Vacation Rental Market to record USD 79.30 Bn growth; Europe to occupy 37% market share - Technavio

NEW YORK , Nov. 11, 2022 /PRNewswire/ -- The "Vacation Rental Market Growth, Size, Trends, Analysis Report by Type, Application, Region and Segment Forecast 2022-2026" report has been added to Technavio's offering. The report expects the market size to grow by USD 79.30 billion between 2021 and 2026. However, the growth momentum is expected to decelerate at a CAGR of 8.42% during the forecast period. The report identifies Europe as the major market for vacation rental services. About 37% of the overall market growth is expected to originate from this region.

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Regional Analysis

Europe contributes significantly to the global vacation rental market. The growth of the travel and tourism industry contributes to the growth of the vacation rental market in the region. The regional market is already witnessing a rise in the number of new startups such as HomeToGo and Holidu GmbH. Effective promotional activities and the advent of the online medium are expected to attract new vendors to the market in Europe. Also, increased customer awareness of rental vacation services is expected to contribute to the growth of the vacation rental market in Europe.

Market Dynamics

• Driver: The market is driven by the growing tourism industry. The expansion of the tourism industry significantly contributes to a country's GDP. Hence, 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 global travel and tourism industry. This has led to an increase in the number of domestic and international travelers, which has positively impacted the demand for vacation rental properties.
• Trend: Instant bookings facility offered by online vacation rental sites and other channels to facilitate real-time bookings is one of the major trends in the market. The availability of instant booking options has increased the degree of product or service differentiation in the global vacation rental market. 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. This trend is expected to propel the growth of the market in focus. Know about the impact of drivers and trends on the growth of the market. Buy Report Now!

Key Vendors Covered:

• 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.

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Vacation Rental Market Management Outlook (Revenue, USD Billion, 2021-2026)

• Managed by owners - size and forecast 2021-2026
• Professionally managed - size and forecast 2021-2026

Vacation Rental Market Geography Outlook (Revenue, USD Billion, 2021-2026)

• Europe - size and forecast 2021-2026
• North America - size and forecast 2021-2026
• APAC - size and forecast 2021-2026
• MEA - size and forecast 2021-2026
• South America - size and forecast 2021-2026

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Related Reports:

• The vacation rental market share in Europe is expected to increase by USD 29.23 billion from 2021 to 2026, decelerating 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 cruise tourism market size growth is expected to progress at a CAGR of  11.97% and is estimated at USD 4.24 billion from 2021 to 2026. The market is segmented by product type (passenger ticket and onboard facilities), application (ocean cruising and river cruising), and geography (North America, Europe, Asia, and Rest of World (ROW)).

Table of contents:

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

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