Vacation Rental Market Size – Statistics and Analysis 2023-2027
The vacation rental market is expected to grow at a CAGR of 8.54% between 2022 and 2027 as per the Technavio research analysis. This market research statistic predicts market size growth by USD 84.41 billion. This expected incremental growth momentum bring in a positive outlook for the market and the respective investors and they will further strengthen vendors’ position in the vacation rental market.
Upon thorough analysis, our researchers found that the growing tourism industry and the increasing popularity of short-term rental properties are emerging as one of the key market drivers which is responsible for the vacation rental market growth, although factors such as risks associated with fraudulent vacation rental houses, apartments, and homestays may impede the market growth.
Our research analysts carefully study and analyze market data for years, considering 2022 as the base year and 2023 as the estimated year and conclude a comprehensive report which consists of upcoming market trends, key market drivers, various market challenges and much more.
Major Market Insights and Data Covered in the Full Market Report:
- Prospective CAGR analysis during the forecast period 2023-2027
- Detailed analysis and relevant market information on various factors that will affect vacation rental market growth during the forecast period
- Parent market analysis along with precise estimation of the vacation rental market size
- Accurately concluded market predictions on upcoming trends and changes in consumer behavior
- Vacation rental market industry growth across Europe, North America, APAC, Middle East and Africa, and South America
- Market’s competitive landscape analysis and detailed information on various vacation rental market vendors
Apart from the above statistic, the full vacation rental market analysis report provides a thorough analysis on different market segments, vendors, market growth and size etc. Furthermore, our analysts have also indicated actionable market insights on each market segment, which turns out to be the crucial parameter to predict upcoming changes in consumer demand. To get the holistic analysis and market data, request for FREE sample of the report now!
