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Vacation Rental Market Vacation Rental Market Share, Size, Trends, Industry Analysis Report, By Booking Mode (Online, Offline), By Accommodation Type (Home, Apartments, Resort/Condominium, Others), By Region, And Segment Forecasts, 2024 - 2032 Request Free Sample Request Free Sample @Polaris Market Research and Consulting LLP
Market Overviews The global vacation rental market size was valued at USD 84.06 billion billion in 2024. The vacation rental industry is projected to USD 123.69 billion 123.69 billion by 2032, exhibiting a CAGR of 4.90% 2024- 2032. USD 84.06 USD CAGR of 4.90% during Buy Now Buy Now @Polaris Market Research and Consulting LLP
Growth Drives Travelers prefer vacation rentals for greater comfort, privacy, and affordability over traditional hotel stays. • Vacation rentals attract families and pet owners, broadening their appeal across multiple traveler segments. • Comparable amenities to hotels make vacation rentals a budget-friendly yet comfortable lodging choice. • TurnKey survey shows 64% of travelers now favor vacation rentals over traditional hotels. • 71% of families with children choose rentals for meal preparation convenience during travel. • @Polaris Market Research and Consulting LLP
Report Highlights Home accommodation held the largest share, owing to the preference of stay homes among travelers, access to amenities, and appropriate safety features • Online channels segment will grow at the fastest rate, due to rising penetration of smartphones across regions, rental service providers, and online service providers • Europe dominated the market, due to presence of high-net-worth individuals with desire to travel abroad • APAC witnessed the highest growth rate; this is primarily due to presence of young population in the South Asian nations seeking luxury travel across exotic locations • @Polaris Market Research and Consulting LLP
Major Competitive 9flats.com • Airbnb • Booking Holdings • Expedia Group • Hotelplan Holding • MakeMyTrip • NOVASOL • Oravel Stays • TripAdvisor • Wyndham Destinations. • @Polaris Market Research and Consulting LLP
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