Market Snapshot:
Short-term rental platform offers the facility to book hotels, houses, villas, or any other property to travelers for short-term accommodation. Increasing disposable income of people and comfort level has led consumers towards short-term rentals. Short-term rentals have taken a hit after the pandemic due to the increasing hygiene & safety concern and traveler looking for specious and tech-enabled rentals to make stays memorable. Some of the platforms also offer other services like ticket booking, ride-sharing, car rentals, etc. to their customers.
Highlights from Short-Term Rental Platform Market Study
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
The key Players profiled in the report are JLL (United Kingdom), Airbnb (United States), Vrbo (United States), Vacasa (United States), TurnKey Vacation Rentals, Inc. (United States), Booking.com (Netherlands), FlipKey (United States), Hotels.com (United States), HomeToGo (Germany), Tripping.com (United States), Homestay.com (Ireland), Atraveo (Germany) and Interhome (Switzerland).
Geographic Breakdown and Segment Analysis
The Global Short-Term Rental Platform market presents a comprehensive analysis of the Short-Term Rental Platform market by product type (Web-based and Application Based), and by geography (North America, South America, Europe, Asia-Pacific and MEA) along with country level break-up. This section of our report presents a realistic picture of the Global Short-Term Rental Platform industry. Investors and Players can easily understand the inherent opportunities and challenges for their products in geographical region of interest.
For instance, while the holds majority of market share of the Short-Term Rental Platform market
Analyst at AMA have segmented the market study of Global Short-Term Rental Platform market by Type, Application and Region.
Influencing Trend:
Offering of Other Services like Car Rentals, Flight Bookings, Etc. by the Platform and Growing Popularity of Hotel-Like Short-Term Rentals Among the Travelers
Market Growth Drivers:
Rapidly Growing Business Travel Due to Globalization and Easy Availability of Flights and Increasing Use of Digital Platforms to Get Best Suitable Rentals at Affordable Price
Challenges:
Tough Competition in the Market Due to Availability of Major Players and Less Quality Service Offerings
Restraints:
Regulatory Intervention on the Short-Term Rentals May Restrain the Growth
Opportunities:
The Inclination of Consumers Towards the Contactless and Tech-Enabled Stays Due to Covid-19 Pandemic
In September 2021, UK-based real estate service provider JLL launched its short-term rental platform for its positioning as a rival to giants like Airbnb and Booking.com. The platform will offer professionally-managed short-term rental across the UK for leisure and business travelers. JLL provides access to the hotel or serviced apartment as well as premium urban accommodation professionally managed by the world’s most trusted blue-chip operators.
The rising number of players expected to enter the global market is predicted to enhance the competition level as well as encourage the growth of the overall market in the near future. Players are anticipated to focus on the development of new compounds, which is likely to encourage the growth of the global market throughout the forecast period.
Key Target Audience
New Entrants/Investors, Analysts and Strategic Business Planners, Short-Term Rental Platform Providers, Short-Term Rental Providers, Venture Capitalists and Private Equity Firms, Government Regulatory and Research Organizations and Others