Singapore: vacation rentals users 2029

The number of users in the 'Vacation Rentals' segment of the travel & tourism market in Singapore was forecast to continuously increase between 2024 and 2029 by in total 0.2 million users (+13.99 percent). After the eighth consecutive increasing year, the number of users is estimated to reach 1.65 million users and therefore a new peak in 2029.

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Number of vacation rental users in Singapore from 2019 to 2029 (in millions)

Characteristic	Number of users in millions
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Supplementary notes

Data provided by Statista Market Insights are estimates.

Definition:

The Vacation Rentals market comprises of private accommodation bookings. This includes private holiday homes and houses, e.g., HomeAway, as well as short-term rental of private rooms or flats via portals such as Airbnb, in travel agencies or by telephone.

Additional Information:

The main performance indicators of the Vacation Rentals market are revenues, average revenue per user (ARPU), users and user penetration rates. Additionally, online and offline sales channel shares display the distribution of online and offline bookings. The ARPU refers to the average revenue one user generates per year while the revenue represents the total booking volume. Revenues are generated through both online and offline sales channels and include exclusively B2C revenues. Users represent the aggregated number of guests. Each user is only counted once per year.

The booking volume includes all booked travels made by users from the selected region, independent of the departure and arrival. The scope includes domestic and outbound travel.

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