DCLG collects information on the number of households with or expecting dependent children, who are, at the end of each quarter, in any of the following types of temporary accommodation: • Bed and Breakfast (B&B) - typically involves the use of privately managed hotels where households share at least some facilities and meals are provided; • Annexe accommodation - is also generally paid on a nightly basis, privately managed but may not be part of a B&B hotel and may not involve shared facilities. A distinction is made on the basis of whether at least some facilities are shared or there is exclusive use of all facilities; • Hostel accommodation - hostels assumes shared accommodation, owned or leased and managed by either a local authority, housing association or non-profit making organisation; includes reception centres and emergency units; • Private sector accommodation - dwellings may be leased from the private sector, either directly, or by a local authority or a Registered Social Landlord; • Other - includes mobile homes, such as caravans, ‘demountables’, ‘portacabins’ and ‘transposables.’ The last 20 years have seen a rapid increase in homelessness, with the numbers of officially homeless families peaking in the early 1990s. In 1997 102,000 were statutory homeless, i.e. they met the definition of homelessness laid down in the 1977 Housing (Homeless Persons) Act. Other homeless people included rough sleepers - those without any accommodation at all - and hostel users. In 1997, fifty eight per cent of statutory homeless households had dependent children, and a further 10 per cent had a pregnant household member, compared to 51% and 10% respectively in 2003. Poor housing environments contribute to ill health through poor amenities, shared facilities and overcrowding, inadequate heating or energy inefficiency. The highest risks to health in housing are attached to cold, damp and mouldy conditions. In addition, those in very poor housing, such as homeless hostels and bedsits, are more likely to suffer from poor mental and physical health than those whose housing is of higher quality. People living in temporary accommodation of the bed and breakfast kind have high rates of some infections and skin conditions and children have high rates of accidents. Living in such conditions engenders stress in the parents and impairs normal child development through lack of space for safe play and exploration. Whilst cause and effect are hard to determine, at the very least homelessness prevents the resolution of associated health problems. Legacy unique identifier: P01088

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Short Term Vacation Rental Market Size 2025-2029

The short term vacation rental market size is forecast to increase by USD 114.1 billion, at a CAGR of 13.5% between 2024 and 2029.

The market is experiencing significant growth, driven by the expanding tourism industry and the increasing popularity of alternative accommodation options. Travelers seek flexibility, convenience, and unique experiences, making short term rentals an attractive choice over traditional and boutique hotels. Technological advancements further enhance the market's appeal, with digital platforms simplifying the booking process and offering personalized recommendations based on traveler preferences. However, the market faces challenges in ensuring consistent quality across vacation rental properties. The lack of standardization and regulation can lead to inconsistencies in the guest experience, potentially impacting customer satisfaction and brand reputation.
Addressing this challenge requires a commitment to quality assurance, from property maintenance and cleanliness to guest communication and support. Companies that prioritize these aspects and leverage technology to streamline operations will capitalize on the market's opportunities while navigating challenges effectively.

What will be the Size of the Short Term Vacation Rental Market during the forecast period?

Explore in-depth regional segment analysis with market size data - historical 2019-2023 and forecasts 2025-2029 - in the full report.
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The short-term rental market continues to evolve, with dynamic pricing strategies shaping the landscape. Property managers employ guest management systems to optimize operations, while digital marketing and channel management tools expand reach. Email marketing and social media platforms engage guests, driving direct bookings. Property valuation relies on data analysis, including occupancy rates and revenue management. Seasonal demand influences pricing, with peak seasons offering higher yields. Energy efficiency and green initiatives attract eco-conscious travelers, while luxury rentals cater to affluent guests.

Amenities, from smart home technology to concierge services, enhance the guest experience. Calendar synchronization ensures seamless booking and maintenance services maintain property condition. Legal compliance remains crucial, with security systems and yield management tools addressing safety and revenue optimization. Budget rentals and cabin rentals cater to diverse markets, expanding the market's reach. Overall, the short-term rental market's continuous evolution reflects the industry's adaptability and innovation.

How is this Short Term Vacation Rental Industry segmented?

The short term vacation rental industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

Mode Of Booking

  Offline
  Online


Management

  Managed by owners
  Professionally managed


Type

  Apartments and condominiums
  Villas and luxury homes
  Cottages and cabins
  Resorts and bungalows
  Others


Location

  Urban
  Rural
  Coastal
  Mountain


Traveler Type

  Leisure Travelers
  Business Travelers
  Families


Geography

  North America

    US
    Canada


  Europe

    France
    Germany
    Italy
    The Netherlands
    UK


  APAC

    China
    Japan


  Rest of World (ROW)

By Mode Of Booking Insights

The offline segment is estimated to witness significant growth during the forecast period.

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The Offline segment was valued at USD 87.10 billion in 2019 and showed a gradual increase during the forecast period.

Regional Analysis

Europe is estimated to contribute 32% to the growth of the global market during the forecast period.Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.

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The European the market is experiencing growth due to the rising demand for travel and unique experiences. Travelers seek more personalized accommodations, leading to the popularity of short term rentals over traditional hotels. Weekend getaways and city breaks align with the trend of experiential travel, further fueling market growth. Short term rentals offer flexible options and can be cost-effective for families or groups. Pricing strategies, such as dynamic pricing and seasonal demand, influence rental income. Guest management systems, email marketing, and channel management help optimize bookings. Operating expenses include cleaning services, maintenance, and property management software. Energy efficiency and green initiatives are essential property amenities.

Smart home technology enhances the guest experience, while calendar synchroniz