Vacation rental market to grow by USD 84.41 Bn: Specialized consumer services market is the parent market - Technavio

NEW YORK, Dec. 7, 2022 /PRNewswire/ -- The global vacation rental market has been categorized as a part of the global specialized consumer services market. The parent market, the global specialized consumer services, covers revenue generated by the consumer service providers, including residential services, home security services, legal services, personal services, renovation and interior design services, consumer auction services, wedding services, and funeral services.

Technavio has announced its latest market research report titled Global Vacation Rental Market 2023-2027
Technavio has announced its latest market research report titled Global Vacation Rental Market 2023-2027

The vacation rental market size is forecast to grow by USD 84.41 billion, at a CAGR of 8.54% between 2022 and 2027, according to Technavio, Download a sample

Vacation rental Market 2022-2026: Scope

The vacation rental market report covers the following areas:

Vacation rental market 2022-2026: Vendor Landscape

The global vacation rental market is fragmented due to the presence of many established and regional vendors. International players are focused on increasing their market footprint. To survive in the growing competition, regional players are diligently utilizing their resources. The competitive environment in the global vacation rental market is likely to increase further during the forecast period with increased product or service extensions and technological innovations.

9flats.com PTE Ltd., Accor SA, Agoda Co. Pte. Ltd., Airbnb Inc., Bennington Properties LLC, Bluefish Vacation Rentals, BoutiqueHomes, Clickstay Ltd., Elite Destination Homes, Elite LLC, Expedia Group Inc., Holidu GmbH, Hotelplan Management AG, MakeMyTrip Ltd., and NOVASOL AS are among some of the major market participants.

Vacation rental market 2022-2026: Competitive Analysis

The competitive scenario categorizes companies based on various performance indicators. Some of the factors considered include the financial performance of companies, growth strategies, product innovations, new product launches, investments, and growth in market share among others. Buy the Report

Vacation rental Market 2022-2026: Segmentation

  • Management

The managed by owners segment held the largest share of the market in 2022. Most players in this segment are small private hotels and resort landlords who manage their own property. Factors such as the need for increased personal interaction and improved customer satisfaction are driving the growth of the segment.

  • Geography

Europe is estimated to account for 37% of the market's growth during the forecast period. The presence of several established players, the rise in the number of new startups, and increased funding from high-profile investors are driving the growth of the regional market. In addition, the increased customer awareness towards rental vacation services and a rise in the number of tourists who want to stay in vacation rentals instead of hotel rooms are contributing to the growth of the vacation rental market in Europe.

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What are the key data covered in this vacation rental market report?

  • CAGR of the market during the forecast period

  • Detailed information on factors that will drive the growth of the vacation rental market between 2023 and 2027

  • Precise estimation of the vacation rental market size and its contribution to the parent market

  • Accurate predictions about upcoming trends and changes in consumer behavior

  • Growth of the industry across Europe, North America, APAC, Middle East and Africa, and South America

  • Thorough analysis of the market's competitive landscape and detailed information about vendors

  • Comprehensive analysis of factors that will challenge the growth of vacation rental market vendors

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Related Reports:

  • The vacation rental market size in Europe is expected to increase by USD 29.23 billion from 2021 to 2026, at a CAGR of 8.18%. The market is segmented by management (managed by owners and professionally managed) and geography (UK, France, Italy, Spain, and Rest of Europe).

  • The travel insurance market size is expected to increase by USD 9.88 billion from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 9.23%. The market is segmented by end-user (senior citizens, business travel, family travel, and others) and geography (North America, Europe, APAC, MEA, and South America).

Vacation Rental Market Scope

Report Coverage

Details

Page number

157

Base year

2022

Historic period

2017-2021

Forecast period

2023-2027

Growth momentum & CAGR

Accelerate at a CAGR of 8.54%

Market growth 2023-2027

USD 84.41 billion

Market structure

Fragmented

YoY growth 2022-2023 (%)

5.72

Regional analysis

Europe, North America, APAC, Middle East and Africa, and South America

Performing market contribution

Europe at 37%

Key countries

US, China, UK, France, and Italy

Competitive landscape

Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks

Key companies profiled

9flats.com PTE Ltd., Accor SA, Agoda Co. Pte. Ltd., Airbnb Inc., Bennington Properties LLC, Bluefish Vacation Rentals, BoutiqueHomes, Clickstay Ltd., Elite Destination Homes, Elite LLC, Expedia Group Inc., Holidu GmbH, Hotelplan Management AG, MakeMyTrip Ltd., NOVASOL AS, Oravel Stays Ltd., Places4stay SL, TripAdvisor LLC, World Travel Holdings, 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 recovery analysis and future consumer dynamics, and market condition analysis for the forecast period.

Customization purview

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

Table of contents:

1 Executive Summary

  • 1.1 Market overview

2 Market Landscape

  • 2.1 Market ecosystem

3 Market Sizing

  • 3.1 Market definition

  • 3.2 Market segment analysis

  • 3.3 Market size 2022

  • 3.4 Market outlook: Forecast for 2022-2027

4 Historic Market Size

  • 4.1 Global vacation rental market 2017 - 2021

  • 4.2 Management Segment Analysis 2017 - 2021

  • 4.3 Mode of Booking Segment Analysis 2017 - 2021

  • 4.4 Geography Segment Analysis 2017 - 2021

  • 4.5 Country Segment Analysis 2017 - 2021

5 Five Forces Analysis

  • 5.1 Five forces summary

  • 5.2 Bargaining power of buyers

  • 5.3 Bargaining power of suppliers

  • 5.4 Threat of new entrants

  • 5.5 Threat of substitutes

  • 5.6 Threat of rivalry

  • 5.7 Market condition

6 Market Segmentation by Management

  • 6.1 Market segments

  • 6.2 Comparison by Management

  • 6.3 Managed by owners - Market size and forecast 2022-2027

  • 6.4 Professionally managed - Market size and forecast 2022-2027

  • 6.5 Market opportunity by Management

7 Market Segmentation by Mode of Booking

  • 7.1 Market segments

  • 7.2 Comparison by Mode of Booking

  • 7.3 Offline - Market size and forecast 2022-2027

  • 7.4 Online - Market size and forecast 2022-2027

  • 7.5 Market opportunity by Mode of Booking

8 Customer Landscape

  • 8.1 Customer landscape overview

9 Geographic Landscape

  • 9.1 Geographic segmentation

  • 9.2 Geographic comparison

  • 9.3 Europe - Market size and forecast 2022-2027

  • 9.4 North America - Market size and forecast 2022-2027

  • 9.5 APAC - Market size and forecast 2022-2027

  • 9.6 Middle East and Africa - Market size and forecast 2022-2027

  • 9.7 South America - Market size and forecast 2022-2027

  • 9.8 US - Market size and forecast 2022-2027

  • 9.9 UK - Market size and forecast 2022-2027

  • 9.10 France - Market size and forecast 2022-2027

  • 9.11 Italy - Market size and forecast 2022-2027

  • 9.12 China - Market size and forecast 2022-2027

  • 9.13 Market opportunity by geography

10 Drivers, Challenges, and Trends

  • 10.1 Market drivers

  • 10.2 Market challenges

  • 10.3 Impact of drivers and challenges

  • 10.4 Market trends

11 Vendor Landscape

  • 11.1 Overview

  • 11.2 Vendor landscape

  • 11.3 Landscape disruption

  • 11.4 Industry risks

12 Vendor Analysis

  • 12.1 Vendors covered

  • 12.2 Market positioning of vendors

  • 12.3 9flats.com PTE Ltd.

  • 12.4 Accor SA

  • 12.5 Agoda Co. Pte. Ltd.

  • 12.6 Airbnb Inc.

  • 12.7 Bennington Properties LLC

  • 12.8 Bluefish Vacation Rentals

  • 12.9 BoutiqueHomes

  • 12.10 Expedia Group Inc.

  • 12.11 Hotelplan Management AG

  • 12.12 MakeMyTrip Ltd.

  • 12.13 NOVASOL AS

  • 12.14 Oravel Stays Ltd.

  • 12.15 TripAdvisor LLC

  • 12.16 World Travel Holdings

  • 12.17 Wyndham Hotels and Resorts Inc.

13 Appendix

  • 13.1 Scope of the report

  • 13.2 Inclusions and exclusions checklist

  • 13.3 Currency conversion rates for US$

  • 13.4 Research methodology

  • 13.5 List of abbreviations

About Technavio

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.

Contacts

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Email: media@technavio.com
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Global Vacation Rental Market 2023-2027
Global Vacation Rental Market 2023-2027
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