WILMINGTON, Del. , Aug. 20, 2024 /PRNewswire/ -- Allied Market Research published a report, titled, " Vacational Rental Market by Accommodation (Home, Condos, Hometown and Villas), Price Point (Economic, Mid-Range, and Luxury), Booking Type (Online Travel Agency, Direct Booking and Others), Location Type (Resort Area, Rural Area, Small Town and Others), and End User Generation (Gen Z, Millennials, Gen X, and Boomers): Global Opportunity Analysis and Industry Forecast, 2024-2033" .
According to the report, the vacational rental market was valued at $97.8 billion in 2023, and is estimated to reach $279.5 billion by 2033, growing at a CAGR of 11.
2% from 2024 to 2033. Download Sample Pages of Research Overview: https://www.alliedmarketresearch.
com/request-sample/A06557 Prime determinants of growth The primary drivers of the expansion of the vacation rental market include rise in demand for distinctive travel experiences, driven by people's need for flexibility and space, and technological developments that simplify booking procedures. Furthermore, cost-effectiveness of immersive travel experiences in comparison to traditional hotel accommodations is contributing to its increasing popularity. Moreover, maintenance of high-quality standards, address to security concerns, and adoption of several opportunities for market expansion and innovation are essential for sustained growth.
Report coverage & details: Procure Complete Report (250 Pages PDF with Insights, Charts, Tables, and Fig.