The idea of taking vacations has grown on people such that the number of people taking vacations continues to rise steadily. Consequently, the number of vacation rental industries is on the rise as they seek to tap on the rising market needs. Data collected indicated double listings across online platforms between 2017 and 2018. However, with the growth of many urban and vacation industries, the competition has become stiff. As such, property managers that seek to stay competitive must not only be innovative but must minimize redundancies and repetitive tasks while still providing a local and customized experience to their customers. While at it, they must not lose the aspect of professionalism as it leads to more sales. While it may sound challenging, tackling the challenges requires a proper understanding of the industry trends. In coming up with prospects, keep in mind the following industry aspects as they will influence the industry’s direction.