Brazil Vacation Rental Market Size & Outlook, 2023-2030
Brazil vacation rental market, 2017-2030 (US$M)
Related Markets
Brazil vacation rental market highlights
- The Brazil vacation rental market generated a revenue of USD 2,077.1 million in 2023 and is expected to reach USD 2,768.4 million by 2030.
- The Brazil market is expected to grow at a CAGR of 4.2% from 2024 to 2030.
- In terms of segment, home was the largest revenue generating rental type in 2023.
- Resort/Condominium is the most lucrative rental type segment registering the fastest growth during the forecast period.
Vacation rental market data book summary
| Market revenue in 2023 | USD 2,077.1 million |
| Market revenue in 2030 | USD 2,768.4 million |
| Growth rate | 4.2% (CAGR from 2023 to 2030) |
| Largest segment | Home |
| Fastest growing segment | Resort/Condominium |
| Historical data | 2017 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 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 Destinations, 9flats, Hotelplan Group, Novasol, OYO |
Other key industry trends
- In terms of revenue, Brazil accounted for 2.3% of the global vacation rental market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Latin America, Brazil vacation rental market is projected to lead the regional market in terms of revenue in 2030.
- Brazil is the fastest growing regional market in Latin America and is projected to reach USD 2,768.4 million by 2030.
Home was the largest segment with a revenue share of 46.58% in 2023. Horizon Databook has segmented the Brazil vacation rental market based on home, apartments, resort/condominium covering the revenue growth of each sub-segment from 2017 to 2030.
Brazil is an immensely popular holiday destination with tourist favorites like Sao Paulo, Rio Grande, and Alagoas. Furthermore, the growing number of middle-class families and increasing spending power of young citizens have spurred vacation rental among consumers. As per the data provided by the government of Brazil, the tourism sector accounts for around 3.7% of the country’s GDP and 3% of total employment.
However, the tourism and hospitality industry has been suffering severely due to the COVID-19 pandemic. As of April 18, 2020, Brazil had the highest number of confirmed coronavirus cases with 36,599 cases in entire Latin America. With several parts of the country reopening gradually, the tourism industry is expected to recover slowly over time.
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Vacation Rental Market Scope
Vacation Rental Market Companies
| Name | Profile | # Employees | HQ | Website |
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Brazil vacation rental market size, by rental type, 2017-2030 (US$M)
Brazil Vacation Rental Market Outlook Share, 2023 & 2030 (US$M)
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