (2018 to 2022)
- Past Pricing and price curve by region (2018 to 2022)
- Market Size, Share, Size Forecast by Different Segment | 2024-2030
- Market Dynamics Growth Drivers, Restraints, Opportunities, and Key Trends by Region
- Market Segmentation A detailed analysis by segment with their sub-segments and Region
- Competitive Landscape Profiles of selected key players by region from a strategic perspective
- Competitive landscape Market Leaders, Market Followers, Regional player
- Competitive benchmarking of key players by region
- PESTLE Analysis
- PORTERs analysis
- Value chain and supply chain analysis
- Legal Aspects of Business by Region
- Lucrative business opportunities with SWOT analysis
- Recommendations
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