Capitalizing on the $147 Billion Vacation Rental Market - GlobeNewswire
Summary
A recent report highlights the $147 billion vacation rental market. This means hosts should be aware of the large market opportunity and consider strategies for capturing a share of the revenue.
Key Insights
- •The vacation rental market is valued at $147 billion.
Action Items
- ✓Consider researching market trends and pricing strategies to maximize your revenue within the large vacation rental market.Effort: lowImpact: medium
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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