Australia's holiday rental business has been rapidly growing in recent years, with more and more tourists opting for the comfort and convenience of renting a holiday home rather than staying in a hotel. The rise of online platforms such as Airbnb and Stayz has made it easier for homeowners to list their properties for short-term rental, and for travelers to find the perfect holiday home for their stay.
The holiday rental business in Australia is a significant contributor to the country's tourism industry, which is one of the largest industries in the country. According to a report by Deloitte Access Economics, the holiday rental market in Australia was worth $4.4 billion in 2018 and is expected to grow to $5.3 billion by 2020.
One of the reasons for the popularity of holiday rentals is the diversity of properties available. From beachside villas and luxury apartments to rural cottages and mountain chalets, there is a holiday home to suit every taste and budget. Many holiday homes also offer additional amenities such as private pools, BBQ facilities, and access to nearby attractions.
Another factor that makes holiday rentals attractive to tourists is the ability to have a more authentic experience. Staying in a holiday home allows visitors to live like a local and experience the local culture, cuisine, and way of life. Many holiday homes are located in residential areas, which provide an opportunity to interact with locals and get a taste of the community.
The growth of the holiday rental market has also brought economic benefits to homeowners and local communities. Homeowners can earn extra income by renting out their properties, while local businesses such as cafes, restaurants, and shops benefit from increased tourism. The holiday rental industry has also created jobs in areas such as cleaning, maintenance, and property management.
In conclusion, Australia's holiday rental business has experienced significant growth in recent years, driven by the convenience and diversity of properties available to tourists.