China Vacation Rental Market Size & Outlook, 2026-2033
Related Markets
China vacation rental market highlights
- The China vacation rental market generated a revenue of USD 13,363.7 million in 2025 and is expected to reach USD 18,107.2 million by 2033.
- The China market is expected to grow at a CAGR of 3.5% 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.
Vacation rental market data book summary
| Market revenue in 2025 | USD 13,363.7 million |
| Market revenue in 2033 | USD 18,107.2 million |
| Growth rate | 3.5% (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 Destinations, 9flats, Hotelplan Group, Novasol, OYO |
Other key industry trends
- In terms of revenue, China accounted for 13.1% of the global vacation rental market in 2025.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2033.
- In Asia Pacific, China vacation rental market is projected to lead the regional market in terms of revenue in 2033.
- Australia is the fastest growing regional market in Asia Pacific and is projected to reach USD 5,879.2 million by 2033.
Home was the largest segment with a revenue share of 51.02% in 2025. Horizon Databook has segmented the China vacation rental market based on home, apartments, resort/condominium covering the revenue growth of each sub-segment from 2021 to 2033.
The increasing number of middle- and high-income consumers, rising popularity of homestays, and supportive policies are boosting the growth of the market in the country. Companies have been offering personalized and high-quality services to attract consumers, particularly millennials.
In Beijing alone, more than 13,500 tour packages, accounting for 242,000 visitors, have been cancelled. Around 130 countries over the world have barred the entry of Chinese citizens. However, in spite of these challenges, the industry is expected to recover gradually.
Cities such as Chongqing, Changsha, Chengdu, Hangzhou, Sanya, Huzhou, and Qingdao have witnessed a robust recovery from June 2020. The number of local trips within 330 kilometers has increased significantly in 2020.
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Vacation Rental Market Scope
Vacation Rental Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| OYO | View profile | 5001-10000 | Gurgaon, Haryana, India, Asia | http://www.oyorooms.com |
| Novasol | View profile | 501-1000 | Virum, Hovedstaden, Denmark, Europe | http://www.novasol.com/ |
| Hotelplan Group | View profile | 101-250 | Glattbrugg, Zurich, Switzerland, Europe | https://www.hotelplan.com/ |
| 9flats | View profile | 51-100 | Singapore, Central Region, Singapore, Asia | http://www.9flats.com |
| Wyndham Destinations | View profile | 10001+ | Orlando, Florida, United States, North America | http://www.wyndhamdestinations.com |
| Tripadvisor Inc | View profile | 2829 | 400 1st Avenue, Needham, MA, United States, 02494 | https://www.tripadvisor.com |
| MakeMyTrip Ltd | View profile | 4090 | DLF Cyber City, DLF Phase 2, 19th Floor, Building No. 5, Tower B, Sector 25, Gurugram, HR, India, 122002 | https://www.makemytrip.com |
| Expedia Group Inc | View profile | 17100 | 1111 Expedia Group Way W, Seattle, WA, United States, 98119 | https://www.expediagroup.com |
| Booking Holdings Inc | View profile | 23600 | 800 Connecticut Avenue, Norwalk, CT, United States, 06854 | https://www.bookingholdings.com |
| Airbnb Inc Ordinary Shares - Class A | View profile | 6907 | 888 Brannan Street, San Francisco, CA, United States, 94103 | https://www.airbnb.com |
China vacation rental market size, by accommodation type, 2021-2033 (US$M)
China Vacation Rental Market Outlook Share, 2025 & 2033 (US$M)
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