Middle East & Africa Short Term Vacation Rental Market Size & Outlook
Middle East & Africa short term vacation rental market, 2017-2030 (US$M)
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MEA short term vacation rental market highlights
- The MEA short term vacation rental market generated a revenue of USD 4,146.5 million in 2022.
- The market is expected to grow at a CAGR of 9.7% from 2023 to 2030.
- In terms of segment, home was the largest revenue generating accommodation type in 2022.
- Apartments is the most lucrative accommodation type segment registering the fastest growth during the forecast period.
- Country-wise, South Africa is expected to register the highest CAGR from 2023 to 2030.
MEA data book summary
| Market revenue in 2022 | USD 4,146.5 million |
| Market revenue in 2030 | USD 8,688.8 million |
| Growth rate | 9.7% (CAGR from 2022 to 2030) |
| Largest segment | Home |
| Fastest growing segment | Apartments |
| 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, MEA region accounted for 3.8% 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.
Key Regions: U.S. , UK , Japan , Brazil , South Africa
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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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Middle East & Africa 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 41.1% in 2022. Horizon Databook has segmented the Middle East & Africa short term vacation rental market based on home, apartments, resort/condominium covering the revenue growth of each sub-segment from 2017 to 2030.
The concept of vacation rentals is gaining popularity across the region, with a significant number of travelers opting for alternatives to traditional hotels as trust in vacation rental services grows. Airbnb and HomeAway (Vrbo) are among the leading companies in this regional market, with Dubai, Cairo, Abu Dhabi, Riyadh, Seychelles, and Mauritania among the key destinations.
Africa has many popular tourist locations rich in culture, ethnicity, and natural beauty. This makes it a lucrative destination for short-term vacation rentals.
According to data by Airbtics, a short-term rental analytics company, the city with the highest occupancy rate in Africa in 2022 was Seychelles at 50%, with the average daily rate pegged at USD 219.
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Target buyers of Middle East & Africa 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 Middle East & Africa short term vacation rental market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa short term vacation rental market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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MEA short term vacation rental market size, by country, 2017-2030 (US$M)
Middle East & Africa Short Term Vacation Rental Market Outlook Share, 2022 & 2030 (US$M)
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