Press release
Online Home Rental Services Market Outlook to 2027 - Expedia Group, Lodgis, OYO, Upad, Wyndham Destinations
Rising demand for rented homes in metropolitan cities is responsible for substantial growth in the market for online rental home services. Migration has caused a surge in the population of metropolitan cities around the globe, as sources of economic growth are concentrated primarily in cities. Numerous metropolitan cities around the world observed a 6 percent -8 percent rise in the migrant population during the period 2015 to 2017. Such an increase in the number of people relocating to different cities has increased demand for rental apartments, thus boosting the growth of the market for online rental services.Increasing government initiatives to improve residential development activities and increase transparency in real-estate investments are also expected to contribute to market growth significantly. Also, the advent and popularization of e-commerce in emerging economies are expected to propel the market for online home rental services over the forecast period.
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In online home rental services, vendors provide landlords with an online platform to feature their properties to attract a large number of tenants and reach them out. The market for online home rental services is comparatively new and has increased over the last five years. Companies that operate on the market use websites to provide apartment listings for tenants. Renters can view images of properties, amenities, search by budget, and neighborhoods, and use such sites to contact landowners and agents. By charging landlords and brokers to list their properties, promoting listings, and including advertisements on their websites, the companies generate revenues.
The "Global Online Home Rental Services Market Analysis To 2027" is a specialized and in-depth study of the technology, media and telecommunication industry with a special focus on the global market trend analysis. The online home rental services market report aims to provide an overview of the online home rental services market with detailed market segmentation by type, application, and geography. The global online home rental services market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading online home rental services market players and offers key trends and opportunities in the market.
Top Listed Companies in Online Home Rental Services Market are-
9flats
Airbnb Inc.
Booking Holdings Inc.
CoStar Realty Information Inc.
Expedia Group
Lodgis
OYO
Upad Ltd
Wyndham Destinations
Zillow Group
The reports cover key developments in the online home rental services market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market players from online home rental services market are anticipated to lucrative growth opportunities in the future with the rising demand for filter products in the global market.
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global online home rental services market based on various segments. It also provides market size and forecast estimates from the year 2017 to 2027 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The online home rental services market by each region is later sub-segmented by respective countries and segments. The online home rental services market report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
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