Short-Term Vacation Rental Market Size, Share | CAGR of 11.6% - Market.us
Summary
Market.us reports the short-term vacation rental market is experiencing significant growth, with a projected compound annual growth rate (CAGR) of 11.6%. This indicates a positive outlook for the industry, potentially creating more opportunities for hosts. This growth could lead to increased competition and the need for hosts to optimize their strategies.
Key Insights
- •The short-term vacation rental market is projected to have a CAGR of 11.6%.
Action Items
- ✓Consider researching market trends and demand in your area to assess the potential for growth.Effort: lowImpact: medium
Tools & Resources
- →Market.us: Market.us published the report.
More from Getting Started
This article from GreekReporter.com reports that Greece is climbing the European short-term rental rankings. While specific details on the rise are not provided in this short article, this suggests a growing opportunity for hosts. It implies increased demand in the Greek market, which presents a dynamic opportunity for STR investors.
Ennismore plans to expand its hotel presence in India, with its first hotel under the Morgans Originals brand, Roswyn, already soft-opened in Mumbai. Following the Mumbai debut, the company plans to open a Hoxton hotel in Bengaluru and is actively exploring further expansion opportunities, recognizing the market's readiness for a luxury lifestyle product.
The short-term rental market's growth is slowing, according to eKathimerini.com. This shift may affect occupancy rates and revenue for hosts. Understanding market trends is crucial for adapting pricing and marketing strategies, ensuring continued profitability.
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