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Vacation Rental Market - Drivers & Trends
The key factor driving growth in the vacation rental market is the growing tourism industry and the increasing popularity of short-term rental properties. The expansion of the tourism industry significantly contributes to a country's GDP. 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. Thus, the growth of the tourism industry and an increase in the number of domestic and international travelers have positively impacted the demand for vacation rental properties.
Also, instant booking is a major trend supporting the vacation rental market share growth. The trend of instant bookings positively impacts the growth of the global vacation rental market as such booking processes are associated with minimal or zero wait time. Online vacation rental sites also facilitate real-time bookings. This value-addition will improve the convenience of booking vacation rentals, leading to increased customer satisfaction. Many existing market vendors have invested in autoresponder technology, which saves time and money. This technology enables automated responses to inquiry emails and repetitive inquiries, which is expected to create a unique user experience.
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Some of key Vacation Rental Players:
The vacation rental market is fragmented and the vendors are deploying growth strategies such as innovative advertising approached primarily through various social media platforms, including Facebook and Instagram, to compete in the market.
- 9flats.com Pte Ltd.
- Airbnb Inc.
- Booking Holdings Inc.
- Expedia Group Inc.
- Hotelplan Holding AG
- MakeMyTrip Pvt. Ltd.
- NOVASOL AS
- Oravel Stays Pvt. Ltd.
- TripAdvisor Inc.
- Wyndham Destinations Inc
Vacation Rental Market - Segmentation Analysis
Geography Outlook (Revenue, USD bn, 2019-2024)
- Europe - size and forecast 2019-2024
- North America - size and forecast 2019-2024
- APAC - size and forecast 2019-2024
- MEA - size and forecast 2019-2024
- South America - size and forecast 2019-2024
Management Outlook (Revenue, USD bn, 2019-2024)
- Managed by owners- size and forecast 2019-2024
- Professionally managed - size and forecast 2019-2024
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Vacation Rental Market Scope |
Report Coverage |
Details |
Page number |
120 |
Base year |
2019 |
Forecast period |
2020-2024 |
Growth momentum & CAGR |
Accelerate at a CAGR of 7% |
Market growth 2020-2024 |
USD 62.97 billion |
Market structure |
Fragmented |
YoY growth (%) |
5.51 |
Performing market contribution |
Europe at 37% |
Competitive landscape |
Leading companies, competitive strategies, consumer engagement scope |
Companies profiled |
9flats.com Pte Ltd., Airbnb Inc., Booking Holdings Inc., Expedia Group Inc., Hotelplan Holding AG, MakeMyTrip Pvt. Ltd., NOVASOL AS, Oravel Stays Pvt. Ltd., TripAdvisor Inc., and Wyndham Destinations 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, 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 Content
1. Executive Summary
2. Scope of the report
2.1 Preface
Exhibit 11: Years in consideration
2.2 Preface
Exhibit 12: Vendor: Key offerings
2.3 Currency conversion rates for US$
Exhibit 13: Currency conversion rates for US$
3. Market Landscape
Exhibit 14: Global Specialized Consumer Services Market
Exhibit 15: Segments of global Specialized Consumer Services Market
Exhibit 16: Market characteristics
Exhibit 17: Market characteristics analysis
Exhibit 18: Market segments
4. Market Sizizng
Exhibit 19: Market definition - Inclusions and exclusions checklist
Exhibit 20: Market size 2019
Exhibit 21: Global market: Size and forecast 2019-2024 ($ billions)
Exhibit 22: Global market: Year-over-year growth 2020-2024 (%)
5. Five Forces Analysis
Exhibit 23: Five forces analysis 2019
Exhibit 24: Five forces analysis 2024
Exhibit 25: Bargaining power of buyers
Exhibit 26: Bargaining power of suppliers
Exhibit 27: Threat of new entrants
Exhibit 28: Threat of substitutes
Exhibit 29: Threat of rivalry
Exhibit 30: Market condition - Five forces 2019
6. Customer landscape
Exhibit 31: Customer Landscape
Exhibit 32: Customer landscape analysis
7. Geographic Landscape
Exhibit 33: Market share by geography 2019-2024 (%)
Exhibit 34: Geographic comparison
Exhibit 35: Comparison_5
Exhibit 36: Europe - Market size and forecast 2019-2024 ($ billions)
Exhibit 37: Europe - Year-over-year growth 2020-2024 (%)
Exhibit 38: North America - Market size and forecast 2019-2024 ($ billions)
Exhibit 39: North America - Year-over-year growth 2020-2024 (%)
Exhibit 40: APAC - Market size and forecast 2019-2024 ($ billions)
Exhibit 41: APAC - Year-over-year growth 2020-2024 (%)
Exhibit 42: MEA - Market size and forecast 2019-2024 ($ billions)
Exhibit 43: MEA - Year-over-year growth 2020-2024 (%)
Exhibit 44: South America - Market size and forecast 2019-2024 ($ billions)
Exhibit 45: South America - Year-over-year growth 2020-2024 (%)
Exhibit 46: Key leading countries
Exhibit 47: Country_Legend_16
Exhibit 48: Market Opportunity
8 Market segmentation by management
Exhibit 49: Management - Market share 2019-2024 (%)
Exhibit 50: Comparison by management
Exhibit 51: Comparison_7
Exhibit 52: Managed by owners - Market size and forecast 2019-2024 ($ billions)
Exhibit 53: Managed by owners - Year-over-year growth 2020-2024 (%)
Exhibit 54: Professionally managed - Market size and forecast 2019-2024 ($ billions)
Exhibit 55: Professionally managed - Year-over-year growth 2020-2024 (%)
Exhibit 56: Market opportunity by management
9. Decision Framework
Exhibit 57: Decision framework
10. Drivers and challenges
Exhibit 58: International tourist arrivals 2011-2016 (millions)
Exhibit 59: Impact of drivers and challenges
11. Market Trends
12. Vendor landscape
Exhibit 60: Vendor landscape
Exhibit 61: Landscape disruption
Exhibit 62: Vendor landscape analysis
13. Vendor analysis
Exhibit 63: Vendors covered
Exhibit 64: Vendor_analysis1
Exhibit 65: Vendor classification
Exhibit 66: Market positioning of vendors
Exhibit 67: 9flats.com Pte Ltd. - Vendor overview
Exhibit 68: 9flats.com Pte Ltd. - Product segments
Exhibit 69: 9flats.com Pte Ltd. - Organizational developments
Exhibit 70: 9flats.com Pte Ltd. - Key offerings
Exhibit 71: Airbnb Inc. - Vendor overview
Exhibit 72: Airbnb Inc. - Product segments
Exhibit 73: Airbnb Inc. - Organizational developments
Exhibit 74: Airbnb Inc. - Key offerings
Exhibit 75: Booking Holdings Inc. - Vendor overview
Exhibit 76: Booking Holdings Inc. - Business segments
Exhibit 77: Booking Holdings Inc. - Organizational developments
Exhibit 79: Booking Holdings Inc. - Segment focus
Exhibit 80: Booking Holdings Inc. - Key offerings
Exhibit 81: Expedia Group Inc. - Vendor overview
Exhibit 82: Expedia Group Inc. - Business segments
Exhibit 83: Expedia Group Inc. - Organizational developments
Exhibit 84: Expedia Group Inc. - Geographic focus
Exhibit 85: Expedia Group Inc. - Segment focus
Exhibit 86: Expedia Group Inc. - Key offerings
Exhibit 87: Hotelplan Holding AG - Vendor overview
Exhibit 88: Hotelplan Holding AG - Business segments
Exhibit 89: Hotelplan Holding AG - Organizational developments
Exhibit 90: Hotelplan Holding AG - Segment focus
Exhibit 92: MakeMyTrip Pvt. Ltd. - Vendor overview
Exhibit 93: MakeMyTrip Pvt. Ltd. - Business segments
Exhibit 94: MakeMyTrip Pvt. Ltd. - Organizational developments
Exhibit 95: MakeMyTrip Pvt. Ltd. - Geographic focus
Exhibit 96: MakeMyTrip Pvt. Ltd. - Segment focus
Exhibit 97: MakeMyTrip Pvt. Ltd. - Key offerings
Exhibit 98: NOVASOL AS - Vendor overview
Exhibit 99: NOVASOL AS - Business segments
Exhibit 100: NOVASOL AS - Organizational developments
Exhibit 101: NOVASOL AS - Key offerings
Exhibit 102: Oravel Stays Pvt. Ltd. - Vendor overview
Exhibit 103: Oravel Stays Pvt. Ltd. - Product segments
Exhibit 104: Oravel Stays Pvt. Ltd. - Organizational developments
Exhibit 105: Oravel Stays Pvt. Ltd. - Key offerings
Exhibit 106: TripAdvisor Inc. - Vendor overview
Exhibit 107: TripAdvisor Inc. - Business segments
Exhibit 108: TripAdvisor Inc. - Organizational developments
Exhibit 109: TripAdvisor Inc. - Geographic focus
Exhibit 110: TripAdvisor Inc. - Segment focus
Exhibit 111: TripAdvisor Inc. - Key offerings
Exhibit 112: Wyndham Destinations Inc. - Vendor overview
Exhibit 113: Wyndham Destinations Inc. - Business segments
Exhibit 114: Wyndham Destinations Inc. - Organizational developments
Exhibit 115: Wyndham Destinations Inc. - Geographic focus
Exhibit 116: Wyndham Destinations Inc. - Segment focus
Exhibit 117: Wyndham Destinations Inc. - Key offerings
14. Appendix
Exhibit 118: Research framework
Exhibit 119: Validation techniques employed for market sizing
Exhibit 120: Information sources
Exhibit 121: List of abbreviations
Exhibit 122: Definition of market positioning of vendors
About Technavio
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SOURCE Technavio
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