Vacation Rental Platform Market Scope
Vacation rental platforms help to manage, maintain and run a short-term rental property. It could be a small apartment in a big city that rents out a couple of weekends a year or a lakehouse that lease throughout the year. Owners and managers of vacation rental properties face different challenges than hotel managers, and they require a different type of software solution to traditional hotel management software. It combines the most important software functions used by both hotel property managers. The platforms address the specific needs of vacation rental property owners and managers.
The Vacation Rental Platform market study is segmented and major geographies with country level break-up.
Global Vacation Rental Platforms is a fragmented market due to the presence of various players. The players are investing more in mergers and acquisitions to enhance their market presence. The companies are planning strategic activities like partnerships, mergers, and acquisitions which will help them to sustain in the market and maintain their competitive edge.
RMS Cloud (Australia), ResNexus (United States), Guesty for Hosts (Netherlands), Kigo, Inc. (United States), Membroz - Business Management Software (India), Lodgify (Spain), Bookerville, LLC (United States), innRoad, Inc. (United States), Hostaway (Finland) and Vacasa (United States) are some of the key players that are part of study coverage.
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from total available market.
AMA Research has segmented the market of Global Vacation Rental Platform market by Type, Application and Region.
On the basis of geography, the market of Vacation Rental Platform has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Market Leaders and their expansionary development strategies
On 11th March 2021, Vacasa has announced the acquisition of TurnKey. The acquisition helps to boost the global presence of Vacasa with the vacation rental platform.
According to Homeowners Association (HOA), “when buying a house, specify how long it is allowed to rent a house in that area, whether you need to get a permit, etc.”
- Growing Digitalization and Technological Advancement over the Globe
- Increasing Usage of Vacation Rental Platforms to Manage Properties in a More Efficient and Profitable Way
- A rise in Smartphone use and Personalized Technology
- Increasing Demand of Vacation Rental Platforms from Developed and Developing Countries can create Opportunities for the Market Growth
- Taxes and Higher Insurance Associated with Vacation Rental Platforms
- Varying Local Vacation Rental Laws and Regulations
Key Target AudienceVacation Rental Platforms Regulatory Bodies, Potential Investors, Research and Development Institutes and Others