Vacation Rental Market 2020-2024 | Adoption Of Effective Promotional Strategies to Boost Growth | Technavio

NEW YORK, Aug. 11, 2021 /PRNewswire/ — Technavio has been monitoring the vacation rental market and it is poised to grow by USD 62.97 bn during 2020-2024, progressing at a CAGR of 7% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. Airbnb Inc., Booking Holdings Inc., Expedia Group Inc., and  TripAdvisor Inc., are some of the prominent vacation rental market players.

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The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. The adoption of effective promotional strategies will offer immense growth opportunities. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments. Instant bookings and the rapid growth of online booking are some of the other factors anticipated to boost the vacation rental market growth positively during the forecast period.

Vacation Rental Market 2020-2024: Segmentation

Vacation Rental Market is segmented as below:

  • Management
    • Managed By Owners
    • Professionally Managed
  • Geographic Landscape
    • APAC
    • Europe
    • MEA
    • North America
    • South America

Vacation rental market managed by owners led the market in 2019. This segment is expected to lead the market during the forecast period. In addition, this report offers meticulously researched actionable insights on the emerging and potential regional markets as well. 37% of the growth originated from Europe with Spain, France, and Italy being the key contributing economies.

To learn more about the global trends impacting the future of market research, Fetch our Report Right Here:

Related Reports on Consumer Discretionary Include:

Online On-demand Home Services Market in Malaysia by Service and Platform – Forecast and Analysis 2021-2025

Business Travel Market by Expenditure, Age, Application, and Geography – Forecast and Analysis 2021-2025

Vacation Rental Market 2020-2024: Scope

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. Our vacation rental market report covers the following areas:

  • Vacation Rental Market size
  • Vacation Rental Market trends
  • Vacation Rental Market industry analysis

Vacation Rental Market 2020-2024: Vendor Analysis

We provide a detailed analysis of around 25 vendors operating in the vacation rental market including Pte Ltd., Hotelplan Holding AG, MakeMyTrip Pvt. Ltd., NOVASOL AS, Oravel Stays Pvt. Ltd., and Wyndham Destinations Inc. Backed with competitive intelligence and benchmarking, our research report on the vacation rental market is designed to provide entry support, customer profile and M&As as well as go-to-market strategy support.

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Vacation Rental Market 2020-2024: Key Highlights

  • CAGR of the market during the forecast period 2020-2024
  • Detailed information on factors that will assist vacation rental market growth during the next five years
  • Estimation of the vacation rental market size and its contribution to the parent market
  • Predictions on upcoming trends and changes in consumer behavior
  • The growth of the vacation rental market
  • Analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of vacation rental market vendors

Table of Content

1. Executive Summary                                                           

2. Scope of the report                                                           

3. Market Landscape                                                                                                             

Exhibit 01:  Parent market                                        

Exhibit 02:  Market characteristics                                         

3.1 Market ecosystem                                             

3.2 Market characteristics                                      

3.3 Market segmentation analysis                      

2.2.1 Input                                      

4. Market Sizing                                                       

4.1 Market definition                               

4.2 Market sizing 2019                                              

4.3 Market size and forecast 2019-2024                                                                                            

5. Five Forces Analysis                                                          

5.1 Five Forces Summary                                        

Exhibit 09:  Five forces analysis 2019 & 2024                                     

5.2 Bargaining power of buyers                                           

5.3 Bargaining power of suppliers                                       

5.4 Threat of new entrants                                    

5.5 Threat of substitutes                                         

5.6 Threat of rivalry                                   

5.7 Market condition                                

Market condition – Five forces 2020                                                                                       

6. Customer landscape                                                                                                         

Technavio’s customer landscape matrix comparing Drivers or price sensitivity, Adoption lifecycle, importance in customer price basket, Adoption rate and Key purchase criteria                     

Exhibit 31:  Customer landscape                                            

Customer landscape analysis                                                                                   

7. Geographic landscape                                                      

By geography, the global vacation rental market has been segmented into Europe, North America, APAC, MEA, and South America. The 5 regions have been ranked based on their market size in 2019. Europe ranked first as the largest region, while South America was the smallest region in 2019. In 2024, the 5 regions will maintain their position as that of 2019. This is indicative of limited changes in the geographical composition of the market, given that the ranking of no region will change by 2024.

Buy the report now to obtain meticulously researched actionable insights on the emerging and potential regional markets.            

7.1 Geographic segmentation                               

Exhibit 33: Market share by geography 2019-2024 (%)                                 

7.2 Geographic comparison                                   

Exhibit 34:  Geographic comparison                                      

7.3 Europe – Market size and forecast 2019-2024                                          

Exhibit 37:  Europe – Year-over-year growth 2020-2024 (%)                                        

7.4 North America – Market size and forecast 2019-2024                                           

Exhibit 38:  North America – Market size and forecast 2019-2024 ($ billions)                       

Exhibit 39:  North America – Year-over-year growth 2020-2024 (%)                                         

7.5 APAC – Market size and forecast 2019-2024                                              

Exhibit 40:  APAC – Market size and forecast 2019-2024 ($ billions)                                          

Exhibit 41:  APAC – Year-over-year growth 2020-2024 (%)                                           

7.6 MEA – Market size and forecast 2019-2024                                               

Exhibit 42:  MEA – Market size and forecast 2019-2024 ($ billions)                                           

Exhibit 43:  MEA – Year-over-year growth 2020-2024 (%)                                             

7.7 South America – Market size and forecast 2019-2024                                           

Exhibit 44:  South America – Market size and forecast 2019-2024 ($ billions)                       

Exhibit 45:  South America – Year-over-year growth 2020-2024 (%)                                         

7.8 Key leading countries                                        

Exhibit 46:  Key leading countries                                          

7.9 Market opportunity by geography                               

Exhibit 47:  Market opportunity by geography ($ million)                                             

Exhibit 48: Market opportunity                                                                               

8.  Market segmentation by management                                                   

The 2 segments have been ranked based on their market size in 2019. Managed by owners constituted the largest segment in 2019, while the smallest segment was professionally managed. The 2019 market position of all the both the segments will likely remain the same in 2024. The ranking of none of the segments will change by 2024 this indicates that the market composition will see limited changes.        

Buy the vacation rental market forecast report for exhaustive analytical data on the segmentations.                    

8.1 Comparison by management                                         

8.2 Managed by owners – Market size and forecast 2019-2024                                

8.3 Professionally managed – Market size and forecast 2019-2024                                         

8.4 Market opportunity by management                                                                                         

9.  Decision framework                                                         

Exhibit 57: Decision framework                                                                                              

10.  Drivers and challenges                                                 

10.1  Market drivers                                 

Exhibit 58:  International tourist arrivals 2011-2016 (millions)                                   

10.2  Market challenges                                          

Exhibit 59: Impact of drivers and challenges                                      

11.  Market trends                                                  

11.1  Instant bookings                                              

11.2  Rapid growth of online booking                                

11.3  Adoption of effective promotional strategies                                      

11.4  Other trends                                                                     

12. Vendor Landscape                                                           

12.1  Overview                                           

12.2  Vendor landscape                                           

12.3  Landscape disruption                                    

Analysis of Criticality of inputs and Factors of differentiation                                     

Competitive scenario                                  

12.4  Landscape disruption                                    

Technavio’s Analysis on the impact of Disruption Threats by comparing Disruptive sources and Factors driving disruption                                            

Industry risks                                  

13.  Vendor Analysis                                                              

13.1  Vendors covered                                            

13.2  Market positioning of vendors                                  

13.3 Pte Ltd.                                          

  • Overview                                         
  • Business Segments                                      
  • Key Offering                                   
  • Segment Focus                                              

13.4  Airbnb Inc.                                         

  • Overview                                         
  • Business Segments                                      
  • Key Offering                                   
  • Segment Focus                                              

13.5  Booking Holdings Inc.                                    

  • Overview                                         
  • Business Segments                                      
  • Key Offering                                   
  • Segment Focus                                              

13.6  Expedia Group Inc.                                         

  • Overview                                         
  • Business Segments                                      
  • Key Offering                                   
  • Segment Focus                                              

13.7  Hotelplan Holding AG                                    

  • Overview                                         
  • Business Segments                                      
  • Key Offering                                   
  • Segment Focus                                              

13.8  MakeMyTrip Pvt. Ltd.                                    

  • Overview                                         
  • Business Segments                                      
  • Key Offering                                   
  • Segment Focus                                              

13.9  NOVASOL AS                                     

  • Overview                                         
  • Business Segments                                      
  • Key Offering                                   
  • Segment Focus                                              

13.10 Oravel Stays Pvt. Ltd.                                    

  • Overview                                         
  • Business Segments                                      
  • ]Key Offering                                   
  • Segment Focus                                              

13.11 TripAdvisor Inc.                                               

  • Overview                                         
  • Business Segments                                      
  • Key Offering                                   
  • Segment Focus                                              

13.12 Wyndham Destinations Inc.                                       

  • Overview                                         
  • Business Segments                                      
  • Key Offering                                   
  • Segment Focus                                                                                              

14. Appendix                                                            

14.1 Scope of the report                                        

14.1.1 Market definition                            

14.1.2 Objectives                         

14.1.3 Notes and Caveats                                                          

14.2  Currency conversion rates for US$                                           

14.3  Research methodology                                

14.4  List of abbreviations           

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