Vacation rentals represent more than $24 billion opportunity in the U.S., that’s more than one fifth of all hotel room revenue and 8% of the total U.S. travel market.
– PhoCusWright’s U.S. Vacation Rentals 2009-2014: A Market Reinvented
In 2014, three in 10 U.S. dollars spent on vacation rental will be booked online. Almost all owners (94 percent) think they could be doing more to promote their property.
The market is complex, fragmented, and wildly inconsistent in terms of quality and service levels with individual homeowners bring persistent challenges.
Cybage is perfectly positioned to enable vacation rental companies to take up the challenges and become more innovative, flexible, and effective. Our expertise spans across all the vacation rental touch points of business as mentioned in the following section:
- Back-office applications
- Reservation system
- Listings websites
- Web or mobile booking engines
- Business intelligence
- Social media integrations