INDUSTRY SPOTLIGHT
Vacation Rentals
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Vacation rentals industry overview
The market for vacation rentals is growing rapidly – forecast to hit $170 billion by 2023 – driven by changing travel patterns and a shift in the way people want to travel. Instead of relying on traditional hotel experiences, more and more people want to stay in a home away from home, in a more personalised environment. Online booking platforms also make it easier than ever for owners to advertise and manage their properties.
Why it matters:
Vacation rentals offer more flexibility, privacy and often cheaper than a hotel room for both short-term and long-term stays.
- Demand for vacation rentals is growing in urban areas as well as remote places, as ‘digital nomads’ and eco-conscious travellers head for off-the-beaten-track destinations.
- The growth of the sector provides enormous financial incentives for property owners, especially in hotspot locations such as coastal areas.
Between the lines:
Vacation rental business has been growing at a very fast pace over the last few years, but it is also affected by growing competition and government regulations.
- Booking engines are the main online outlets but, with fees beginning to bite and cut into margins, many owners are seeking direct bookings.
- Property owners must also contend with regional restrictions and rising operational costs, including cleaning and platform fees, to remain profitable.
Our expert team is equipped with the knowledge needed to develop successful, investment-worthy ventures in the Vacation rentals sector
What we do:
We help to secure necessary venture funding, find profitable M&A options, and craft impeccable Vacation rentals pitch decks and business blueprints.
Go deeper:
Explore our Vacation rentals market analysis to learn about the latest trends, startup challenges, and key strategies for securing investment.
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