Short Term Rental Solution Market by End-User, by Applications, by Type, by Deployment & by Technology 2032
Short Term Rental Solution Market was valued at USD 89.3 Billion in 2022 and is projected to reach USD 113.4 Billion by 2030, growing at a CAGR of 3.4% from 2024 to 2030.
Short Term Rental Solution Market Size and Opportunity Analysis
The global short term rental solution market was valued at approximately USD 100 billion in 2022 and is projected to grow at a compound annual growth rate (CAGR) of around 8.5% from 2023 to 2028. This robust growth is attributed to the increasing consumer preference for flexible, short-term lodging options and the expansion of digital platforms facilitating easy access to rental properties. The market's upward trajectory is driven by the rising trend of remote work, which has led to a surge in temporary housing requirements. Additionally, the growth of tourism and travel activities globally is expected to bolster market expansion, as travelers seek more personalized and cost-effective accommodation solutions.
Emerging markets, particularly in regions like Southeast Asia, Latin America, and parts of Africa, present significant opportunities for growth due to rising middle-class populations and increasing internet penetration. These regions are witnessing a surge in demand for short-term rental options as urbanization and disposable incomes rise. The market dynamics are further influenced by technological advancements, including the integration of artificial intelligence and machine learning in rental platforms, which enhance user experience and operational efficiency. The ongoing evolution in consumer preferences towards unique and local experiences is also likely to drive market growth and create new opportunities for stakeholders in the short-term rental industry.
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Who are the largest Global manufacturers in the Short Term Rental Solution industry?
- Hostaway
- Lodgify
- Guesty
- LiveRez
- BookingSync
- Kigo
- Escapia
- DoorLoop
- iGMS
- GovOS
- CiiRUS
- Avenu
- NOLA Solution
- Evergreen Investments
- Carriage House
- Goldnest
- Utah Management
- Opago
- Onefinestay
- Luxury Property Care
- Extenteam
- Hapeville
- Midwest Corporate Living
- Trusted Homes
- Parsons
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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What are the factors driving the growth of the Global Short Term Rental Solution Market?
Growing demand for below applications around the world has had a direct impact on the growth of the Global Short Term Rental Solution Market
- Personal
- Enterprise
What are the types of Short Term Rental Solution available in the Market?
Based on Types the Market is categorized into Below types that held the largest Short Term Rental Solution market share In 2023.
- Software
- Service
Which regions are leading the Global Short Term Rental Solution Market?
- Global (United States, Global and Mexico)
- Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
- Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
- South America (Brazil, Argentina, Columbia, etc.)
- Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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Detailed TOC of Global Short Term Rental Solution Market Research Report, 2024-2032
1. Introduction of the Global Short Term Rental Solution Market
- Overview of the Market
- Scope of Report
- Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
- Data Mining
- Validation
- Primary Interviews
- List of Data Sources
4. Global Short Term Rental Solution Market Outlook
- Overview
- Market Dynamics
- Drivers
- Restraints
- Opportunities
- Porters Five Force Model
- Value Chain Analysis
5. Global Short Term Rental Solution Market, By Type
6. Global Short Term Rental Solution Market, By Application
7. Global Short Term Rental Solution Market, By Geography
- Global
- Europe
- Asia Pacific
- Rest of the World
8. Global Short Term Rental Solution Market Competitive Landscape
- Overview
- Company Market Ranking
- Key Development Strategies
9. Company Profiles
10. Appendix
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