U.S Short-Term Vacation Rental Market Demand, Size and Outlook 2034
U.S Short-Term Vacation Rental Market Growth, Size, Trends Analysis - By Accommodation, By Booking Mode, By Location, By Customer - Regional Outlook, Competitive Strategies and Segment Forecast to 2034
| Published: Jul-2025 | Report ID: FMCG25119 | Pages: 1 - 180 | Formats*: |
| Category : Consumer & Retail | |||
U.S Short-Term Vacation Rental Market Introduction and Overview
According to SPER Market Research, the U.S Short-Term Vacation Rental Market is estimated to reach USD 144.05 billion by 2034 with a CAGR of 7.66%.
The report includes an in-depth analysis of the U.S Short-Term Vacation Rental Market, including market size and trends, product mix, Applications, and supplier analysis.The U.S Short-Term Vacation Rental market is expected to be worth USD 68.86 billion in 2024, with a CAGR of 7.66% between 2025 and 2034. Due to the strong surge in digital innovation and evolving consumer travel behavior, the U.S. short-term vacation rental sector has grown significantly in recent years. Advanced technologies, such as dynamic pricing algorithms, AI-powered guest screening, and automated property management systems, have streamlined operations and maximized revenue potential for hosts and operators. Enhanced user experience through contactless check-ins, smart home integration, and hyper-personalized guest services has further elevated the appeal of vacation rentals over traditional lodging. The sector’s growth is also driven by the increasing demand for flexible, home-like stays among remote workers, digital nomads, and families seeking extended or multi-generational travel experiences. Notably, the rise of experiential travel has pushed operators to differentiate their offerings through themed properties, local partnerships, and curated on-demand services.
By Accommodation Type Insights
Rental Homes have become a prominent segment within the industry, catering to a wide range of traveler preferences. These properties offer unique and personalized experiences, from cozy cabins in nature to spacious homes suitable for families and groups. Often equipped with full kitchens, private patios, and amenities like pools or game rooms, they provide a level of comfort and flexibility that appeals to modern travelers. The growing trend of remote work has further increased demand for these rentals, as more individuals seek accommodations that support longer stays and offer a comfortable, work-friendly environment while exploring new destinations.
By Booking Mode Insights
Online/platform Based Booking has become the dominant mode of reservation in the short-term vacation rental market. These platforms allow travelers to easily search, compare, and book accommodations with access to detailed descriptions, guest reviews, and real-time availability. The streamlined booking experience appeals to today’s tech-savvy consumers who value convenience, efficiency, and transparency in their travel planning. Added features such as secure payment systems, flexible cancellation policies, and round-the-clock customer support help build trust and reliability. The increasing reliance on mobile devices and travel apps has further fueled this shift, enabling travelers to make quick and informed decisions while on the move.
By Location Insights
Urban Rentals have emerged as the dominant sub-segment within the location-based categorization of the U.S. short-term vacation rental market. Apartment and condo rentals in major metropolitan areas such as New York City, San Francisco, Miami, and Chicago consistently attract high volumes of both business and leisure travelers. These cities benefit from strong year-round demand, driven by a constant influx of corporate visitors, tourists, event attendees, and international guests. The availability of diverse entertainment, dining, and cultural experiences further enhances the appeal of urban stays.
By Customer Insights
Families and Groups represent the dominant customer segment in the U.S. short-term vacation rental market. Their preference for spacious, fully equipped homes makes vacation rentals an ideal choice, offering greater comfort, privacy, and cost-efficiency compared to traditional hotels. These travelers often seek accommodations that include kitchens, multiple bedrooms, and recreational amenities, which cater to longer stays and shared experiences. The flexibility and home-like atmosphere of rental properties make them particularly attractive for multigenerational vacations, reunions, and extended family getaways, solidifying this segment’s leading position in the market.
By Region Insights
The U.S Short-Term Vacation Rental Market is separated into four regional segments: Northeast, Midwest, West, and South. The Southeastern region is currently leading the market. This is largely due to the presence of major Short-Term Vacation Rental companies, robust research and development (R&D) infrastructure, and high healthcare expenditure in these areas.
Market Competitive Landscape
The U. S Short-Term Vacation Rental Industry has major players, including, Airbnb, Inc, AvantStay Inc, Booking Holdings Inc, Expedia, Inc, Evolve Vacation Rental, Extended Stay America, NOVASOL, Sonder Holdings Inc, Vacasa LLC, and Wyndham Destinations, Inc. These companies compete fiercely with each other and local firms that have strong distribution networks and knowledge of suppliers and regulations. Extended Stay America Inc, commonly referred to as ESA, is a leading U.S.-based extended-stay hospitality company founded in 1995 and headquartered in Charlotte, North Carolina. Specializing in mid-priced, long-term accommodations, ESA operates a nationwide network of over 700 hotels through its core brand, as well as Premier Suites and Select Suites. Between a mix of company-owned and franchised locations, ESA serves both business and leisure travelers seeking flexible, home-like stays with a consistent focus on comfort, affordability, and personalized service. The company continues to expand its portfolio through new property development and franchise partnerships. With a growing emphasis on guest satisfaction and operational efficiency, ESA remains a key player in the extended-stay segment of the U.S. hospitality market.
Recent Developments:
- In January 2025: HomeToGo announced the acquisition of Interhome, a prominent European vacation rental management company, as part of its strategy to expand its portfolio and reinforce its presence in the European market. This acquisition is intended to enhance HomeToGo’s service capabilities and extend its reach to a broader and more diverse customer base.
- In January 2025: Casago, a vacation rental management company, acquired Vacasa, a leading name in the property management industry, to strengthen its market position and broaden its service offerings across diverse regions. This strategic acquisition is aimed at driving accelerated growth, expanding market presence, and enhancing operational efficiency for both organizations.
- In September 2024: Guesty acquired Rentals United, a leading property management platform, to strengthen its technology stack and expand its capabilities in managing short-term rental properties. This strategic move is designed to provide property managers with more integrated, scalable, and automated solutions, streamlining the management of multiple listings across various platforms.
- In February 2024, Vacation home rental startup ELIVAAS has secured $5 million in funding to scale its operations and expand its footprint in the rapidly growing short-term rental market. This investment will support the enhancement of ELIVAAS’s technology platform, enabling the company to deliver improved services to both property owners and travelers while driving innovation in rental management and guest experiences.
Scope of the report:
| Report Metric | Details |
| Market size available for years | 2021-2034 |
| Base year considered | 2024 |
| Forecast period | 2025-2034 |
| Segments covered | By Accommodation Type, By Booking Mode, By Location, By Customer |
| Regions covered | Northeast, Midwest, West, South |
| Companies Covered | Airbnb, Inc, AvantStay Inc, Booking Holdings Inc, Expedia, Inc, Evolve Vacation Rental, Extended Stay America, NOVASOL, Sonder Holdings Inc, Vacasa LLC, Wyndham Destinations, Inc. |
Key Topics Covered in the Report
- U.S Short-Term Vacation Rental Market Size (FY’2021-FY’2034)
- Overview of U.S Short-Term Vacation Rental Market
- Segmentation of U.S Short-Term Vacation Rental Market By Accommodation Type (Homes, Apartments, Condominium, Others)
- Segmentation of U.S Short-Term Vacation Rental Market By Booking Mode (Online/Platform Based Booking, Offline Booking)
- Segmentation of U.S Short-Term Vacation Rental Market By Location (Urban Rentals, Coastal & Mountains Retreats, Rural and Nature Retreats)
- Segmentation of U.S Short-Term Vacation Rental Market By Customer (Families & Groups, Business Travelers, Luxury Seekers)
- Statistical Snap of U.S Short-Term Vacation Rental Market
- Expansion Analysis of U.S Short-Term Vacation Rental Market
- Problems and Obstacles in U.S Short-Term Vacation Rental Market
- Competitive Landscape in the U.S Short-Term Vacation Rental Market
- Details on Current Investment in U.S Short-Term Vacation Rental Market
- Competitive Analysis of U.S Short-Term Vacation Rental Market
- Prominent Players in the U.S Short-Term Vacation Rental Market
- SWOT Analysis of U.S Short-Term Vacation Rental Market
- U.S Short-Term Vacation Rental Market Future Outlook and Projections (FY’2025-FY’2034)
- Recommendations from Analyst
1. Introduction
- 1.1. Scope of the report
- 1.2. Market segment analysis
2.Research Methodology
- 2.1.Research data source
- 2.1.1.Secondary Data
- 2.1.2.Primary Data
- 2.1.3.SPERs internal database
- 2.1.4.Premium insight from KOLs
- 2.2. Market size estimation
- 2.2.1.Top-down and Bottom-up approach
- 2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
- 4.1.Driver, Restraint, Opportunity and Challenges analysis
- 4.1.1.Drivers
- 4.1.2.Restraints
- 4.1.3.Opportunities
- 4.1.4.Challenges
5. Market variable and outlook
- 5.1.SWOT Analysis
- 5.1.1. Strengths
- 5.1.2. Weaknesses
- 5.1.3. Opportunities
- 5.1.4. Threats
- 5.2. PESTEL Analysis
- 5.2.1. Political Landscape
- 5.2.2. Economic Landscape
- 5.2.3. Social Landscape
- 5.2.4. Technological Landscape
- 5.2.5. Environmental Landscape
- 5.2.6. Legal Landscape
- 5.3. PORTERs Five Forces
- 5.3.1. Bargaining power of suppliers
- 5.3.2. Bargaining power of buyers
- 5.3.3. Threat of Substitute
- 5.3.4. Threat of new entrant
- 5.3.5. Competitive rivalry
- 5.4. Heat Map Analysis
6. Competitive Landscape
- 6.1. U.S Short-Term Vacation Rental Market Manufacturing Base Distribution, Sales Area, Product Type
- 6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in U.S Short-Term Vacation Rental Market
7. U.S Short-Term Vacation Rental Market, By Accommodation Type 2021-2034 (USD Million)
- 7.1. Homes
- 7.2. Apartments
- 7.3. Condominium
- 7.4. Others
8. U.S Short-Term Vacation Rental Market, By Booking Mode 2021-2034 (USD Million)
- 8.1. Online/Platform Based Booking
- 8.2. Offline Booking
9. U.S Short-Term Vacation Rental Market, By Location 2021-2034 (USD Million)
- 9.1. Urban Rentals
- 9.2. Coastal & Mountain Retreats
- 9.3. Rural and Nature Retreats
10. U.S Short-Term Vacation Rental Market, By Customer 2021-2034 (USD Million)
- 10.1. Families & Groups
- 10.2. Business Travelers
- 10.3. Luxury Seekers
11. U.S Short-Term Vacation Rental Market, 2021-2034 (USD Million)
- 11.1. U.S Short-Term Vacation Rental Market Size and Market Share
12. U.S Short-Term Vacation Rental Market, By Region, 2021-2034 (USD Million)
- 12.1. Northeast
- 12.2. Midwest
- 12.3. West
- 12.4. South
13. Company Profile
- 13.1. Airbnb, Inc
- 13.1.1. Company details
- 13.1.2. Financial outlook
- 13.1.3. Product summary
- 13.1.4. Recent developments
- 13.2. AvantStay Inc
- 13.2.1. Company details
- 13.2.2. Financial outlook
- 13.2.3. Product summary
- 13.2.4. Recent developments
- 13.3. Booking Holdings Inc
- 13.3.1. Company details
- 13.3.2. Financial outlook
- 13.3.3. Product summary
- 13.3.4. Recent developments
- 13.4. Expedia, Inc
- 13.4.1. Company details
- 13.4.2. Financial outlook
- 13.4.3. Product summary
- 13.4.4. Recent developments
- 13.5. Evolve Vacation Rental
- 13.5.1. Company details
- 13.5.2. Financial outlook
- 13.5.3. Product summary
- 13.5.4. Recent developments
- 13.6. Extended Stay America
- 13.6.1. Company details
- 13.6.2. Financial outlook
- 13.6.3. Product summary
- 13.6.4. Recent developments
- 13.7. NOVASOL
- 13.7.1. Company details
- 13.7.2. Financial outlook
- 13.7.3.Product summary
- 13.7.4. Recent developments
- 13.8. Sonder Holdings Inc
- 13.8.1. Company details
- 13.8.2. Financial outlook
- 13.8.3. Product summary
- 13.8.4. Recent developments
- 13.9. Vacasa LLC
- 13.9.1. Company details
- 13.9.2. Financial outlook
- 13.9.3. Product summary
- 13.9.4. Recent developments
- 13.10. Wyndham Destinations, Inc
- 13.10.1. Company details
- 13.10.2. Financial outlook
- 13.10.3. Product summary
- 13.10.4. Recent developments
- 13.11. Others
14. Conclusion
15. List of Abbreviations
16. Reference Links
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
Frequently Asked Questions About This Report
U.S Short-Term Vacation Rental Market is projected to reach USD 144.05 billion by 2034, growing at a CAGR of 7.66% during the forecast period.
U.S Short-Term Vacation Rental Market grew in Market size from 2025. The Market is expected to reach USD 144.05 billion by 2034, at a CAGR of 7.66% during the forecast period.
U.S Short-Term Vacation Rental Market CAGR of 7.66% during the forecast period.
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U.S Short-Term Vacation Rental Market size is USD 144.05 billion from 2025 to 2034.
U.S Short-Term Vacation Rental Market is covered By Accommodation Type, By Booking Mode, By Location, By Customer
The Southeastern Region is anticipated to have the highest Market share in the U.S Short-Term Vacation Rental Market.
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The report includes an in-depth analysis of the Global U.S Short-Term Vacation Rental Market, including market size and trends, product mix, Applications, and supplier analysis
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