The global vacation rental market is expanding at a rapid pace. According to a study by Technavio, the industry was worth $137.77 billion in 2016 and is predicted to reach a net value of $193.89 billion by 2021.
This past June, HomeAway announced upcoming changes to their listing inquiries experience, which affect HomeAway’s listing inquiries when a guest has a question regarding a property they are interested in.
If you survey news articles on short-term rental regulations, you will quickly see that nuisance issues often bring about the restrictive ordinances we are seeing rise across the globe.
New technology, greater distribution channels, major acquisitions, new regulations and more! As the state of the vacation rental industry continues to transform, Mike Copps, VRMA Executive Director, sat down with VQuarter to give his take on the winds of change in the market.
With the masterpiece that is HBO’s Game of Thrones, based on the books by George RR Martin, about to enter its seventh season, I could not help but think of a similar epic struggle closer to our own world: One of dominance in the vacation rental industry.