North America Short Term Rental Solution Market was valued at USD 5.4 Billion in 2022 and is projected to reach USD 6.9 Billion by 2030, growing at a CAGR of 3.9% from 2024 to 2030.
The North America short-term rental solution market has been growing at a remarkable pace as more people turn to platforms like Airbnb, Vrbo, and Booking.com to book short-term stays. With a steady increase in demand, industries across various sectors are now recognizing the potential of integrating short-term rental solutions into their operations. This market has created new business opportunities for property owners, technology providers, and tourism services, offering a wide array of applications for users across the region.
For property managers and owners, the demand for a seamless rental process is driving the growth of short-term rental solutions. With the rise in online bookings, it has become crucial to manage properties efficiently. Advanced software solutions provide the necessary tools to streamline processes, from listing properties and managing bookings to ensuring proper cleaning and maintenance schedules. These solutions often include dynamic pricing, guest communication features, and integrated payment gateways to improve operational efficiency.
In the hospitality sector, short-term rental solutions are being used to supplement traditional hotel services. Major hotel chains are beginning to adapt their business models to incorporate short-term rental offerings. This trend has been accelerated by changing customer expectations for personalized experiences, which are often provided by short-term rental properties. Hotels are now leveraging these solutions to tap into a growing market segment, especially in areas where the demand for traditional accommodations is high.
Short-term rental solutions also play a key role in the travel and tourism industry. With more people choosing to travel on short notice or looking for unique accommodation options, tourism companies and destination marketers are using these services to attract more visitors. By offering customers more variety and flexibility, they are able to stay competitive in a fast-evolving industry.
The real estate sector is another industry benefitting from the rise of short-term rental solutions. Investors are increasingly looking at short-term rentals as a profitable revenue stream, especially in prime locations like city centers and popular tourist destinations. The potential for higher rental yields, coupled with the ease of property management provided by digital platforms, makes this an attractive investment opportunity.
As the demand for short-term rental solutions continues to grow in North America, industries across different sectors are tapping into the market’s potential to enhance their offerings and streamline operations. This ongoing evolution underscores the pivotal role of technology in shaping the future of accommodation and travel services in the region. North America Short Term Rental Solution Market.
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Hostaway
Lodgify
Guesty
LiveRez
BookingSync
Kigo
Escapia
DoorLoop
iGMS
GovOS
CiiRUS
Avenu
NOLA Solution
Evergreen Investments
Carriage House
Goldnest
Utah Management
Opago
Onefinestay
Luxury Property Care
Extenteam
Hapeville
Midwest Corporate Living
Trusted Homes
Parsons
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the North America Short Term Rental Solution Market
Personal
Enterprise
Based on Types the Market is categorized into Below types that held the largest Short Term Rental Solution market share In 2023.
Software
Service
North America (United States, North America and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the North America Short Term Rental Solution Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. North America Short Term Rental Solution Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. North America Short Term Rental Solution Market, By Type
6. North America Short Term Rental Solution Market, By Application
7. North America Short Term Rental Solution Market, By Geography
North America
Europe
Asia Pacific
Rest of the World
8. North America Short Term Rental Solution Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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