Asia Pacific villa rental market is worth $390 million
While alternative accommodation in China is "still in infancy", the market of the whole Asia Pacific area is picking up fast.
Vacation rental including villa- and apartment-sharing in Europe and North America has been thriving over the past years.
While the short-term rental and homestay business in China is "still in infancy", according to Ctrip CFO Ms. Cindy Wang, the market of the whole Asia Pacific area is picking up fast.
How big is the Asia Pacific villa rental market? Where are the opportunities? Villa-Finder.com has conducted a research to find out the latest numbers and trends in 2017:
* Asia Pacific villa rental accounts for USD 390 million of global USD 120 billion vacation rental.
* There are 9,000 villas for rent in Asia Pacific.
* Top 5 villa markets: Bali, Sydney, Koh Samui, Phuket and Byron Bay.
* Villa rental is growing at an annual rate of 18.3%