Europe Vacation Rental Market 2030: Navigating the Shift to Online Platforms
Europe Vacation Rental Market Trends The Europe vacation rental market size was estimated at USD 30.70 billion in 2023 and is expected to grow at a compound annual growth rate (CAGR) of 3.0% from 2024 to 2030. The millennial generation's growing spending on travel, holidays, and lodging is propelling the market's expansion. Since vacation rental homes are more economical, provide more comfort and privacy than hotels, and are suitable for families with children and pets, they are preferred by travelers over hotels. The Europe vacation rental market accounted for 34.4% share of the global vacation rental market revenue in 2023. Due to lockdowns and travel restrictions, the vacation rental business only began to shrink following the COVID-19 epidemic, which saw a sharp increase in recent years. Prior to the pandemic, there was an increase in travel and a growing desire among consumers to have more luxurious and homelike holidays, which fueled the expansion of the vaca...