Vacation Rental Market Size Worth $138.77 Billion by 2034 | CAGR: 3.9%
The global vacation rental market size is expected to reach USD 138.77 billion by 2034, according to a new study by Polaris Market Research. The report “Vacation Rental Market Share, Size, Trends, Industry Analysis Report, By Booking Mode (Online, Offline), By Accommodation Type (Home, Apartments, Resort/Condominium, Others), By Region, And Segment Forecasts, 2026 - 2034” gives a detailed insight into current market dynamics and provides analysis on future market growth.
Travelers are increasingly favoring vacation rental properties and homes over hotels due to several attractive features. These properties offer affordable options that are kid and pet-friendly, ensuring a higher level of comfort and privacy for guests. Additionally, vacation rental properties provide a diverse range of high-quality and cost-effective accommodation choices across various destinations, which is a significant driver behind the market's growth.
Companies in the market are collaborating with the Google. For instance, in February 2023, recently announced an exciting partnership with Google. Through this collaboration, Whimstay's extensive portfolio of 150,000 vacation rental properties will be seamlessly integrated into Google's travel search function. This integration will offer millions of potential guests the convenience of browsing and booking exclusive stays at discounted rates of up to 60% off, directly through Whimstay's user-friendly mobile app or website.
Vacation Rental Market Report Highlights
- Home accommodation held the largest share, owing to the preference of stay homes among travelers, access to amenities, and appropriate safety features
- Online channels segment will grow at the fastest rate, due to rising penetration of smartphones across regions, rental service providers, and online service providers
- Europe dominated the market, due to presence of high-net-worth individuals with desire to travel abroad
- APAC witnessed the highest growth rate; this is primarily due to presence of young population in the South Asian nations seeking luxury travel across exotic locations
- The global key market players include 9flats.com, Airbnb, Booking Holdings, Expedia Group, Hotelplan Holding, MakeMyTrip, TripAdvisor, & Wyndham Destinations
Request a free sample copy or read the full market insights: Vacation Rental Market
Polaris Market Research has segmented the vacation rental market report based on accommodation type, booking mode, and region:
Vacation Rental, Accommodation Type Outlook (Revenue - USD Billion, 2021 - 2034)
- Home
- Apartments
- Resort/Condominium
- Others
Vacation Rental, Booking Mode Outlook (Revenue - USD Billion, 2021 - 2034)
- Online
- Offline
Vacation Rental, Regional Outlook (Revenue - USD Billion, 2021 - 2034)
- North America
- U.S.
- Canada
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Netherlands
- Asia Pacific
- China
- India
- Japan
- South Korea
- Indonesia
- Malaysia
- Latin America
- Argentina
- Brazil
- Mexico
- Middle East & Africa
- UAE
- Saudi Arabia
- Israel
- South Africa
Vacation Rental Market Report Scope
|
Report Attributes |
Details |
|
Market size value in 2026 |
USD 101.83 billion |
|
Revenue forecast in 2034 |
USD 138.77 billion |
|
CAGR |
3.9% from 2026 – 2034 |
|
Base year |
2025 |
|
Historical data |
2021 – 2024 |
|
Forecast period |
2026 – 2034 |
|
Quantitative units |
Revenue in USD billion and CAGR from 2026 to 2034 |
|
Segments covered |
By Accommodation Type, Booking Mode, By Region |
|
Regional scope |
North America, Europe, Asia Pacific, Latin America; Middle East & Africa |
|
Customization |
Report customization as per your requirements with respect to countries, region and segmentation. |
|
For Specific Researc6 Requirements |
