In the Middle East, a new breed of high-end vacation rental firms are scrambling to meet the needs of today's traveler.
The global vacation rental market — valued at $22.7 billion in 2020 — will surpass a whopping $111.2 billion by 2030, according to a Precedence Research study late last year.
Luxury Explorers has properties like Villa Botanica in the exclusive Emirates Hills, often referred to as the "Beverly Hills" of the UAE.DUBAI, United Arab Emirates — In the Middle East, a new breed of high-end vacation rental firms are scrambling to meet the needs of today's traveler — who has very different preferences post-pandemic.
According to the analysts, this is mainly driven by the rising awareness among travelers on the extra space and comfort offered by vacation rentals, not to mention, in some extreme cases, the "extras" like high-tech gyms, private cinema screens, smart home appliances, as well the services of personal attendants, butlers, and even chefs.
The firm has properties like Villa Botanica in the exclusive Emirates Hills, often referred to as the "Beverly Hills" of the UAE. Luxury Explorers' Collection CEO Mohammed Sultan told CNBC: "The idea really started in 2018 when we found out some of our VIP clients working with our agency were keen to spend their holidays in luxury vacation homes and villas when they travel around the world.
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