U.S. Short Term Vacation Rental Market Size & Outlook
U.S. short term vacation rental market, 2017-2030 (US$M)
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U.S. short term vacation rental market highlights
- The U.S. short term vacation rental market generated a revenue of USD 33,007.4 million in 2022 and is expected to reach USD 72,490.6 million by 2030.
- The U.S. market is expected to grow at a CAGR of 10.3% 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 33,007.4 million |
| Market revenue in 2030 | USD 72,490.6 million |
| Growth rate | 10.3% (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, U.S. accounted for 30.1% 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.
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Short Term Vacation Rental Market Scope
Short Term Vacation Rental Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
U.S. 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 41.71% in 2022. Horizon Databook has segmented the U.S. 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 the World Travel & Tourism Council Report 2020, many cities across North America contribute significantly to the region’s overall GDP, with Las Vegas contributing 27.4% in 2019. According to a 2022 World Travel & Tourism Council report, the change in travel and tourism GDP in the U.S. from 2020 to 2021 was an addition of 22.0%, with 94.8% as domestic spending and 5.2% as international spending.
The growth of vacation rental destinations is directly correlated with the expansion of travel trends. These trends bode well for the increase in the short-term vacation rental market.
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Target buyers of U.S. 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 U.S. short term vacation rental market , including forecasts for subscribers. This country databook contains high-level insights into U.S. short term vacation rental market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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U.S. short term vacation rental market size, by accommodation type, 2017-2030 (US$M)
U.S. Short Term Vacation Rental Market Outlook Share, 2022 & 2030 (US$M)
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