Interested in renting a house or apartment for your next vacation, but nervous about dealing with total strangers in a rent-by-owner arrangement or a big agency? Don’t despair. According to a new PhoCusWright study of the vacation rental market, there are 1.26 million homes available for short-term rental in the U.S. alone and–here’s the interesting […]
Tourism market research company PhoCusWright has released some preliminary figures from its forthcoming report, Vacation Rental Marketplace: Poised for Change. According to the study, vacation rentals are a US$24.3-billion industry worldwide, with online rentals accounting for about 12 percent of those revenues. Given the plethora of online vacation rental sites, I’m surprised the figure for […]
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