Canada Vacation Rental Market Size & Outlook, 2023-2030
The vacation rental market in Canada is expected to reach a projected revenue of US$ 2,754.4 million by 2030. A compound annual growth rate of 4.7% is expected of Canada vacation rental market from 2024 to 2030.
Revenue, 2023 (US$M)
$1,990.7
Forecast, 2030 (US$M)
$2,754.4
CAGR, 2024 - 2030
4.7%
Report Coverage
Canada
Canada vacation rental market, 2017-2030 (US$M)
Related Markets
Canada vacation rental market highlights
- The Canada vacation rental market generated a revenue of USD 1,990.7 million in 2023 and is expected to reach USD 2,754.4 million by 2030.
- The Canada market is expected to grow at a CAGR of 4.7% 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 1,990.7 million |
| Market revenue in 2030 | USD 2,754.4 million |
| Growth rate | 4.7% (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, Canada accounted for 2.2% 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 North America, U.S. 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 2,754.4 million by 2030.
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Vacation Rental Market Scope
Vacation rental market segmentation & scope
Vacation Rental Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Canada vacation rental market size, by rental type, 2017-2030 (US$M)
Canada Vacation Rental Market Outlook Share, 2023 & 2030 (US$M)
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