0 likes | 5 Views
Research Nesteru2019s recent market research analysis on u201cShort-Term Rental Market: Global Demand Analysis & Opportunity Outlook 2037u201d delivers a detailed competitors analysis and a detailed overview of the global short-term rental market in terms of market segmentation by accommodation type, booking mode and by region.
E N D
Short-Term Rental Market: Upcoming Opportunities with SWOT Analysis By 2037 Research Nester assesses the growth and market size of the global short- term rental market, which is anticipated to be due to the growing tourism activities worldwide. Research Nester’s recent market research analysis on “Short-Term Rental Market: Global Demand Analysis & Opportunity Outlook 2037” delivers a detailed competitors analysis and a detailed overview of the global short-term rental market in terms of market segmentation by accommodation type, booking mode and by region. AI and ML Algorithms Transforming Short-Term Rental Accommodation Booking Experience The integration of advanced algorithms is leading to the development of next-gen short-term rental platforms. Key players in the short-term rental market such as Airbnb, Inc. and MakeMyTrip Pvt. Ltd. are making high use of artificial intelligence (AI) and machine learning (ML) algorithms in their software platforms to offer more executive experience to their customers. These algorithms effectively analyze the users' preferences and booking histories and accordingly suggest customized rental accommodations. This factor also offers real-time information on the availability of short-term rental accommodations, which helps customers make quick and easy decisions. Request Free Sample Copy of this Report @ https://www.researchnester.com/sample-request-6437 Some of the major growth factors and challenges that are associated with the growth of the global short-term rental market are: Growth Drivers:
Surge in Remote Work Culture Globally Rising Trend of Corporate Travels Challenges: The high competition in popular tourist destinations can lead to down prices of short-term rental accommodations, affecting the overall market growth. Also, with many listings competing for the same pool of guests, service providers might engage in price wars to attract bookings, resulting in low profitability. By booking mode, the short-term rental market is segmented into online/platform-based and offline. The online/platform-based short- term rental segment is anticipated to capture 65.5% of revenue share by 2037. The ease of access, availability of multiple options, discounts, and secure payment options are boosting the demand for advanced online short-term rental platforms. Request for customization @ https://www.researchnester.com/customized-reports-6437 By region, North America is expected to hold a strong market share of 40.5% through 2037 owing to the rising tourist visits to the U.S. and Canada. The presence of industry giants is majorly driving the overall market growth in the region. The U.S. short-term rental market size is estimated to be valued at USD 36.17 billion in 2025. The travel bloggers’ continuous visits to several destinations of the region and genuine reviews are also contributing to market growth. This report also provides the existing competitive scenario of some of the key players of the global short-term rental market which includes company profiling of Airbnb, Inc., Booking Holdings Inc., Expedia Group, Inc., 9flats.com PTE Ltd., Hotelplan Management AG,
MakeMyTrip Pvt. Ltd., Tripadvisor, Inc., Wyndham Destinations, Inc., Oravel Stays Private Limited, Meredith Hospitality Brands, and others. Access our detailed report @ https://www.researchnester.com/reports/short-term-rental- market/6437 About Research Nester- Research Nester is a leading service provider for strategic market research and consulting. We aim to provide unbiased, unparalleled market insights and industry analysis to help industries, conglomerates and executives to take wise decisions for their future marketing strategy, expansion and investment etc. We believe every business can expand to its new horizon, provided a right guidance at a right time is available through strategic minds. Our out of box thinking helps our clients to take wise decision in order to avoid future uncertainties. Contact for more Info: AJ Daniel Email: info@researchnester.com U.S. Phone: +1 646 586 9123 U.K. Phone: +44 203 608 5919