The United States Short-Term Vacation Rentals (STRs) Market size is reached a valuation of USD xx.x Billion in 2023, with projections to achieve USD xx.x Billion by 2031, demonstrating a compound annual growth rate (CAGR) of xx.x% from 2024 to 2031.
United States Short-Term Vacation Rentals (STRs) Market Overview
United States Short-Term Vacation Rentals (STRs) Market By Application
- Leisure Travel
- Business Travel
- Group Travel
- Family Travel
- Others
The United States Short-Term Vacation Rentals (STRs) market is segmented by application, catering to diverse consumer needs:
Leisure Travel: This segment includes rentals sought after by individuals or groups primarily for recreational purposes, such as vacations and weekend getaways.
Business Travel: STRs are increasingly popular among business travelers seeking alternative accommodations that offer comfort and flexibility, often near key business centers.
Group Travel: This category encompasses rentals suitable for larger groups, such as extended families or friend gatherings, providing spacious and convenient lodging options.
Family Travel: Tailored to the needs of families, these rentals typically offer amenities like kitchens and multiple bedrooms, ensuring a comfortable stay for all members.
Others: This segment covers diverse applications including short-term rentals for special events, medical stays, and temporary relocation, reflecting the versatility of the STRs market in meeting varied consumer demands.