According to the study, High Spending on Travel, Vacations, and Accommodation is one of the primary growth factors for the market. Growing Owner Focus towards Short-Term Vacation Rentals due to Consistent Income and Easier to Manage is also expected to contribute significantly to the Short-Term Vacation Rentals market. Overall, applications of Short-Term Vacation Rentals, and the growing awareness of them, is what makes this segment of the industry important to its overall growth. The presence of players such as 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) pushing strong cash flow in Market which is also a key in driving revenue growth.
AMAs Analyst on the Global Short-Term Vacation Rentals market identified that the demand is rising in many different parts of the world as "Traveler Preference towards Short-Term Vacation Rentals". Furthermore, some recent industry insights like "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." is constantly making the industry dynamic. One of the challenges that industry facing is "High Competition from Surrounding Properties"
The report provides an in-depth analysis and forecast about the industry covering the following key features:
Detailed Overview of Short-Term Vacation Rentals market will help deliver clients and businesses making strategies. Influencing factors that thriving demand and latest trend running in the market What is the market concentration? Is it fragmented or highly concentrated? What trends, challenges and barriers will impact the development and sizing of Short-Term Vacation Rentals market SWOT Analysis of profiled players and Porter's five forces & PEST Analysis for deep insights. What growth momentum or downgrade market may carry during the forecast period? Which region may tap highest market share in coming era? What focused approach and constraints are holding the Short-Term Vacation Rentals market tight? Which application/end-user category or Product Type [Traditional Leisure Vacation Rentals, Short-Term Urban Rentals, Primary Residential and Shared Home Rental and Others] may seek incremental growth prospects? What would be the market share of key countries like Germany, USA, France, China etc.?
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 Short-Term Vacation Rentals market and other related sub-markets covered in the study.
o Key & emerging players in the Short-Term Vacation Rentals market have been observed through secondary research. o The industrys 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.
Data Triangulation The overall Short-Term Vacation Rentals market size is calculated using market estimation process, the Short-Term Vacation Rentals 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 Short-Term Vacation Rentals market size has been validated using both top-down and bottom-up approaches.