The US Vacation Rental market currently consists of more than 3 million vacation homes and generates more than $24 billion in annual rental revenue from travelers seeking alternatives to hotel rooms. Although this is significant revenue there is still plenty of room for growth.
Vacation Rentals currently represent only 20% of annual US lodging revenue and 90% of travelers have still never booked a vacation rental. In addition, over the last 5 years over a Billion dollars has been invested into online marketplaces for vacation rentals by companies anticipating the continued growth of the industry. As more vacation rentals come online the demand for the services and solutions Book by Owner provides will continue to grow.
Vacation Rentals currently represent only 20% of annual US lodging revenue and 90% of travelers have still never booked a vacation rental. In addition, over the last 5 years over a Billion dollars has been invested into online marketplaces for vacation rentals by companies anticipating the continued growth of the industry. As more vacation rentals come online the demand for the services and solutions Book by Owner provides will continue to grow.
