Latest news with #vacationrentals
Globe and Mail
3 hours ago
- Business
- Globe and Mail
Vacation Rental Market to Surpass USD 117.03 Billion by 2032
Cost Efficiency of Vacation Rentals and Rise of Online Booking Platforms to Steer Vacation Rental Market Size Past USD 117.03 Billion by 2032 at 5.7% CAGR – Coherent Market Insights According to Coherent Market Insights, The vacation rental market is estimated to be valued at US$ 79.34 Bn in 2025 and is expected to reach US$ 117.03 Bn by 2032, growing at a compound annual growth rate (CAGR) of 5.7% from 2025 to 2032. This industry is fueled by the growing demand for experiential and immersive travel. As travelers increasingly seek personalized and customized vacations, many are choosing full-home or private-room vacation rentals over traditional hotel accommodations. Request Sample Pages: Global Vacation Rental Market Key Takeaways According to Coherent Market Insights (CMI), the global vacation rental market size is projected to expand at a moderate CAGR of 5.7%, reaching USD 79.34 Bn in 2025 and USD 117.03 Bn by 2032. Based on booking mode, offline segment is expected to account for nearly 2/3 of the global vacation rental market share in 2025. By accommodation type, home category is anticipated to hold nearly two-fifths of the global vacation rental industry revenue share by 2025, owing to rising demand for home vacation rentals. In terms of price point, mid-range segment is projected to account for over 36.73 Bn in 2025. North America vacation rental market is set to be valued at around USD 28.72 Bn by 2025. As per Coherent Market Insights' latest vacation rental market analysis, Asia Pacific is expected to exhibit fastest growth. This can be attributed to rising demand for cost-efficient vacation rentals and presence of popular spots for vacation rental properties. Rising Demand for Experiential Travel Fueling Market Growth Coherent Market Insights' latest vacation rental market report highlights major factors fueling the industry's growth. One such prominent growth driver is the increasing demand for experiential travel. Modern travelers, particularly millennials and Gen Z, are increasingly seeking unique and immersive experiences that reflect the local culture. This is expected to drive demand for vacation rentals as they provide authentic accommodations that align better with this trend. Vacation rentals offer home-like environments, flexibility, and opportunities to stay in residential neighborhoods rather than commercial tourist areas. This enhances the overall travel experience by enabling guests to live like locals. Regulatory Challenges and Competition from Hotels Limiting Growth The prospective vacation rental market outlook appears optimistic. However, regulatory challenges and competition from traditional hotels are expected to limit market growth to some extent during the assessment period. Many countries and cities impose strict regulations on short-term rentals, including zoning restrictions and licensing requirements. These regulatory measures are expected to limit expansion of the vacation rental market. Travelers who prioritize a standardized experience often choose hotels as they offer predictable service and amenities. This preference might also lead to reduced vacation rental market demand in the coming years. Impact of AI on the Vacation Rental Market From enhancing personalization to improving guest experiences, Artificial Intelligence (AI) is significantly impacting the vacation rental industry. Its adoption enables companies to deliver more efficient and tailored services to travelers. AI-powered tools help hosts dynamically optimize pricing as well as predict demand and automate guest communications through chatbots. Platforms use machine learning to offer smarter property recommendations, while predictive analytics assist property managers in making data-driven decisions. This increased efficiency not only boosts occupancy rates and revenue but also enhances customer satisfaction. Courtesy of this, AI is becoming a key driver of innovation and competitiveness in the vacation rental industry. Agoda is a recent example of a company successfully integrating AI into its services. In 2025, the company unveiled its AI-enabled Vacation Planner tailored for Indian travelers. This cutting-edge tool instantly generates fully personalized itineraries, making vacation rental planning seamless and highly customized. Rise of Online Booking Platforms Unlocking Growth Opportunities The cost-effectiveness of vacation rentals is acting as a catalyst encouraging their adoption. Vacation rentals often provide more space and amenities at a lower cost compared to hotels. As consumer demand for affordable travel continues to grow, the vacation rental market is expected to benefit significantly. Rising popularity of online booking platforms is expected to create lucrative growth opportunities for vacation rental companies. Platforms like Vrbo and Airbnb are making it easy for travelers to find, compare, and book rentals globally. They also empower property owners to list and manage their properties. Emerging Vacation Rental Market Trends Growing popularity of remote work is set to positively impact the global vacation rental market value. Many remote workers prefer vacation rentals for long-term stays or as comfortable, quiet workstations away from traditional offices or crowded hotels. Sustainability is emerging as a key growth-shaping trend in the vacation rental industry. Eco-conscious travelers are prioritizing green accommodation, prompting hosts to adopt sustainable practices like solar energy and eco-friendly products. Rising popularity of hyper-personalization is significantly impacting growth of vacation rental sales. Modern travelers increasingly seek customized experiences, right from local recommendations to curated itineraries and personalized amenities. This is driving demand for vacation rentals that offer a more individualized stay. Leading vacation rental platforms are integrating advanced technologies like IoT devices and smart tech to enhance guest convenience and security. This technological integration is anticipated to provide a strong thrust for the growth of vacation rental market. Analyst's View 'The global vacation rental market is poised to record moderate growth, owing to resurgence of global travel and tourism, rising preference for experiential travel, and expanding use of online booking platforms,' said a senior analyst at CMI. ' Cost-efficiency of vacation rentals is also contributing to their growing popularity and demand.' Current Events and Their Impact on the Vacation Rental Market Competitor Insights Key companies listed in vacation rental market research report: - Hotelplan Management AG - Yatra Online Private Limited - - OYO Hotels & Homes - Hotwire, Inc. - Agoda Company Pte. Ltd. - Inc. - HotelsCombined - KAYAK - - Google - Booking Holdings Inc. - LLC - Airbnb Inc. - Hotelplan Holding AG - Expedia Group Inc. - MakeMyTrip Pvt. Ltd. - Oravel Stays Pvt. Ltd. - NOVASOL AS - TripAdvisor Inc. - Wyndham Destinations Inc. Buy this Complete Business Research Report: Key Developments In April 2025, Garnett Station Partners launched Stayterra, a newly formed premium vacation rental management collection. Stayterra aims to provide elevated, professionally managed vacation rental experiences in highly sought-after destinations across the United States. In March 2025, MakeMyTrip introduced a new AI-powered feature called Collections aimed at personalizing homestay and hotel discovery for users. The new feature uses artificial intelligence as well as traveler insights to provide tailored recommendations, thereby enhancing user experience. In March 2025, Vrbo unveiled its 2025 Vacation Rentals of the Year, an annual collection highlighting ten standout private vacation rentals across the United States. About Us: Coherent Market Insights leads into data and analytics, audience measurement, consumer behaviors, and market trend analysis. From shorter dispatch to in-depth insights, CMI has exceled in offering research, analytics, and consumer-focused shifts for nearly a decade. With cutting-edge syndicated tools and custom-made research services, we empower businesses to move in the direction of growth. We are multifunctional in our work scope and have 450+ seasoned consultants, analysts, and researchers across 26+ industries spread out in 32+ countries.
Travel Daily News
29-05-2025
- Business
- Travel Daily News
Boom partners with ICND for short-term rental operators
Boom integrates with ICND, empowering vacation rental managers to boost direct bookings, enhance branding, and optimize operations through AI tools. MIAMI, FL, and OCEAN ISLE BEACH, NC – Boom, the AI property management system (AiPMS), has announced its integration with InterCoastal Net Designs (ICND), providing vacation rental managers with best-in-class direct booking websites and new tools to supercharge revenue. The integration enables Boom users to seamlessly pair ICND's high-performance websites and booking engine with Boom's AiPMS. This provides operators a complete end-to-end solution that grows direct bookings, builds brand presence, and increases profitability. ICND helps short-term rental managers create customized, sleek, and user-friendly websites optimized for performance, conversion, and guest experience. This integration allows ICND to plug websites directly into Boom's AI platform, giving property managers ultimate flexibility without sacrificing functionality. Boom places AI at the heart of property managers' operations, handling everything from guest messaging and task assignment to maintenance and review management. Boom's powerful AI also collects data and creates dashboards to allow property managers a 360-degree view of their operations at all times. With this strategic overview and the day-to-day administration out of the way, property managers can focus on truly growing their business, and optimizing their channel mix. Boom's AI sales agent is a key part of that strategy. Operating 24/7, the sales agent negotiates rates with prospective guests in real time, adapting its tone, language, and cultural expectations to make guests feel at home before they even start their trip. This capability boosts booking volumes by 10–30% and increases ADR by securing higher-value guests and personalizing recommendations. Shahar Goldboim, CEO and Co-Founder of Boom, said: 'Direct bookings are a key part of many property managers' revenue strategy, and this partnership supports them to expand their channel mix where it makes sense for them, as well as building their brand to attract new homeowners and grow their brand. This partnership helps operators take control of their brand and guest relationships, while our AiPMS handles the operations in the background.' Brandon Sauls, President of ICND, said: 'For vacation rental managers who are serious about ensuring the longevity of their companies, a powerful and attractive branded website is the storefront they need. Our partnership with Boom is an important step in helping managers to take control of their revenue and booking streams, with cutting-edge AI technology at the fore.'
Globe and Mail
28-05-2025
- Business
- Globe and Mail
InsuraGuest Reports 15% Gross Margin Growth and 54% Reduction in Net Loss Year-Over-Year
Vancouver, British Columbia--(Newsfile Corp. - May 28, 2025) - InsuraGuest Technologies, Inc.® (TSXV: ISGI) (OTCQB: ISGIF) ("InsuraGuest" or the "Company"), a leading innovator in the Insurtech space, has announced its financial results for the nine months ended March 31, 2025, highlighting significant growth and improved financial efficiency. The Company achieved a 15% year-over-year increase in gross margin dollars driven by a $47,476 boost in revenue and an improvement in gross margin percentage from 61% to 65.8%. The expansion of vacation rental properties and a full nine months of revenue from our newest customer contributed to this upward trend. Additionally, strategic cost management efforts led to a 54% reduction in comprehensive loss, decreasing from $379,720 to $174,731. "We continue to expand our vacation rental portfolio and enhance our insurtech solutions," says President Reed Wright. "Our technology stack and products are increasingly recognized as industry leaders in the vacation rental, hotel, and events sectors, fueling revenue growth and driving us towards profitability." About InsuraGuest Technologies Inc. Harnessing the Power of Technology to Reinvent Insurance InsuraGuest Technologies (TSXV: ISGI) (OTCQB: ISGIF) is an innovative Insurtech company delivering insurance and warranty coverages to vacation rentals, hotels, resorts, and ticketed events. The Company offers tech-driven risk management solutions in the hospitality sector and continues to expand its offerings to meet market demands. CA / LIC: 6001686 For more information, visit the company's website at: The Information set forth in this news release contains forward-looking statements that are based on assumptions as of the date of this news release. These statements reflect management's current estimates, beliefs, intentions, and expectations. There is no assurance that this new business product offering or other planned products will be successful. The insurance and hospitality industries face increasing, and every-changing governmental regulation. The insurance industry is intensely competitive, and the Company's competitors have significantly more resources than the Company. Acceptance by potential customers is difficult to predict, particularly in the case of new products and disruptive technologies. If the Company fails to achieve market acceptance, this will significantly impact its results and financial resources. Achieving market acceptance may require advertising budgets that exceed the Company's current resources and require the Company to seek additional debt or equity financing. There is no assurance that such financing will be available at reasonable prices or at all.
Associated Press
27-05-2025
- Business
- Associated Press
Honolulu sees doubling of vacation rental registrations under new rules
As Honolulu cracks down on illegal vacation rentals, registrations of units in sanctioned resort areas have more than doubled in the year since the process was streamlined. But neighbors complain some owners are still holding out — avoiding the higher tax rate and costing the city revenue. Short-term rentals aren't allowed in residential areas, a restriction intended to prevent neighborhoods from being overrun by tourists at the expense of local residents. Instead, the units can operate in the island's five resort zones and some surrounding areas as long as their owners register with the city and pay an initial $1,000 fee along with $500 each year to renew. Although making the registration process less cumbersome has helped, city officials say they're focused on complaints about illegal short-term rentals in residential areas and don't even know how many unregistered units may be operating in the resort zones. Owners who followed the rules expressed frustration at having to pay the higher tax rate while others continue to rent their properties without regulation, underscoring the intractability of the problem as Honolulu grapples with how best to navigate the pressures of a tourism-driven economy. 'It really makes me feel angry,' said Kuilima Estates East short-term rental owner Michael Heh. He said he and his wife jumped through all the required hoops while others have escaped regulation, which also enables them to host more people than allowed by law. 'They're escaping the higher property taxes, and they're able to rent to six (people) instead of four,' he said as an example, bringing in more money per night and crowding communal spaces. Simplifying The Registration Process The city began requiring short-term rental owners to register in 2022 as Airbnb and other rental platforms grew in popularity, prompting complaints about rowdy behavior and parking as some neighborhoods became crowded with tourists. But the process was cumbersome. 'It required a lot of documents,' said Pam Taylor, who with her husband Bryan Taylor owns a one-bedroom unit at Turtle Bay's Kuilima Estates East. The Taylors, who live in Utah, purchased the unit in 2019 after their Kahuku-based son got tired of them sleeping on his couch during their visits to the island. They said it took nearly a month to register their property in 2022. It helped that Bryan Taylor was familiar with some of the paperwork required through his experience in the mortgage business. Honolulu passed a law to streamline the process last year, requiring fewer official tax certificates, instead allowing website screenshots and attestations that the city can follow up on if needed, among other changes. The number of properties registered as short-term rentals rose from 680 on July 3 to just over 1,000 properties by Sept. 18, then to about 1,380 as of last week, according to Department of Planning and Permitting spokesperson Davis Pitner. Like many cities, Honolulu's biggest source of money is property taxes. Different users pay different rates: Residential units where the owner doesn't live on the property are charged one of the lowest rates, at 0.04% for their first million dollars of assessed value and 1.14% for everything over that. Hotels and resorts are charged the highest rate, at 1.39% of all assessed value. Short-term rentals don't fit neatly into either of those categories. That's why the city recently created a new transient vacation classification, which it set last year at 0.09% for the first million dollars of assessed value and 1.15% for everything over that. That means a million-dollar short-term rental unit should be paying $9,000 each year rather than the $4,000 required of non-owner occupied residences. At that rate, city officials estimated last year, short-term rentals could bring in about $16 million of annual property tax revenue. That number is projected to rise to $17.8 million next fiscal year, spokesperson Ian Scheuring said in a text. Scheuring said it's difficult to know how many eligible properties aren't correctly registered, so the city doesn't have an estimated dollar amount of what it's missing out on. Kuilima Estates East is in Turtle Bay, one of Oʻahu's five sanctioned resort zones. The others are Waikīkī, Ko Olina, Mākaha and Hoakalei. About 80% of the complex's 168 units are used as short-term rentals, Bert Wilkinson, president of the Kuilima Estates East HOA, said Friday. Of that 80%, he said, a little more than half were registered with the city as of December. Owners at Kuilima Estates East were reminded to register their short-term rentals during a recent homeowners association meeting ahead of a heavy tourist season. Like the city, the HOA doesn't know exactly how many neighbors are supposed to register but still haven't. Enforcement Is Coming People don't register their units largely because it would mean higher property taxes and because of a lack of city oversight, Oʻahu Short Term Rental Alliance director Jill Paulin said. 'They're not enforcing,' she said. 'That's the biggest reason.' Enforcement against registration scofflaws is coming eventually. Pitner said the city is finalizing a template to give notices of violation to people who don't register, but he declined to give an estimated timeline. Meanwhile, the city is picking its battles, focusing on complaints that point in the direction of illegal units operating where they shouldn't in residential areas. 'If you're in the resort areas, we presume that you're able to do these things,' Department of Planning and Permitting director Dawn Takeuchi Apuna said at a council hearing last year. 'Just pay the fee and let us know, and then we can be more focused on enforcing against illegal (short-term rentals).' ___ This story was originally published by Honolulu Civil Beat and distributed through a partnership with The Associated Press.
New York Times
25-05-2025
- Business
- New York Times
Some Sneaky Fees Can No Longer Hide. But Watch Out for Others.
Everyone who has shopped online for hotel rooms, vacation rentals or plane tickets has had the experience of finding a reasonable upfront price that then skyrockets at checkout because of undisclosed fees. Common culprits include the dreaded resort fee, vacation rental cleaning fees and, on some airlines, the cost of choosing seats. Such annoying costs that creep in at the end of the transaction are widely known as junk fees, which complicate the process of making apples-to-apples price comparisons. A Federal Trade Commission rule went into effect this month preventing hotels, vacation rentals and ticketing services for live entertainment events from obfuscating extra costs. Those types of businesses are now required to show an upfront price that includes all fees, and they are not allowed to tack on any at the end. This win for consumers will radically change the way we make bookings online for travel and entertainment. The F.T.C. estimates that Americans waste 53 million hours a year comparing prices on live-event tickets and short-term lodging. Now, we can do a quick web search to get a price comparison across multiple vendors and pick the option that suits our budget. But — and I'm sorry to be a buzzkill — this is where the good news ends. Hidden fees still lurk in other areas, like airfares, car rental reservations and movie tickets. In other words, the experience of online booking has improved for some categories but not all. 'People really feel nickel-and-dimed to death,' said Chuck Bell, a director at Consumer Reports, who has lobbied against junk fees for years. Here's what to know. Deal Hunting for Hotels and Event Tickets Is Much Easier Because of the new F.T.C. rule, sites that aggregate booking information for hotels, like and Expedia, are now showing total room rates including taxes and all fees. On for example, the site quoted $825 for a two-night stay at a hotel in Midtown Manhattan. After I clicked through, the checkout page showed the breakdown, which included a $60 resort fee and taxes. Similarly, when I'm browsing vacation homes on Airbnb, the total price appears, including the service fee that users pay to the site as well as the cleaning fee charged by a host. Sites selling tickets for live events, including Ticketmaster and StubHub, now show a total cost including their service fees. While the fees themselves have not gone away, the true costs are now transparent. That makes it easier to stick to a budget when shopping around. Brian Kelly, founder of The Points Guy, a blog that follows travel deals, advises that travelers use third-party hotel aggregators like Expedia to compare prices, then book directly with the hotel. If something goes wrong with your hotel reservation, the issue can be resolved more efficiently by the hotel's support staff than by the aggregator, which is essentially a middleman, he added. The F.T.C. said in a statement that it focused on two industries that had a history of deceptive pricing practices. 'Consumers were frustrated with shopping for event tickets or hotel stays, only to be hit with expensive and mysterious fees when they go to pay,' according to the agency's statement. 'Consumers now will have the whole truth.' But Hidden Fees Remain Elsewhere Online bookings get more complicated for other categories, like plane tickets. A search on Alaska Airlines' website showed a flight from New York to San Francisco in June for $320. Only after I clicked through did it become clear that selecting my own seat would cost an extra $200, bringing the total to $520. Airlines were not included in the F.T.C.'s junk fees rule because they are under the jurisdiction of the Department of Transportation, but that agency has been making similar pushes for greater price transparency. Last month, the department announced a rule requiring airlines to display upfront any fees for checked bags and seat selections. The airlines sued the department this month, arguing that the rule would confuse consumers by giving them too much information. As a result, the rule has not yet gone into effect. 'This is an industry that lives on sticker shock,' said William McGee, an aviation expert at the American Economic Liberties Project, a nonprofit that fights corporate monopolies. 'The gotchas just never stop.' He added that consumers would have to continue working diligently to understand the true price of a plane ticket. One useful technique to streamline the research process is to become familiar with the types of fees a business typically adds at checkout. Budget airlines, for example, typically charge for extras. If you're using an airfare comparison tool like Google Flights, you can filter out budget airlines from your search and look for tickets only from brands with simpler pricing structures. Junk fees are still hiding in lots of our online transactions. The total cost of a movie ticket, including the so-called convenience fee for booking online, is often not shown until after you've picked a showtime and seat. Some rental car companies add a charge for operating at an airport, among other fees. Long story short, stay on guard. Long Term, Transparency May Force Prices Down Even though the new rules sound like small wins, consumers may have bigger changes to look forward to, Mr. Bell said. Now that hotels and live event services have to be clearer about their pricing, they may face competitive pressure to lower their fees. 'It'll be nice to see some of the fees reduced or eliminated,' he added.
