Nov 20, 2019
- InsuraGuest’s guest protection policy, extended to each guest at check-in, covers accident damages, loss, and accidental medical
- The InsuraGuest™ InsurTech platform can integrate with 70 hotel and vacation rental property management systems
- Number of vacation rental users expected to top 297 million worldwide in 2019
Service-as-a-software (SaaS) company InsuraGuest Inc. has entered the rapidly growing vacation rental market with its proprietary software platform offering specialized insurance coverage to all guests from check-in to check-out. InsuraGuest’s innovative InsurTech platform protects guests during their stay at vacation rental properties in an industry that is expected to host more than 297 million total vacation rental users worldwide in 2019 (http://nnw.fm/2efgJ).
Additionally, projected vacation-rental industry revenue for 2019 stands at $57.669 billion with a market growth rate of 6.9 percent. Statistics indicate that U.S. travel to overseas markets totaled 35.1 million, up by 7 percent, and that almost 25 percent of Americans report engaging with short-term rental platforms – a massive increase to of 277 percent from the previous 6 percent engagement rate.