Europe Vacation Rental Market Size & Outlook, 2023-2030
Europe vacation rental market, 2017-2030 (US$M)
Related Markets
Europe vacation rental market highlights
- The Europe vacation rental market generated a revenue of USD 30,708.6 million in 2023.
- The market is expected to grow at a CAGR of 3.4% 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.
- Country-wise, France is expected to register the highest CAGR from 2024 to 2030.
Europe data book summary
| Market revenue in 2023 | USD 30,708.6 million |
| Market revenue in 2030 | USD 38,879.4 million |
| Growth rate | 3.4% (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 |
| 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, Europe region accounted for 34.4% of the global vacation rental market in 2023.
- Globally, Europe 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 37,391.8 million by 2030.
Home was the largest segment with a revenue share of 48.95% in 2023. Horizon Databook has segmented the Europe vacation rental market based on home, apartments, resort/condominium covering the revenue growth of each sub-segment from 2017 to 2030.
Rising travel connectivity, coupled with rapid penetration of high-speed internet, has made even the most remote places in Europe more accessible to travelers. This is driving the need to explore new, exotic, and exciting locations across the region, thereby fuelling the vacation rental market over the forecast period. Germany, France, the U.K., Italy, and Spain are the largest markets in the region.
Cities like London, Paris, Rome, Moscow, Madrid, Saint Petersburg, Barcelona, Lisbon, Milano, and Batumi have the highest number of vacation rentals in the region.
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Vacation Rental Market Scope
Vacation Rental Market Companies
| Name | Profile | # Employees | HQ | Website |
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Europe vacation rental market size, by country, 2017-2030 (US$M)
Europe Vacation Rental Market Outlook Share, 2023 & 2030 (US$M)
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