Canada Short Term Vacation Rental Market Size & Outlook, 2030

Revenue, 2022 (US$M)

$3,828.2

Forecast, 2030 (US$M)

$9,511.6

CAGR, 2023 - 2030

12%

Report Coverage

Canada

Canada 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

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

Australia 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

Canada short term vacation rental market highlights

The Canada short term vacation rental market generated a revenue of USD 3,828.2 million in 2022 and is expected to reach USD 9,511.6 million by 2030.
The Canada market is expected to grow at a CAGR of 12% 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 3,828.2 million
Market revenue in 2030	USD 9,511.6 million
Growth rate	12% (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, Canada accounted for 3.5% 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 North America, U.S. short term vacation rental market is projected to lead the regional market in terms of revenue in 2030.
Canada is the fastest growing regional market in North America and is projected to reach USD 9,511.6 million by 2030.

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

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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

Canada 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 36.46% in 2022. Horizon Databook has segmented the Canada short term vacation rental market based on home, apartments, resort/condominium covering the revenue growth of each sub-segment from 2017 to 2030.

Rental hosts have suffered severely due to the COVID-19 pandemic due to widespread restrictions on travel. As per Statistics Canada, in 2019, the tourism industry contributed around 2% of Canada’s GDP. Due to the travel restrictions and limitations, the number of international arrivals to Canada dropped by 54.2% in March 2020, as compared to February 2020.

Furthermore, the hotel occupancy rate fell below 20% by the first week of April 2020 across Canada. As per the Labour Force Survey, the tourism industry’s paid employment for April and May 2020 sank by nearly 60% in Canada, as compared to 2019.

However, with the easing of travel restrictions, the industry recovered in the region. This improving scenario bodes well for the short-term vacation rental market. The growth of online vacation rental platforms such as Airbnb, and HomeAway (Vrbo) has made it easier for homeowners to list their properties and for travelers to find and book accommodations.

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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 Canada short term vacation rental market , including forecasts for subscribers. This country databook contains high-level insights into Canada short term vacation rental market from 2017 to 2030, including revenue numbers, major trends, and company profiles.