India Vacation Rentals Market Research Report Information by Property Type (Individual House, Apartments (incl. Serviced Apartments), Cottages and resorts, Villas, Boutique Hotels, and Others), by Type (Short-term, and Medium-term), By Age Group (Gen Alph

The vacation rentals market in India is expected to experience substantial growth during the review period, with a compound annual growth rate (CAGR) of 19.18%. The market is anticipated to attain a value of USD 11,774.99 million by the conclusion of the forecast period (2023-2032), with an estimated value of USD 2,042.38 million in 2022.

In recent years, the vacation rentals market in India has experienced significant growth and transformation, driven by a growing middle class with disposable income, altering travel preferences, and an increasing level of internet penetration. This executive summary offers a thorough examination of the vacation accommodations market in India as it stands at the present time. The vacation rentals market in India has undergone a paradigm shift, as travelers are increasingly choosing alternative accommodation options over traditional hotels. The desire for distinctive and personalized experiences, cost-effectiveness, and the convenience provided by vacation rentals are all contributing factors to this change. The market is distinguished by a wide variety of properties, such as villas, apartments, homestays, and boutique properties. Additionally, the Indian vacation rentals market is dominated by a number of key participants, such as established India platforms and homegrown startups. The pioneers utilize their extensive networks and technology-driven platforms to provide travelers with a wide range of accommodation options. The market is fraught with intense competition, as participants are perpetually striving to improve the user experience and secure a larger portion of the expanding demand. Furthermore, the surge in demand for vacation rentals has been significantly influenced by the burgeoning trend of experiential travel and the emergence of the work-from-anywhere culture. Travelers desire more than merely a place to stay; they aspire to immersive experiences that are indicative of the local culture and lifestyle. Furthermore, the COVID-19 pandemic has expedited the adoption of vacation rentals as a safer and more isolated accommodation option, offering an appealing alternative to densely populated hotels.

Market Segmentation
The market has been segmented into the following categories: Individual Houses, Apartments (including Serviced Apartments), Cottages and Resorts, Villas, Boutique Hotels, and Others.

The market has been categorized into short-term and medium-term segments based on type.

The market has been segmented into Gen Alpha, Gen Z, Millennials, Gen X, and Baby Boomers based on age.

The market has been segmented into two categories: men and women. The market has been segmented into individual, group, and business segments based on the end consumer. It is classified as economy, mid-range, and premium based on its pricing.

This segment is classified as either online or offline, contingent upon the mode of booking. The India vacation accommodations market is divided into four regions: North, South, East, and West.

Major Players
The vacation rentals market in India is dominated by Airbnb Inc., as well as MakeMyTrip Limited, Booking Holdings, Oravel Stays Limited, Yatra Online, Inc., Expedia Group, Inc., Tripadvisor LLC, StayVista, Homestay.Com, SaffronStays, Zostel, GuestHouser, Nivalink, Holidify Travels Pvt Ltd., Treebo.com, and MyIndianStay.