GITNUXREPORT 2025

Vacation Rental Industry Statistics

Global vacation rental market valued at $87.09 billion in 2021, growing steadily.

Jannik Lindner

Jannik Linder

Co-Founder of Gitnux, specialized in content and tech since 2016.

First published: April 29, 2025

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Key Statistics

Statistic 1

The average daily rate (ADR) for vacation rentals in the US is approximately $180

Statistic 2

Host earnings on Airbnb in the US reached over $15 billion in 2022

Statistic 3

Vacation rentals have a higher return on investment (ROI) than traditional real estate properties, with average ROI around 20-25%

Statistic 4

About 40% of vacation rental hosts earn less than $10,000 annually, indicating a large segment of casual hosts

Statistic 5

The average cancellation rate for vacation rentals worldwide is approximately 10%

Statistic 6

Vacation rental revenues increased by 35% in 2022 compared to 2021, indicating rapid industry recovery post-pandemic

Statistic 7

The average occupancy rate for vacation rentals in peak season is around 70%, while in off-peak season it drops to around 40%

Statistic 8

The global vacation rental industry employs over 1 million people directly and indirectly, across various sectors including hospitality, cleaning, and maintenance

Statistic 9

In 2023, the average cleaning fee for vacation rentals worldwide is approximately $50 per booking, impacting overall costs

Statistic 10

Vacation rentals generate about 65% more revenue per booking than traditional hotels in comparable locations, on average

Statistic 11

The easiest way for hosts to increase occupancy is through strategic pricing and flexible cancellation policies, according to industry surveys

Statistic 12

Vacation rental owners report an average annual maintenance cost of about 10% of rental income, highlighting ongoing expenses

Statistic 13

The global vacation rental market was valued at approximately $87.09 billion in 2021

Statistic 14

The vacation rental industry is expected to grow at a compound annual growth rate (CAGR) of 3.4% from 2022 to 2030

Statistic 15

Airbnb alone has over 4 million listings worldwide as of 2023

Statistic 16

The top three countries with the most vacation rental listings are the USA, France, and Spain

Statistic 17

The Asian-Pacific region is experiencing the fastest growth rate in vacation rental bookings, with a CAGR of 6.2% from 2017-2022

Statistic 18

Airbnb hosts in the U.S. have an average of 11.2 listings per host, indicating many hosts manage multiple properties

Statistic 19

Vacation rental listings in urban areas make up approximately 60% of total listings worldwide, due to business and leisure travel trends

Statistic 20

During major holidays, hotel occupancy rates tend to drop slightly while vacation rentals see an increase in bookings

Statistic 21

Eco-friendly vacation rentals are growing in popularity, with about 20% of listings advertising sustainable practices

Statistic 22

Vacation rental seasonality varies, with peak months typically from June to August in the northern hemisphere, and December to February in the southern hemisphere

Statistic 23

Destination cities like London, Paris, and New York see the highest number of vacation rental bookings, accounting for over 45% of global bookings

Statistic 24

Digital platforms like Airbnb, Vrbo, and Booking.com account for over 95% of vacation rental bookings, demonstrating industry consolidation

Statistic 25

Booking cancellations for vacation rentals tend to be highest in the 2 weeks prior to the reservation date, often around 15%, indicating last-minute changes

Statistic 26

Vacation rental platforms offer host protection policies that cover damages up to $1 million in many cases, providing security for hosts

Statistic 27

The rise of remote work has increased the demand for longer stays in vacation rentals, with 35% of bookings in 2022 being for stays longer than 14 days

Statistic 28

The growth of vacation rentals in rural areas has outpaced urban areas, with a CAGR of 5.5% from 2017-2022, indicating diversification

Statistic 29

Insurance options for vacation rental hosts are expanding, with over 60% of hosts purchasing specialized host insurance policies

Statistic 30

The most popular amenities in vacation rentals are Wi-Fi, air conditioning, and a fully equipped kitchen

Statistic 31

The most common type of properties listed as vacation rentals are apartments and houses, accounting for over 75% of listings

Statistic 32

The share of vacation rentals listed as entire homes or apartments is 90%, indicating a preference for private spaces

Statistic 33

The use of smart home technology in vacation rentals is increasing, with about 30% of listings featuring smart locks, cameras, or thermostats

Statistic 34

Vacation rental platforms are increasingly implementing AI-driven pricing algorithms to optimize revenue, with 40% of listings using such tools in 2023

Statistic 35

Over 50% of travelers prefer vacation rentals over traditional hotels

Statistic 36

The average length of stay in vacation rentals is 4.3 nights

Statistic 37

35% of vacation rental bookings are made within a week of the stay

Statistic 38

The majority of vacation rental travelers are couples or families, accounting for around 70%

Statistic 39

Approximately 45% of vacation rental bookings are made from mobile devices

Statistic 40

Millennials make up approximately 53% of vacation rental travelers

Statistic 41

60% of guests believe that vacation rentals offer more privacy than hotels

Statistic 42

The majority of vacation rental bookings are for leisure travel, accounting for over 80%

Statistic 43

Pets are allowed in about 30% of vacation rentals, addressing the rising demand for pet-friendly accommodations

Statistic 44

Over 72% of travelers consider vacation rentals to offer better value for money than hotels

Statistic 45

Globally, the most searched for vacation rental destinations are Bali, Paris, and New York City, with Bali ranked as the top destination in 2023

Statistic 46

The average guest review score for vacation rentals is 4.7 out of 5, indicating high customer satisfaction levels

Statistic 47

Vacation rental bookings made at least 30 days in advance account for roughly 50% of total bookings, reflecting planning behaviors

Statistic 48

The average length of stay in beach vacation rentals is slightly higher at 4.8 nights compared to city rentals, which average around 3.7 nights

Statistic 49

Travelers are increasingly seeking personalized experiences, with 65% willing to pay more for unique or customized vacation rental experiences

Statistic 50

The average age of vacation rental guests is 37 years old, reflecting a wide demographic appeal

Statistic 51

The most common length of stay for corporate retreat rentals is 3-5 nights, catering to business travelers

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Key Highlights

  • The global vacation rental market was valued at approximately $87.09 billion in 2021
  • The vacation rental industry is expected to grow at a compound annual growth rate (CAGR) of 3.4% from 2022 to 2030
  • Over 50% of travelers prefer vacation rentals over traditional hotels
  • Airbnb alone has over 4 million listings worldwide as of 2023
  • The average length of stay in vacation rentals is 4.3 nights
  • 35% of vacation rental bookings are made within a week of the stay
  • The most popular amenities in vacation rentals are Wi-Fi, air conditioning, and a fully equipped kitchen
  • The majority of vacation rental travelers are couples or families, accounting for around 70%
  • The average daily rate (ADR) for vacation rentals in the US is approximately $180
  • Host earnings on Airbnb in the US reached over $15 billion in 2022
  • Approximately 45% of vacation rental bookings are made from mobile devices
  • Vacation rentals have a higher return on investment (ROI) than traditional real estate properties, with average ROI around 20-25%
  • The top three countries with the most vacation rental listings are the USA, France, and Spain

The vacation rental industry is booming, with a market valued at over $87 billion in 2021 and expected to grow steadily at a 3.4% CAGR through 2030, driven by changing traveler preferences, technological advancements, and the rise of platforms like Airbnb that now feature over 4 million listings worldwide.

Economic Impact and Revenue Metrics

  • The average daily rate (ADR) for vacation rentals in the US is approximately $180
  • Host earnings on Airbnb in the US reached over $15 billion in 2022
  • Vacation rentals have a higher return on investment (ROI) than traditional real estate properties, with average ROI around 20-25%
  • About 40% of vacation rental hosts earn less than $10,000 annually, indicating a large segment of casual hosts
  • The average cancellation rate for vacation rentals worldwide is approximately 10%
  • Vacation rental revenues increased by 35% in 2022 compared to 2021, indicating rapid industry recovery post-pandemic
  • The average occupancy rate for vacation rentals in peak season is around 70%, while in off-peak season it drops to around 40%
  • The global vacation rental industry employs over 1 million people directly and indirectly, across various sectors including hospitality, cleaning, and maintenance
  • In 2023, the average cleaning fee for vacation rentals worldwide is approximately $50 per booking, impacting overall costs
  • Vacation rentals generate about 65% more revenue per booking than traditional hotels in comparable locations, on average
  • The easiest way for hosts to increase occupancy is through strategic pricing and flexible cancellation policies, according to industry surveys
  • Vacation rental owners report an average annual maintenance cost of about 10% of rental income, highlighting ongoing expenses

Economic Impact and Revenue Metrics Interpretation

The booming vacation rental industry, boasting a 35% revenue jump in 2022 and higher returns than traditional real estate, showcases both lucrative opportunities—like Airbnb hosts earning over $15 billion in 2022—and its casual backbone, with 40% of hosts earning under $10K annually, all while balancing rising operating costs and a steady 10% global cancellation rate.

Market Size and Growth Trends

  • The global vacation rental market was valued at approximately $87.09 billion in 2021
  • The vacation rental industry is expected to grow at a compound annual growth rate (CAGR) of 3.4% from 2022 to 2030
  • Airbnb alone has over 4 million listings worldwide as of 2023
  • The top three countries with the most vacation rental listings are the USA, France, and Spain
  • The Asian-Pacific region is experiencing the fastest growth rate in vacation rental bookings, with a CAGR of 6.2% from 2017-2022
  • Airbnb hosts in the U.S. have an average of 11.2 listings per host, indicating many hosts manage multiple properties
  • Vacation rental listings in urban areas make up approximately 60% of total listings worldwide, due to business and leisure travel trends
  • During major holidays, hotel occupancy rates tend to drop slightly while vacation rentals see an increase in bookings
  • Eco-friendly vacation rentals are growing in popularity, with about 20% of listings advertising sustainable practices
  • Vacation rental seasonality varies, with peak months typically from June to August in the northern hemisphere, and December to February in the southern hemisphere
  • Destination cities like London, Paris, and New York see the highest number of vacation rental bookings, accounting for over 45% of global bookings
  • Digital platforms like Airbnb, Vrbo, and Booking.com account for over 95% of vacation rental bookings, demonstrating industry consolidation
  • Booking cancellations for vacation rentals tend to be highest in the 2 weeks prior to the reservation date, often around 15%, indicating last-minute changes
  • Vacation rental platforms offer host protection policies that cover damages up to $1 million in many cases, providing security for hosts
  • The rise of remote work has increased the demand for longer stays in vacation rentals, with 35% of bookings in 2022 being for stays longer than 14 days
  • The growth of vacation rentals in rural areas has outpaced urban areas, with a CAGR of 5.5% from 2017-2022, indicating diversification
  • Insurance options for vacation rental hosts are expanding, with over 60% of hosts purchasing specialized host insurance policies

Market Size and Growth Trends Interpretation

As the global vacation rental market surpasses $87 billion and steadily grows at 3.4% annually—with Airbnb hosting over four million listings worldwide—it's clear that whether for urban sightseeing, rural retreat, or eco-friendly escapes, travelers and hosts alike are increasingly embracing a platform-backed, seasonally savvy, and insurance-secured shift from hotels to homes, all fueled by remote work and regional diversification.

Property Types, Amenities, and Features

  • The most popular amenities in vacation rentals are Wi-Fi, air conditioning, and a fully equipped kitchen
  • The most common type of properties listed as vacation rentals are apartments and houses, accounting for over 75% of listings
  • The share of vacation rentals listed as entire homes or apartments is 90%, indicating a preference for private spaces

Property Types, Amenities, and Features Interpretation

With nearly 90% of vacation rentals offering private, fully-equipped spaces topped by Wi-Fi and air conditioning, travelers clearly demand the comfort of home — only with a better view.

Technology, Platform Features, and Industry Trends

  • The use of smart home technology in vacation rentals is increasing, with about 30% of listings featuring smart locks, cameras, or thermostats
  • Vacation rental platforms are increasingly implementing AI-driven pricing algorithms to optimize revenue, with 40% of listings using such tools in 2023

Technology, Platform Features, and Industry Trends Interpretation

As smart homes become the new standard and AI-driven pricing algorithms tighten their grip on the vacation rental market, it's clear that property managers who ignore these tech trends risk being left out of the lucrative digital age of hospitality.

Traveler Demographics and Preferences

  • Over 50% of travelers prefer vacation rentals over traditional hotels
  • The average length of stay in vacation rentals is 4.3 nights
  • 35% of vacation rental bookings are made within a week of the stay
  • The majority of vacation rental travelers are couples or families, accounting for around 70%
  • Approximately 45% of vacation rental bookings are made from mobile devices
  • Millennials make up approximately 53% of vacation rental travelers
  • 60% of guests believe that vacation rentals offer more privacy than hotels
  • The majority of vacation rental bookings are for leisure travel, accounting for over 80%
  • Pets are allowed in about 30% of vacation rentals, addressing the rising demand for pet-friendly accommodations
  • Over 72% of travelers consider vacation rentals to offer better value for money than hotels
  • Globally, the most searched for vacation rental destinations are Bali, Paris, and New York City, with Bali ranked as the top destination in 2023
  • The average guest review score for vacation rentals is 4.7 out of 5, indicating high customer satisfaction levels
  • Vacation rental bookings made at least 30 days in advance account for roughly 50% of total bookings, reflecting planning behaviors
  • The average length of stay in beach vacation rentals is slightly higher at 4.8 nights compared to city rentals, which average around 3.7 nights
  • Travelers are increasingly seeking personalized experiences, with 65% willing to pay more for unique or customized vacation rental experiences
  • The average age of vacation rental guests is 37 years old, reflecting a wide demographic appeal
  • The most common length of stay for corporate retreat rentals is 3-5 nights, catering to business travelers

Traveler Demographics and Preferences Interpretation

With over half of travelers preferring vacation rentals, especially among Millennials and families seeking personalized, private experiences that often come with last-minute deals and mobile convenience, the industry is not just a trend but a compelling shift towards value-rich, customizable travel underpinned by high satisfaction ratings—proving that when it comes to getaway choices, today's vacationers are renting to truly feel at home abroad.