Press release
Vacation Rental Global Market 2024 Emerging Trends and Market Projections
Vacation Rental
As per the report, the vacation rental market size has grown strongly in recent years. It will grow from $84.06 billion in 2023 to $89.45 billion in 2024 at a compound annual growth rate (CAGR) of 6.4%. The vacation rental market size is expected to see exponential growth in the next few years. It will grow to $115.90 billion in 2028 at a compound annual growth rate (CAGR) of 6.7%.
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What Is Driving The Growth Of The Global Vacation Rental Market?
Travel And Tourism Growth Spurs Demand In Vacation Rental Market
The growth in the travel and tourism sectors is expected to propel the growth of the vacation rental market going forward. The travel and tourism sectors are comprehensive and multifaceted, encompassing everything from the transportation methods that carry travelers to their destinations to the wide array of services and experiences that make travel enjoyable and memorable. The growth in the travel and tourism sectors is due to improved transportation infrastructure, globalization, trade liberalization, a rising preference for experiential travel, and a rising interest in health and wellness tourism. Vacation rentals benefit the travel and tourism sectors by providing diverse accommodation options, boosting local economies, supporting longer stays, and enhancing traveler experiences with more personalized and flexible lodging alternatives.
What Is The Key Trend In The Global Vacation Rental Market?
Premium Vacation Rental To Expand Global Presence And Cater To High-End Travelers
Major companies operating in the vacation rental market are focusing on expanding their businesses through innovative solutions such as premium vacation rental homes to attract high-end travelers, enhance guest experiences, and differentiate themselves in a competitive market. Premium vacation rental homes are high-end luxury properties that offer exceptional amenities, superior comfort, and unique experiences, catering to travelers seeking upscale accommodations and personalized services during their stay.
How Is The Global Vacation Rental Market Segmented?
The vacation rental market covered in this report is segmented -
1) By Accommodation Type: Home, Resort Or Condominium, Apartments, Hometown, Villas
2) By Price Point: Economic, Mid Range, Luxury
3) By Booking Mode: Online, Offline, Other Booking Modes
4) By End User Generation: Generation Zoomer, Millennials, Generation X, Boomers
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How Is The Competitive Landscape Of The Global Vacation Rental Market?
Major companies operating in the vacation rental market are Airbnb Inc., Wyndham Destinations Inc., Agoda Company Pte. Ltd., TripAdvisor LLC, Vacasa LLC, Trivago GmbH, Priceline LLC, VRBO Inc., NOVASOL A/S, Hotels.com L.P., MakeMyTrip Pvt. Ltd., Pacaso Inc., KAYAK Software Corporation, AvantStay Inc., Hotelplan Management AG, HotelsCombined Pty Ltd, Whitetail Properties Real Estate LLC, Stellar MLS, Elliott Realty Group, 9flats GmbH, Panhandle Getaways Inc., StayMarquis LLC, Coastal Living Group LLC
Contents Of The Global Vacation Rental Market
1. Executive Summary
2. Vacation Rental Market Report Structure
3. Vacation Rental Market Trends And Strategies
4. Vacation Rental Market - Macro Economic Scenario
5. Vacation Rental Market Size And Growth
…..
27. Vacation Rental Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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