As per the analysis of Copyrise, around 200,000 million global tourists are millennials and they expend about USD 180 billion on travel every year. Moreover, it has been witnessed that while traveling with family, consumers consider several factors for choosing a vacation rental for amenities and comfort. The “home segment” is expected to be the fastest growing accommodation segment due to the high popularity of homes among travellers because of its safety, space availability and amenities.
Data Bridge Market Research analyses that the vacation rental market was valued at USD 78.86 billion in 2022 and is expected to reach USD 123.81 billion by 2030, registering a CAGR of 5.80% during the forecast period of 2023 to 2030. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and consumer behaviour.
Vacation Rental Market Scope and Segmentation
REPORT METRIC | DETAILS |
Forecast Period | 2023 to 2030 |
Base Year | 2022 |
Historic Years | 2021 (Customizable to 2015 - 2020) |
Quantitative Units | Revenue in USD billion, Volumes in Units, Pricing in USD |
Segments Covered | Accommodation (Home, Apartments, Resort/Condominium and Others), Booking Mode (Online and Offline), Location Type (Resort Area, Rural Area, Small Town, Others), End User (Gen Z, Millennials, Gen X, Boomers), Price Point (Economic, Mid-Range, Luxury) |
Countries Covered | U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America |
Market Players Covered | 9flats (India), Airbnb, Inc. (U.S.), Booking (Netherlands), Expedia, Inc. (U.S.), MTCH AG (U.K.), MAKEMYTRIP PVT. LTD. (India), NOVASOL A/S (Denmark), OYO Hotels Homes (India), TripAdvisor LLC (U.S.), Wyndham Destinations (U.S.), Trivago (Germany), Agoda Company Pte. Ltd (India), Yatra Online Private Limited (India), Hotwire, Inc. (U.S.), HotelsCombined (Australia), KAYAK (U.S.) |
Market Opportunities |
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Market Definition
A vacation rental is temporarily renting out a furnished house, apartment or professionally managed resort-condominium complex to travellers and tourists. Vacation rental is an alternative to a hotel. The term vacation rental is mostly used in the US. Other terms used are holiday homes, self-catering rentals, holiday lets, cottage holidays and gites
Download Sample Copy of Vacation Rental Market Report @ https://www.databridgemarketresearch.com/request-a-sample/?dbmr=global-vacation-rental-market
The universal Vacation Rental Market , business report explains a thorough study of current situation of the global market along with several market dynamics. This market research report proves to be a precious source of information with which businesses can achieve a telescopic view of the current market trends, consumer’s demands and preferences, market situations, opportunities and market status. Moreover, it also contains all the information including market definition, classifications, key developments, applications, and engagements along with the detailed actions of key players with respect to product launches, joint ventures, developments, mergers and acquisitions and effects of the same in terms of sales, import, export, revenue, and CAGR values.
The comprehensive Vacation Rental Market document carries out an assessment of the growth rate and the market value of Vacation Rental Market industry based on market dynamics and growth inducing factors. A range of steps are used while generating this report by taking the inputs from a dedicated team of researchers, analysts and forecasters. Not to mention, this business report is remarkably characterized with the use of several charts, graphs and tables depending on the extent of data and information involved. Clients can unearth the best opportunities to be successful in the market with an excellent practice models and method of research used while creating Vacation Rental Market report.
To Gain More Insights about this Research, Visit @https://www.databridgemarketresearch.com/reports/global-vacation-rental-market
Some of the major objectives of this Vacation Rental Market report:
To furnish specified evaluation of the market shape alongside with forecast of the a number segments and sub-segments of the world Vacation Rental Market.
To grant insights about elements affecting the market growth. To analyze the Vacation Rental Market primarily based on more than a few factors- rate analysis, grant chain analysis, porter 5 pressure evaluation etc.
To supply historic and forecast income of the Vacation Rental Market segments and sub-segments with recognize to 4 principal geographies and their countries- North America, Europe, Asia, and Rest of the World.
Country degree analysis of the market with admire to the present day market measurement and future prospective.
To furnish usa stage evaluation of the market for phase by means of application, product kind and sub-segments.
To grant strategic profiling of key gamers in the Vacation Rental Market, comprehensively inspecting their core competencies, and drawing a aggressive panorama for the market.
Track and analyze aggressive trends such as joint ventures, strategic alliances, mergers and acquisitions, new product developments, and lookup and traits in the world Vacation Rental Market.
Complete Report Details with Facts and Figures along respective Images and Graphs (TOC) https://www.databridgemarketresearch.com/toc/?dbmr=global-vacation-rental-market
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