ONLINE HOME RENTAL MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024-2031)
Global online home rental market has witnessed significant growth in the recent years. Growing urbanization coupled with changing consumer preferences for rental homes has positively impacted the market. Consumers today prefer short-term rentals over long-term leasing, empowering the sharing economy and driving the demand for online home rental platforms. Various online platforms offer a wide variety of homes for rent across different locations, price ranges and amenities as per customer needs. This has streamlined the home rental process for both property owners and travelers. Furthermore, the ease of online bookings, reviews and ratings have boosted consumer trust and transaction volumes in the market.
Market Dynamics-
Rapid growth of sharing economy and tourism industry has been a key driver for the online home rental market. Short-term rentals allow property owners to generate additional income from idle/secondary properties. Meanwhile, travelers prefer home rentals over hotels due to personalized experiences.
Untapped regional markets especially in developing nations present significant growth opportunities for market players.
Strict government regulations around home-sharing in certain cities pose a challenge. Lack of standardized contractual guidelines and delayed dispute resolutions also restraint the market growth.
Key Features of the Study-
- This report provides in-depth analysis of the global online home rental market, and provides market size (US$ Billion) and compound annual growth rate (CAGR%) for the forecast period (2024–2031), considering 2023 as the base year
- It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
- This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, market trends, regional outlook, and competitive strategies adopted by key players
- It profiles key players in the global online home rental market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
- Key companies covered as a part of this study include Airbnb, HouseMe, Quickr Homes, Zumper, Zillow, Lodgis, Ciirus inc, Squareplums, and Invitation Homes Inc
- Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
- The global online home rental market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
- Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global online home rental market
Market Segmentation
Table of Contents
*Browse 32 market data tables and 28 figures on 'Online Home Rental Market' - Global forecast to 2031
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