Vacation rental market to grow by USD 84.41 Bn: Specialized consumer services market is the parent market - Technavio
NEW YORK, Dec. 7, 2022 /PRNewswire/ -- The global vacation rental market has been categorized as a part of the global specialized consumer services market. The parent market, the global specialized consumer services, covers revenue generated by the consumer service providers, including residential services, home security services, legal services, personal services, renovation and interior design services, consumer auction services, wedding services, and funeral services.
The vacation rental market size is forecast to grow by USD 84.41 billion, at a CAGR of 8.54% between 2022 and 2027, according to Technavio, Download a sample
Vacation rental Market 2022-2026: Scope
The vacation rental market report covers the following areas:
Vacation rental market 2022-2026: Vendor Landscape
The global vacation rental market is fragmented due to the presence of many established and regional vendors. International players are focused on increasing their market footprint. To survive in the growing competition, regional players are diligently utilizing their resources. The competitive environment in the global vacation rental market is likely to increase further during the forecast period with increased 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 some of the major market participants.
Vacation rental market 2022-2026: Competitive Analysis
The competitive scenario categorizes companies based on various performance indicators. Some of the factors considered include the financial performance of companies, growth strategies, product innovations, new product launches, investments, and growth in market share among others. Buy the Report
Vacation rental Market 2022-2026: Segmentation
The managed by owners segment held the largest share of the market in 2022. Most players in this segment are small private hotels and resort landlords 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 account for 37% of the market's growth during the forecast period. The presence of several established players, the rise in the number of new startups, and increased funding from high-profile investors are driving the growth of the regional market. In addition, the increased customer awareness towards rental vacation services and a rise in the number of tourists who want to stay in vacation rentals instead of hotel rooms are contributing to the growth of the vacation rental market in Europe.
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What are the key data covered in this vacation rental market report?
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Table of contents:
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Management
7 Market Segmentation by Mode of Booking
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
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