#6 Reasons Why Vacation Home Rental is the Next Big Thing in Indian Travel Industry

The vacation home industry is believed to be worth $100 billion with the US accounting about half of the numbers and with Research and Markets predicting the global vacation rental market to close in on $170 Billion by 2019, it seems very obvious that the vacation home sector is currently a successfully booming industry.

The Indian market is also picking up in terms of numbers and popularity, as people are getting to know about this amazing alternative to resorts and hotels. This new trend of renting out vacation homes instead of a luxurious hotel has changed the way how the hospitality sector in India functions. It has made people aware of the importance of having a property and maintaining it.

Going back years ago, there was a time when the whole concept of vacation homes was relatively new and not very popular. Due to lack of services and amenities like providing the customers with fresh linens or breakfast, vacation homes were almost never resorted to even if the traveller was on a shoe- string budget.

Today however, the scenario is completely different with vacation homes being made so splendid along with the best of services being readily available that they now seem to be giving the hotel business a run for their money. Vacation home rentals are the best of both worlds where as a customer you can relax under the warmth and privacy of your own home while enjoying the luxury provided like a hotel.

Although owning a vacation home property comes with a lot of overhead expenses with maintenance and property charges therefore putting out the property on rental not only eliminates the maintenance cost but also helps the owner earn an extra income in the idle time when they are not visiting or utilising their property. Leaving the cost aside, owning vacation homes seems like a very profitable business as people have slowly started to realise the benefits of these hotels like:

1) Complete Privacy:

Vacations are meant to relax and enjoy while doing so in complete privacy with being granted your own space that you can utilise the way you want to.

2) Value for Money:
With the increasing prices of some hotels it has become very difficult to enjoy your own space during a holiday and that’s where vacation homes come into the picture. Competitive cheap prices with no compromise in services, many people seem to be going for this convenient option over emptying their wallets on extravagant hotels.