DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "Global Vacation Rental Market 2017-2021" report to their offering.
The analysts forecast the global vacation rental market to grow at a CAGR of 7.07% during the period 2017-2021.
The report covers the present scenario and the growth prospects of the global vacation rental market for 2017-2021. To calculate the market size, the report considers the revenue generated from vacation rentals.
Vacation rentals offer saving opportunities in terms of rent and cheaper food as most vacation rentals are equipped with a full kitchen. The average cost of a vacation rental is $1,500/week or $200/night for a 3BHK. In addition, they also provide more value in terms of space and privacy. Also, certain vacation rental businesses allow customers to leverage their business relationships with shops, activity providers, restaurants, and tour companies and benefit from the upgrades and coupons. The fact that hotel room rates are rising (in the US, hotel room tariffs recorded a growth of 5% in 2014, over 2013) has pushed the adoption of vacation rentals further, particularly among affluent travelers.
Key vendors
- Airbnb
- HomeAway
- TripAdvisor
- Wimdu
- Wyndham Worldwide
- World Travel Holdings
Market drivers
- Increased investment in vacation rental homes
- For a full, detailed list, view the full report
Market challenges
- Low conversion rate of lead to transaction
- For a full, detailed list, view the full report
Market trends
- Proliferation of vacation rental business services
- For a full, detailed list, view the full report
Companies Mentioned
- Airbnb
- HomeAway
- TripAdvisor
- Wimdu
- 9flats
- Wyndham Worldwide
- World Travel Holdings
- At Home Abroad
- OnlineVacationRentals.com
- priceline.com
- Rentalo
- Roomorama
- Villas International
For more information about this report visit http://www.researchandmarkets.com/research/lzmljl/global_vacation
