Vacation Rental Market Size set to grow by USD 79.30 Billion, Driven by Growing Tourism Industry & the Increasing Popularity of Short-term Rental Properties - Technavio

NEW YORK, Aug. 5, 2022 /PRNewswire/ -- The "Vacation Rental Market by Geography (Europe, North America, APAC, MEA, and South America) and Market Landscape (managed by owners and professionally managed) - Forecast and Analysis 2022-2026" report has been added to Technavio's offering. With ISO 9001:2015 certification, Technavio is proudly partnering with more than 100 Fortune 500 companies for over 16 years. The vacation rental market share is expected to increase by USD 79.30 billion by 2026. However, the growth momentum is likely to decelerate at a CAGR of 8.42%. Technavio categorizes the vacation rental market as a part of the global specialized consumer services market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the vacation rental market during the forecast period.

For more highlights on the parent market analysis - Request a FREE Sample Now!

Vacation Rental Market - Key Market Dynamics
  • Market Driver - The key factors driving the global vacation rental market growth is the growing tourism industry and the increasing popularity of short-term rental properties. Multiple governments have implemented strategies that favor the growth of the global tourism industry. The global increase in the number of tourists leads to high demand for vacation rental properties. Baby boomers have been contributing significantly to the growth of the travel and tourism industry. The demand for short-term vacation rental properties is particularly increasing. These properties, when marketed effectively, bring increased returns than long-term rental properties.

  • Market Challenges - The key challenges to the global vacation rental market growth is the risks associated with fraudulent vacation rental houses, apartments, and homestays. Though such dealings are undertaken by counterfeit players, they impact the business operations of key market vendors as well. This leads to a decline in market revenue and hinders its growth. Airbnb and HomeAway provide user reviews and ratings to facilitate secure transactions and ensure that their customers are served effectively. Moreover, phishing also impacts the growth prospects of the major vendors in the global vacation rental market

To learn about additional key drivers, trends, and challenges - Request a FREE Sample Report right now!

Vacation Rental Market -

The vacation rental market report is segmented by Geography (Europe, North America, APAC, MEA, and South America) and Market Landscape (managed by owners and professionally managed). Europe will be the leading region with 37% of the market's growth during the forecast period.

  • Revenue Generating Segment -The vacation rental market share growth by the managed by owners segment will be significant during the forecast period. Increased personal interaction and improved customer inclination are expected to drive the growth of the segment in focus during the forecast period.
  • Regional Highlights - 37% of the market's growth will originate from Europe during the forecast period. UK, France, and Italy are the key markets for vacation rental market in Europe. The significant growth of the travel and tourism industry owing to the increase in customer awareness towards rental vacation services will facilitate the vacation rental market growth in Europe over the forecast period

Grab a sample report for additional insights into the contribution of all the segments & regional opportunities

Vacation Rental Market - Vendor Offerings

The vacation rental market is fragmented and the vendors are deploying growth strategies such as technological innovations to compete in the market.

  •  
    • 9flats.com PTE Ltd.
    • Agoda Co. Pte. Ltd.
    • Airbnb Inc.
    • Expedia Group Inc.
    • Hotelplan Management AG
    • MakeMyTrip Ltd.
    • NOVASOL AS
    • Oravel Stays Ltd.
    • TripAdvisor LLC
    • Wyndham Hotels and Resorts Inc.
  • To gain access to more vendor profiles with their key offerings available with Technavio, Click Here

The competitive scenario provided in the Vacation Rental Market report analyzes, evaluates, and positions companies based on various performance indicators. Some of the factors considered for this analysis include the financial performance of companies over the past few years, growth strategies, product innovations, new product launches, investments, growth in market share, etc.Don't wait, Make a strategic approach & boost your business goals with our Vacation Rental Market Forecast Report -  Buy Now!

Related Reports:
  • The smart indoor garden systems market share is expected to increase to USD 899.39 million from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 8.15%.
  • The home services market share is expected to increase to USD 5.14 trillion from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 36.21%.

Vacation Rental Market Scope

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Decelerate at a CAGR of 8.42%

Market growth 2022-2026

USD 79.30 billion

Market structure

Fragmented

YoY growth (%)

14.09

Regional analysis

Europe, North America, APAC, MEA, and South America

Performing market contribution

Europe at 37%

Key consumer countries

US, UK, France, Italy, and Australia

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

9flats.com PTE Ltd., Agoda Co. Pte. Ltd., Airbnb Inc., Expedia Group Inc., Hotelplan Management AG, MakeMyTrip Ltd., NOVASOL AS, Oravel Stays Ltd., TripAdvisor LLC, and Wyndham Hotels and Resorts Inc.

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, and market condition analysis for the forecast period.

Customization purview

If our report has not included the data you are looking for, you can reach out to our analysts and get customized segments.

Browse for Technavio "Consumer Discretionary Market" Research Reports

Key Topics Covered:

  • 1. Executive Summary 

2. Market Landscape 

  2.1 Market ecosystem 

  2.1.1 Parent market

  Exhibit 01:  Parent market

  Exhibit 02:  Market characteristics

  2.2 Value chain analysis 

  Exhibit 03:  Value chain analysis: Specialized consumer services

  2.2.1  Inputs

  2.2.2  Pitching and profiling

  2.2.3  Resourcing and communicating

  2.2.4  Delivery and support

  2.2.5  Connecting and innovating

  2.2.6  Marketing and sales

3. Market Sizing 

  3.1 Market definition

  Exhibit 04:  Offerings of vendors included in the market definition

  3.2 Market segment analysis 

  Exhibit 05:  Market segments

  3.3 Market size 2021 

  3.4 Market outlook: Forecast for 2021 - 2026 

  3.4.1  Estimating growth rates for emerging and high-growth markets

  3.4.2  Estimating growth rates for mature markets

  Exhibit 06:  Global - Market size and forecast 2021 - 2026 ($ billion)

  Exhibit 07:  Global market: Year-over-year growth 2021 - 2026 (%)

4. Five Forces Analysis 

  4.1 Five forces analysis 

  Exhibit 08:  Five forces analysis 2021 & 2026

  4.2 Bargaining power of buyers 

  Exhibit 9:  Bargaining power of buyers

  4.3 Bargaining power of suppliers 

  Exhibit 10:  Bargaining power of suppliers

  4.4 Threat of new entrants 

  Exhibit 11:  Threat of new entrants

  4.5 Threat of substitutes 

  Exhibit 12:  Threat of substitutes

  4.6 Threat of rivalry 

  Exhibit 13:  Threat of rivalry

  4.7 Market condition 

  Exhibit 14:  Market condition - Five forces 2021

5. Market Segmentation by Management 

  5.1 Market segments

  The segments covered in this chapter are:

  • Managed by owners
  • Professionally managed
  •   Exhibit 15:  Management - Market share 2021-2026 (%)

  5.2  Comparison by Management 

  Exhibit 16:  Comparison by Management

  5.3  Managed by owners - Market size and forecast 2021-2026 

  Exhibit 17:  Managed by owners - Market size and forecast 2021-2026 ($ billion)

  Exhibit 18:  Managed by owners - Year-over-year growth 2021-2026 (%)

  5.4  Professionally managed  - Market size and forecast 2021-2026 

  Exhibit 19:  Professionally managed  - Market size and forecast 2021-2026 ($ billion)

  Exhibit 20:  Professionally managed  - Year-over-year growth 2021-2026 (%)

  5.5  Market opportunity by Management 

  Exhibit 21:  Market opportunity by Management

6. Customer landscape 

  Exhibit 22:  Customer landscape

7. Geographic Landscape 

  7.1 Geographic segmentation

  The regions covered in the report are:

  • Europe
  • North America
  • APAC
  • MEA
  • South America
  •   Exhibit 23:  Market share by geography 2021-2026 (%)

  7.2 Geographic comparison 

  Exhibit 24:  Geographic comparison

  7.3 Europe - Market size and forecast 2021-2026 

  Exhibit 25:  Europe - Market size and forecast 2021-2026 ($ billion)

  Exhibit 26:  Europe - Year-over-year growth 2021-2026 (%)

  7.4 North America - Market size and forecast 2021-2026 

  Exhibit 27:  North America - Market size and forecast 2021-2026 ($ billion)

  Exhibit 28:  North America - Year-over-year growth 2021-2026 (%)

  7.5 APAC - Market size and forecast 2021-2026 

  Exhibit 29:  APAC - Market size and forecast 2021-2026 ($ billion)

  Exhibit 30:  APAC - Year-over-year growth 2021-2026 (%)

  7.6 MEA - Market size and forecast 2021-2026 

  Exhibit 31:  MEA - Market size and forecast 2021-2026 ($ billion)

  Exhibit 32:  MEA - Year-over-year growth 2021-2026 (%)

  7.7 South America - Market size and forecast 2021-2026 

  Exhibit 33:  South America - Market size and forecast 2021-2026 ($ billion)

  Exhibit 34:  South America - Year-over-year growth 2021-2026 (%)

  7.8  Key leading countries 

  Exhibit 35:  Key leading countries

  7.9  Market opportunity by geography 

  Exhibit 36:  Market opportunity by geography ($ billion)

8. Drivers, Challenges, and Trends 

  8.1  Market drivers 

  8.1.1  Growing tourism industry and increasing popularity of short-term rental properties

  8.1.2  Technological advances

  8.1.3  Strategic partnerships

  8.2 Market challenges 

  8.2.1  Risks associated with fraudulent vacation rental houses, apartments, and homestays

  8.2.2  Stringent government regulations

  8.2.3  Inconsistent service quality

  Exhibit 37:  Impact of drivers and challenges

  8.3 Market trends 

  8.3.1  Instant bookings

  8.3.2  Rapid growth of online booking

  8.3.3  Adoption of effective promotional strategies

9. Vendor Landscape 

  9.1  Overview 

  9.2  Vendor landscape 

  Exhibit 38:  Vendor landscape

  9.3  Landscape disruption 

  Exhibit 39:  Landscape disruption

  Exhibit 40:  Industry risks

10. Vendor Analysis 

  10.1 Vendors covered 

  Exhibit 41:  Vendors covered

  10.2 Market positioning of vendors 

  Exhibit 42:  Market positioning of vendors

  10.3 9flats.com PTE Ltd.

  Exhibit 43:  9flats.com PTE Ltd. - Overview

  Exhibit 44:  9flats.com PTE Ltd. - Product and service

  Exhibit 45:  9flats.com PTE Ltd. - Key offerings

  10.4 Agoda Co. Pte. Ltd.

  Exhibit 46:  Agoda Co. Pte. Ltd. - Overview

  Exhibit 47:  Agoda Co. Pte. Ltd. - Product and service

  Exhibit 48:  Agoda Co. Pte. Ltd. - Key offerings

  10.5 Airbnb Inc. 

  Exhibit 49:  Airbnb Inc. - Overview

  Exhibit 50:  Airbnb Inc. - Business segments

    Exhibit 51: Airbnb Inc. - Key news 

  Exhibit 52:  Airbnb Inc. - Key offerings

  10.6 Expedia Group Inc. 

  Exhibit 53:  Expedia Group Inc. - Overview

  Exhibit 54:  Expedia Group Inc. - Business segments

  Exhibit 55:  Expedia Group Inc. -Key news

  Exhibit 56:  Expedia Group Inc. - Key offerings

  Exhibit 57:  Expedia Group Inc. - Segment focus

  10.7 Hotelplan Management AG 

  Exhibit 58:  Hotelplan Management AG - Overview

  Exhibit 59:  Hotelplan Management AG - Product and service

  Exhibit 60:  Hotelplan Management AG - Key offerings

  10.8 MakeMyTrip Ltd. 

  Exhibit 61:  MakeMyTrip Ltd. - Overview

  Exhibit 62:  MakeMyTrip Ltd. - Business segments

  Exhibit 63:  MakeMyTrip Ltd. - Key offerings

  Exhibit 64:  MakeMyTrip Ltd. - Segment focus

  10.9 NOVASOL AS  

  Exhibit 65:  NOVASOL AS  - Overview

  Exhibit 66:  NOVASOL AS  - Product and service

  Exhibit 67:  NOVASOL AS  - Key offerings

  10.10 Oravel Stays Ltd. 

  Exhibit 68:  Oravel Stays Ltd. - Overview

  Exhibit 69:  Oravel Stays Ltd. - Product and service

  Exhibit 70:  Oravel Stays Ltd. - Key offerings

  10.11 TripAdvisor LLC  

  Exhibit 71:  TripAdvisor LLC  - Overview

  Exhibit 72:  TripAdvisor LLC  - Business segments

  Exhibit 73:  TripAdvisor LLC  - Key offerings

  Exhibit 74:  TripAdvisor LLC  - Segment focus

  10.12 Wyndham Hotels and Resorts Inc. 

  Exhibit 75:  Wyndham Hotels and Resorts Inc. - Overview

  Exhibit 76:  Wyndham Hotels and Resorts Inc. - Business segments

  Exhibit 77:  Wyndham Hotels and Resorts Inc. - Key offerings

  Exhibit 78:  Wyndham Hotels and Resorts Inc. - Segment focus

11. Appendix 

  11.1 Scope of the report 

  11.1.1 Market definition

  11.1.2 Objective

  11.1.3 Notes and caveats

  11.2 Currency conversion rates for US$ 

  Exhibit 79:  Currency conversion rates for US$

  11.3 Research Methodology 

  Exhibit 80:  Research Methodology

  Exhibit 81:  Validation techniques employed for market sizing

  Exhibit 82:  Information sources

  11.4 List of abbreviations 

  Exhibit 83:  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 provide 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 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

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email:media@technavio.com
Website: www.technavio.com/

View original content to download multimedia:https://www.prnewswire.com/news-releases/vacation-rental-market-size-set-to-grow-by-usd-79-30-billion-driven-by-growing-tourism-industry--the-increasing-popularity-of-short-term-rental-properties---technavio-301600008.html

SOURCE Technavio

Posted In: Polls & ResearchPublishing/Information ServicesSurveysPress Releases