The global complete vacation rental software market is anticipated to grow at a considerable CAGR of 11.0% during the forecast period. The increasing popularity of vacation rentals over traditional hotels is driving the market’s demand. There are several new vacation rental businesses that are expanding their reach, and new companies are offering such services. For instance, in March 2022, Mandarin collaborated with luxury home rental platform StayOne on its new Mandarin Oriental Exclusive Homes division, which is the company’s new vacation rental division. Additionally, in October 2022, Wander launched Atlas, a vacation home rental real estate investment trust (REIT) in the sector. Atlas allows Wander’s clients to own a portion of the network of houses, transforming them into fractional property owners. Wander use Atlas to grow its network of smart vacation homes from coast to coast, allowing it to expand its consumer base.
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Due to such establishments, the demand for software solutions that can help property managers and owners streamline their operations is growing. Vacation rental software can automate many aspects of property management, such as online booking and payment processing, making it easier and more efficient for property managers to run their businesses. This increased efficiency and convenience can also improve the guest experience, leading to higher occupancy rates and higher revenue for property owners. Hence, the real estate owners understand the significance of complete vacation rental software.
To meet the rising demand, the vacation rental software companies are also investing and increasing their market reach. For instance, in November 2022, Lodgify, which helps hosts and small to medium-sized property managers manage and expand their vacation rental companies, raised $30 million in Series B investment. Octopus Ventures led the investment round, which included Bonsai Partners, Aldea Ventures, and ICF (InstitutCatalà de Finances), as well as previous investors Intermedia Vermögensverwaltung and Nauta Capital. The funds will be used by Lodgify to speed worldwide expansion, improve product growth, and expand customer support.
Global Complete Vacation Rental Software Market Report Segment
By Deployment Type
- Cloud-Based
- On-Premises-Based
By End-User
- Vacation Rental Agencies
- Property Managers
- Innkeepers
- Bed & Breakfast
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Complete Vacation Rental Software Market Report Segment by Region
North America
- United States
- Canada
Europe
- Germany
- United Kingdom
- France
- Spain
- Italy
- Rest of Europe
Asia-Pacific
- China
- Japan
- India
- Rest of Asia-Pacific
Rest of the World
- Middle East & Africa
- Latin America
Company Profiles
- 365Villas
- Aiosell Technologies Pvt. Ltd.
- Avantio
- CabinKey
- CiiRUS Inc.
- eZee Absolute
- Krtya Technologies Pvt. Ltd.
- LiveRez
- com
- Operto Guest Technologies Inc.
- PriceLabs
- Rentals United AB
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