The global vacation rental market size is expected to grow at a CAGR of 6.51% during the forecast period. Based on management, the global vacation rental market has been segmented into Managed by owners and Professionally managed. As per the latest market research report published by Technavio, the global vacation rental market size has the potential to grow by USD 62.97 billion during 2020-2024 and the market’s growth momentum will accelerate throughout the forecast period. Get the free sample report below for the detailed information.
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The managed by owners segment comprises vacation rental properties managed by owners. Increased personal interaction and improved customer inclination are expected to drive the growth of the managed by owners segment. There is also a significant demand for premium properties, which provide transparency and better connectivity.
The players in the managed by owners segment are yet to fully tap the potential of the online medium. This limits the segment growth to a certain extent. Customers benefit from the advantage of low or minimal booking fees while lodging in such properties. However, this reduces the profitability of vendors in the vacation rental market. Hence, the global vacation rental market size by the managed by owners segment is expected to grow steadily during the forecast period. To know the complete and in-depth analysis and forecast of this market get the complete report by clicking the link below.
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