Vacation Rental Market Size & Outlook, 2030

Revenue, 2023 (US$M)

$89,320.5

Forecast, 2030 (US$M)

$119,006.3

CAGR, 2024 - 2030

4.2%

Report Coverage

Worldwide

Global vacation rental market, 2017-2030 (US$M)

Related Markets

North America Vacation Rental Market Outlook

U.S. Vacation Rental Market Outlook

Canada Vacation Rental Market Outlook

Europe Vacation Rental Market Outlook

Germany Vacation Rental Market Outlook

France Vacation Rental Market Outlook

UK Vacation Rental Market Outlook

Asia Pacific Vacation Rental Market Outlook

Japan Vacation Rental Market Outlook

China Vacation Rental Market Outlook

Australia Vacation Rental Market Outlook

Latin America Vacation Rental Market Outlook

Brazil Vacation Rental Market Outlook

MEA Vacation Rental Market Outlook

Saudi Arabia Vacation Rental Market Outlook

Global vacation rental market highlights

The global vacation rental market generated a revenue of USD 89,320.5 million in 2023 and is expected to reach USD 119,006.3 million by 2030.
The market is expected to grow at a CAGR (2024 - 2030) of 4.2% by 2030.
In terms of segment, home accounted for a revenue of USD 42,532.2 million in 2023.
Resort/Condominium is the most lucrative rental type segment registering the fastest growth during the forecast period.
In terms of region, Europe was the largest revenue generating market in 2023.
Country-wise, U.S. is expected to register the highest CAGR from 2024 to 2030.

Global data book summary

Market revenue in 2023	USD 89,320.5 million
Market revenue in 2030	USD 119,006.3 million
Growth rate	4.2% (CAGR from 2023 to 2030)
Largest segment	Home
Fastest growing segment	Resort/Condominium
Historical data covered	2017 - 2022
Base year for estimation	2023
Forecast period covered	2024 - 2030
Quantitative units	Revenue in USD million
Market segmentation	Home, Apartments, Resort/Condominium

Other key industry trends

In terms of revenue, the North America accounted for 23.6% of the global vacation rental market in 2023.
By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
By country, U.S. is the fastest growing regional market and is projected to reach USD 22,118.9 million by 2030.

Home was the largest segment with a revenue share of 47.62% in 2023. Horizon Databook has segmented the Global vacation rental market based on home, apartments, resort/condominium covering the revenue growth of each sub-segment from 2017 to 2030.

Initially, consumers were skeptical about staying in an unknown person home, and likewise, hosts were hesitant about renting out their property. However, public perception of peer-to-peer (P2P) vacation rentals has shifted significantly in recent years.

The vacation rental industry has skyrocketed over the last few years and only declined after the COVID-19 outbreak, owing to lockdowns and restrictions on travel. Before the pandemic, travel was on the rise, and a growing consumer interest was observed in experiencing higher-quality and home-like vacations, which supported the growth of the vacation rental industry.

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