- InsuraGuest Technologies uses its insurtech software platform to supply digital insurance to multiple sectors, including its proprietary hospitality liability policies to the hotel and especially the vacation rental industry
- InsuraGuest is seen as poised to benefit with vacation rental revenues set to top the hotel industry by 2020; Europe accounts for 60% of all vacation rental properties, which is nearly triple the size of the US market
- Stock market posted a significant recovery during the week of March 22 with travel and hospitality companies highlighted amongst the top value picks
With over 297 million guests in 2019, the vacation rental space has benefitted from a stratospheric growth trajectory, and 2020 bookings expected to outpace hotel reservations for the first time. With close to 115,000 vacation rental companies dotted around the globe and a revenue growth rate of 6.9% over the last 12 months, InsuraGuest Technologies Inc. (TSX.V: ISGI) is a unique listed proxy for investors looking to capitalize on the anticipated recovery of the vacation and hospitality industry.
In 2019, the vacation rental industry generated revenues of $57.7 billion (http://nnw.fm/4hrfF), with sales expected to rise to $97.01 billion by 2023 (http://nnw.fm/31oWe). Increasingly, travelers are opting for vacation rentals rather than hotels during their trips, with 71% of travelers with children saying that the ability to cook their own meals was a major draw. However, despite the rising penetration rate of vacation rentals, growth rates in…
NOTE TO INVESTORS: The latest news and updates relating to ISGI are available in the company’s newsroom at http://nnw.fm/ISGI
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