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Vacation Rental Market Share

Report ID: GMI10125
Published Date: Jul 2024
Report Format: PDF

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Vacation Rental Market Share

Airbnb, Booking Holdings Inc. an Expedia hold a significant market share of over 41% in the vocational rental market. Airbnb has targeted campaigns to recruit new hosts, focusing on high-demand regions and emerging markets. They promote a variety of property types, including unique accommodations such as treehouses, yurts, and luxury villas, to attract a broader range of travelers. Additionally, Airbnb offers extensive support and training programs for hosts to improve listing quality and guest experiences.

Booking Holdings Inc. uses AI-powered search and booking engines to enhance accuracy and efficiency in the booking process. They continually upgrade their mobile app with features like instant booking confirmations, real-time customer support, and localized recommendations. Additionally, they leverage data analytics to create personalized marketing campaigns, targeting specific customer segments with tailored offers and promotions.

Vacation Rental Market Companies

Major players operating in the global vacation rental industry are:

Airbnb
Booking Holdings Inc.
Expedia
OYO Vacation Homes
RedAwning
Sonder
Stayz
TripAdvisor
TurnKey Vacation Rentals
Vacasa

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The market size of vacation rental was reached USD 99.6 billion in 2023 and is anticipated to register over 3% CAGR between 2024 and 2032, driven by growth of online booking platforms and rising disposable incomes.

The short-term segment in the vacation rental market is expected to reach USD 65 billion by 2032, due to increased popularity of shorter trips, flexible housing, and affordability for groups and families.

Europe vacation rental market held 32% revenue share in 2023 owing to the rich history, cultural sites, scenic beauty, and excellent transportation networks.

Airbnb, Booking Holdings Inc., Expedia, OYO Vacation Homes, RedAwning, Sonder, Stayz, TripAdvisor, TurnKey Vacation Rentals, and Vacasa.