Albany, NY -- (SBWIRE) -- 02/16/2017 -- 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.

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Technavios analysts forecast the global vacation rental market to grow at a CAGR of 7.07% during the period 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

Technavio's report, 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.

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Key vendors
Airbnb
HomeAway
TripAdvisor
Wimdu
Wyndham Worldwide
World Travel Holdings

Other prominent vendors
At Home Abroad
OnlineVacationRentals.com
priceline.com
Rentalo
Roomorama
Villas International

Market driver
Increased investment in vacation rental homes
For a full, detailed list, view our report

Market challenge
Low conversion rate of lead to transaction
For a full, detailed list, view our report

Market trend
Proliferation of vacation rental business services
For a full, detailed list, view our report

Key questions answered in this report
What will the market size be in 2021 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors?

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