Vacation Rental Market | Market Highlights and Insights to Recovery from COVID-19
Market Recovery and Growth Projections 2020-2024

The vacation rental market is expected to grow by $ 62.97 billion, accelerating at a CAGR of almost 7% during the forecast period. Technavio’s research report traces the growth trajectory of the market and provides a detailed analysis of the prevalent market forces, trends, and drivers which are likely to impact the market in focus.

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Vacation Rental Market: Segments and Leading  Regions

This research report will provide insights into the current market share of each segment along with growth projections for the next five years.

• The report segments the market by Geographic Landscape (APAC, Europe, MEA, North America, and South America). Each market segment is analyzed for past performance leading to future growth projections based on current market scenario.
• The Europe region emerged as the leading segment in recent years. 37% of the market growth will originate from Europe during the forecast period. This report provides an accurate prediction of the contribution of all the geographic segments to the growth of the Vacation Rental Market size.

Vacation Rental Market: Top Trends, Drivers, Challenges to drive Market Recovery

The research report looks at the impact of various trends, drivers, and challenges for market growth during the forecast period. These insights will enable clients to design a growth strategy for their business and area of operations.

• A significant factor in driving the growth of the Vacation Rental Market will be the adoption of effective promotional strategies.
• Growing tourism industry and the increasing popularity of short-term rental properties will be instrumental in driving market growth during the forecast period.
• The trend of instant bookings will positively impact the growth of the global vacation rental market as such booking processes are associated with minimal or zero wait time. 

Vacation Rental Market: Vendor Analysis

• The market is fragmented.
• The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions.
• 9flats.com Pte Ltd., Airbnb Inc., Booking Holdings Inc., Expedia Group Inc., Hotelplan Holding AG, MakeMyTrip Pvt. Ltd., NOVASOL AS, Oravel Stays Pvt. Ltd., TripAdvisor Inc., and Wyndham Destinations Inc. are some of the major market participants.

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The report provides insights into the following FAQs:

1. What is the market CAGR?
   The market is accelerate at a CAGR of almost 7%.
    
2. What is the incremental growth of the market?
   The market is expected to grow by $ 62.97 bn through 2020-2024.
    
3. What is a key factor driving this market?
   adoption of effective promotional strategies will drive market growth over the forecast period.
    
4. What are the key regions covered in this market research report?
   North America, APAC, Europe, South America, and MEA are the key regions featured in this research report.
    
5. Which is the leading geographic region for this market:
   37% growth will originate from Europe
    
6. Who are the leading market vendors?
   The leading vendors in this market are 9flats.com Pte Ltd., Airbnb Inc., Booking Holdings Inc., Expedia Group Inc., Hotelplan Holding AG, MakeMyTrip Pvt. Ltd., NOVASOL AS, Oravel Stays Pvt. Ltd., TripAdvisor Inc., and Wyndham Destinations Inc.
    
7. What are the market segments covered in this report?
   The market is segmented by Geographic Landscape (APAC, Europe, MEA, North America, and South America)