60 Percent of Guests Would Pay More for a Vacation Rental With a Smart Home Feature, August Home Study Reveals

SAN FRANCISCO--(BUSINESS WIRE)--Short-term renting is a burgeoning business and global growth is projected to hit $51 billion by 2020*. August Home Inc, the leading provider of smart locks and smart home access products and services that make life more simple and secure, today released the results of a new study, Short-term Rentals: Smarter Hosting with Smart Home Technology. The study provides new insight into the growing appeal of short-term rentals and how smart technology plays an important role in delivering an experience that rivals that of hotels.

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