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new York, June 18, 2021 /PRNewswire/–The global vacation rental market is expected to grow by USD 62.97 billion during the period 2020-2024, with a compound annual growth rate of nearly 7% during the forecast period. The report provides the latest analysis on current market conditions, the latest trends and drivers, and the overall market environment.
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The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. 9flats.com Pte Ltd., Airbnb Inc., Booking Holdings Inc., Expedia Group Inc., Hotelplan Holding AG, MakeMyTrip Pvt. Ltd., NOVASOL AS, Oravel Stays Pvt. Ltd., TripAdvisor Inc. and Wyndham Destinations Inc. are Some major market participants.
Adopting effective promotional strategies will provide huge growth opportunities. In order to take advantage of current opportunities, market suppliers must gain a foothold in the fast-growing market segment while maintaining their position in the slow-growing market segment.
2020-2024 Vacation Rental Market: Segmentation
The vacation rental market is segmented as follows:
- management
- Owner management
- Professional management
- Geographic landscape
- Asia-Pacific
- Europe
- mine
- North America
- South America
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Holiday Rental Market 2020-2024: Vendor Analysis and Scope
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