Vacation Rental Market Analysis

Accommodation (Apartments, Homes, Resorts, and Others)

Homes segment is projected to hold over 49.5% vacation rental market share by the end of 2037. Homes offer flexibility and comfort to vacationers with much privacy, which is highly desirable compared to other modes of vacation rentals, especially for families and large groups. In March 2023, Zumper introduced Vacations by Zumper, which shows how companies invest in services to make managing home rentals easier. Moreover, extended stays and work-from-anywhere have the potential to continue boosting the demand for homes for leisure and work purposes.

Booking Mode (Offline and Online)

By the end of 2037, offline segment is expected to hold over 72% vacation rental market share. The offline mode continues to play an important role in regions with limited internet facilities or when travelers may want to opt for the traditional ways of making bookings. In May 2023, MakeMyTrip Pvt. Ltd. partnered with Microsoft to provide voice-assisted booking in various Indian languages, entailing the deep interaction of digital with offline services to make the booking processes reach a wide demography of consumers.

Our in-depth analysis of the vacation rental market includes the following segments: