Latin America Short Term Vacation Rental Market Size & Outlook
Latin America short term vacation rental market, 2017-2030 (US$M)
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Latin America short term vacation rental market highlights
- The Latin America short term vacation rental market generated a revenue of USD 3,024.4 million in 2022.
- The market is expected to grow at a CAGR of 9.1% 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, Brazil is expected to register the highest CAGR from 2023 to 2030.
Latin America data book summary
| Market revenue in 2022 | USD 3,024.4 million |
| Market revenue in 2030 | USD 6,048.8 million |
| Growth rate | 9.1% (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, Latin America region accounted for 2.8% 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 |
|---|
Latin America 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 38.63% in 2022. Horizon Databook has segmented the Latin America short term vacation rental market based on home, apartments, resort/condominium covering the revenue growth of each sub-segment from 2017 to 2030.
The availability of well-developed tourism infrastructure and proximity to important cities across North America are the major factors attracting international travelers to Central and South America.
According to the World Travel & Tourism Council (WTTC), this region shows immense potential in the global tourism sector, with Brazil, Colombia, Peru, Chile, and Argentina emerging as key markets in the region.
This bodes well for the short-term vacation rental market. Tourists visiting countries like Costa Rica, Belize, Panama, and Nicaragua seek unique experiences as well as the convenience of staying in fully equipped homes, villas, or apartments.
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Target buyers of Latin America 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 Latin America short term vacation rental market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America short term vacation rental market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America short term vacation rental market size, by country, 2017-2030 (US$M)
Latin America Short Term Vacation Rental Market Outlook Share, 2022 & 2030 (US$M)
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