Vacation Rentals - Worldwide
- Worldwide
- Revenue in the Vacation Rentals market is projected to reach US$94.34bn in 2023.
- Revenue is expected to show an annual growth rate (CAGR 2023-2027) of 3.37%, resulting in a projected market volume of US$107.70bn by 2027.
- In the Vacation Rentals market, the number of users is expected to amount to 0.90bn users by 2027.
- User penetration is projected to be 10.5% in 2023 and 11.3% by 2027.
- The average revenue per user (ARPU) is expected to amount to US$116.70.
- In the Vacation Rentals market, 75% of total revenue will be generated through online sales by 2027.
- In global comparison, most revenue will be generated in the United States (US$19,390.00m in 2023).
Key regions: Germany, Malaysia, United States, Singapore, Indonesia
Analyst Opinion
Vacation Rentals are becoming increasingly popular. Rooms, apartments or vacation homes can often be rented at very short notice, which increasingly represents an attractive accommodation alternative for tourists, especially from the USA and Europe.
Methodology
The Travel & Tourism market was created by extending the Online Travel Booking market with trips and accommodations booked offline. The definition of users has also been changed with the newest update. Previously only the paying users were defined as users but the current number of users represents the number of all travelers. Travel booking in the last two decades has become increasingly online. For this reason, we use the online-conducted Global Consumer Survey as a main source of our research. Furthermore, we rely on market data from independent databases and third-party sources, analysis of various key market and macroeconomic indicators, historical developments, current trends, and reported performance indicators from the key market players.Â
Overview
- Revenue
- Sales Channels
- Analyst Opinion
- Users
- Global Comparison
- Methodology
- Key Market Indicators