Vacation Rental Market Key Players, Trends, Growth
Opportunities and Industry Forecast till 2025
“Growing popularity of short-term rental apartments,
farmhouses, and private homes among users is expected to
drive the growth of the market over the forecast period.”
The global vacation rental market is subject to witness a substantial growth due to the increasing preference
of vacation home rentals over hotel lodging. Growing popularity of short-term rental apartments,
farmhouses, and private homes among users is expected to drive the growth of the market over the forecast
period.
Increase in the number of rental cabins, beach houses, villas, cottages, and chalets is anticipated to stimulate
industry expansion in the upcoming years. Globally, the vacation rental market is predicted to grow at a
CAGR of 6.89%, providing numerous opportunities for market players to invest for development of innovative
vacation rental services.
Increase in domestic as well as international tourism worldwide was the major driving factor for market
growth in the past few years. In addition, favorable government policies and aggressive marketing strategies
adopted by industry participants are expected to fuel market demand for vacation rentals in the upcoming
years. Additionally, increasing number of second homes as rental property that are professionally managed
is forecasted to offer new growth prospects for vacation rental market. Shifting trend towards renting out
property to generate excess of revenue by owners is propelling market expansion in the recent years.
Increasing number of initiatives to promote dying tourism by local governments, particularly in coastal areas
or mountain regions that have faced extreme calamities such as tsunami and earthquakes, is estimated to
favor market growth over the forecast period. Growing market penetration via appealing e-commerce
websites is projected to drive large number of customers towards vacation rentals in upcoming years. In