The Future of Short-Term Rentals in India

Skift Take

Established brands and rising Millennial and Gen Z demand are transforming India’s travel landscape through authentic, immersive short-term rentals.

Vacation rentals still represent a relatively small segment in India’s hospitality industry. Research we put out last August (India on the Move: A Traveler Survey) showed around 62% of Indian travelers prefer hotels for domestic trips, and only 7% opt for vacation rentals. 

But several factors suggest that the short-term rental market has significant potential.

Skift Research’s preliminary analysis indicates that the Indian short-term rental industry is poised to expand into a $3 billion market by 2033.  In a previous report, we estimated that it was expected to generate approximately $1.3 billion in revenue in 2022. 

Let’s get into the reasons why there’s room for more growth. 

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