16 Jul, 2024
4 mins read

Why are vacation rentals more popular among travelers than hotels?

With a predicted valuation of USD 74.64 billion in 2021, the worldwide vacation rental industry is expected to increase at a compound annual growth rate (CAGR) of 5.3% between 2022 and 2030. The industry is driven by consumers’ rising travel and lodging expenses, especially from millennials. Approximately USD 180 billion is spent on travel each […]