QualityStocksNewsBreaks – InsuraGuest Technologies Inc. (TSX.V: ISGI) Poised to Profit as Vacation-Rental Industry Forecasted to Skyrocket Over Coming Years
Travel-accommodations insurance provider InsuraGuest Technologies (TSX.V: ISGI) is positioned to benefit from the major growth trajectory in the vacation-rental space after the anticipated recovery of the hospitality sector. A recent article discussing the company reads, “In 2019, the vacation rental industry generated revenues of $57.7 billion (http://ibn.fm/EucbN), with sales expected to rise to $97.01 billion by 2023 (http://ibn.fm/1NIOH). 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…