2021 Global Vacation Rental Market Growth Propsects Scenario Feb-2017

Global Vacation Rental Market 2017-2021
This report covers the present scenario and the growth prospects of the global Vacation Rental Market
for 2017-2021.
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2017-2021.html
The analysts forecast the global vacation rental market to grow at a CAGR of 7.07% during the period
2017-2021. A vacation rental is an alternative lodging option, which 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, homestays, and gites, among others.
An essential attribute attached to a vacation rental is that it provides an authentic travel experience as
they are commonly located within the community and provide the opportunity to take in the local flair
and culture. The patterns and trends in the market have changed over time, and vacation rentals are
increasingly becoming a part of the global temporary accommodation market.
Global Vacation Rental Market 2017-2021 Research Report covers the market landscape and its growth
prospects over the coming years. The report also includes a discussion of the key vendors operating in
this market.
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Instant bookings are a new norm in the market - a result of the developing need for instant gratification
among consumers worldwide. Online vacation rental sites are upgrading their technology to enable
customers to book properties in real time, without having to wait for confirmation. This value addition
will improve the convenience of booking a vacation rental and improve customer satisfaction. Instant
bookings have become a key differentiator among major vacation rental players. One of the major
reasons for the major vacation rental player, Airbnb, to introduce instant bookings was the effort to
combat discrimination while booking on its online platform. Instant bookings made it more difficult for
the hosts to discriminate the guests based on gender identity, race, sex, disability, sexual orientation,
religion, national origin, or age. This policy was in direct response to issues and incidents of
discrimination that were reported on the online platform.
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Key vendors
Airbnb
HomeAway
TripAdvisor
Wimdu
Wyndham Worldwide
World Travel Holdings