Global Short-Term Vacation Rentals Market Overview:
A short-term rental is the leasing out of a furnished property on a short-term basis. Various factors can help owners and managers weigh up whether they should opt for long or short-term vacation rentals. Sometimes the decision depends on the nature of the property. A number of owners of short-term vacation rentals rent their property for the majority of the year when they are not using it for them. Most short-term vacation rentals surge of economy websites like HomeAway, Vrbo, and others.
- Growing Owner Focus towards Short-Term Vacation Rentals due to Consistent Income and Easier to Manage
- High Maintenance and Upgrades Associated with the Short-Term Vacation Rentals
- Rapidly Declining Bookings of Short-Term Vacation Rentals in COVID-19 Pandemic
- Traveler Preference towards Short-Term Vacation Rentals
- High Competition from Surrounding Properties
Global Short-Term Vacation Rentals 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.
Some of the key players profiled in the report are Homestay.com (Ireland), HomeToGo (Germany) Tripping.com (United States), Expedia Group (United States), Tripadvisor (United States), Booking.com (Netherlands), Vrbo (United States), Airbnb (United States), 9flats (Singapore) and Interhome (Switzerland). Additionally, following companies can also be profiled that are part of our coverage like Onefinestay (United Kingdom) and Atraveo (Germany). Considering Market by Pricing, the sub-segment i.e. License based will boost the Short-Term Vacation Rentals market. Considering Market by Features, the sub-segment i.e. Higher Rental Income Potential will boost the Short-Term Vacation Rentals market. Considering Market by Verticals, the sub-segment i.e. Individuals will boost the Short-Term Vacation Rentals market.
Latest Market Insights:
In 2019, HomeToGo has acquired Tripping.com. The combination validates the market and the consumers can benefit from the same aggregation of fragmented supply, price discovery, and rich search capabilities when booking their vacation rentals.
In 2020, Booking.com has launched weekly and monthly rates for short-term rental operators to better cater. With the addition of these plans, Booking.com enables to capture both additional demand and additional supply for long-term stays.
What Can be Explored with the Short-Term Vacation Rentals Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Short-Term Vacation Rentals Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Short-Term Vacation Rentals
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Short-Term Vacation Rentals market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Short-Term Vacation Rentals market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Short-Term Vacation Rentals Regulatory Bodies, Potential Investors, Research and Development Institutes and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.
Frequently Asked Questions (FAQ):1. What is the growth rate predicted for the Global Short-Term Vacation Rentals Market?
The Short-Term Vacation Rentals market is expected to see a CAGR of % during projected year 2021 to 2027.
2. Who are the top performing companies in Short-Term Vacation Rentals Market?
Top performing companies in the Global Short-Term Vacation Rentals market are Homestay.com (Ireland), HomeToGo (Germany) Tripping.com (United States), Expedia Group (United States), Tripadvisor (United States), Booking.com (Netherlands), Vrbo (United States), Airbnb (United States), 9flats (Singapore) and Interhome (Switzerland), to name a few.
3. What trending factors would impact Short-Term Vacation Rentals Market growth most?
"High Spending on Travel, Vacations, and Accommodation" is seen as one of major influencing trends for Short-Term Vacation Rentals Market during projected period 2021-2027.