Vacation Rental Market Segmentation, Growth, Share and Industry Analysis During 2015 - 2019
PUNE, INDIA, October 25, 2016 /EINPresswire.com/ -- Vacation Rental Market
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Market research analyst believes that the global vacation rental market will reach $169.7 billion by 2019. The key regions where global vacation rental adoption is highest are Europe and North America, wherein the awareness of the concept of a vacation rental is widespread.
The entry of new technologically oriented start-ups and higher interest in vacation rentals among travelers is one of the reasons for market growth. Travelers are more inclined to using business intelligence software and data mining tools to harness their data to improve their decision-making. Also, price optimization by utilizing revenue management software is gaining popularity in the market.
What is vacation rental and why is it important?
A vacation rental is an alternative lodging option that involves the short-term rental of myriad properties, such as apartments, farm stays, private homes, cabins, beach houses, villas, cottages, or chalets, to travelers and tourists. These dwelling units are offered on a nightly, weekly, or a monthly basis, although the dominant practice in the market is renting it out weekly. They are also commonly referred to as holiday lettings, tourist rentals, bed and breakfast, homestay, and gites.
The vacation rental business is becoming more complex and necessitates the micro-management of processes to improve competitiveness. Spotting this opportunity, several companies that provide tailored services have entered the market. This market trend will continue, and will become even more important in the next five years. It can increase the rental income for hosts and provide a stress-free travel experience for renters, improving the overall environment of the market.
Geographical segmentation of global vacation rental market
• Europe
• North America
• APAC
• Latin America
• MEA
Europe accounted for the largest share of the market in 2014. The presence of several large, established players and increasing funding from high-profile investors is driving up market potential and accelerating its shift to the mainstream category. The promotion of the concept of renting out a vacation rental home on social and digital platforms is expected to play a key role in attracting these new customers.
In regions such as APAC, a large number of houses are lying vacant, and the affiliation for vacation rentals is growing, demonstrating that the market has the resources and can contribute substantially to its growth.
Factors driving global vacation rental market
• Rise of sharing economy
• Expansion of online distribution
This market research report provides a number of factors contributing to the adoption and opportunities in the global vacation rental market. It also offers an analysis of each factor and an estimation of the extent to which the factors are likely to impact the overall market growth.
Factors challenging global vacation rental market
• Lack of proper regulations
• Stalled conversion of lead to transaction
These are only a few of the challenges covered in this market research report. The full version of this market analysis provides a more comprehensive list and a discussion on each of the challenges faced by the global vacation rental market.
Vendor landscape of global vacation rental market
The market is moderately fragmented with large- and small-sized players and the competition among these players is intense. However, as international players increase their footprint in the market with their huge infrastructure and reach, regional vendors find it difficult to compete in terms of quality and technology. The competitive environment in this market is likely to intensify further with an increase in product/service extensions, and technological innovations. Vendors are adopting various mobile and social strategies and working toward incorporating an impressive experience.
The top seven vendors of the market are
• 9Flats
• Airbnb
• HomeAway
• TripAdvisor
• Wimdu
• World Travel Holdings
• Wyndham Worldwide
The other prominent vendors of the market include At Home Abroad, HouseTrip, OnlineVacationRentals.com, Priceline, Rentalo, Roomorama, Sea2Sky Vacation Rentals, and Villas International.
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About Us
Wise Guy Reports is part of the Wise Guy Consultants Pvt. Ltd. and offers premium progressive statistical surveying, market research reports, analysis & forecast data for industries and governments around the globe. Wise Guy Reports understand how essential statistical surveying information is for your organization or association. Therefore, we have associated with the top publishers and research firms all specialized in specific domains, ensuring you will receive the most reliable and up to date research data available.
Contact Us:
Norah Trent
+1 646 845 9349 / +44 208 133 9349
Follow on LinkedIn: https://www.linkedin.com/company/wise-guy-research-consultants-pvt-ltd-?trk=biz-companies-cym
Read Sample Report @ https://www.wiseguyreports.com/sample-request/241984-global-vacation-rental-market-2015-2019-one
Market research analyst believes that the global vacation rental market will reach $169.7 billion by 2019. The key regions where global vacation rental adoption is highest are Europe and North America, wherein the awareness of the concept of a vacation rental is widespread.
The entry of new technologically oriented start-ups and higher interest in vacation rentals among travelers is one of the reasons for market growth. Travelers are more inclined to using business intelligence software and data mining tools to harness their data to improve their decision-making. Also, price optimization by utilizing revenue management software is gaining popularity in the market.
What is vacation rental and why is it important?
A vacation rental is an alternative lodging option that involves the short-term rental of myriad properties, such as apartments, farm stays, private homes, cabins, beach houses, villas, cottages, or chalets, to travelers and tourists. These dwelling units are offered on a nightly, weekly, or a monthly basis, although the dominant practice in the market is renting it out weekly. They are also commonly referred to as holiday lettings, tourist rentals, bed and breakfast, homestay, and gites.
The vacation rental business is becoming more complex and necessitates the micro-management of processes to improve competitiveness. Spotting this opportunity, several companies that provide tailored services have entered the market. This market trend will continue, and will become even more important in the next five years. It can increase the rental income for hosts and provide a stress-free travel experience for renters, improving the overall environment of the market.
Geographical segmentation of global vacation rental market
• Europe
• North America
• APAC
• Latin America
• MEA
Europe accounted for the largest share of the market in 2014. The presence of several large, established players and increasing funding from high-profile investors is driving up market potential and accelerating its shift to the mainstream category. The promotion of the concept of renting out a vacation rental home on social and digital platforms is expected to play a key role in attracting these new customers.
In regions such as APAC, a large number of houses are lying vacant, and the affiliation for vacation rentals is growing, demonstrating that the market has the resources and can contribute substantially to its growth.
Factors driving global vacation rental market
• Rise of sharing economy
• Expansion of online distribution
This market research report provides a number of factors contributing to the adoption and opportunities in the global vacation rental market. It also offers an analysis of each factor and an estimation of the extent to which the factors are likely to impact the overall market growth.
Factors challenging global vacation rental market
• Lack of proper regulations
• Stalled conversion of lead to transaction
These are only a few of the challenges covered in this market research report. The full version of this market analysis provides a more comprehensive list and a discussion on each of the challenges faced by the global vacation rental market.
Vendor landscape of global vacation rental market
The market is moderately fragmented with large- and small-sized players and the competition among these players is intense. However, as international players increase their footprint in the market with their huge infrastructure and reach, regional vendors find it difficult to compete in terms of quality and technology. The competitive environment in this market is likely to intensify further with an increase in product/service extensions, and technological innovations. Vendors are adopting various mobile and social strategies and working toward incorporating an impressive experience.
The top seven vendors of the market are
• 9Flats
• Airbnb
• HomeAway
• TripAdvisor
• Wimdu
• World Travel Holdings
• Wyndham Worldwide
The other prominent vendors of the market include At Home Abroad, HouseTrip, OnlineVacationRentals.com, Priceline, Rentalo, Roomorama, Sea2Sky Vacation Rentals, and Villas International.
Access Report @ https://www.wiseguyreports.com/reports/241984-global-vacation-rental-market-2015-2019-one
For more information or any query mail at sales@wiseguyreports.com
About Us
Wise Guy Reports is part of the Wise Guy Consultants Pvt. Ltd. and offers premium progressive statistical surveying, market research reports, analysis & forecast data for industries and governments around the globe. Wise Guy Reports understand how essential statistical surveying information is for your organization or association. Therefore, we have associated with the top publishers and research firms all specialized in specific domains, ensuring you will receive the most reliable and up to date research data available.
Contact Us:
Norah Trent
+1 646 845 9349 / +44 208 133 9349
Follow on LinkedIn: https://www.linkedin.com/company/wise-guy-research-consultants-pvt-ltd-?trk=biz-companies-cym
Norah Trent
wiseguyreports
+1 646 845 9349 / +44 208 133 9349
email us here