China Short Term Vacation Rental Market Size & Outlook
China short term vacation rental market, 2017-2030 (US$M)
Related Markets
China short term vacation rental market highlights
- The China short term vacation rental market generated a revenue of USD 10,163.2 million in 2022 and is expected to reach USD 24,733.3 million by 2030.
- The China market is expected to grow at a CAGR of 11.8% 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 10,163.2 million |
| Market revenue in 2030 | USD 24,733.3 million |
| Growth rate | 11.8% (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, China accounted for 9.3% 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.
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Short Term Vacation Rental Market Scope
Short Term Vacation Rental Market Companies
| Name | Profile | # Employees | HQ | Website |
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China 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 43.05% in 2022. Horizon Databook has segmented the China short term vacation rental market based on home, apartments, resort/condominium covering the revenue growth of each sub-segment from 2017 to 2030.
Short-term vacation rentals are particularly popular in major cities and scenic destinations in China. Cities like Beijing, Shanghai, Guangzhou, and Chengdu, as well as tourist hotspots like Zhang jiajie, Guilin, and Hangzhou, have seen significant growth in vacation rental availability and demand.
The vacation rental market in China has faced regulatory challenges. In some cities, local regulations restrict or require permits for short-term rentals due to concerns over housing availability, safety standards, and noise disturbances.
Regulations can vary significantly from one city to another, and it is important for hosts and guests to adhere to the specific requirements in each location. Key service players in the country are taking up initiatives and widening the accommodation destinations by partnering or educating the landlords in the country.
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Target buyers of China 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 country-level data and insights on the China short term vacation rental market , including forecasts for subscribers. This country databook contains high-level insights into China short term vacation rental market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
China short term vacation rental market size, by accommodation type, 2017-2030 (US$M)
China Short Term Vacation Rental Market Outlook Share, 2022 & 2030 (US$M)
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