Dublin, July 23, 2024 (GLOBE NEWSWIRE) -- The "Vacation Rentals - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
The global market for Vacation Rentals is estimated at US$194.8 Billion in 2023 and is projected to reach US$246.4 Billion by 2030, growing at a CAGR of 3.4% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.
The growth in the vacation rentals market is driven by several factors. One of the primary drivers is the increasing consumer preference for personalized and unique travel experiences that vacation rentals can offer. Technological advancements, including the development of sophisticated booking platforms and mobile apps, have made it easier for travelers to find, book, and manage vacation rentals. The rising popularity of the sharing economy and peer-to-peer services has also contributed to the growth, as more property owners are willing to rent out their homes or investment properties to travelers.
Economic factors, such as the search for more cost-effective accommodation options, especially among families and groups, further bolster the market. Additionally, the ongoing trends of remote work and digital nomadism have expanded the market beyond traditional vacationers to include professionals seeking temporary living arrangements in different locales. These factors collectively ensure that the vacation rental market will continue to expand, reflecting broader shifts in travel behavior and the increasing integration of technology in the hospitality industry.
Key Insights:
- Market Growth: Understand the significant growth trajectory of the Owners-Managed Vacation Rentals segment, which is expected to reach US$163 Billion by 2030 with a CAGR of a 3.6%. The Professionally Managed Vacation Rentals segment is also set to grow at 3% CAGR over the analysis period.
- Regional Analysis: Gain insights into the U.S. market, estimated at $53.1 Billion in 2023, and China, forecasted to grow at an impressive 6.6% CAGR to reach $51.1 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.
Why You Should Buy This Report:
- Detailed Market Analysis: Access a thorough analysis of the Global Vacation Rentals Market, covering all major geographic regions and market segments.
- Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
- Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Vacation Rentals Market.
- Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.
Key Questions Answered:
- How is the Global Vacation Rentals Market expected to evolve by 2030?
- What are the main drivers and restraints affecting the market?
- Which market segments will grow the most over the forecast period?
- How will market shares for different regions and segments change by 2030?
- Who are the leading players in the market, and what are their prospects?
Report Features:
- Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
- In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
- Company Profiles: Coverage of major players such as Agoda Co. Pte. Ltd., Airbnb Inc., Atraveo GmbH, and more.
- Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.
Select Competitors (Total 52 Featured):
- Agoda Co. Pte. Ltd.
- Airbnb Inc.
- Atraveo GmbH
- Boutique Vacation Rentals
- Casiola WorldWide LLC
- Evolve Vacation Rental Network Inc.
- Expedia Group Inc.
- Holidu GmbH
- HomeToGo GmbH
- Hotelplan Group
- Lifealike Limited (Onefinestay)
- NOVASOL A/S
- Smiling House
- StayBeyond Ltd.
- TripAdvisor Inc.
- Wyndham Destinations, Inc.
Key Attributes
| Report Attribute | Details |
| No. of Pages | 283 |
| Forecast Period | 2023-2030 |
| Estimated Market Value (USD) in 2023 | $194.8 Billion |
| Forecasted Market Value (USD) by 2030 | $246.4 Billion |
| Compound Annual Growth Rate | 3.4% |
| Regions Covered | Global |
Key Topics Covered
I. METHODOLOGY
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
- Influencer Market Insights
- World Market Trajectories
- Impact of COVID-19 and a Looming Global Recession
- Vacation Rentals - Global Key Competitors Percentage Market Share in 2024 (E)
- Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2024 (E)
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
- Increasing Popularity of Peer-to-Peer Rental Platforms Spurs Market Growth
- Advances in Property Management Technologies Strengthen Business Case for Vacation Rentals
- Rising Demand for Personalized and Unique Travel Experiences Expands Addressable Market
- Collaboration Between Property Owners and Rental Platforms Propels Market Trends
- Rising Popularity of Eco-Friendly and Sustainable Travel Options Sustains Demand
- Expansion of Vacation Rental Offerings in Emerging Markets Strengthens Market Growth
- Increasing Use of AI and Machine Learning for Dynamic Pricing Drives Revenue Optimization
- Growth in Family and Group Travel Segments Expands Market Opportunities
- Rising Influence of Online Reviews and Ratings Strengthens Market
- Growth in Domestic Travel and Staycations Propels Market Expansion
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
IV. COMPETITION
For more information about this report visit https://www.researchandmarkets.com/r/21ty1x
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