"An international  Vacation Rental Market report is a precise study of the Vacation Rental Market industry which explains what the market definition, classifications, applications, engagements, and global industry trends are. The report makes it effortless to identify the types of consumers, their response and views about particular products, their thoughts for the improvement of a product and appropriate method for the distribution of certain product. The wide ranging Vacation Rental Market business report endows with the abundant insights and business solutions that will help attain the new horizons of success. Well, for better decision making, sustainable growth, and maximum revenue generation today’s businesses call for such comprehensive market research report.

Vacation Rental Market report gives clear idea about the market potential for each geographical region based on the growth rate, macroeconomic parameters, consumer buying patterns, possible future trends, and market demand and supply scenarios. By completely understanding client’s requirements and following them strictly, this market research report has been structured. The use of newest and advanced tools and techniques used for this report makes it the finest in the class. With the winning Vacation Rental Market document, it becomes easy to gather Vacation Rental Market industry information more quickly. This report helps to stay on the right path by making to focus on the data and realities of the industry.

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As per the analysis of Copyrise, around 200,000 million global tourists are millennials and they expend about USD 180 billion on travel every year. Moreover, it has been witnessed that while traveling with family, consumers consider several factors for choosing a vacation rental for amenities and comfort. The “home segment” is expected to be the fastest growing accommodation segment due to the high popularity of homes among travellers because of its safety, space availability and amenities.

Data Bridge Market Research analyses that the vacation rental market was valued at USD 78.86 billion in 2022 and is expected to reach USD 123.81 billion by 2030, registering a CAGR of 5.80% during the forecast period of 2023 to 2030. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and consumer behaviour.

Vacation Rental Market Scope and Segmentation

Market Definition

A vacation rental is temporarily renting out a furnished house, apartment or professionally managed resort-condominium complex to travellers and tourists. Vacation rental is an alternative to a hotel. The term vacation rental is mostly used in the US. Other terms used are holiday homes, self-catering rentals, holiday lets, cottage holidays and gites

Global Vacation Rental Market Dynamics

Drivers

• Increasing inclination towards vacation rental property

Travelers are more inclined towards the vacation rental property in the market over hotels due to the comfort, more privacy, low cost, and pet-friendly nature of the accommodation. Low cost compared to hotel accommodation with comparable amenities drives consumers' inclination towards vacation rental property. For instance, according to the survey of Turnkey Vacation in 2019, 64% of travellers prefer staying in vacation rentals to hotels.

• Increasing trend of transformational travel

The growing trend of transformational travel surrounding wellness trips to restore balance and transform the spirit, mind and body is anticipated to drive the market growth during the forecast period. According to a blog of Hospitality Net, usual holidays such as sand, sun, sea, skiing, sightseeing, and shopping are likely to be high in demand. Furthermore, a higher preference for domestic travel than international travel is expected to increase the demand for domestic vacation rental business all over the globe.

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The vacation rental market is segmented on the basis of accommodation, booking mode, location type, end user and price point. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Accommodation

• Home
• Apartments
• Resort/Condominium
• Others

Booking Mode

• Online
• Offline

Location Type

• Resort Area
• Rural Area
• Small Town
•  Others

End User

• Gen Z
• Millennials
• Gen X
• Boomers

 Price Point

• Economic
• Mid-Range
• Luxury

Table of Contents for a Vacation Rental Market Research Article:

1. Introduction
   • Background and Overview
   • Objective of the Study
   • Scope of the Vacation Rental Market Research
2. Methodology
   • Data Collection
   • Data Analysis
   • Research Approach
   • Sampling Techniques
   • Research Instruments
3. Executive Summary
   • Key Findings
   • Vacation Rental Market Overview
   • Vacation Rental Market Trends and Insights
4. Vacation Rental Market Overview
   • Vacation Rental Market Definition
   • Vacation Rental Market Segmentation
   • Vacation Rental Market Size and Growth Rate
   • Vacation Rental Market Dynamics
     • Drivers
     • Restraints
     • Opportunities
   • Porter's Five Forces Analysis
5. Vacation Rental Market Trends and Insights
   • Emerging Technologies
   • Consumer Behavior and Preferences
   • Regulatory Landscape
   • Competitive Analysis
6. Vacation Rental Market Segmentation
   • Product Type
   • Application
   • Region
   • End-User
   • Other Relevant Segments
7. Regional Analysis
   • North America
   • Europe
   • Asia Pacific
   • Latin America
   • Middle East and Africa
8. Competitive Landscape
   • Vacation Rental Market Share Analysis
   • Key Players Profiles
   • Company Overview
   • Product Portfolio
   • Financial Performance
   • Recent Developments

Download the Complete Table of Contents @ https://www.databridgemarketresearch.com/toc/?dbmr=global-vacation-rental-market

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