Australia Short Term Vacation Rental Market Size & Outlook, 2030

Revenue, 2022 (US$M)

$1,727.0

Forecast, 2030 (US$M)

$4,066.9

CAGR, 2023 - 2030

11.3%

Report Coverage

Australia

Australia short term vacation rental market, 2017-2030 (US$M)

Related Markets

Global Short Term Vacation Rental Industry Outlook

North America Short Term Vacation Rental Market Outlook

U.S. Short Term Vacation Rental Market Outlook

Canada Short Term Vacation Rental Market Outlook

Europe Short Term Vacation Rental Market Outlook

Germany Short Term Vacation Rental Market Outlook

UK Short Term Vacation Rental Market Outlook

Asia Pacific Short Term Vacation Rental Market Outlook

Japan Short Term Vacation Rental Market Outlook

China Short Term Vacation Rental Market Outlook

Latin America Short Term Vacation Rental Market Outlook

Brazil Short Term Vacation Rental Market Outlook

MEA Short Term Vacation Rental Market Outlook

South Africa Short Term Vacation Rental Market Outlook

Australia short term vacation rental market highlights

The Australia short term vacation rental market generated a revenue of USD 1,727.0 million in 2022 and is expected to reach USD 4,066.9 million by 2030.
The Australia market is expected to grow at a CAGR of 11.3% 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.

Short term vacation rental market data book summary

Market revenue in 2022	USD 1,727.0 million
Market revenue in 2030	USD 4,066.9 million
Growth rate	11.3% (CAGR from 2022 to 2030)
Largest segment	Home
Fastest growing segment	Resort/Condominium
Historical data	2017 - 2021
Base year	2022
Forecast period	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, Australia accounted for 1.6% of the global short term vacation rental market in 2022.
Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
In Asia Pacific, China short term vacation rental market is projected to lead the regional market in terms of revenue in 2030.
Japan is the fastest growing regional market in Asia Pacific and is projected to reach USD 17,338.8 million by 2030.

Key Regions: U.S. , UK , Japan , Brazil , Canada

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Short Term Vacation Rental Market Scope

Short term vacation rental market segmentation & scope

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Short Term Vacation Rental Market Companies

Name	Profile	# Employees	HQ	Website

Australia 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 47.97% in 2022. Horizon Databook has segmented the Australia short term vacation rental market based on home, apartments, resort/condominium covering the revenue growth of each sub-segment from 2017 to 2030.

According to Australian Bureau of Statistics, there were 4,999 million visitors as of March 2023, which is an 816% year-on-year increase. Also, according to the same sources, tourists stayed 37 nights on an average.

Through its contribution to GDP and employment creation, the short-term rental sector has grown to be a significant participant in the Australia tourism market. According to Australian Financial Review, MadeComfy, an Airbnb management company in Australia, reported an average occupancy rate of 73% Sydney and Melbourne, showing a strong comeback in the STR industry.

Australia's beautiful coastline and scenic regions make it an attractive destination for vacation rentals. Coastal areas, beachside towns, and regions with natural attractions like the Great Barrier Reef, the Whitsundays, the Blue Mountains, and the Yarra Valley are popular spots for vacation rental properties.

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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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Horizon Databook provides a detailed overview of country-level data and insights on the Australia short term vacation rental market , including forecasts for subscribers. This country databook contains high-level insights into Australia short term vacation rental market from 2017 to 2030, including revenue numbers, major trends, and company profiles.