Short-term Vacation Rental Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By Accommodation Type (Home, Apartments, Resort/Condominium, Others), By Booking Mode (Online, Offline), By Location (Urban, Rural, Beach, Mountain, Others), By Region & Competition, 2019-2029F

Industry : Consumer Goods and Retail
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Published Date : NA

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Summary

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Report Description

Forecast Period	2025-2029
Market Size (2023)	USD 110.2 Billion
CAGR (2024-2029)	8.4%
Fastest Growing Segment	Online
Largest Market	North America
Market Size (2029)	USD 178.3 Billion

Market Overview

Global Short-term Vacation Rental Market was valued at USD 110.2 Billion in 2023 and is anticipated to project robust growth in the forecast period with a CAGR of 8.4% through 2029. The growth of the global market is being fueled by increasing demand for staycations, higher spending on travel and tourism, and travelers' preference for budget-friendly accommodations. However, the pandemic blurred the lines between work and leisure, leading to a surge in the popularity of remote work. This flexibility in employment has resulted in a notable increase in environmentally conscious travelers opting for eco-friendly holiday rentals. Moreover, the presence of fake listings for apartments, condos, and homes is impeding industry growth. Nonetheless, consumer awareness of services and offerings is increasing due to the widespread use of the internet and social media platforms. To capture a larger market share, key companies are introducing various services, exotic destinations, and amenities, particularly targeting female travelers.

Key Market Drivers

Economic Considerations

Economic factors have also played a significant role in the growth of the short-term vacation rental market. Both property owners and travelers often find short-term rentals to be more cost-effective than traditional hotel stays. Property owners can generate additional income by renting out their spaces, while travelers can often find more affordable and spacious alternatives to hotels. In times of economic uncertainty, individuals may turn to short-term vacation rentals as a means of optimizing their spending without compromising on the quality of their travel experience. This economic advantage has contributed to the resilience of the short-term vacation rental market, making it an attractive option for various segments of the population.

Globalization and Increased Travel

The globalization of businesses and the ease of international travel have led to an upsurge in the demand for short-term vacation rentals. As people increasingly traverse borders for work or leisure, the need for flexible and convenient accommodation options has grown. Short-term rentals provide a suitable solution for travelers seeking temporary housing in diverse locations, ranging from business trips to leisure vacations. Additionally, the rise of digital nomadism has further fueled the demand for short-term vacation rentals, as individuals opt for longer stays in various destinations while working remotely. The global nature of modern lifestyles has thus become a major driver for the expansion of the short-term vacation rental market.

Regulatory Environment and Legislative Changes

The regulatory environment has undergone significant changes in response to the rapid growth of the short-term vacation rental market. Many cities and regions have adapted or implemented regulations to address concerns related to zoning, safety, and taxation. As regulatory frameworks become clearer and more accommodating, property owners and travelers gain confidence in participating in the short-term rental market. Some areas have embraced short-term vacation rentals as a means of boosting tourism and local economies, leading to more favorable regulatory environments. The adaptation of regulations to accommodate short-term vacation rentals has thus contributed to the market's expansion by providing a more stable and predictable operating environment.

Rise of the Experience Economy

The experience economy, where consumers prioritize experiences over material possessions, has significantly influenced the short-term vacation rental market. Travelers are increasingly seeking unique and memorable experiences, and short-term rentals align with this trend. Vacation rentals often offer distinctive features, such as themed interiors, picturesque locations, or local cultural immersion, providing travelers with a more enriching experience compared to standard hotel accommodations. The ability to live like a local and create lasting memories has become a major draw for consumers, propelling the short-term vacation rental market forward.

Flexible Accommodation Options for Various Traveler Segments

Short-term vacation rentals cater to a wide range of traveler segments, from families and solo travelers to large groups. The flexibility in accommodation options, including entire homes, apartments, and shared spaces, makes short-term rentals appealing to diverse demographics. Families can benefit from the added space and amenities, while solo travelers may appreciate the affordability and local connections offered by renting a room in a host's home. This versatility in meeting the distinct needs of different traveler segments has been a driving force behind the sustained growth of the short-term vacation rental market.

Millennial and Generation Z Travel Trends

The travel habits of younger generations, specifically Millennials and Generation Z, have played a crucial role in shaping the short-term vacation rental market. These demographics prioritize experiences over possessions, seek authenticity, and value the sharing economy. Short-term vacation rentals align well with these preferences, offering unique and personalized experiences that resonate with the younger traveler. The influence of social media in showcasing travel experiences has further fueled the desire for distinctive accommodations, driving the demand for short-term rentals among Millennials and Generation Z.

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Key Market Challenges

Impact on Local Housing Affordability

The growth of the short-term vacation rental market has raised concerns about its impact on local housing affordability. In popular tourist destinations, the conversion of residential properties into short-term rentals can reduce the available housing stock for long-term residents. Property owners may find it more lucrative to rent their homes on a short-term basis to tourists, potentially driving up rental and property prices in the local housing market.

This phenomenon has led to debates in various communities about the social and economic implications of short-term vacation rentals. Local residents may face difficulties finding affordable housing, and the sense of community can be disrupted when residential neighborhoods transform into transient tourist hubs. Balancing the economic benefits of short-term rentals with the need for affordable housing poses a significant challenge for policymakers and community stakeholders.

Strain on Community Infrastructure and Services

The popularity of short-term vacation rentals can strain local infrastructure and services. Residential neighborhoods not designed for high levels of transient occupancy may face challenges related to increased traffic, noise, and demands on utilities and waste management. Local governments may find it challenging to allocate resources effectively to accommodate the influx of short-term guests while maintaining the quality of life for permanent residents.

Balancing the economic benefits of tourism with the need to preserve community well-being requires thoughtful planning and collaboration between local authorities and the short-term vacation rental industry. Addressing these challenges involves developing sustainable strategies to manage the impact on community infrastructure and services, ensuring that short-term rentals contribute positively to the local economy without compromising the living conditions of permanent residents.

Quality Control and Guest Experience

Maintaining consistent quality control and ensuring a positive guest experience pose significant challenges for the short-term vacation rental market. Unlike standardized hotel accommodations, short-term rentals vary widely in terms of amenities, cleanliness, and overall quality. Property owners and managers face the challenge of meeting guest expectations and delivering a high level of service consistently.

Issues such as misrepresentation of properties in online listings, inadequate cleaning standards, or unresponsive hosts can result in negative guest reviews and damage the reputation of both individual properties and the entire short-term rental industry. Striking a balance between the unique, personalized experiences that guests seek and the need for standardized quality control presents an ongoing challenge for property owners and platforms alike.

Implementing effective quality control measures, setting clear expectations for both hosts and guests, and providing transparent and accurate property listings are crucial steps in addressing these challenges. The industry's reputation hinges on its ability to offer reliable and enjoyable accommodations, requiring continuous efforts to enhance and maintain service standards.

Key Market Trends

Sustainable and Eco-Friendly Practices

As global awareness of environmental issues continues to rise, the short-term vacation rental market is experiencing a trend towards sustainable and eco-friendly practices. Property owners and managers are adopting measures to reduce the environmental impact of their accommodations, incorporating energy-efficient appliances, utilizing renewable energy sources, and implementing waste reduction and recycling initiatives.

Eco-conscious travelers are increasingly seeking accommodations that align with their sustainability values. Listings highlighting environmentally friendly features and practices are gaining popularity, and some platforms are introducing eco-friendly badges or certifications to identify and promote sustainable properties. This trend reflects a broader shift in consumer preferences towards responsible and sustainable travel, with short-term vacation rentals positioned to meet the growing demand for eco-friendly accommodation options.

Flexibility in Booking Options

The short-term vacation rental market is adapting to changing consumer behavior by offering increased flexibility in booking options. The traditional model of fixed check-in and check-out times is evolving to accommodate the preferences of modern travelers, who seek flexibility in their travel itineraries. Many property owners are now implementing flexible check-in/out policies, allowing guests to tailor their arrival and departure times to better suit their schedules.

Another aspect of flexibility is the emergence of short-term rentals as suitable options for various types of trips, including last-minute getaways, weekend stays, and longer-term stays for remote work or extended vacations. This trend is reflective of a shift in the market towards catering to diverse traveler needs, providing more options beyond the conventional seven-day rental model.

Segmental Insights

Accommodation Type Insights

The global industry is segmented by accommodation type, including homes, apartments, resorts/condominiums, and others. In 2023, the home accommodation type segment emerged as the leader, capturing the highest share of overall revenue. This segment is expected to maintain its dominant position, growing steadily at a Compound Annual Growth Rate (CAGR) during the forecast period. The surge in family travel trends has notably boosted the demand for vacation home rentals worldwide. According to HomeAway's 2019 report, millennials are transitioning from solo backpacking to traveling in larger groups with friends and family. Conversely, the resort/condominium accommodation type segment is forecasted to achieve the fastest CAGR. The increasing popularity of short getaways has made rental resorts a preferred choice due to their various advantages and luxurious services. These benefits include upfront pricing, efficient employee service, secure tourist locations, access to spa and wellness amenities, organized recreational activities, and opportunities for positive social interactions. The growing appeal of short vacations has elevated rental resorts as an attractive option, offering a multitude of benefits and comfortable services.

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Regional Insights

In 2023, North America held a dominant position in the market, accounting for the highest share of overall revenue. This trend is projected to continue throughout the forecast period. A growing number of travelers, particularly millennials, are seeking to redefine their exploration of new destinations and seek out unique experiences, leading to the rising popularity of glamping. With increasing income levels among this demographic and a desire for novel vacation experiences, North America's regional market is anticipated to benefit positively in the forecast period. Conversely, the Asia Pacific region is expected to experience the fastest Compound Annual Growth Rate (CAGR) during this period.

Recent Developments

In 2023 - MakeMyTrip Pvt. Ltd., a company specializing in short-term vacation rentals, has unveiled a partnership with Microsoft aimed at expanding travel planning accessibility. They plan to introduce voice-assisted booking in Indian languages. By harnessing the power of Azure Cognitive Services and Microsoft Azure OpenAI Service, they have crafted a technology stack capable of delivering personalized travel suggestions tailored to individual preferences. This collaboration is geared towards fostering inclusivity in travel planning and enriching the overall experience for a broader demographic.
In 2023 - The Interhome Group, a wholly-owned subsidiary of the Hotelplan Group, has broadened its portfolio to encompass Denmark by establishing a strategic partnership with Sol og Strand, a Danish vacation rental brokerage. Sol og Strand provides access to over 6,000 vacation homes and apartments, enhancing Interhome's offerings in the region.

Key Market Players

9flats PTE. Limited
Airbnb, Inc.
Booking Holdings Inc.
Expedia Group, Inc.
MTCH AG (Hotelplan Group)
MakeMyTrip (India) Private Limited
Awaze A/S (NOVASOL)
Oravel Stays Limited
Tripadvisor LLC
Wyndham Destinations Inc.

By Accommodation Type	By Booking Mode	By Location	By Region
Home Apartments Resort/Condominium Others	Online Offline	Urban Rural Beach Mountain Others	North America Europe Asia Pacific South America Middle East & Africa

Report Scope:

In this report, the Global Short-term Vacation Rental Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

Short-term Vacation Rental Market, By Accommodation Type:

o Home

o Apartments

o Resort/Condominium

o Others

Short-term Vacation Rental Market, By Booking Mode:

o Online

o Offline

Short-term Vacation Rental Market, By Location:

o Urban

o Rural

o Beach

o Mountain

o Others

Short-term Vacation Rental Market, By Region:

o North America

§ United States

§ Canada

§ Mexico

o Europe

§ France

§ United Kingdom

§ Italy

§ Germany

§ Spain

o Asia-Pacific

§ China

§ India

§ Japan

§ Australia

§ South Korea

o South America

§ Brazil

§ Argentina

§ Colombia

o Middle East & Africa

§ South Africa

§ Saudi Arabia

§ UAE

§ Turkey

§ Egypt

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Global Short-term Vacation Rental Market.

Available Customizations:

Global Short-term Vacation Rental market report with the given market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

Company Information

Detailed analysis and profiling of additional market players (up to five).

Global Short-term Vacation Rental Market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]

Table of content

1. Introduction

1.1. Product Overview

1.2. Key Highlights of the Report

1.3. Market Coverage

1.4. Market Segments Covered

1.5. Research Tenure Considered

2. Research Methodology

2.1. Objective of the Study

2.2. Baseline Methodology

2.3. Key Industry Partners

2.4. Major Association and Secondary Sources

2.5. Forecasting Methodology

2.6. Data Triangulation & Validation

2.7. Assumptions and Limitations

3. Executive Summary

3.1. Market Overview

3.2. Market Forecast

3.3. Key Regions

3.4. Key Segments

4. Voice of Customer

4.1. Brand Awareness

4.2. Factors Influencing Purchase Decisions

4.3. Challenges Faced

5. Global Short-term Vacation Rental Market Outlook

5.1. Market Size & Forecast

5.1.1. By Value

5.2. Market Share & Forecast

5.2.1. By Accommodation Type Market Share Analysis (Home, Apartments, Resort/Condominium, Others)

5.2.2. By Booking Mode Market Share Analysis (Online, Offline)

5.2.3. By Location Market Share Analysis (Urban, Rural, Beach, Mountain, Others)

5.2.4. By Regional Market Share Analysis

5.2.4.1. North America Market Share Analysis

5.2.4.2. South America Market Share Analysis

5.2.4.3. Middle East & Africa Market Share Analysis

5.2.4.4. Europe Market Share Analysis

5.2.4.5. Asia-Pacific Market Share Analysis

5.2.5. By Top 5 Companies Market Share Analysis, Others (2023)

5.3. Global Short-term Vacation Rental Market Mapping & Opportunity Assessment

5.3.1. By Accommodation Type Market Mapping & Opportunity Assessment

5.3.2. By Booking Mode Market Mapping & Opportunity Assessment

5.3.3. By Location Market Mapping & Opportunity Assessment

5.3.4. By Region Market Mapping & Opportunity Assessment

6. North America Short-term Vacation Rental Market Outlook

6.1. Market Size & Forecast

6.1.1. By Value

6.2. Market Share & Forecast

6.2.1. By Accommodation Type Market Share Analysis

6.2.2. By Booking Mode Market Share Analysis

6.2.3. By Location Market Share Analysis

6.2.4. By Country Market Share Analysis

6.3. North America: Country Analysis

6.3.1. United States Short-term Vacation Rental Market Outlook

6.3.1.1. Market Size & Forecast

6.3.1.1.1. By Value

6.3.1.2. Market Share & Forecast

6.3.1.2.1. By Accommodation Type Market Share Analysis

6.3.1.2.2. By Booking Mode Market Share Analysis

6.3.1.2.3. By Location Market Share Analysis

6.3.2. Canada Short-term Vacation Rental Market Outlook

6.3.2.1. Market Size & Forecast

6.3.2.1.1. By Value

6.3.2.2. Market Share & Forecast

6.3.2.2.1. By Accommodation Type Market Share Analysis

6.3.2.2.2. By Booking Mode Market Share Analysis

6.3.2.2.3. By Location Market Share Analysis

6.3.3. Mexico Short-term Vacation Rental Market Outlook

6.3.3.1. Market Size & Forecast

6.3.3.1.1. By Value

6.3.3.2. Market Share & Forecast

6.3.3.2.1. By Accommodation Type Market Share Analysis

6.3.3.2.2. By Booking Mode Market Share Analysis

6.3.3.2.3. By Location Market Share Analysis

7. Europe Short-term Vacation Rental Market Outlook

7.1. Market Size & Forecast

7.1.1. By Value

7.2. Market Share & Forecast

7.2.1. By Accommodation Type Market Share Analysis

7.2.2. By Booking Mode Market Share Analysis

7.2.3. By Location Market Share Analysis

7.2.4. By Country Market Share Analysis

7.3. Europe: Country Analysis

7.3.1. Germany Short-term Vacation Rental Market Outlook

7.3.1.1. Market Size & Forecast

7.3.1.1.1. By Value

7.3.1.2. Market Share & Forecast

7.3.1.2.1. By Accommodation Type Market Share Analysis

7.3.1.2.2. By Booking Mode Market Share Analysis

7.3.1.2.3. By Location Market Share Analysis

7.3.2. United Kingdom Short-term Vacation Rental Market Outlook

7.3.2.1. Market Size & Forecast

7.3.2.1.1. By Value

7.3.2.2. Market Share & Forecast

7.3.2.2.1. By Accommodation Type Market Share Analysis

7.3.2.2.2. By Booking Mode Market Share Analysis

7.3.2.2.3. By Location Market Share Analysis

7.3.3. Italy Short-term Vacation Rental Market Outlook

7.3.3.1. Market Size & Forecast

7.3.3.1.1. By Value

7.3.3.2. Market Share & Forecast

7.3.3.2.1. By Accommodation Type Market Share Analysis

7.3.3.2.2. By Booking Mode Market Share Analysis

7.3.3.2.3. By Location Market Share Analysis

7.3.4. France Short-term Vacation Rental Market Outlook

7.3.4.1. Market Size & Forecast

7.3.4.1.1. By Value

7.3.4.2. Market Share & Forecast

7.3.4.2.1. By Accommodation Type Market Share Analysis

7.3.4.2.2. By Booking Mode Market Share Analysis

7.3.4.2.3. By Location Market Share Analysis

7.3.5. Spain Short-term Vacation Rental Market Outlook

7.3.5.1. Market Size & Forecast

7.3.5.1.1. By Value

7.3.5.2. Market Share & Forecast

7.3.5.2.1. By Accommodation Type Market Share Analysis

7.3.5.2.2. By Booking Mode Market Share Analysis

7.3.5.2.3. By Location Market Share Analysis

8. Asia-Pacific Short-term Vacation Rental Market Outlook

8.1. Market Size & Forecast

8.1.1. By Value

8.2. Market Share & Forecast

8.2.1. By Accommodation Type Market Share Analysis

8.2.2. By Booking Mode Market Share Analysis

8.2.3. By Location Market Share Analysis

8.2.4. By Country Market Share Analysis

8.3. Asia-Pacific: Country Analysis

8.3.1. China Short-term Vacation Rental Market Outlook

8.3.1.1. Market Size & Forecast

8.3.1.1.1. By Value

8.3.1.2. Market Share & Forecast

8.3.1.2.1. By Accommodation Type Market Share Analysis

8.3.1.2.2. By Booking Mode Market Share Analysis

8.3.1.2.3. By Location Market Share Analysis

8.3.2. India Short-term Vacation Rental Market Outlook

8.3.2.1. Market Size & Forecast

8.3.2.1.1. By Value

8.3.2.2. Market Share & Forecast

8.3.2.2.1. By Accommodation Type Market Share Analysis

8.3.2.2.2. By Booking Mode Market Share Analysis

8.3.2.2.3. By Location Market Share Analysis

8.3.3. Japan Short-term Vacation Rental Market Outlook

8.3.3.1. Market Size & Forecast

8.3.3.1.1. By Value

8.3.3.2. Market Share & Forecast

8.3.3.2.1. By Accommodation Type Market Share Analysis

8.3.3.2.2. By Booking Mode Market Share Analysis

8.3.3.2.3. By Location Market Share Analysis

8.3.4. South Korea Short-term Vacation Rental Market Outlook

8.3.4.1. Market Size & Forecast

8.3.4.1.1. By Value

8.3.4.2. Market Share & Forecast

8.3.4.2.1. By Accommodation Type Market Share Analysis

8.3.4.2.2. By Booking Mode Market Share Analysis

8.3.4.2.3. By Location Market Share Analysis

8.3.5. Australia Short-term Vacation Rental Market Outlook

8.3.5.1. Market Size & Forecast

8.3.5.1.1. By Value

8.3.5.2. Market Share & Forecast

8.3.5.2.1. By Accommodation Type Market Share Analysis

8.3.5.2.2. By Booking Mode Market Share Analysis

8.3.5.2.3. By Location Market Share Analysis

9. South America Short-term Vacation Rental Market Outlook

9.1. Market Size & Forecast

9.1.1. By Value

9.2. Market Share & Forecast

9.2.1. By Accommodation Type Market Share Analysis

9.2.2. By Booking Mode Market Share Analysis

9.2.3. By Location Market Share Analysis

9.2.4. By Country Market Share Analysis

9.3. South America: Country Analysis

9.3.1. Brazil Short-term Vacation Rental Market Outlook

9.3.1.1. Market Size & Forecast

9.3.1.1.1. By Value

9.3.1.2. Market Share & Forecast

9.3.1.2.1. By Accommodation Type Market Share Analysis

9.3.1.2.2. By Booking Mode Market Share Analysis

9.3.1.2.3. By Location Market Share Analysis

9.3.2. Argentina Short-term Vacation Rental Market Outlook

9.3.2.1. Market Size & Forecast

9.3.2.1.1. By Value

9.3.2.2. Market Share & Forecast

9.3.2.2.1. By Accommodation Type Market Share Analysis

9.3.2.2.2. By Booking Mode Market Share Analysis

9.3.2.2.3. By Location Market Share Analysis

9.3.3. Colombia Short-term Vacation Rental Market Outlook

9.3.3.1. Market Size & Forecast

9.3.3.1.1. By Value

9.3.3.2. Market Share & Forecast

9.3.3.2.1. By Accommodation Type Market Share Analysis

9.3.3.2.2. By Booking Mode Market Share Analysis

9.3.3.2.3. By Location Market Share Analysis

10. Middle East and Africa Short-term Vacation Rental Market Outlook

10.1. Market Size & Forecast

10.1.1. By Value

10.2. Market Share & Forecast

10.2.1. By Accommodation Type Market Share Analysis

10.2.2. By Booking Mode Market Share Analysis

10.2.3. By Location Market Share Analysis

10.2.4. By Country Market Share Analysis

10.3. MEA: Country Analysis

10.3.1. South Africa Short-term Vacation Rental Market Outlook

10.3.1.1. Market Size & Forecast

10.3.1.1.1. By Value

10.3.1.2. Market Share & Forecast

10.3.1.2.1. By Accommodation Type Market Share Analysis

10.3.1.2.2. By Booking Mode Market Share Analysis

10.3.1.2.3. By Location Market Share Analysis

10.3.2. Saudi Arabia Short-term Vacation Rental Market Outlook

10.3.2.1. Market Size & Forecast

10.3.2.1.1. By Value

10.3.2.2. Market Share & Forecast

10.3.2.2.1. By Accommodation Type Market Share Analysis

10.3.2.2.2. By Booking Mode Market Share Analysis

10.3.2.2.3. By Location Market Share Analysis

10.3.3. UAE Short-term Vacation Rental Market Outlook

10.3.3.1. Market Size & Forecast

10.3.3.1.1. By Value

10.3.3.2. Market Share & Forecast

10.3.3.2.1. By Accommodation Type Market Share Analysis

10.3.3.2.2. By Booking Mode Market Share Analysis

10.3.3.2.3. By Location Market Share Analysis

10.3.4. Turkey Short-term Vacation Rental Market Outlook

10.3.4.1. Market Size & Forecast

10.3.4.1.1. By Value

10.3.4.2. Market Share & Forecast

10.3.4.2.1. By Accommodation Type Market Share Analysis

10.3.4.2.2. By Booking Mode Market Share Analysis

10.3.4.2.3. By Location Market Share Analysis

10.3.5. Egypt Short-term Vacation Rental Market Outlook

10.3.5.1. Market Size & Forecast

10.3.5.1.1. By Value

10.3.5.2. Market Share & Forecast

10.3.5.2.1. By Accommodation Type Market Share Analysis

10.3.5.2.2. By Booking Mode Market Share Analysis

10.3.5.2.3. By Location Market Share Analysis

11. Market Dynamics

11.1. Drivers

11.2. Challenges

12. Market Trends & Developments

13. SWOT Analysis

13.1. Strength

13.2. Weakness

13.3. Opportunity

13.4. Threat

14. Competitive Landscape

14.1. Company Profiles

14.1.1. 9flats PTE. Limited

14.1.1.1. Company Details

14.1.1.2. Products & Services

14.1.1.3. Financials (As Per Availability)

14.1.1.4. Key Market Focus & Geographical Presence

14.1.1.5. Recent Developments

14.1.1.6. Key Management Personnel

14.1.2. Airbnb, Inc.

14.1.2.1. Company Details

14.1.2.2. Products & Services

14.1.2.3. Financials (As Per Availability)

14.1.2.4. Key Market Focus & Geographical Presence

14.1.2.5. Recent Developments

14.1.2.6. Key Management Personnel

14.1.3. Booking Holdings Inc.

14.1.3.1. Company Details

14.1.3.2. Products & Services

14.1.3.3. Financials (As Per Availability)

14.1.3.4. Key Market Focus & Geographical Presence

14.1.3.5. Recent Developments

14.1.3.6. Key Management Personnel

14.1.4. Expedia, Group, Inc.

14.1.4.1. Company Details

14.1.4.2. Products & Services

14.1.4.3. Financials (As Per Availability)

14.1.4.4. Key Market Focus & Geographical Presence

14.1.4.5. Recent Developments

14.1.4.6. Key Management Personnel

14.1.5. MTCH AG (Hotelplan Group)

14.1.5.1. Company Details

14.1.5.2. Products & Services

14.1.5.3. Financials (As Per Availability)

14.1.5.4. Key Market Focus & Geographical Presence

14.1.5.5. Recent Developments

14.1.5.6. Key Management Personnel

14.1.6. MakeMyTrip (India) Private Limited

14.1.6.1. Company Details

14.1.6.2. Products & Services

14.1.6.3. Financials (As Per Availability)

14.1.6.4. Key Market Focus & Geographical Presence

14.1.6.5. Recent Developments

14.1.6.6. Key Management Personnel

14.1.7. Awaze A/S (NOVASOL)

14.1.7.1. Company Details

14.1.7.2. Products & Services

14.1.7.3. Financials (As Per Availability)

14.1.7.4. Key Market Focus & Geographical Presence

14.1.7.5. Recent Developments

14.1.7.6. Key Management Personnel

14.1.8. Oravel Stays Limited

14.1.8.1. Company Details

14.1.8.2. Products & Services

14.1.8.3. Financials (As Per Availability)

14.1.8.4. Key Market Focus & Geographical Presence

14.1.8.5. Recent Developments

14.1.8.6. Key Management Personnel

14.1.9. Tripadvisor LLC

14.1.9.1. Company Details

14.1.9.2. Products & Services

14.1.9.3. Financials (As Per Availability)

14.1.9.4. Key Market Focus & Geographical Presence

14.1.9.5. Recent Developments

14.1.9.6. Key Management Personnel

14.1.10. Wyndham Destinations Inc.

14.1.10.1. Company Details

14.1.10.2. Products & Services

14.1.10.3. Financials (As Per Availability)

14.1.10.4. Key Market Focus & Geographical Presence

14.1.10.5. Recent Developments

14.1.10.6. Key Management Personnel

15. Strategic Recommendations

15.1. Key Focus Areas

15.2. Target Accommodation Type

15.3. Target Location

16. About Us & Disclaimer

Figures and Tables

Frequently asked questions

What was the market size of the Global Short-term Vacation Rental Market in 2023?

The market size of the Global Short-term Vacation Rental Market was estimated to be USD 110.2 Billion in 2023.

Which was the dominant segment By Accommodation Type in the Global Short-term Vacation Rental Market in 2023?

The home accommodation type segment demonstrated significant dominance in 2023. and this trend is expected to continue into the future. The segment is estimated to retain its leading position growing at a steady CAGR during the forecast period. New trends surrounding family travel have remarkably increased the demand for vacation home rentals across the globe.

Which was the dominant region in the Global Short-term Vacation Rental Market?

North America dominated the market with largest revenue share in 2023. This is owing to the increasing income levels among travelers, coupled with the desire to experience new types of vacations.

What are the major drivers for the Global Short-term Vacation Rental Market?

The rising demand for staycations, rising expenditure on travel and tourism, and travelers’ inclination toward budget-friendly accommodations are the major drivers for the Global Short-term Vacation Rental Market.

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Parvati Sharma

Account Manager BD

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Press Release

Short-term Vacation Rental Market to Grow with a CAGR of 8.4% through 2029

Oct, 2024

Rising disposable incomes and changing travel preferences, with a shift towards unique and personalized experiences are factors driving the global Short-term Vacation Rental market in the forecast pe