Big Growth Expected in Vacation Rental Market By Johanna Jainchill
The demand for vacation rentals has been on the rise in the US and several other nations in the past decade. In 2013, this demand if further expected to increase. Mentioned below are major trends that are expected to impact the sector in 2013. Rental owners must consider these developments if they want to improve business.
5. Rental Owner Must Watch out for the Reviews
The reviews are already making a huge impact in every business and have already begun creating awareness regarding different holiday homes. This is expected to spike to a new high in 2013. So owners, managers and marketers must keep all clients happy so they can provide positive feedback on the review pages. (more)
3. Vacations rentals will become the first love of couples
Past trends indicated that holiday houses were reserved exclusively by large traveler groups with an average member size of four to eight travelers. However in 2012 it was seen that tourists traveling in parties of two are gradually shifting their loyalty from hotels to predominantly vacation rentals. This trend is going to gain more strength in 2013. (more)