rental users . This not also puts vacation rental companies at risk , it can also result in a negative consumer confidence for vacation rentals . While companies , such as Airbnb , do have a system set up to fix such cases , it ruins the vacation experience of the guests and can affect the company ' s revenues in the future . Therefore , its competitive advantage over hotels is largely reduced . Owners must work on streamlining their operations while abiding by a set of standard rules . There is a need for more regulation and professionalism to create a satisfactory customer experience .
About Vacation Rental
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 .
Complete Report Details @ https :// marketreportscenter . com / reports / 507668 / global-vacation-rentalmarket-2017-2021
Covered in this report
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 .
The market is divided into the following segments based on geography : APAC Europe MEA Latin America North America
Global Vacation Rental Market 2017-2021 , has been prepared based on an in-depth market analysis with inputs from industry experts . The 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 .
Key vendors Airbnb HomeAway TripAdvisor Wimdu Wyndham Worldwide