Luxury Vacation Rental Market Size & Share 2025 – 2034
Market Size by Property, by Booking Channel, by Guest, by Service Level, Growth Forecast.
Report ID: GMI14452
|
Published Date: July 2025
|
Report Format: PDF
Download Free PDF
Authors: Preeti Wadhwani, Satyam Jaiswal

Luxury Vacation Rental Market Size
The global luxury vacation rental market size was estimated at USD 26.5 billion in 2024. The market is expected to grow from USD 28.5 billion in 2025 to USD 63.7 billion in 2034, at a CAGR of 9.3%.
Luxury Vacation Rental Market Key Takeaways
Market Size & Growth
Key Market Drivers
Challenges
Opportunity
Key Players
Luxury Vacation Rental Market Trends
Luxury Vacation Rental Market Analysis
Based on property, the luxury vacation rental market is divided into luxury villas and estates, luxury penthouses and apartments, unique and experiential properties, and luxury resort residences. The luxury villas and estates segment dominated the luxury vacation rental market accounting for around 49% in 2024 and is expected to grow at a CAGR of around 10% from 2025 to 2034.
Based on booking channel, the luxury vacation rental market is segmented into online travel agencies (OTAs), luxury-focused platforms, direct booking channels, and concierge and travel agent bookings. The Online travel agencies (OTAs) segment dominates the market with 45% share in 2024, and the segment is expected to grow at a CAGR of around 10% from 2025 to 2034.
Based on guests, the luxury vacation rental market is segmented into ultra-high-net-worth (UHNW) travelers, Affluent leisure travelers, corporate and business travelers, millennial and gen z luxury travelers, multi-generational family groups, and special occasion travelers. The ultra-high-net-worth (UHNW) travelers’ segment is expected to dominate as the ability to train thousands of employees across varying technical backgrounds, languages, and regulatory environments demands scalable, secure, and customizable training solutions.
The US dominated the luxury vacation rental market in North America with around 82% share and generated USD 9.6 billion in revenue in 2024.
The luxury vacation rental market in UK is projected to witness strong and sustained growth from 2025 to 2034, driven by rising demand for exclusive, flexible, and experience-focused accommodations.
The luxury vacation rental market in India is expected to experience significant and promising growth from 2025 to 2034.
The luxury vacation rental market in UAE is expected to experience significant and promising growth from 2025 to 2034.
The luxury vacation rental market in Brazil is expected to experience significant and promising growth from 2025 to 2034.
Luxury Vacation Rental Market Share
Luxury Vacation Rental Market Companies
Major players operating in the luxury vacation rental industry are:
28% Market Share
Collective market share in 2024 is 39%
Luxury Vacation Rental Industry News
The luxury vacation rental market research report includes in-depth coverage of the industry with estimates & forecasts in terms of revenue ($ Mn) from 2021 to 2034, for the following segments:
Click here to Buy Section of this Report
Market, By Property
Market, By Booking Channel
Market, By Guest
Market, By Service Level
The above information is provided for the following regions and countries: