Korea Short-Term Rental Market Size & Outlook, 2026-2034
Last Updated : 31 July, 2026 |
Study Period : 2022-2034 |
Format : PDF, Excel |
Author : Anna Morgan
Korea Short-Term Rental Market Insights
- As per Deep Market Insights insights, the Korea Short-Term Rental Market stood at USD 1.21 Million in 2025 and is anticipated to grow to USD 3.05 Million by 2034.
- The Korea market is expected to advance at a CAGR of 10.9% from 2026 through 2034.
- In 2025, Entire Home accounted for the highest share of the Accommodation Type market size.
- During the forecast period, Shared Room is set to register the highest growth, making it the most lucrative Accommodation Type segment.
Source: DMI Analysis Company Publications, Primary Interviews.
Other Key Findings
- As of 2025, Korea held 0.87% of the global Short-Term Rental Market size.
- By 2034, United States is anticipated to capture the largest share of the global Short-Term Rental Market.
- In Asia Pacific, China is expected to lead the regional Short-Term Rental Market size by 2034.
- Korea will remain the fastest-growing market in Asia Pacific, reaching USD 3.1 Million by 2034.
South Korea Short Term Rental Market Dynamics
- South Korea's short term rental market is driven by increasing tourism activity, rising international visitor arrivals, expanding urban travel, growing demand for flexible accommodation, and increasing adoption of digital booking platforms. Consumers increasingly choose short term rentals including apartments, guesthouses, serviced residences, and premium stays for leisure travel, business trips, and extended visits.
- Short term rental platforms, property owners, hospitality companies, real estate operators, travel agencies, and online accommodation marketplaces strengthen market accessibility through digital platforms. Companies increasingly improve customer experiences through mobile booking, smart check-in systems, localized services, and personalized accommodation recommendations.
- Market participants invest in property management technologies, AI-powered pricing systems, automated operations, smart home solutions, and sustainable lodging concepts to strengthen competitive differentiation. Innovation increasingly focuses on premium rentals, technology-enabled stays, remote-work accommodation, and experience-based travel services.
- Companies collaborate with tourism organizations, property developers, technology providers, local communities, and hospitality businesses to strengthen commercialization. Continued investment in digital tourism infrastructure, smart accommodations, and flexible lodging solutions reinforces competitiveness across South Korea's short term rental industry.
Key Market Insights
- Tourism expansion strengthens demand.
- Digital booking supports growth.
- Smart rentals improve efficiency.
- Urban travel drives adoption.
Korea Short-Term Rental Market Accommodation Type 2026-2034 (USD Million)
| Accommodation Type | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | 2031 | 2032 | 2033 | 2034 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Entire Home | XX.x | XX.x | XX.x | 0.55 | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x |
| Private Room | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x |
| Shared Room | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x |
| Total | XX.x | XX.x | XX.x | 1.21 | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x |
Source: DMI Analysis Company Publications, Primary Interviews.
Korea Short-Term Rental Market Booking Channel 2026-2034 (USD Million)
| Booking Channel | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | 2031 | 2032 | 2033 | 2034 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Online Platform | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x |
| Direct | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x |
| Total | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x |
Source: DMI Analysis Company Publications, Primary Interviews.
Inside This Report
This section examines South Korea's short term rental market through tourism transformation, digital hospitality, accommodation trends, and competitive strategies.
- Country market landscape: Reviews South Korea's short term rental ecosystem.
- Consumer and travel trends: Explores tourism demand, digital bookings, business travel, and flexible accommodation preferences.
- Service innovation and applications: Covers apartments, guesthouses, serviced residences, premium rentals, and smart lodging solutions.
- Competitive and industry developments: Highlights technology adoption, partnerships, tourism expansion, and property management innovation.
Report Summary
| Report Scope | Details |
|---|---|
| Base Year for Study | 2025 |
| Study Period | 2022-2034 |
| Historical Period | 2022-2024 |
| Forecast Period | 2026-2034 |
| Market Size In 2025 | USD 1.21 Million |
| Market Size In 2034 | USD 3.05 Million |
| Largest segment | Entire Home |
| Units | Revenue in USD Million |
| CAGR | 10.9% (2026-2034) |
| Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, Environment & Regulatory Landscape and Trends |