U.S. Short-term Vacation Rental Market

U.S. Short-term Vacation Rental Market Size, Share & Trends Analysis Report By Accommodation Type (Homes, Apartments, Condominium, Cottages, Themed Properties), By Booking Mode (Online, Offline), And Segment Forecasts, 2026 - 2033

U.S. Short-term Vacation Rental Market Summary

The U.S. short-term vacation rental market size was estimated at USD 72.00 billion in 2025 and is projected to reach USD 125.14 billion by 2033, growing at a CAGR of 7.3% from 2026 to 2033. Increasing domestic travel demand in the U.S. has significantly driven the market growth, as more Americans are choosing local and regional trips for leisure, weekend getaways, and family vacations.

This has increased the demand for private accommodations that offer flexibility and comfort. At the same time, cost advantages for groups and families have further supported market expansion, as vacation rentals often offer larger living spaces, multiple bedrooms, and kitchen facilities at a lower overall cost than booking several hotel rooms.

Short-term vacation rentals have become a significant contributor to the U.S. economy. The revenue generated from rental bookings supports local economies by creating jobs, fostering tourism, and contributing to the hospitality sector. For property owners, hosting short-term rentals offers an attractive income opportunity, with many generating substantial earnings through these platforms. This economic boost is not limited to hosts; it extends to local businesses that cater to tourists, such as restaurants, shops, and transportation services. Moreover, many hosts use rental income to offset mortgage payments and housing costs, or to supplement retirement savings, thereby contributing to financial well-being.

Travelers in the U.S. are increasingly seeking accommodations that offer a more personalized, home-like experience than traditional hotels. Short-term vacation rentals provide larger living spaces, kitchens, and greater privacy, making them particularly appealing for families and groups. As a result, many travelers prefer booking homes, apartments, and villas through platforms such as Airbnb and Vrbo, which offer diverse property options and flexible stays. Consumer surveys in 2025 show that travelers value space, privacy, and home-like amenities when choosing vacation rentals. About 82% of vacation rental guests reported high satisfaction, compared with 68% of hotel guests, mainly due to larger living areas, kitchens, and the ability to cook during longer stays.

Demand for luxury and premium vacation rentals is increasing as affluent travelers seek exclusive, high-quality accommodation. High-end villas, waterfront homes, and premium vacation properties are becoming increasingly popular among travelers seeking privacy, premium amenities, and personalized services. This trend is encouraging property owners and management companies to invest in upscale properties and enhanced guest experiences.

U.S. Short-Term Vacation Rental Market Report Segmentation

This report forecasts revenue growth at the country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2021 to 2033. For this study, Grand View Research has segmented the U.S. short-term vacation rental market report based on accommodation type, and booking mode:

• Accommodation Type Outlook (Revenue, USD Million, 2021 - 2033)
• Homes
• Apartments
• Condominium
• Others (Cabins and Cottages, Themed Properties, etc.)
• Booking Mode Outlook (Revenue, USD Million, 2021 - 2033)
• Online/Platform-Based
• Offline
• Accommodation Type x Booking Mode Outlook (Revenue, USD Million, 2021 - 2033)
• Homes
• Online/Platform-based
• Offline
• Apartments
• Online/Platform-based
• Offline
• Condominium
• Online/Platform-based
• Offline
• Others
• Online/Platform-based
• Offline

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