Local regulations that were in place by June 1, 2011, are grandfathered in and can override the state restrictions. The result is a patchwork of different rules for vacation rentals in different communities throughout the state. As the local governments can regulate short-term rentals in some ways, but state law prevents them from banning short-term vacation rentals or regulating how often properties can be rented out or how long guests must stay.

The article cited AMA's "Global Vacation Rental Market Study" explored CAGR of 7.0%. According to the report, Instant bookings is one of the primary growth factors for the market. Growing Tourism Industry is also expected to contribute significantly to the Vacation Rental market growth. Overall, applications of Vacation Rental, and the growing awareness of them, is what makes this segment of the industry important to its overall growth. The Management Model, such as Primary Residence Renter, is boosting the Vacation Rental market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.The Urbanisation Accommodation , such as Beach, is boosting the Vacation Rental market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.The Booking Mode, such as Online, is boosting the Vacation Rental market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.The Accommodation, such as Rental apartments, is boosting the Vacation Rental market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.

AMA’s Analyst on the Global Vacation Rental market identified that the demand is rising in many different parts of the world as "The Growing Tourism Industry in Europe & America". Furthermore, some recent industry insights like "Recently, Expedia Group, Inc. has announced the acquisitions of Pillow, a software solution that will support building owners and managers empower their long-term residents to rent their residences. ApartmentJet, a software solution enabling the rental of guest suites in multifamily communities." is constantly making the industry dynamic.

The report provides an in-depth analysis and forecast about the industry covering the following key features:
o Industry outlook including current and future market trends, drivers, restraints, and emerging technologies
o Analyses the Global Vacation Rental market according to Type, Application, and regions
o Analyzes the top 10 players in terms of market reach, business strategy, and business focus
o Provides stakeholders’ insights and key drivers & trends of the market

**The market is valued based on weighted average selling price (WASP) and includes any applicable taxes on manufacturers. All currency conversions used in the creation of this report have been calculated using constant annual average 2018 currency rates.

Market Size Estimation
In market engineering method, both top-down and bottom-up approaches have been used, along with various data triangulation process, to predict and validate the market size of the Vacation Rental market and other related sub-markets covered in the study.

o Key & emerging players in the market have been observed through secondary research.
o The industry’s supply chain and overall market size, in terms of value, have been derived through primary and secondary research processes.
o All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.

Have a look at complete Table of Content: Global Vacation Rental Market Study

Data Triangulation
The overall Vacation Rental market size is calculated using market estimation process, the Vacation Rental market was further split into various segments and sub-segments. To complete the overall market engineering and arriving at the exact statistics for all segments and sub-segments, the market breakdown and data triangulation procedures have been utilized, wherever applicable. The data have been triangulated by studying various influencing factors and trends identified from both demand and supply sides of various applications involved in the study. Along with this, the Global Vacation Rental market size has been validated using both top-down and bottom-up approaches.