Asia Pacific Short Term Vacation Rental Market Size & Outlook
Asia Pacific short term vacation rental market, 2017-2030 (US$M)
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Asia Pacific short term vacation rental market highlights
- The Asia Pacific short term vacation rental market generated a revenue of USD 29,367.9 million in 2022.
- The market is expected to grow at a CAGR of 12.2% from 2023 to 2030.
- In terms of segment, home was the largest revenue generating accommodation type in 2022.
- Resort/Condominium is the most lucrative accommodation type segment registering the fastest growth during the forecast period.
- Country-wise, Japan is expected to register the highest CAGR from 2023 to 2030.
Asia Pacific data book summary
| Market revenue in 2022 | USD 29,367.9 million |
| Market revenue in 2030 | USD 73,944.4 million |
| Growth rate | 12.2% (CAGR from 2022 to 2030) |
| Largest segment | Home |
| Fastest growing segment | Resort/Condominium |
| Historical data covered | 2017 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Home, Apartments, Resort/Condominium |
| Key market players worldwide | Airbnb Inc Ordinary Shares - Class A, Booking Holdings Inc, Expedia Group Inc, MakeMyTrip Ltd, Tripadvisor Inc, Wyndham Hotels & Resorts Inc Ordinary Shares |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 26.8% of the global short term vacation rental market in 2022.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 73,944.4 million by 2030.
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Short Term Vacation Rental Market Scope
Short Term Vacation Rental Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Asia Pacific short term vacation rental market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to short term vacation rental market will help companies and investors design strategic landscapes.
Home was the largest segment with a revenue share of 42.29% in 2022. Horizon Databook has segmented the Asia Pacific short term vacation rental market based on home, apartments, resort/condominium covering the revenue growth of each sub-segment from 2017 to 2030.
Asia Pacific is one of the world's fastest-developing regions; the expansion of the hospitality sector has the potential to significantly boost economic growth, inter-regional collaboration, and intellectual progress. The rapid rise of SMEs, the expansion of corporate industries, and the globalization of businesses have all led to a significant increase in the aforementioned activities.
Along with the increase in business travel, business travelers’ changing travel habits toward leisure travel, increased urbanization, and rising disposable incomes are important drivers that support the short-term vacation rental market's expansion.
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Target buyers of Asia Pacific short term vacation rental market databook
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Our clientele includes a mix of short term vacation rental market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific short term vacation rental market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific short term vacation rental market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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Asia Pacific short term vacation rental market size, by country, 2017-2030 (US$M)
Asia Pacific Short Term Vacation Rental Market Outlook Share, 2022 & 2030 (US$M)
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