About Vacation Rental
A vacation rental is an alternative lodging option, which involves the short-term rental of myriad properties, such as apartments, farm stays, private homes, cabins, beach houses, villas, cottages, or chalets to travelers and tourists. These dwelling units are offered on a nightly, weekly, or a monthly basis although the dominant practice in the market is renting it out weekly. They are also commonly referred to as holiday lettings, tourist rentals, bed and breakfast, homestays, and gites, among others. An essential attribute attached to a vacation rental is that it provides an authentic travel experience as they are commonly located within the community and provide the opportunity to take in the local flair and culture. The patterns and trends in the market have changed over time, and vacation rentals are increasingly becoming a part of the global temporary accommodation market.
Technavio’s analysts forecast the global vacation rental market to grow at a CAGR of 7.07% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global vacation rental market for 2017-2021. To calculate the market size, the report considers the revenue generated from vacation rentals.
The market is divided into the following segments based on geography:
• APAC
• Europe
• MEA
• Latin America
• North America
Technavio's report, Global Vacation Rental Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Key vendors
• Airbnb
• HomeAway
• TripAdvisor
• Wimdu
• Wyndham Worldwide
• World Travel Holdings
Other prominent vendors
• At Home Abroad
• OnlineVacationRentals.com
• priceline.com
• Rentalo
• Roomorama
• Villas International
Market driver
• Increased investment in vacation rental homes
• For a full, detailed list, view our report
Market challenge
• Low conversion rate of lead to transaction
• For a full, detailed list, view our report
Market trend
• Proliferation of vacation rental business services
• For a full, detailed list, view our report
Key questions answered in this report
• What will the market size be in 2021 and what will the growth rate be?
• What are the key market trends?
• What is driving this market?
• What are the challenges to market growth?
• Who are the key vendors in this market space?
• What are the market opportunities and threats faced by the key vendors?
• What are the strengths and weaknesses of the key vendors?
You can request one free hour of our analyst’s time when you purchase this market report. Details are provided within the report.
Table of Contents
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Market research methodology
• Research methodology
• Economic indicators
PART 04: Introduction
• Key market highlights
PART 05: Market landscape
• Global hotels and resorts market
• Global vacation rental market
• Five forces analysis
PART 06: Market segmentation by management
• Global vacation rental market by management
PART 07: Geographical segmentation
• Global vacation rental market by geography
• Vacation rental market in Europe
• Vacation rental market in North America
• Vacation rental market in APAC
• Vacation rental market in Latin America
• Vacation rental market in MEA
PART 08: Market drivers
• Rise of sharing economy
• Expansion of online distribution
• Increased investment in vacation rental homes
• Substantial saving opportunities
PART 09: Impact of drivers
PART 10: Market challenges
• Lack of proper regulations
• Low conversion rate of lead to transaction
• Inconsistency in quality
• Increase in short-term rentals affecting the long-term rentals
• Fraudulent vacation rental homes
PART 11: Impact of drivers and challenges
PART 12: Market trends
• Increased professionalism
• Proliferation of vacation rental business services
• New entrants from related industries
• Improved booking process
• Technological advancements
PART 13: Vendor landscape
• Competitive scenario
• Market vendor analysis
• Airbnb
• HomeAway
• TripAdvisor
• Wimdu
• 9flats
• Wyndham Worldwide
• World Travel Holdings
• Other prominent vendors
PART 14: Other prominent vendors
PART 15: Appendix
• List of abbreviations
PART 16: Explore Technavio
List of Exhibits
Exhibit 01: Standard conversion rates used in the report
Exhibit 02: Vacation rental market ecosystem
Exhibit 03: Reasons for choosing a vacation rental home 2016
Exhibit 04: Reasons that deter choosing a vacation rental home 2016
Exhibit 05: Insight into the vacation rental customer 2016
Exhibit 06: Activities preferred at vacation rentals by rank 2016
Exhibit 07: Global vacation rental market
Exhibit 08: Funding in various vacation rental companies
Exhibit 09: Acquisition of various vacation rental companies
Exhibit 10: Global vacation rental market 2016-2021 ($ billions)
Exhibit 11: Five forces analysis
Exhibit 12: Vacation rental market by management 2016
Exhibit 13: International tourist arrivals 2014-2015
Exhibit 14: Global vacation rental market share by geography 2016 (%)
Exhibit 15: Growth in tourist arrivals in various parts of Europe 2015 (%)
Exhibit 16: Short-term rental market in Europe (millions)
Exhibit 17: Vacation rental market in Europe 2016-2021 ($ billions)
Exhibit 18: High and low rental price in few European countries for one guest per day
Exhibit 19: Vacation rental facts in the US 2016
Exhibit 20: Vacation rental market in North America 2016-2021 ($ billions)
Exhibit 21: Vacation rental market in APAC 2016-2021 ($ billions)
Exhibit 22: Vacation rental market in Latin America 2016-2021 ($ billions)
Exhibit 23: Vacation rental market in MEA 2015-2021 ($ billions)
Exhibit 24: Global vacation rental market by geography 2016-2021 ($ billions)
Exhibit 25: Global mode of booking vacation rental 2010-2013
Exhibit 26: Global online share of vacation rental booking 2007-2014
Exhibit 27: Use of vacation rental income
Exhibit 28: Savings done by traveler during vacation rental
Exhibit 29: Impact of drivers
Exhibit 30: Source of reservations in 2014
Exhibit 31: Increasing share of host revenue from units booked as private short-term rentals 2010 and 2015
Exhibit 32: Impact of drivers and challenges
Exhibit 33: Global vacation rental market by vendor segmentation 2016
