Germany Vacation Rental Market Size & Outlook, 2023-2030
Germany vacation rental market, 2017-2030 (US$M)
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Germany vacation rental market highlights
- The Germany vacation rental market generated a revenue of USD 4,302.3 million in 2023 and is expected to reach USD 5,524.9 million by 2030.
- The Germany market is expected to grow at a CAGR of 3.6% 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 4,302.3 million |
| Market revenue in 2030 | USD 5,524.9 million |
| Growth rate | 3.6% (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, Germany accounted for 4.8% 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 Europe, UK vacation rental market is projected to lead the regional market in terms of revenue in 2030.
- France is the fastest growing regional market in Europe and is projected to reach USD 4,276.8 million by 2030.
Home was the largest segment with a revenue share of 49.29% in 2023. Horizon Databook has segmented the Germany vacation rental market based on home, apartments, resort/condominium covering the revenue growth of each sub-segment from 2017 to 2030.
As per the Short Term Rentalz, Germany features under the top five major supply countries in Europe, with around 310,500 advertised properties in 2019. Berlin, Munich, Cologne, Hamburg, and Heringsdorf are the key cities in the Germany vacation rental market.
As per the report published by the World Travel & Tourism Council (WTTC), Germany could lose around USD 46 billion in 2020 due to the significant drop in the number of international travelers this year. People have canceled their bookings and have not traveled much due to the spread of COVID-19 across the country.
The strict safety measures in Germany have hampered the growth of the vacation rental market. However, the recovery has started with the ease of lockdown. Furthermore, the German government has allowed people to feel more assured about their safety and health.
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Vacation Rental Market Scope
Vacation Rental Market Companies
| Name | Profile | # Employees | HQ | Website |
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Germany vacation rental market size, by rental type, 2017-2030 (US$M)
Germany Vacation Rental Market Outlook Share, 2023 & 2030 (US$M)
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