Priceline Group has announced growth in home-rental inventory at its largest brand, Booking.com, and that it’s looking to catch up with online travel competitors such as Airbnb and Expedia’s HomeAway in terms of volume of vacation homes and apartments.

During Q2 2017, Booking.com grew its inventory of instantly bookable holiday rentals to more than 721,000, up 54% over the same period in 2016, which was the fourth consecutive quarter of accelerating rentals. This was more than twice the rate of growth of hotel listings which were only up 21% – the slowest growth since 2010.

The group also noted that rentals on Booking.com are booked instantly, like hotels, while Airbnb and HomeAway currently use a back-and-forth process between the host and the guest to find mutual approval.

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