Global Vacation Rental Sales to Exceed $85 Billion In 2014
Newport Beach, CA (PRWEB) October 31, 2013 -- Vakast, an online vacation rental site company, announced today that it now aggregates more than one million vacation rental properties worldwide. Through its numerous partnerships with companies such as HomeAway, FlipKey and Wimdu, Vakast has the largest inventory of vacation rentals available online.
What differentiates Vakast from other vacation rental sites is its (patent pending) date and rate grid, which allows visitors to quickly compare rates from week to week or by season. This feature establishes Vakast as the Kayak in the vacation rental space.
Although vacation rental growth has been organic for the past decade, the industry experienced a major demand for rental properties over the past two years. “Entering the travel industry in 2012 was a strategic move,” stated Vakast’s founders, Huan Truong and Tam Nguyen. “We developed a platform that allows visitors to choose their destination and instantly view numerous vacation rentals side by side with just a few clicks.” While the recession has crippled many industries, travel is one of the few business segments experiencing growth. On September 6, 2013, the U.S. Travel Association reported that, “travel employment has risen by 85,000 jobs so far this year.” This type of growth further supported Truong and Nguyen in building the perfect vacation rental site.
In a two-day survey conducted at the John Wayne Airport in Southern California, travelers were asked to rate their most recent hotel stay. The results revealed that less than 20% of travelers had a positive hotel experience and only 18% would choose the same hotel again. While the complaints varied, costly meals, resort fees, small rooms, and noise topped the list. Vakast’s Vice President of Marketing, Monique Berry stated that, “Today’s travelers are demanding better accommodations. They need more space for their family and friends and money to spend on dining and vacation activities.” Finding the value in vacation rentals is simple; there are no resort fees or tips and many properties even welcome pets.
About Vakast: Incorporated in April of 2013 and based in Newport Beach, California, Vakast is a privately held company. With more than a million vacation rental properties worldwide, the Vakast website is built on a patent pending technology. It is visually appealing, intuitive, and easy to use. For information about Vakast, please visit http://www.vakast.com.
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Monique Berry, Vakast, http://www.vakast.com, +1 9495668024, [email protected]
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