A detailed study has been conducted to understand the status of the Villa Rental Market in the Asia Pacific region. The data and the business intelligence were provided by Villa Finder, which is an aggregator to help travelers locate their ideal kind of villa. Some of the major cities or regions, within the region, covered under this study included Pattaya, Bali, Koh Samui, Phuket, Byron Bay, Perth, Sydney, Phuket, Hua Hin and Chiang Mai, besides the countries of Sri Lanka and New Zealand, surveyed separately. The total market size is worth US$ 441 million, and growing annually on average at about twelve percent. Goa in India sees the strongest growth at 23%. Even a mature market like Australia is experiencing annual growth. One country that is somewhat struggling, is Thailand. One possible reason is over- supply. The reduction in inbound Chinese travelers has also hurt the market there.

Source:https://www.tourism-review.com/growth-of-villa-rental-market-in-asia-news11307

Uploaded Date:27 December 2019