Europe Short Term Vacation Rental Market Size & Outlook
The short term vacation rental market in Europe is expected to reach a projected revenue of US$ 115,372.0 million by 2033. A compound annual growth rate of 11.9% is expected of Europe short term vacation rental market from 2026 to 2033.
Europe short term vacation rental market highlights
The Europe short term vacation rental market generated a revenue of USD 47,119.3 million in 2025.
The market is expected to grow at a CAGR of 11.9% 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.
Country-wise, France is expected to register the highest CAGR from 2026 to 2033.
Europe data book summary
Market revenue in 2025
USD 47,119.3 million
Market revenue in 2033
USD 115,372.0 million
Growth rate
11.9% (CAGR from 2026 to 2033)
Largest segment
Home
Fastest growing segment
Resort/Condominium
Historical data covered
2021 - 2024
Base year for estimation
2025
Forecast period covered
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, Europe region accounted for 31.6% of the global short term vacation rental market in 2025.
Globally, North America is projected to lead the regional market in terms of revenue in 2033.
Asia Pacific is the fastest growing regional market and is projected to reach USD 107,401.1 million by 2033.
Rising travel connectivity and rapid penetration of high-speed internet have made even the most remote places in Europe more accessible to travelers. This is driving the urge to explore new, exotic, and exciting locations across the region, fueling the vacation rental market.
Germany, France, the U.K., Italy, and Spain are the largest markets in the region, with cities like London, Paris, Rome, Moscow, Madrid, Saint Petersburg, Barcelona, Lisbon, Milano, and Batumi having the highest number of vacation rentals.
The later stage of the pandemic saw a surge in vacation rentals as many people from around the world had the urge to travel after lengthy lockdown periods. Home rentals seemed like a safer and more hygienic option over hotels, and players like Airbnb and Vrbo reported a rise in bookings.
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 47.38% in 2025.
Horizon Databook has segmented the Europe short term vacation rental market based on home, apartments, resort/condominium covering the revenue growth of each sub-segment from 2021 to 2033.
Rising travel connectivity and rapid penetration of high-speed internet have made even the most remote places in Europe more accessible to travelers. This is driving the urge to explore new, exotic, and exciting locations across the region, fueling the vacation rental market.
Germany, France, the U.K., Italy, and Spain are the largest markets in the region, with cities like London, Paris, Rome, Moscow, Madrid, Saint Petersburg, Barcelona, Lisbon, Milano, and Batumi having the highest number of vacation rentals.
The later stage of the pandemic saw a surge in vacation rentals as many people from around the world had the urge to travel after lengthy lockdown periods. Home rentals seemed like a safer and more hygienic option over hotels, and players like Airbnb and Vrbo reported a rise in bookings.
Europe Short Term Vacation Rental Market Accommodation Type Outlook (Revenue, USD Million , 2021-2033)
Home
Apartments
Resort/Condominium
Others
Europe 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 continent-level data and insights on the Europe Short Term Vacation Rental Market Outlook, including forecasts for subscribers. This continent databook contains high-level insights into Europe Short Term Vacation Rental Market Outlook from 2021 to 2033, including revenue numbers, major trends, and company profiles.
Europe Short Term Vacation Rental Market, 2021-2033 (US$M)