Pune, Maharashtra -- (SBWire) -- 09/08/2023 --The Latest Study Published by HTF MI Research on the "Short-Term Rental Platforms Market'' evaluates market size, trend and forecast to 2029. The Short-Term Rental Platforms market study includes significant research data and evidences to be a practical resource document for managers and analysts is, industry experts and other key people to have an easily accessible and self-analysed study to help understand market trends, growth drivers, opportunities and upcoming challenges as well as information about the competitors. Some of the Major Companies covered in this Research are HomeAway (United States), Vrbo (United States), Wimdu (Germany), 9flats (Germany), HouseTrip (Switzerland), Only-apartments (Spain), Housetrip (United Kingdom), Windu (France), ZenRooms (Singapore), Rakuten Stay (Japan).
According to HTF Market Intelligence, the Global Short-Term Rental Platforms market to witness a CAGR of 16.9% during forecast period of 2023-2028. Global Short-Term Rental Platforms Market Breakdown by Accommodation (House, Hotel, Hostel, Others) by Deployment Mode (Cloud Based, Web Based, On Premises) by End User (Individual, Business, Others) and by Geography (North America, South America, Europe, Asia Pacific, MEA). The Short-Term Rental Platforms market size is estimated to increase by USD 20250.7 Million at a CAGR of 16.9% from 2023 to 2028. The report includes historic market data from 2018 to 2022E. Currently, market value is pegged at USD 4495.3 Million.
Download Sample Report PDF (Including Full TOC, Table & Figures) @: https://www.htfmarketintelligence.com/sample-report/global-short-term-rental-platforms-market
As an alternative to conventional hotels and guesthouses, short-term rental platforms have revolutionised how people travel and reserve lodging. These online services, including Airbnb, Home Away, and Booking.com, link visitors with property owners or hosts who rent out their homes for brief visits. The development of these platforms has brought about a new paradigm in the hospitality sector, enabling guests to choose distinctive and customised lodging while giving property owners a chance to make money from their vacant rooms. These online marketplaces provide a variety of residences, from single rooms to complete houses, allowing visitors to select lodgings that meet their needs and budget. Travellers may now more easily identify and confidently reserve their ideal lodgings thanks to short-term rental platforms' user-friendly interfaces, thorough search filters, and transparent reviews. The advent of platforms for short-term rentals has benefited local economies by enabling homeowners to make additional revenue and encouraging travel to less well-known regions. However, discussions about these platforms' effects on housing supply, rental costs, and the general tourist environment in some places have been raised by their explosive rise.
Market Drivers
- Desire for unique and authentic travel experiences
- Potential for cost savings compared to hotels and traditional accommodations
- Flexibility and convenience in terms of location, duration, and amenities
- Growth in domestic and international tourism
Market Trend
- Increasing popularity of short-term rentals as an alternative to traditional accommodations
- Growth of the sharing economy and peer-to-peer rental platforms
- Rise of vacation rental marketplaces and booking aggregators
- Integration of technology and digital platforms for seamless rental experiences
Opportunities
- Expansion into emerging markets with a growing tourism industry
- Collaboration with local tourism authorities and destination marketing organizations
- Integration of additional services such as transportation, tour packages, and experiences
Market Challenges:
- Balancing the interests of property owners, guests, and local communities
- Ensuring compliance with local zoning and licensing regulations
- Managing and addressing customer complaints and dispute resolution
- Establishing trust and credibility among both property owners and guests
Market Restraints:
- Regulatory challenges and compliance requirements in different jurisdictions
- Concerns over safety, security, and quality control in short-term rentals
- Competition from established hotel chains and hospitality providers
- Impact of negative reviews and reputational risks
Major Highlights of the Short-Term Rental Platforms Market report released by HTF MI
Global Short-Term Rental Platforms Market Breakdown by Accommodation (House, Hotel, Hostel, Others) by Deployment Mode (Cloud Based, Web Based, On Premises) by End User (Individual, Business, Others) and by Geography (North America, South America, Europe, Asia Pacific, MEA)
Have a query? Market an enquiry before purchase @ https://www.htfmarketintelligence.com/enquiry-before-buy/global-short-term-rental-platforms-market
Geographically, the detailed analysis of consumption, revenue, market share, and growth rate of the following regions:
- The Middle East and Africa (South Africa, Saudi Arabia, UAE, Israel, Egypt, etc.)
- North America (United States, Mexico & Canada)
- South America (Brazil, Venezuela, Argentina, Ecuador, Peru, Colombia, etc.)
- Europe (Turkey, Spain, Turkey, Netherlands Denmark, Belgium, Switzerland, Germany, Russia UK, Italy, France, etc.)
- Asia-Pacific (Taiwan, Hong Kong, Singapore, Vietnam, China, Malaysia, Japan, Philippines, Korea, Thailand, India, Indonesia, and Australia).
Informational Takeaways from the Market Study: The report Short-Term Rental Platforms matches the completely examined and evaluated data of the noticeable companies and their situation in the market considering impact of Coronavirus. The measured tools including SWOT analysis, Porter's five powers analysis, and assumption return debt were utilized while separating the improvement of the key players performing in the market.
Key Development's in the Market: This segment of the Short-Term Rental Platforms report fuses the major developments of the market that contains confirmations, composed endeavours, R&D, new thing dispatch, joint endeavours, and relationship of driving members working in the market.
Buy Complete Assessment of Short-Term Rental Platforms Market Now @: https://www.htfmarketintelligence.com/buy-now?format=1&report=3782
Some of the important question for stakeholders and business professional for expanding their position in the Short-Term Rental Platforms Market:
Q 1. Which Region offers the most rewarding open doors for the market Ahead of 2022?
Q 2. What are the business threats and Impact of latest scenario over the market Growth and Estimation?
Q 3. What are probably the most encouraging, high-development scenarios for Short-Term Rental Platforms movement showcase by applications, types and regions?
Q 4.What segments grab most noteworthy attention in Short-Term Rental Platforms Market in 2021 and beyond?
Q 5. Who are the significant players confronting and developing in Short-Term Rental Platforms Market?
Short-Term Rental Platforms Market Study Coverage:
- It includes major manufacturers, emerging player's growth story, and major business segments of Short-Term Rental Platforms market, years considered, and research objectives. Additionally, segmentation on the basis of the type of product, application, and technology.
- Short-Term Rental Platforms Market Executive Summary: It gives a summary of overall studies, growth rate, available market, competitive landscape, market drivers, trends, and issues, and macroscopic indicators.
- Short-Term Rental Platforms Market Production by Region
- Short-Term Rental Platforms Market Profile of Manufacturers-players are studied on the basis of SWOT, their products, production, value, financials, and other vital factors.
- Key Points Covered in Short-Term Rental Platforms Market Report: Overview, drivers and barriers
- Short-Term Rental Platforms Market Competition by Manufacturers
- Short-Term Rental Platforms Market Capacity, Production, Revenue (Value) by Region (2023-2029)
- Short-Term Rental Platforms Market Supply (Production), Consumption, Export, Import by Region (2023-2029)
- Short-Term Rental Platforms Market Manufacturers Profiles/Analysis
- Short-Term Rental Platforms Market Manufacturing Cost Analysis, Industrial/Supply Chain Analysis, Sourcing Strategy and Downstream Buyers, Marketing
- Strategy by Key Manufacturers/Players, Connected Distributors/Traders Standardization, Regulatory and collaborative initiatives, Industry road map and value chain Market Effect Factors Analysis.
Browse Complete Summary and Table of Content @: https://www.htfmarketintelligence.com/report/global-short-term-rental-platforms-market
Thanks for reading this article; you can also get individual chapter wise section or region wise report version like North America, LATAM, Europe or Southeast Asia.
About Author:
HTF Market Intelligence consulting is uniquely positioned empower and inspire with research and consulting services to empower businesses with growth strategies, by offering services with extraordinary depth and breadth of thought leadership, research, tools, events and experience that assist in decision making.
