the global and U.S. short-term/vacation rental markets
The global vacation and short-term rental (STR) market share is expected to increase by $79,300,000,000 (79.30 billion USD) by 2026 with a 14.09% increase expected in 2022 according to a 2022-2026 forecast published by Technavio in January of 2022.
Technavio is a leading global technology research and advisory company with its research and analysis focused on emerging market trends that provide actionable insights.
The United States experienced a record year for the STR market in 2021 and growth for stays has proved to be relentless as of Q2 in 2022 - realizing a 21% increase with demand averaging 26.7% higher than last year according to AirDNA. Demand for travel—especially for short-term rental stays—has grown substantially throughout the first half of 2022 and is likely to continue into the last half of the year.