North America Vacation Rental Market was valued at USD 10.17 Billion in 2022 and is projected to reach USD 20.78 Billion by 2030, growing at a CAGR of 9.5% from 2024 to 2030.
The North American vacation rental market has seen tremendous growth over the past decade, with industry trends pointing towards even more expansion in the coming years. One of the key driving forces behind this surge is the increasing demand for alternative accommodations such as private homes, apartments, and condos for travelers. This shift reflects a desire for more personalized, comfortable, and often more affordable stays compared to traditional hotels. In 2023, the market size for vacation rentals in North America was valued at over $30 billion and is expected to continue growing by 5% annually.
Businesses in the travel and tourism industry, including online travel agencies (OTAs) like Airbnb, Vrbo, and Booking.com, have capitalized on this demand. These platforms serve as crucial intermediaries, connecting vacation property owners with prospective travelers. Additionally, the growing number of work-from-home opportunities has given rise to longer stays, particularly in urban and semi-rural areas, further contributing to market growth.
Another notable trend is the shift towards tech-driven solutions. Property managers and owners are increasingly relying on advanced booking systems, mobile apps, and AI-powered tools to enhance customer experiences, streamline operations, and improve profitability. Moreover, sustainability has become a key requirement, with vacation rental businesses facing pressure from both consumers and regulatory bodies to adopt eco-friendly practices, such as using energy-efficient appliances and reducing waste.
For property owners, compliance with local regulations is essential. In many cities across North America, vacation rental laws are becoming stricter, requiring registration, licensing, or adherence to zoning laws. Ensuring transparency and following legal protocols is crucial to avoid fines and potential shutdowns.
The North American vacation rental market remains a dynamic sector that combines technological advancements, evolving consumer preferences, and shifting industry standards. Understanding these market demands is essential for businesses aiming to succeed in this rapidly growing space. North America Vacation Rental Market.
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9Flats
Airbnb
Booking Holdings
Expedia
TripAdvisor
Wyndham Destinations
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the North America Vacation Rental Market
Travel Industry
Commercial
Others
Based on Types the Market is categorized into Below types that held the largest Vacation Rental market share In 2023.
Apartment Rental
Private Home Rental
Others
North America (United States, North America and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the North America Vacation Rental Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. North America Vacation Rental Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. North America Vacation Rental Market, By Type
6. North America Vacation Rental Market, By Application
7. North America Vacation Rental Market, By Geography
North America
Europe
Asia Pacific
Rest of the World
8. North America Vacation Rental Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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