Why Consumers Choose Vacation Rentals?

A war that dates back as far as the 1800s is the one between the hotel industry and the vacation rental industry. When we say war, it means the growing fear of that one day the Vacation Rental Industry might completely take over.

As far as statistics go, this is true for most countries. We see how the Vacation Rental Industry always wins by a landslide. An industry last year valued at $100 billion dollars is predicted to reach a worth of $167.9 billion by 2019 - a statistic verified by the findings of the most recent Serviced Apartments Summit. 

Another example, hotels added 139,000 rooms in North America in 2015, whilst Airbnb alone added 229,000 lodgings in the same area in the same period. 

One might ask why these numbers seem to be rising with time. This is due to more and more youth seeking to spend lavishly on a luxurious holiday. If you’ve noticed, the rising popularity of social media and content creating is contributing to this market as this creates the need to share the ongoings of one’s daily life for everyone to see on social media. 

To read more, please click JZ Vacation Rentals I Why Consumers Choose Vacation Rentals