Vacation Rental Demand is Booming

Business in the vacation rental market was already on the rise pre-pandemic, and has risen to new heights in the past year. According to a report by Grand View Research, the global vacation rental market size is expected to reach USD $113.9b by 2027. In MAR 2021, Jeff Hurst, president of Vrbo, which was founded in 1995 as Vacation Rentals By Owner, told CNN Business that the company was having the most successful start to a year in the U.S. for 25 years. According to Airbnb, cabins are the number one most "wishlisted unique stay type" in 2021, while there's been an 80 per cent increase in interest for properties with treehouse views and a 63 per cent increase in barn views since MAR 2020. The vacation rental booking company notes that users have been "looking for nontraditional stays that offer plenty of privacy and outdoor space," due to the pandemic.

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