Vacation Rental Market Expected to Grow by $84.41 Billion: Specialty Consumer Services Market is Parent Market

NEW YORK, December 7, 2022 /PRNewswire/ — The global vacation rental market has been classified as part of the global specialty consumer services market. The parent market, Global Consumer Specialty Services, covers revenues generated by providers of consumer services, including residential services, home security services, legal services, personal services, renovation and repair services. interior design, consumer auction services, wedding services and funeral services.

The vacation rental market the size should increase by $84.41 billionat a CAGR of 8.54% between 2022 and 2027, according to Technavio, Download a sample

Seasonal rental market 2022-2026: scope

The vacation rental market report covers the following areas:

Seasonal rental market 2022-2026: landscape of sellers

The global vacation rental market is fragmented due to the presence of many established and regional vendors. International players are focusing on increasing their presence in the market. To survive in the growing competition, regional players are diligently using their resources. The competitive environment in the global vacation rental market is expected to further increase during the forecast period with an increase in product or service extensions and technological innovations.

9flats.com PTE Ltd., Accor SA, Agoda Co. Pte. Ltd., Airbnb Inc., Bennington Properties LLC, Bluefish Vacation Rentals, BoutiqueHomes, Clickstay Ltd., Elite Destination Homes, Elite LLC, Expedia Group Inc., Holidu GmbH, Hotelplan Management AG, MakeMyTrip Ltd. and NOVASOL AS are among them. of the main players in the market.

Vacation Rental Market 2022-2026: Competitive Analysis

The competitive scenario categorizes companies based on various performance indicators. Some of the factors taken into consideration include the companies’ financial performance, growth strategies, product innovations, new product launches, investments, and market share growth, among others. Buy the report

The story continues

Seasonal rental market 2022-2026: segmentation

The owner-managed segment held the largest market share in 2022. Most of the players in this segment are small private hotel and resort owners who manage their own property. Factors such as the need for increased personal interaction and improved customer satisfaction are driving the growth of the segment.

Europe is estimated to represent 37% of market growth over the forecast period. The presence of several established players, increasing number of new startups, and increasing funding from prominent investors are driving the growth of the regional market. In addition, increased customer awareness of vacation rental services and increase in the number of tourists wishing to stay in vacation rentals rather than hotel rooms are contributing to the growth of the vacation rental market in Europe.

To better understand the different segments, Request a sample PDF

What are the key data covered in this vacation rental market report?

• CAGR of the market over the forecast period

• Detailed information on the factors that will drive the growth of the vacation rental market between 2023 and 2027

• Accurate estimation of the vacation rental market size and its contribution to the parent market

• Accurate predictions on upcoming trends and changes in consumer behavior

• Industry growth through Europe, North AmericaACPA, Middle East and Africaand South America

• In-depth analysis of the market competitive landscape and detailed vendor information

• Comprehensive analysis of the factors that will challenge the growth of sellers in the vacation rental market

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Related reports:

• The size of the vacation rental market in Europe should increase by $29.23 billion from 2021 to 2026, at a CAGR of 8.18%. The market is segmented by management (owner-run and professional-run) and geography (UK, France, Italy, Spainand Rest of Europe).

• The travel insurance market the size should increase by $9.88 billion from 2021 to 2026, and the growth momentum of the market will accelerate at a CAGR of 9.23%. The market is segmented by end user (seniors, business travel, family travel and others) and by geography (North America, EuropeAPAC, MEA and South America).

Contents:

1. Summary

2 Market landscape

3 Market sizing

4 Historical market size

5 Five forces analysis

6 Market Segmentation by Management

7 Market Segmentation by Booking Mode

8 Customer Landscape

9 Geographic landscape

10 drivers, challenges and trends

11 Supplier landscape

12 Vendor Analysis

13 Appendix

About Technavio

Technavio is a global leader in technology research and consulting. Their research and analysis focuses on emerging market trends and provides actionable insights to help companies identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialist analysts, Technavio’s reporting library consists of over 17,000 reports and counts, spanning 800 technologies, spanning 50 countries. Their customer base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing customer base relies on Technavio’s comprehensive coverage, in-depth research, and actionable market intelligence to identify opportunities in existing markets and potentials and assess their competitive positions in changing market scenarios.

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