What is Vacation Rental Software Market?
Vacation rental software is a type of property management software used by property owners of houses, apartments and condos, to manage the reservations and marketing of their properties for vacation goers as an alternative to hotels. It helps to automate many operational tasks from bookings to the guest experience. Many of the vacation rental software solutions are also used by small b&bs who need real-time business management capabilities. The factors such a High Benefits of the Vacation Rental Software such as Saved Time, Reduced Human Error and Increased Revenue, as well as Increased Awareness about Vacation Rental Homes, are driving the global vacation rental software market.
Highlights from Vacation Rental Software Market Study
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Key Companies Profiled | Avantio (Spain), Kigo, Inc. (Spain), Hostfully (United States), Guesty (Israel), Kigo Inc. (Spain), Virtual Resort Manager (United States), OwnerRez (United States), BookingSync (France), Ciirus Inc. (United States) and Rental Network Software (RNS) (United States) |
The companies are exploring the market by adopting expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions across the globe to gain a competitive advantage through combined collaborations. Research Analyst at AMA predicts that United States Players will contribute to the maximum growth of Global Vacation Rental Software market throughout the forecasted period.
Avantio (Spain), Kigo, Inc. (Spain), Hostfully (United States), Guesty (Israel), Kigo Inc. (Spain), Virtual Resort Manager (United States), OwnerRez (United States), BookingSync (France), Ciirus Inc. (United States) and Rental Network Software (RNS) (United States) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are Trekadoo LLC (United States) and Convoyant LLC (United States). Vacation Rental Software Market Segmentation:
Scope | Sub-Segments |
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Application / End User | Homeowners and Agency |
Platform | Mobile Based,PC Based |
Deployment | Cloud-Based,On-Premise |
Features | Payment Processing,Commission Management,Reservations Management,Work Order Management,Multi-calendar,Reservation Management,Channel Management,Others |
Pricing Model | Free Trial,Monthly Subscription,Annual Subscription,One-Time License |
On the basis of geography, the market of Vacation Rental Software has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increased Penetration of the Internet
Market Growth Drivers:
High Benefits of the Vacation Rental Software such as Saved Time, Reduced Human Error and Increased Revenue and Increased Awareness about Vacation Rental Homes
Challenges:
Technological Complexities Associated with Vacation Rental Software
Restraints:
Absence of Pricing Regulations
Opportunities:
Increasing Complexities in Vacation Rental Business and Rising Demand from End-users
Key Target Audience
Vacation Rental Software Developers, Emerging Companies, Research Professionals and End-users