Short Term Vacation Rental Market 2024-2028 | Growing Tourism Industry And Increasing Popularity Of Short Term Rental Properties to Boost Growth | Technavio

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Jan 25, 2024, 11:13 ET

NEW YORK, Jan. 25, 2024 /PRNewswire/ -- The Global Short Term Vacation Rental Market is set for significant growth, projecting a Compound Annual Growth Rate (CAGR) of 8.32%, as per the latest report by Technavio. The market is set to witness a substantial increase of USD 57.05 billion between 2023 and 2028, driven by the burgeoning tourism industry, the rise in popularity of short-term rental properties, and the advent of user-friendly mobile applications for accessing vacation rentals. Explore comprehensive market scenarios with historical data covering 2018 to 2022 and future projections for the period 2024 to 2028. Secure your FREE sample report now!

Technavio has announced its latest market research report titled Global Short Term Vacation Rental Market 2024-2028

Key Drivers, Trends, and Challenges:
Analyzing data from 2023 as the base year, the report highlights key drivers fuelling market growth, notably the expansion of the global tourism industry. The adoption of smart home technology in short-term vacation rental properties emerges as a pivotal trend. However, the challenge lies in maintaining consistency in providing quality vacation rental properties, posing a potential hurdle to market growth. A few leading companies such as Agoda Co. Pte. Ltd., Airbnb Inc., Expedia Group Inc., and others are strategically positioned to strengthen their market presence.
The report offers detailed analyses of 20 market companies, categorizing them based on key factors and market dominance. Buy the full report to get detailed analysis of the competitive landscape.

Market Segmentation Overview:
The market is set for substantial growth in the offline booking segment, was valued at USD 73.86 billion in 2018. Europe is projected to contribute 36% to the global market growth during the forecast period. This report delves into market segmentation based on Mode Of Booking, Management, and Region. The short-term vacation rental market is forecasted to witness remarkable expansion, fuelled by factors reshaping the travel landscape. Explore growth analysis by revenue at global, regional, and country levels.
Gain actionable insights to stay ahead in a dynamic market landscape. To delve into the dynamics of the short-term vacation rental market, claim your FREE sample report here.
Related Reports:
The vacation rental market size is forecast to increase by USD 56.98 billion, at a CAGR of 5.12% between 2023 and 2028.
The Global Online Home Rental Services Market size is estimated to grow at a CAGR of 12.9% between 2022 and 2027. The size of the market is forecast to increase by USD 21.190 billion.

Table Of Contents :

1 Executive Summary

1.1 Market overview

Exhibit 01: Executive Summary – Chart on Market Overview
Exhibit 02: Executive Summary – Data Table on Market Overview
Exhibit 03: Executive Summary – Chart on Global Market Characteristics
Exhibit 04: Executive Summary – Chart on Market by Geography
Exhibit 05: Executive Summary – Chart on Market Segmentation by Mode of Booking
Exhibit 06: Executive Summary – Chart on Market Segmentation by Management
Exhibit 07: Executive Summary – Chart on Incremental Growth
Exhibit 08: Executive Summary – Data Table on Incremental Growth
Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

2.1 Market ecosystem

Exhibit 10: Parent market
Exhibit 11: Market Characteristics

3 Market Sizing

3.1 Market definition

Exhibit 12: Offerings of vendors included in the market definition

3.2 Market segment analysis

Exhibit 13: Market segments

3.3 Market size 2023

3.4 Market outlook: Forecast for 2023-2028

Exhibit 14: Chart on Global - Market size and forecast 2023-2028 (USD billion)
Exhibit 15: Data Table on Global - Market size and forecast 2023-2028 (USD billion)
Exhibit 16: Chart on Global Market: Year-over-year growth 2023-2028 (%)
Exhibit 17: Data Table on Global Market: Year-over-year growth 2023-2028 (%)

4 Historic Market Size

4.1 Global short term vacation rental market 2018 - 2022

Exhibit 18: Historic Market Size – Data Table on global short term vacation rental market 2018 - 2022 (USD billion)

4.2 Mode of Booking Segment Analysis 2018 - 2022

Exhibit 19: Historic Market Size – Mode of Booking Segment 2018 - 2022 (USD billion)

4.3 Management Segment Analysis 2018 - 2022

Exhibit 20: Historic Market Size – Management Segment 2018 - 2022 (USD billion)

4.4 Geography Segment Analysis 2018 - 2022

Exhibit 21: Historic Market Size – Geography Segment 2018 - 2022 (USD billion)

4.5 Country Segment Analysis 2018 - 2022

Exhibit 22: Historic Market Size – Country Segment 2018 - 2022 (USD billion)

5 Five Forces Analysis

5.1 Five forces summary

Exhibit 23: Five forces analysis - Comparison between 2023 and 2028

5.2 Bargaining power of buyers

Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2023 and 2028

5.3 Bargaining power of suppliers

Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2023 and 2028

5.4 Threat of new entrants

Exhibit 26: Threat of new entrants – Impact of key factors in 2023 and 2028

5.5 Threat of substitutes

Exhibit 27: Threat of substitutes – Impact of key factors in 2023 and 2028

5.6 Threat of rivalry

Exhibit 28: Threat of rivalry – Impact of key factors in 2023 and 2028

5.7 Market condition

Exhibit 29: Chart on Market condition - Five forces 2023 and 2028

6 Market Segmentation by Mode of Booking

6.1 Market segments

Exhibit 30: Chart on Mode of Booking - Market share 2023-2028 (%)
Exhibit 31: Data Table on Mode of Booking - Market share 2023-2028 (%)

6.2 Comparison by Mode of Booking

Exhibit 32: Chart on Comparison by Mode of Booking
Exhibit 33: Data Table on Comparison by Mode of Booking

6.3 Offline - Market size and forecast 2023-2028

Exhibit 34: Chart on Offline - Market size and forecast 2023-2028 (USD billion)
Exhibit 35: Data Table on Offline - Market size and forecast 2023-2028 (USD billion)
Exhibit 36: Chart on Offline - Year-over-year growth 2023-2028 (%)
Exhibit 37: Data Table on Offline - Year-over-year growth 2023-2028 (%)

6.4 Online - Market size and forecast 2023-2028

Exhibit 38: Chart on Online - Market size and forecast 2023-2028 (USD billion)
Exhibit 39: Data Table on Online - Market size and forecast 2023-2028 (USD billion)
Exhibit 40: Chart on Online - Year-over-year growth 2023-2028 (%)
Exhibit 41: Data Table on Online - Year-over-year growth 2023-2028 (%)

6.5 Market opportunity by Mode of Booking

Exhibit 42: Market opportunity by Mode of Booking (USD billion)
Exhibit 43: Data Table on Market opportunity by Mode of Booking (USD billion)

7 Market Segmentation by Management

7.1 Market segments

Exhibit 44: Chart on Management - Market share 2023-2028 (%)
Exhibit 45: Data Table on Management - Market share 2023-2028 (%)

7.2 Comparison by Management

Exhibit 46: Chart on Comparison by Management
Exhibit 47: Data Table on Comparison by Management

7.3 Managed by owners - Market size and forecast 2023-2028

Exhibit 48: Chart on Managed by owners - Market size and forecast 2023-2028 (USD billion)
Exhibit 49: Data Table on Managed by owners - Market size and forecast 2023-2028 (USD billion)
Exhibit 50: Chart on Managed by owners - Year-over-year growth 2023-2028 (%)
Exhibit 51: Data Table on Managed by owners - Year-over-year growth 2023-2028 (%)

7.4 Professionally managed - Market size and forecast 2023-2028

Exhibit 52: Chart on Professionally managed - Market size and forecast 2023-2028 (USD billion)
Exhibit 53: Data Table on Professionally managed - Market size and forecast 2023-2028 (USD billion)
Exhibit 54: Chart on Professionally managed - Year-over-year growth 2023-2028 (%)
Exhibit 55: Data Table on Professionally managed - Year-over-year growth 2023-2028 (%)

7.5 Market opportunity by Management

Exhibit 56: Market opportunity by Management (USD billion)
Exhibit 57: Data Table on Market opportunity by Management (USD billion)

8 Customer Landscape

8.1 Customer landscape overview

Exhibit 58: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

9.1 Geographic segmentation

Exhibit 59: Chart on Market share by geography 2023-2028 (%)
Exhibit 60: Data Table on Market share by geography 2023-2028 (%)

9.2 Geographic comparison

Exhibit 61: Chart on Geographic comparison
Exhibit 62: Data Table on Geographic comparison

9.3 Europe - Market size and forecast 2023-2028

Exhibit 63: Chart on Europe - Market size and forecast 2023-2028 (USD billion)
Exhibit 64: Data Table on Europe - Market size and forecast 2023-2028 (USD billion)
Exhibit 65: Chart on Europe - Year-over-year growth 2023-2028 (%)
Exhibit 66: Data Table on Europe - Year-over-year growth 2023-2028 (%)

9.4 North America - Market size and forecast 2023-2028

Exhibit 67: Chart on North America - Market size and forecast 2023-2028 (USD billion)
Exhibit 68: Data Table on North America - Market size and forecast 2023-2028 (USD billion)
Exhibit 69: Chart on North America - Year-over-year growth 2023-2028 (%)
Exhibit 70: Data Table on North America - Year-over-year growth 2023-2028 (%)

9.5 APAC - Market size and forecast 2023-2028

Exhibit 71: Chart on APAC - Market size and forecast 2023-2028 (USD billion)
Exhibit 72: Data Table on APAC - Market size and forecast 2023-2028 (USD billion)
Exhibit 73: Chart on APAC - Year-over-year growth 2023-2028 (%)
Exhibit 74: Data Table on APAC - Year-over-year growth 2023-2028 (%)

9.6 Middle East and Africa - Market size and forecast 2023-2028

Exhibit 75: Chart on Middle East and Africa - Market size and forecast 2023-2028 (USD billion)
Exhibit 76: Data Table on Middle East and Africa - Market size and forecast 2023-2028 (USD billion)
Exhibit 77: Chart on Middle East and Africa - Year-over-year growth 2023-2028 (%)
Exhibit 78: Data Table on Middle East and Africa - Year-over-year growth 2023-2028 (%)

9.7 South America - Market size and forecast 2023-2028

Exhibit 79: Chart on South America - Market size and forecast 2023-2028 (USD billion)
Exhibit 80: Data Table on South America - Market size and forecast 2023-2028 (USD billion)
Exhibit 81: Chart on South America - Year-over-year growth 2023-2028 (%)
Exhibit 82: Data Table on South America - Year-over-year growth 2023-2028 (%)

9.8 US - Market size and forecast 2023-2028

Exhibit 83: Chart on US - Market size and forecast 2023-2028 (USD billion)
Exhibit 84: Data Table on US - Market size and forecast 2023-2028 (USD billion)
Exhibit 85: Chart on US - Year-over-year growth 2023-2028 (%)
Exhibit 86: Data Table on US - Year-over-year growth 2023-2028 (%)

9.9 UK - Market size and forecast 2023-2028

Exhibit 87: Chart on UK - Market size and forecast 2023-2028 (USD billion)
Exhibit 88: Data Table on UK - Market size and forecast 2023-2028 (USD billion)
Exhibit 89: Chart on UK - Year-over-year growth 2023-2028 (%)
Exhibit 90: Data Table on UK - Year-over-year growth 2023-2028 (%)

9.10 France - Market size and forecast 2023-2028

Exhibit 91: Chart on France - Market size and forecast 2023-2028 (USD billion)
Exhibit 92: Data Table on France - Market size and forecast 2023-2028 (USD billion)
Exhibit 93: Chart on France - Year-over-year growth 2023-2028 (%)
Exhibit 94: Data Table on France - Year-over-year growth 2023-2028 (%)

9.11 Italy - Market size and forecast 2023-2028

Exhibit 95: Chart on Italy - Market size and forecast 2023-2028 (USD billion)
Exhibit 96: Data Table on Italy - Market size and forecast 2023-2028 (USD billion)
Exhibit 97: Chart on Italy - Year-over-year growth 2023-2028 (%)
Exhibit 98: Data Table on Italy - Year-over-year growth 2023-2028 (%)

9.12 China - Market size and forecast 2023-2028

Exhibit 99: Chart on China - Market size and forecast 2023-2028 (USD billion)
Exhibit 100: Data Table on China - Market size and forecast 2023-2028 (USD billion)
Exhibit 101: Chart on China - Year-over-year growth 2023-2028 (%)
Exhibit 102: Data Table on China - Year-over-year growth 2023-2028 (%)

9.13 Market opportunity by geography

Exhibit 103: Market opportunity by geography (USD billion)
Exhibit 104: Data Tables on Market opportunity by geography (USD billion)

10 Drivers, Challenges, and Trends

10.1 Market drivers

10.2 Market challenges

10.3 Impact of drivers and challenges

Exhibit 105: Impact of drivers and challenges in 2023 and 2028

10.4 Market trends

11 Vendor Landscape

11.1 Overview

11.2 Vendor landscape

Exhibit 106: Overview on Criticality of inputs and Factors of differentiation

11.3 Landscape disruption

Exhibit 107: Overview on factors of disruption

11.4 Industry risks

Exhibit 108: Impact of key risks on business

12 Vendor Analysis

12.1 Vendors covered

Exhibit 109: Vendors covered

12.2 Market positioning of vendors

Exhibit 110: Matrix on vendor position and classification

12.3 9flats.com PTE Ltd.

Exhibit 111: 9flats.com PTE Ltd. - Overview
Exhibit 112: 9flats.com PTE Ltd. - Product / Service
Exhibit 113: 9flats.com PTE Ltd. - Key offerings

12.4 Agoda Co. Pte. Ltd.

Exhibit 114: Agoda Co. Pte. Ltd. - Overview
Exhibit 115: Agoda Co. Pte. Ltd. - Product / Service
Exhibit 116: Agoda Co. Pte. Ltd. - Key news
Exhibit 117: Agoda Co. Pte. Ltd. - Key offerings

12.5 Airbnb Inc.

Exhibit 118: Airbnb Inc. - Overview
Exhibit 119: Airbnb Inc. - Product / Service
Exhibit 120: Airbnb Inc. - Key offerings

12.6 Booking Holdings Inc.

Exhibit 121: Booking Holdings Inc. - Overview
Exhibit 122: Booking Holdings Inc. - Business segments
Exhibit 123: Booking Holdings Inc. - Key news
Exhibit 124: Booking Holdings Inc. - Key offerings
Exhibit 125: Booking Holdings Inc. - Segment focus

12.7 Casiola WorldWide LLC

Exhibit 126: Casiola WorldWide LLC - Overview
Exhibit 127: Casiola WorldWide LLC - Product / Service
Exhibit 128: Casiola WorldWide LLC - Key offerings

12.8 Evolve Vacation Rental Network Inc.

Exhibit 129: Evolve Vacation Rental Network Inc. - Overview
Exhibit 130: Evolve Vacation Rental Network Inc. - Product / Service
Exhibit 131: Evolve Vacation Rental Network Inc. - Key offerings

12.9 Expedia Group Inc.

Exhibit 132: Expedia Group Inc. - Overview
Exhibit 133: Expedia Group Inc. - Business segments
Exhibit 134: Expedia Group Inc. - Key offerings
Exhibit 135: Expedia Group Inc. - Segment focus

12.10 Holidu GmbH

Exhibit 136: Holidu GmbH - Overview
Exhibit 137: Holidu GmbH - Product / Service
Exhibit 138: Holidu GmbH - Key offerings

12.11 Homestay Technologies Ltd.

Exhibit 139: Homestay Technologies Ltd. - Overview
Exhibit 140: Homestay Technologies Ltd. - Product / Service
Exhibit 141: Homestay Technologies Ltd. - Key offerings

12.12 HomeToGo GmbH

Exhibit 142: HomeToGo GmbH - Overview
Exhibit 143: HomeToGo GmbH - Product / Service
Exhibit 144: HomeToGo GmbH - Key offerings

12.13 MakeMyTrip Ltd.

Exhibit 145: MakeMyTrip Ltd. - Overview
Exhibit 146: MakeMyTrip Ltd. - Business segments
Exhibit 147: MakeMyTrip Ltd. - Key offerings
Exhibit 148: MakeMyTrip Ltd. - Segment focus

12.14 StayBeyond Ltd.

Exhibit 149: StayBeyond Ltd. - Overview
Exhibit 150: StayBeyond Ltd. - Product / Service
Exhibit 151: StayBeyond Ltd. - Key offerings

12.15 TripAdvisor Inc.

Exhibit 152: TripAdvisor Inc. - Overview
Exhibit 153: TripAdvisor Inc. - Business segments
Exhibit 154: TripAdvisor Inc. - Key offerings
Exhibit 155: TripAdvisor Inc. - Segment focus

12.16 Vacasa Inc.

Exhibit 156: Vacasa Inc. - Overview
Exhibit 157: Vacasa Inc. - Product / Service
Exhibit 158: Vacasa Inc. - Key offerings

12.17 Vacation Rental Pros Property Management LLC

Exhibit 159: Vacation Rental Pros Property Management LLC - Overview
Exhibit 160: Vacation Rental Pros Property Management LLC - Product / Service
Exhibit 161: Vacation Rental Pros Property Management LLC - Key offerings

13 Appendix

13.1 Scope of the report

13.2 Inclusions and exclusions checklist

Exhibit 162: Inclusions checklist
Exhibit 163: Exclusions checklist

13.3 Currency conversion rates for USUSD

Exhibit 164: Currency conversion rates for USUSD

13.4 Research methodology

Exhibit 165: Research methodology
Exhibit 166: Validation techniques employed for market sizing
Exhibit 167: Information sources

13.5 List of abbreviations

Exhibit 168: List of abbreviations

About US

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contact

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