Trends in Global Vacation Market
October 23, 2008 | Cafe | Comments 1
Provided we can survive the economic downturn, Rob Käll, President of Bookt predicts six industry trends are impacting the Global Vacation Rental Industry.
Vacation rentals are one of the fastest growing segments of the global leisure travel industry; in the US alone, it’s an estimated $63 billion market already. This growth has been fuelled by substantive shifts in consumer purchasing behavior, technology and the marketing and distribution of individual vacation rental units. And in spite of current economic woes, this segment of the travel industry shows no signs of slowing anytime soon.
Filed Under: Baby boomer travel
Great article, even in this economic downturn we have seen a huge boost in vacation Rentals in California.