short term vacation rental market trends, short term vacation rental market share, short term vacation rental market size, short term vacation rental market insights, short term vacation rental industry, global short term vacation rental market
How has the short-term vacation rental market evolved, and where is it heading next?
The short-term vacation rental market size has grown strongly in recent years. It will grow from $120.77 billion in 2024 to $131.65 billion in 2025 at a compound annual growth rate (CAGR) of 9.0%. The growth in the historic period can be attributed to increased travel demand, a rise in remote work, increased disposable incomes, rising disposable incomes, and a desire for escapes from city life to more rural or scenic locations.
The short-term vacation rental market size is expected to see strong growth in the next few years. It will grow to $184.51 billion in 2029 at a compound annual growth rate (CAGR) of 8.8%. The growth in the forecast period can be attributed to continued growth in remote work, increasing demand for eco-friendly and sustainable vacation rental options, improving personalized recommendations and targeted marketing, growing preference for unique and immersive travel experiences, and the expansion of global travel networks. Major trends in the forecast period include smart home integration, the use of AI and data analytics to offer tailored recommendations and customized travel experiences, the rise of remote work and digital nomadism, the integration of virtual and augmented reality, and the expansion of specialized rentals catering to specific interests.
Get Your Free Sample of The Global Short-Term Vacation Rental Market Report:
https://www.thebusinessresearchcompany.com/sample.aspx?id=18730&type=smp
What are the key drivers behind the rapid expansion of the short-term vacation rental market?
The increasing number of travelers is expected to propel the growth of the short-term vacation rental market going forward. The rise in travelers is driven by increased disposable income and a growing desire for unique and diverse experiences. Travelers utilize short-term vacation rentals for more personalized and cost-effective accommodations that offer local experiences and home-like amenities. For instance, in May 2024, according to the Office for National Statistics, a UK-based national statistical institute, the UK saw a rise in overseas visitors, with 38.0 million trips compared in 2023 to 31.2 million in 2022. These visitors spent £31.1 billion, an increase of $5.91 billion (£4.6 billion) from the previous year. Conversely, UK residents took 86.2 million trips abroad, up from 71.0 million in 2022, and spent $93.07 billion (£72.4 billion), $17.87 billion (£13.9 billion) more than the previous year. Therefore, the increasing number of travelers will drive the growth of the short-term vacation rental market.
What is the segmentation for the short-term vacation rental market?
The short-term vacation rental market covered in this report is segmented –
1) By Accommodation Type: Home, Apartments, Resorts Or Condominium, Other Accommodation Types
2) By Booking Mode: Online Or Platform-Based, Offline
3) By Management: Managed By Owners, Professionally Managed
Subsegments:
1) By Home: Single-Family Homes, Villas And Private Homes, Luxury Homes, Cottages And Cabins
2) By Apartments: Entire Apartments, Studio Apartments, Shared Apartments, Lofts
3) By Resorts Or Condominiums: Beach Resorts, Ski Resorts, Luxury Condominiums, All-Inclusive Resorts
4) By Other Accommodation Types: Bed And Breakfasts (B&B), Hostels, Farm Stays And Rural Accommodation, Glamping (Glamorous Camping), Boats Or Yachts, Treehouses or Unique Stays
Order your report now for swift delivery
https://www.thebusinessresearchcompany.com/report/short-term-vacation-rental-global-market-report
Who are the most influential companies in the short-term vacation rental market?
Major companies operating in the short-term vacation rental market are Booking Holdings Inc., Expedia Group Inc., Airbnb Inc., Wyndham Destinations Inc., Agoda Company Pte. Ltd., Tripadvisor Inc., Vacasa Inc., Oravel Stays Private Limited, NOVASOL A/S, MakeMyTrip Pvt. Ltd., Hotelplan Management AG, Evolve Vacation Rental Network Inc., Hopper Inc., Holidu GmbH, Vacation Rental Pros Property Management LLC, HomeToGo GmbH, Atraveo GmbH, 9flats.com PTE Ltd., Housewise Services Pvt. Ltd., Homestay Technologies Ltd., Casiola WorldWide LLC, Homely Stays Pte. Ltd., StayBeyond Ltd
What are the most influential trends expected to drive the short-term vacation rental market forward?
Major companies operating in the short-term rental market are developing property management solutions to enhance operational efficiency and improve guest experiences. Property management solutions refer to sophisticated software and systems that automate and streamline the management of rental properties, including booking, maintenance, and tenant communications. For instance, in January 2024, Guesty an Israel-based property management software provider company launched Guesty Lite. It is a streamlined property management solution for hosts managing 1-3 properties, offering Guesty’s top features and technology without complexity. It enhances listing visibility on key booking channels, automates daily tasks, and provides a scalable platform to boost revenue and guest satisfaction. It offers an all-in-one solution that ensures hosts can effortlessly deliver exceptional guest experiences.
What are the major regional insights for the short-term vacation rental market, and which region holds the top position?
North America was the largest region in the short-term vacation rental market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the short-term vacation rental market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Does The Short-Term Vacation Rental Market Report 2025 Offer?
The short-term vacation rental market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
Short-term vacation rental refers to the temporary leasing of a furnished property, such as a house or apartment, for a short duration, typically ranging from a few days to a few weeks. This type of rental provides travelers with an alternative to hotels, offering more space, amenities, and a home-like experience.
Purchase the exclusive report now to unlock valuable market insights:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=18730
About The Business Research Company
With over 15000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Armed with 1,500,000 datasets, the optimistic contribution of in-depth secondary research, and unique insights from industry leaders, you can get the information you need to stay ahead.
Our flagship product, the Global Market Model, is a premier market intelligence platform delivering comprehensive and updated forecasts to support informed decision-making.
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: [email protected]
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
