Global Short-Term Rentals 2023-2027

Summary

After two and a half years of remarkable pandemic-fueled expansion, growth of global short-term rental (STR) bookings is slowing as significant volume shifts back to hotels. Travelers have experienced the peaks and valleys of the STR segment, and overall find themselves in a more discerning place. With certain markets maturing (U.S., Europe) and others still developing (Asia, Middle East, Africa), the global market is varied nd uneven, though overall slower growth is anticipated through the forecast period.

Phocuswright’s Global Short-Term Rentals 2023-2027 presents market sizing and projections for the global STR market by region and distribution channel. Specific topics covered include:

• Global short-term rental sizing, featuring potential “whys” behind the sizing changes
• Online penetration analysis 
• Regional distribution shifts – what’s growing and what’s being left behind
• Discussion of upcoming challenges, including nascent STR regulations, persistently high prices, economic stagnation and what STRs may mean for the broader accommodations market