Press release
Vacation Rental Software Market increases automation in vendor payables system
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).
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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.
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. 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.
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