Vacation Rental Software : ICT 2018 Market Strategy and Major Participants - BookingSync, Ciirus Inc., Kigo Inc., VRM Solutions Inc.
Press
Release - 27 Mar 2018
Global
Research and Development News
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Report
Description-
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Vacation
rental is a house, apartment or a resort rented on temporary basis to
tourists as an alternative to a hotel. The term vacation rental is
used mainly in North America, whereas in Europe it is known as villa
holiday or villa rental. They are also referred as holiday lettings,
bed & breakfast, homestay and gites. The vacation rental software
enables the house/property managers to manage leads, cash flows,
distribution channels and partners or distribution channels. It also
offers an efficient point of sale system, efficient documentation
system to property managers and increases automation in vendor
payables system.
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Lead
management functionality generates the price quote automatically
according to the requirements of the customer. Further, it also
assists sales managers to create personalized quotes in less time and
thus eliminates the hassle of manual price calculation. The vacation
rental software contains reporting suite which enables the renting
entity to evaluate the financial performance of the rented property.
Renting entity refers to the property owner organization, property
manager or the property owner.
As the Internet penetration is increasing
tremendously, the renting entities are moving to online platform. The
vacation rental software enables the renting entity in building
adaptive/responsive websites which provides optimized viewing
experience independent of the type of devices (smartphone, personal
computers or tablets) being accessed with. This supports the growth
of the vacation rental software market. With the support of rental
software, the organizations could enhance automation in their regular
processes such as vendor payment, partner management and bulk mail
system, driving the growth of vacation rental software market.
The rising awareness about vacation rental homes
through travel websites such as tripadvisor.com and airbnb.com has
also generated a demand of vacation rental software to manage the
customers and their details such as check-in time, check-out time and
their invoice. The vacation rental software could be easily
integrated with the travel websites, thus reduces hassle of deploying
different software for different websites. The rising complexities in
vacation rental business such as payment processes, check-in &
check-out processes and customer management is expected to create
ample opportunities for vacation rental software market. However,
absence of pricing regulations for vacation rentals and fierce
competition by hotels is expected to provide hurdles in the adoption
of vacation rentals by the tourists. This is further anticipated to
curb the growth rate of vacation rental software market.
Vacation rental software market is broadly
segmented on the basis of deployment type, end-users and geography.
On the basis of deployment type, global vacation rental software
market is segmented into on premise and cloud deployment. On the
basis of end-users, the global vacation rental software market is
further segmented into vacation rental owners, property managers,
innkeepers, bed & breakfast (B&B) and vacation rental
property agency. Moreover, in terms of geographies, the global
vacation rental software market is segmented into North America,
Europe, Asia-Pacific, Middle East & Africa (MEA) and Latin
America region. Europe and North America lead in deployment of
vacation rental software due to presence of world famous tourist
destinations in the region such as California (the U.S.), Miami (the
U.S.), Paris (Europe) and Switzerland (Europe). Asia Pacific is
anticipated to be the fastest growing region owing to a large number
of vacation rentals present in the tourist destinations such as
Maldives, Bangkok and Indonesia.
The major participants in the vacation rental
software market include companies such as BookingSync, Ciirus Inc.,
Kigo Inc., VRM Solutions Inc., LiveRez Inc., OwnerRez Inc.,
365Villas.com Ltd, Convoyant LLC, Rental Network Software Corp. and
Trekadoo LLC.
The report offers a comprehensive evaluation of
the market. It does so via in-depth insights, understanding market
evolution by tracking historical developments, and analyzing the
present scenario and future projections based on optimistic and
likely scenarios. Each research report serves as a repository of
analysis and information for every facet of the market, including but
not limited to: Regional markets, technology developments, types,
applications, and the competitive landscape.
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The study is a source of reliable data on:
- Key market segments and sub-segments
- Evolving market trends and dynamics
- Changing supply and demand scenarios
- Quantifying market opportunities through market sizing and market forecasting
- Tracking current trends/opportunities/challenges
- Competitive insights
- Opportunity mapping in terms of technological breakthroughs
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The regional analysis covers:
- North America (U.S. and Canada)
- Latin America (Mexico, Brazil, Peru, Chile, and others)
- Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, Luxembourg)
- Eastern Europe (Poland, Russia)
- Asia Pacific (China, India, Japan, ASEAN, Australia and New Zealand)
- Middle East and Africa (GCC, Southern Africa, North Africa)
TMR estimates the market size of various sectors using a combination of available data on the number and revenue of companies within each sub-sector and tiers of companies. The basic components used to determine market size and forecast for a specific product area are not only limited to supply-side data, but are also related to demand, industry trends, and the economic outlook. All the above data points are utilized to generate a statistical model targeting the sector marketplace. More than 300 TMR analysts across the world integrate these elements into a framework to determine the subsector market size for a base year and then forecast growth within each market.
TMR regularly interviews technology and business
professionals as an ongoing effort to track the latest developments
within each sector. These continuous surveys are stratified by
company size and industry segment and weighted to reflect the global
market place. All data are collected on an ongoing effort
through a structured questionnaire rolled over the web or conducted
via telephones. This provides the TMR team opportunities to request
for detailed question sets, complex skip patterns, and real-time
calculations, which assists respondents in answering questions
involving numbers and percentages. Respondents, who are interviewed
as experts, are screened and qualified based on certain criteria in
addition to their decision-making authority and the scope of activity
within their organizations.
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Clear Details get Table of Contents
https://www.researchmoz.us/vacation-rental-software-market-global-industry-analysis-size-share-growth-trends-and-forecast-2016-2024-report.html#table-of-content
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