Canada Short Term Vacation Rental Market Size & Outlook
Canada Short Term Vacation Rental Market, 2021-2033 (US$M)
Global Market
Related Markets
Canada short term vacation rental market highlights
- The Canada short term vacation rental market generated a revenue of USD 5,334.6 million in 2025 and is expected to reach USD 13,719.7 million by 2033.
- The Canada market is expected to grow at a CAGR of 12.6% from 2026 to 2033.
- In terms of segment, home was the largest revenue generating accommodation type in 2025.
- Resort/Condominium is the most lucrative accommodation type segment registering the fastest growth during the forecast period.
Short term vacation rental market data book summary
| Market revenue in 2025 | USD 5,334.6 million |
| Market revenue in 2033 | USD 13,719.7 million |
| Growth rate | 12.6% (CAGR from 2026 to 2033) |
| Largest segment | Home |
| Fastest growing segment | Resort/Condominium |
| Historical data | 2021 - 2024 |
| Base year | 2025 |
| Forecast period | 2026 - 2033 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Home, Apartments, Resort/Condominium |
| Key market players worldwide | Airbnb Inc Ordinary Shares - Class A, Booking Holdings Inc, Expedia Group Inc, MakeMyTrip Ltd, Tripadvisor Inc, Wyndham Hotels & Resorts Inc Ordinary Shares |
Other key industry trends
- In terms of revenue, Canada accounted for 3.6% of the global short term vacation rental market in 2025.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2033.
- In North America, U.S. short term vacation rental market is projected to lead the regional market in terms of revenue in 2033.
- Canada is the fastest growing regional market in North America and is projected to reach USD 13,719.7 million by 2033.
Rental hosts have suffered severely due to the COVID-19 pandemic due to widespread restrictions on travel. As per Statistics Canada, in 2019, the tourism industry contributed around 2% of Canada’s GDP. Due to the travel restrictions and limitations, the number of international arrivals to Canada dropped by 54.2% in March 2020, as compared to February 2020.
Furthermore, the hotel occupancy rate fell below 20% by the first week of April 2020 across Canada. As per the Labour Force Survey, the tourism industry’s paid employment for April and May 2020 sank by nearly 60% in Canada, as compared to 2019.
However, with the easing of travel restrictions, the industry recovered in the region. This improving scenario bodes well for the short-term vacation rental market. The growth of online vacation rental platforms such as Airbnb, and HomeAway (Vrbo) has made it easier for homeowners to list their properties and for travelers to find and book accommodations.
Key Regions:U.S., UK, Japan, Brazil, South Africa
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Publish Date: Mar 12, 2026
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Short Term Vacation Rental Market Scope
Short Term Vacation Rental Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Airbnb Inc Ordinary Shares - Class A | View profile | 6,907 | 888 Brannan Street, San Francisco, CA, United States, 94103 | www.airbnb.com |
| Booking Holdings Inc | View profile | 23,600 | 800 Connecticut Avenue, Norwalk, CT, United States, 06854 | www.bookingholdings.com |
| Expedia Group Inc | View profile | 17,100 | 1111 Expedia Group Way W, Seattle, WA, United States, 98119 | www.expediagroup.com |
| MakeMyTrip Ltd | View profile | 4,090 | DLF Cyber City, DLF Phase 2, 19th Floor, Building No. 5, Tower B, Sector 25, Gurugram, HR, India, 122002 | www.makemytrip.com |
| Wyndham Hotels & Resorts Inc Ordinary Shares | View profile | 2,300 | 22 Sylvan Way, Parsippany, NJ, United States, 07054 | www.wyndhamhotels.com |
| Tripadvisor Inc | View profile | 2,829 | 400 1st Avenue, Needham, MA, United States, 02494 | www.tripadvisor.com |
| 9flats | View profile | 51-100 | Singapore, Central Region, Singapore, Asia | www.9flats.com |
| Hotelplan Group | View profile | 101-250 | Glattbrugg, Zurich, Switzerland, Europe | www.hotelplan.com/ |
| Novasol | View profile | 501-1000 | Virum, Hovedstaden, Denmark, Europe | www.novasol.com/ |
Canada Short Term Vacation Rental Market Outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to Short Term Vacation Rental Market Outlook will help companies and investors design strategic landscapes.
Home was the largest segment with a revenue share of 40.38% in 2025.
Horizon Databook has segmented the Canada short term vacation rental market based on home, apartments, resort/condominium covering the revenue growth of each sub-segment from 2021 to 2033.
Rental hosts have suffered severely due to the COVID-19 pandemic due to widespread restrictions on travel. As per Statistics Canada, in 2019, the tourism industry contributed around 2% of Canada’s GDP. Due to the travel restrictions and limitations, the number of international arrivals to Canada dropped by 54.2% in March 2020, as compared to February 2020.
Furthermore, the hotel occupancy rate fell below 20% by the first week of April 2020 across Canada. As per the Labour Force Survey, the tourism industry’s paid employment for April and May 2020 sank by nearly 60% in Canada, as compared to 2019.
However, with the easing of travel restrictions, the industry recovered in the region. This improving scenario bodes well for the short-term vacation rental market. The growth of online vacation rental platforms such as Airbnb, and HomeAway (Vrbo) has made it easier for homeowners to list their properties and for travelers to find and book accommodations.
- Canada Short Term Vacation Rental Market Accommodation Type Outlook (Revenue, USD Million , 2021-2033)
- Home
- Apartments
- Resort/Condominium
- Others
- Canada Short Term Vacation Rental Market Booking Mode Outlook (Revenue, USD Million , 2021-2033)
- Online
- Offline
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Horizon Databook provides a detailed overview of country-level data and insights on the Canada Short Term Vacation Rental Market Outlook, including forecasts for subscribers. This country databook contains high-level insights into Canada Short Term Vacation Rental Market Outlook from 2021 to 2033, including revenue numbers, major trends, and company profiles.
Canada Short Term Vacation Rental Market, 2021-2033 (US$M)
Canada short term vacation rental market statistics, by accommodation type, 2021-2033 (US$M)
