The home décor furnishing industry is anticipated to grow due to the growing influence of social media and the increase in the penetration of the e-commerce sector. North American regional market share is attributed to highly developed and varied design styles and offerings of home decoration products.
Newark, Jan. 01, 2024 (GLOBE NEWSWIRE) — As per the report published by The Brainy Insights, the global home decor furnishing market is expected to grow from USD 630.03 Billion in 2022 to USD 923.67 Billion by 2032, at a CAGR of 3.90% during the forecast period 2023-2032.
The Home Decor Furnishing market is growing as the demand for the product is growing, and consumers are looking for luxurious products to decorate their homes, especially with furniture, hardwood flooring, and wooden floors. Also, there is a huge opportunity for sustainable, economical, and environmentally friendly products.
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Competitive Strategy
To enhance their market position in the global Home Decor Furnishing market, the key players are now focusing on adopting the strategies such as product innovations, mergers & acquisitions, recent developments, joint ventures, collaborations, and partnerships.
• In January 2023: Mannington Mills, Inc. launched its new dwelling collections, including broadloom carpets that provide comfort to all living areas. This launching of collections expands the organisation’s market share in the flooring segment, which eventually expands its market share in the Home Decor Furnishing market.
Market Growth & Trends
Expensive and premium items provide spiritual and aesthetic satisfaction and also add value and decoration to the home and the people who are living in. Home décor product sales have increased, and consumers have gradually started preferring online channels for buying products, especially after the pandemic. It has opened the window for the small home décor furnishing brands. The market is becoming more in demand due to rapid industrialization and urbanization. The home’s decoration easily shows the buyer’s lifestyle preference, and these people thus want to buy good aesthetic products. These home decor products can be used for several purposes, such as enhancing the aesthetic appeal of a home, decorating the apartment, and furnishing. Due to globalization, the consumer can easily access a large array of products used in home decor. One of the factors which are expanding the market is the growing disposable income of the people due to the urbanization process, which also increased the number of households. There is also the demand for personalized and unique home interiors with changes in consumer lifestyles and preferences. The millennial and Gen-Z populations are tech-savvy, and most use social media. Recent trends suggest that social media culture will continue to be crucial in shaping home décor product trends. Social media has given platforms to interior designers to showcase their work all across the world. Leading social media platforms such as Pinterest, Instagram, and Houzz have led these designers to share their designs globally and inspire people to design their living spaces and homes.
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Key Findings
• In 2022, furniture segment dominated the market with the largest market share of 45.55% and market revenue of USD 286.98 Billion.
The product segment is divided into furniture, textile, flooring and others. In 2022, furniture segment dominated the market with the largest market share of 45.55% and market revenue of USD 286.98 Billion. This market share is high because there is a high preference for wooden furniture with aesthetic looks and premium quality.
• In 2022, the indoor segment dominated the market with the largest market share of 86.42% and market revenue of USD 544.47 Billion.
The application segment is divided into indoor and outdoor. In 2022, the indoor segment dominated the market with the largest market share of 86.42% and market revenue of USD 544.47 Billion. Furniture that can be folded and of multiple uses is broadly preferred in the home’s indoor space.
• In 2022, the offline segment dominated the market with the largest market share of 70.56% and market revenue of USD 444.55 Billion.
The distribution channel segment is divided into offline and online. In 2022, the offline segment dominated the market with the largest market share of 70.56% and market revenue of USD 444.55 Billion. Customers are found to prefer shopping offline for furniture and home décor items.
Regional Segment Analysis of the Home Decor Furnishing Market:
• North America (U.S., Canada, Mexico) • Europe (Germany, France, U.K., Italy, Spain, Rest of Europe) • Asia-Pacific (China, Japan, India, Rest of APAC) • South America (Brazil and the Rest of South America) • The Middle East and Africa (UAE, South Africa, Rest of MEA)
The North America region occurred as the largest market for the global Home Decor Furnishing industry, with a market share of 33.21% and a market value of around USD 209.23 Billion in 2022. This market share is attributed to highly developed and varied design styles and offerings of home decoration products in the region. Most of the consumers in this region prefer functional and beautiful design elements for their décor items, and there is a growing demand for green and sustainable design. Asia Pacific region has shown the fastest growth for the Home Decor Furnishing market as there is rapid urbanization happening in emerging economies like India and China.
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Key players operating in the global Home Decor Furnishing market are:
• Ashley Furniture Industries, LLC. • Inter IKEA Holding B.V. • Forbo Management SA • Armstrong World Industries, Inc • Mannington Mills, Inc. • Kimball International Inc. • Duresta Upholstery Ltd. • Mohawk Industries, Inc. • MillerKnoll, Inc. • Shaw Industries Group, Inc.
This study forecasts revenue at global, regional, and country levels from 2019 to 2032. The Brainy Insights has segmented the global Home Decor Furnishing market based on below mentioned segments:
Global Home Decor Furnishing Market by Product:
• Furniture • Textile • Flooring • Others
Global Home Decor Furnishing Market by Application:
• Indoor • Outdoor
Global Home Decor Furnishing Market by Distribution Channel:
• Offline • Online
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About the report:
The global Home Decor Furnishing market is analysed based on value (USD Billion). All the segments have been analysed on global, regional and country basis. The study includes the analysis of more than 30 countries for each segment. The report offers in-depth analysis of driving factors, opportunities, restraints, and challenges for gaining the key insight of the market. The study includes porter’s five forces model, attractiveness analysis, raw material analysis, supply, demand analysis, competitor position grid analysis, distribution and marketing channels analysis.
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The Brainy Insights is a market research company that provides actionable insights through data analytics to companies to improve their business acumen. They have a robust forecasting and estimation model to meet the client’s objectives of high-quality output within a short period. They provide both customized (client-specific) and syndicate reports. Their repository of syndicate reports is diverse across all the categories and sub-categories across domains. Their customized solutions meet the client’s requirements whether they are looking to expand or planning to launch a new product in the global market.
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Inside: Learn how to land lucrative paid house sitting gigs. From crafting a standout application to negotiating pay, our guide covers everything you need for success as a house and pet sitter. Get your first housesitting job now.
For those seeking a unique way to trim their living expenses and swell their savings account—or perhaps even add a fresh stream of income—the fascinating world of house sitting beckons.
Imagine the possibilities of a life where you not only dodge the relentless outpour of cash for rent but also have the potential to get paid for simply residing in and caring for someone else’s home. House sitting has forged a pathway for individuals from all walks of life to dramatically cut their cost of living while introducing opportunities for financial gain, tailored to a lifestyle that champions both mobility and flexibility.
This is something I cannot wait to start doing myself as an early retiree!
In the era of remote work and digital nomadism, the housesitting lifestyle dovetails perfectly with the capacity to earn money from anywhere.
Rather than a stint of In a world where the cost of living is perpetually rising, this is a simple solution. Plus it is an increasingly popular reality for savvy individuals looking to slash their living expenses and enhance their income streams.
Now, let’s dig into how to get paid to house sit.
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The Basics of House Sitting for Income
House sitting for income can be a practical way to earn extra money by caring for someone’s home while they’re away.
A house sitter can earn money by taking on paid assignments to care for someone’s home, which often includes responsibilities like watering plants, feeding pets, and maintaining the property’s general upkeep.
Additionally, house sitters may supplement their income by engaging in flexible online work or other jobs that allow them to take advantage of the rent-free living situation provided by house sitting opportunities.
This is a simple way to make money.
Is House Sitting the Right Gig for You?
This will vary from person to person.
Typically, if you have a love for adventure and live a simplistic life, this could be the perfect side hustle for you.
You can make money while not paying to travel the world and not pay rent. Plus you can work another side hustle or full time job at the same time.
What if you could use your housesitting gig to see the world?
Can you picture yourself waking up to a sunrise over the Tuscan hills, or enjoying a peaceful afternoon in a cozy cottage in the Cotswolds, all without the cost of accommodation eating into your budget?
This fantasy can be your reality through a unique travel approach: house sitting while exploring the globe.
House sitting opens doors to experiences far beyond those of a typical tourist. When stepping into the life of a local, you not only enjoy the comforts of a home but also immerse yourself in the local culture, customs, and way of life—something you can’t put a price tag on.
Yes, please. Sign me up!
House Sit Match
A trusted network for house sitters, pet sitters, house owners, and pet owners.
Our dedicated Free live-in house sitters ensure pets stay safe and happy at home, granting owners peace of mind while they travel.
Check It Out
How do I become a house sitter?
Becoming a professional house sitter starts with the right mindset and preparation. To embark on this exciting venture, follow a systematic approach to gain trust, experience, and create opportunities that could lead to paid gigs.
Here’s a quick guide to set you on your path:
Self-Assessment: Evaluate if the lifestyle suits you. Comfort with travel, adaptability, and responsibility are key.
Research: Learn about the expectations and requirements of the job by engaging with existing house sitters or homeowners.
References: Start with house sitting for friends or family to garner initial references and practical experience.
Online Presence: Sign up for reputable house sitting websites and create a compelling profile that highlights your unique offering.
Reviews: Ask for reviews on each of your housesitting gigs to build up your portfolio.
Stay Booked: If you are consistently booked, then repeat homeowners will reach out sooner to book your services.
By taking these steps, you’re well on your way to securing your first gig as a house sitter and potentially turning it into a rewarding path to see the world.
Setting Yourself up for Success to House Sit
Gain Experience and Build Credibility
Embarking on a journey in house sitting may feel like a daunting task at first, especially when experience seems like a prerequisite to getting started. Yet, remember every expert was once a beginner.
Follow these tips to gain experience and build a rock-solid credibility:
Volunteer: Offer to house sit for friends, family, or colleagues to gather firsthand experience and positive testimonials.
Document Everything: Keep a record of your sits, including photos and detailed notes, to showcase your experience to future clients.
Ask for Reviews: After each sit, ask the homeowner for a review that you can use on housesitting platforms or your personal website.
Improve Continuously: Each house sit is a learning experience. Take feedback seriously and work to enhance your service.
Join a Community: Engage with other house sitters online or in person to exchange tips, seek advice, and stay motivated.
Remember, each home cared for and each pet pampered brings you one step closer to becoming a seasoned and sought-after house sitter.
Creating an Impressive House Sitting Profile
First impressions count tremendously, and in the world of house sitting, your profile is your digital handshake.
A stellar profile not only introduces you to potential clients, but it also demonstrates your professionalism and suitability for house sitting opportunities.
Include clear information about your past house-sitting jobs, mentioning the names of the homeowners (with their permission), specific locations, and the range of responsibilities you held during each assignment.
Emphasize specific house-sitting skills that you excel in, such as high-level cleaning capabilities or exceptional resourcefulness in unexpected situations.
Highlight any certifications that enhance your qualifications for house-sitting, particularly those that resonate with pet owners, like pet CPR or first-aid certifications.
If you have experience in managing household emergencies, stress situations, or particular types of pets, ensure this is prominently noted.
House sitting as a full-time lifestyle
Whether you’re a digital nomad, in between jobs or studies, retired, or simply looking for a break from the norm, long stay house sitting could be for you.
Make money and travel the world. Sounds like a good deal, right?
Get Started
Finding Opportunities for Paid House Sitting
Utilize Specialized House Sitting Directories
Exploring specialized housesitting directories can be your gateway to a myriad of housesitting opportunities. Here’s how you can make these directories work for you:
TrustedHousesitters: Get connected with homeowners across the globe and enjoy perks like a 24/7 vet advice line and insurance guarantees.
House Sitters America: An affordable platform offering a user-friendly interface and a variety of features for people seeking house sitting jobs across the U.S., with an annual fee of just $30.
House Sit Match: Offers an international platform where members can create personal profiles with videos, search and apply for a variety of house sitting services across different countries, and secure arrangements with legally approved contracts.
MindMyHouse: Access a global database where you can apply to house sits and finalize details with secure forms provided on the site.
HouseCarers: Navigate assignments with ease and get alerts for opportunities that match your preferences.
Luxury House Sitting: The opportunity to stay in exquisite homes and care for pets while exploring local culture and making new friends, all for a nominal yearly membership fee.
Build a robust profile on these directories, illustrating your experience, skills, and even why homeowners should trust you with their precious homes and pets.
House Sit Match
A trusted network for house sitters, pet sitters, house owners, and pet owners.
Our dedicated Free live-in house sitters ensure pets stay safe and happy at home, granting owners peace of mind while they travel.
Check It Out
Leverage Social Media and Networking
Social media and networking are vital cogs in the wheel of modern housesitting success. Make sure to have a solid strategy in place to enhance your visibility and connect you with the right opportunities.
Create a Professional Image: Establish a dedicated Facebook page or Instagram profile showcasing your housesitting adventures and testimonials.
Networking Events: Join home and pet owner meetups to discuss your services and share stories.
Engage with Communities: Participate in forums and groups related to house sitting, pets, and travel to position yourself as a knowledgeable and reliable sitter.
Word of Mouth: Encourage clients to share your services digitally—from a simple share of your profile to tagging you in a post about their great experience.
Collaborations: Team up with pet-related or travel influencers for your mutual benefit. They spread the word about your services, and you provide content and insights for their platforms.
Remember to be genuine and helpful online. Consistency and kindness tend to yield more benefits than aggressive self-promotion.
The Art of Landing Lucrative House Sitting Gigs
Crafting Your Pitch: Stand Out in Your Application
When it comes to landing that house sitting gig, the application you submit is your golden ticket. Crafting a pitch-perfect application can set you apart from the crowd. Here’s how you can ensure your application shines:
Tailor Your Message: Show you’ve read the listing by referencing specifics—like the pet’s names and unique home features.
Highlight Relevant Skills: If they have a garden that needs tending, mention your green thumb. Got experience with exotic pets? That’s worth noting, too.
Strike a Balance: Be professional yet personable. Show your personality and expertise, but keep it clear that you’re serious about their needs.
Prompt Replies: From the initial application to follow-up communications, respond promptly to show you’re attentive and eager.
Ask Intelligent Questions: Clarify any uncertainties and show genuine interest in the specifics of the house sit.
Above all, remember that your application is a reflection of you. Make every word count, and let your dedication to being an exceptional house sitter be evident.
Negotiating Payment: Tips for Reaching an Agreement
Negotiating payment is a nuanced art, especially in house sitting where assignments can vary widely. Here’s a cheat sheet to navigate the payment conversation gracefully and effectively:
Research Rates: Know the going rate for similar housesitting services in the area. According to Care.com, most housesitting gigs pay between $50-100 per day. Obviously, location, price of the home, and job details can fluctuate this amount. 1
Assess Value: Estimate the value you provide, taking into account any additional responsibilities like pet care or gardening.
Open Dialogue: Initiate the conversation on payment terms confidently but diplomatically.
Be Transparent: Clearly articulate what your rate includes and be open about any potential extra charges.
Flexibility: Be prepared to negotiate and find a middle ground that respects your worth while accommodating the homeowner’s budget.
Most importantly, remember that your time and services are valuable. A fair agreement is one where both parties feel respected and satisfied. Don’t forget you will be earning 1099 income, so account for taxes!
Essential Skills and Knowledge for Professional House Sitters
Understanding the Responsibilities of a House Sitter
Embracing the role of a house sitter means stepping into a realm of varied and significant responsibilities. You’re not just occupying a space; you’re safeguarding a home and all it encompasses. Here’s what’s typically expected:
Maintenance: Keeping the house tidy and overseeing any routine upkeep.
Pet Care: If furry friends are in the mix, feed, walk, and provide the essential company they need.
Garden & Plants: Hydrate indoor plants and possibly manage an outdoor garden.
Security: Perform regular checks, activate alarm systems, and maintain a presence that deters potential intruders.
Emergency Handling: Be ready to address unexpected scenarios, from leaks to power outages.
Understanding these duties is the cornerstone of professional house sitting, ensuring peace of mind for homeowners and a reputable standing for you.
Managing Client Expectations and Providing Exceptional Service
Exceeding a homeowner’s expectations isn’t just about fulfilling a checklist; it’s about delivering comfort and trust through your service. Here’s how to excel in managing client expectations and providing a level of service that gets you invited back time and time again:
Clear Communication: From the start, clarify what services you’ll provide and understand the homeowner’s needs and concerns.
Professionalism: Treat the housesitting assignment with the same dedication and commitment you would any other job.
Attention to Detail: Take note of specific instructions and preferences. Homeowners appreciate when you care for their home as they would.
Regular Updates: Keep homeowners informed about how everything is going, especially regarding their pets’ well-being.
Leave a Positive Lasting Impression: Ensure the home is clean and welcoming upon the homeowners’ return. Maybe even getting fresh flowers for the dining room table on their return.
By managing expectations and delivering exceptional service, you build a reputation that enhances your portfolio and opens doors to new opportunities.
Navigating Legal and Financial Aspects
Setting Smart Pay Preferences and Rates
Determining your pay preferences and setting your rates calls for a strategic blend of self-awareness and market understanding. Here’s how to set intelligent rates that reflect your value:
Self-Evaluation: Consider your level of experience, the range of services you offer, and what sets you apart from others.
Market Research: Look into the average rates for house sittersin your target locations and skill set.
Expenses: Account for any travel or incidental expenses you may incur while house sitting.
Define Your Rates: Set a base rate for standard responsibilities and consider additional fees for extra services such as pet care or extensive gardening.
Be Clear & Upfront: State your rates on your profiles and websites to maintain transparency with potential clients.
Smartly set preferences and rates not only attract serious inquiries but also ensure you are adequately compensated for your commitment and services.
Insurance and Professional Cover Considerations
When stepping into someone’s home as a professional house sitter, it’s crucial to consider the layers of protection both for yourself and the property you’re responsible for.
Here’s what to keep in mind regarding insurance, professional coverage, and house sitting agreement:
Liability Insurance: Protect yourself against claims for damage or accidents that could occur during your stay. This is why many start by using a trusted site like Trusted Housesitters.
Personal Indemnity Insurance: If you’re advising on security or care, this can cover you for the advice provided.
Pet First Aid Certification: Not insurance per se, but it boosts credibility and reassures clients about their pet’s welfare.
Travel Insurance: Ensure it covers you for housesitting activities abroad if you’re traveling for gigs.
Understand Policies: If using platforms like TrustedHousesitters, know what their insurance offerings entail and how they apply to you.
Having the right cover is an investment in your business—it not only gives peace of mind but also enhances trust between you and your clients.
Growing as a Professional House Sitter
Learn From Every Assignment and Feedback
Every house sitting assignment is a classroom of its own. From bespoke routines to diverse pet personalities, each gig is an opportunity to grow professionally.
Reflect on Feedback: After completing a sit, take time to consider any feedback given—both praise and constructive criticism.
Continuous Improvement: Use each assignment to refine your skills, be it pet care, communication, or home maintenance.
Feedback Loop: Encourage homeowners to provide honest feedback to help you enhance service quality further.
Journal Experiences: Keep a detailed journal of your sits, noting what you learned and how you might improve. Plus small details to improve on repeat clients.
Proactive Learning: Seek out resources to bolster areas where feedback suggests there’s room for growth.
By treating each assignment as a learning experience, you not only become more adept at house sitting but also signal to potential clients that you’re committed to excellence.
Stay Informed and Adaptive to Industry Trends
The house sitting industry is alive with evolution, influenced by changing homeowner preferences, technological advancements, and a shifting global landscape. Staying ahead means being both informed and adaptable. Here’s how you can keep pace with the industry trends:
Market Research: Regularly check industry reports, surveys, and forums for the latest changes in house sitting rates and homeowner expectations.
Adapt Services: Be prepared to adjust your service offerings in response to new demands, such as smart home technology management or eco-friendly home care practices.
Embrace Technology: Utilize new apps and digital tools designed for house sitters to streamline bookings, client communications, and task management.
Professional Development: Attend workshops, webinars, or conferences focused on house sitting to expand your knowledge and network.
Growth Mindset: Treat every new trend or change as an opportunity to learn and expand your business to new markets and opportunities.
By embracing a commitment to continuous learning and flexibility, you position yourself at the forefront of the house sitting industry.
FAQs About Making Money Through House Sitting
Yes, it’s possible to earn a living exclusively from housesitting.
While it may require dedication to build a client base and can vary by location, those with strong reputations can find continuous opportunities. Diversifying services and locations can aid in maintaining a steady income.
For short-term house sitting gigs, rates may be higher due to the convenience factor for homeowners. In contrast, long-term sits may attract lower daily rates but offer steadier work.
Emphasize the value provided and seek a fair agreement that reflects the length and complexity of the job.
Unexpected costs in house sitting can arise, such as expenses for transportation, utilities, or emergencies. Clear agreements with homeowners about who covers these costs are crucial.
Always have a contingency plan and discuss potential unforeseen expenses in advance.
Ready to Start House Sitting as a Job?
In conclusion, venturing into the world of house sitting can be an exceptionally rewarding endeavor, offering you the unparalleled opportunity to explore new places while ensuring homeowners’ peace of mind.
House sitting is more than just a job; it’s a lifestyle that allows for flexibility, adventure, and personal growth.
By signing up with TrustedHousesitters, you’re not only stepping into a hub of global house-sitting opportunities. You’re also choosing a platform renowned for its extensive listings and high trust level among the community.
Recognized as the world’s largest site for house sitting, TrustedHousesitters connects you with a wide array of homeowners across the UK, Europe, North America, and Australia, broadening your horizons and making the small annual membership fee a worthwhile investment in your new house-sitting career.
With your enthusiasm, thoughtful profile, and personalized approach to each application, you are setting yourself up for success. Your open availability is a prime time to make money.
So why wait? Sign up, create your profile, and get ready to embark on your house-sitting journey with TrustedHousesitters today!
House sitting as a full-time lifestyle
Whether you’re a digital nomad, in between jobs or studies, retired, or simply looking for a break from the norm, long stay house sitting could be for you.
Make money and travel the world. Sounds like a good deal, right?
Get Started
Source
Care.com. “House sitting rates: How to determine fair pay every time.” https://www.care.com/c/house-sitting-rates/. Accessed March 7, 2024.
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Forget Aspen and consider the Alps. Depending on how close you live to the mountains, it may actually be cheaper to ski in Europe, including flight costs, than to ski in the U.S.
Skier Sam Weintraub, founder of ski resort review website PeakRankings, can attest to the price difference — after all, he’s skied at about 135 resorts worldwide. This past January, Weintraub hit the slopes at six European ski resorts across 20 days. He spent $3,800 in total, including $800 on a round-trip flight to Geneva, Switzerland, from Newark Liberty International Airport.
Weintraub paid about $670 out of pocket for eight days of lift tickets. As for the other 12 days, he flashed his Ikon and Epic ski passes, which are season passes to select ski resorts worldwide. (Those pass prices weren’t included in the $3,800 total price estimate since he had already been using them in the U.S. earlier this ski season).
But he said even travelers who pay for lift tickets individually could see significant savings. The average daily U.S. ski lift ticket costs $198 this ski season, according to vacation rental booking site HomeToGo, which analyzed 48 major U.S. ski areas. Meanwhile, Weintraub paid on average just $83.75 per day for lift access at resorts not covered by his passes.
With a combination of getting a good deal on flights and lift tickets, a European ski trip could be less expensive than you think. Here’s how:
Deals abound on European lift tickets
The lower cost of skiing in Europe is largely due to cheaper lift tickets. A single lift ticket in the U.S. can sometimes cost more than $300 per day. At Deer Valley, which is one of Utah’s priciest resorts, you’ll owe $315 for a one-day adult lift ticket on most weekends after taxes and fees. Tickets for children can cost more than $195.
Contrast that with deals found in Europe, such as Switzerland’s Jungfrau region. Located at the foot of the Alps, it’s traditionally thought of as an expensive bucket list destination. A one-day ski pass costs 75 Swiss francs (about $85 at the time of writing).
But the deal gets even sweeter for families. On Saturdays, each adult who buys a one-day ticket can bring up to three children for free. That’s just over $20 per lift ticket for an adult with three kids who takes full advantage of the deal.
Some people chalk up the lower cost of European lift tickets to increased competition. In the U.S., there are more than 500 ski resorts. In Europe, which is similar in land area, there are almost 4,000 ski resorts, according to ski data provider Skiresort Service International.
Ski passes for international ski resorts
Weintraub’s Ikon and Epic Passes accounted for a big chunk of his low trip costs. These season passes grant access to various resorts worldwide, including three of the six resorts visited on his trip. Depending on how much you ski in the U.S. and abroad, such passes might help you save as well.
If you’re skiing for about a week or more in Europe specifically, multi-resort passes might also be cheaper than one-day lift tickets. For example, Italy’s Dolomiti Superski offers a 500 euro pass (about $540) that lets adults ski eight days across any of its 12 interconnected resorts. That’s less than $70 per day.
Flights to Europe can be affordable
Airfare may be a huge chunk of the budget of skiing in Europe, but it’s getting cheaper. According to the American Express Global Business Travel (AmEx GBT) Air Monitor 2024 report, average economy airfares from North America to Europe are expected to drop by 3.5% this year.
Falling airfares correlate with an increase in routes. For example, Air France’s North America capacity increased by 20% in winter 2023 versus 2019, and includes a new seasonal route to Innsbruck, Austria. The city is famous for snow sports and has played host to two Winter Olympics.
Book flights early
Weintraub booked his flight less than a month before departure. That’s outside the two-to-eight-month window that travel experts recommend for booking international flights. According to Google Flights, flights between Newark and Geneva usually cost between $485 and $770 — lower than the $800 Weintraub paid.
“I would have saved hundreds more if I had been more proactive,” he said in an email.
Other ways to save on European ski trips
Just like the U.S., Europe has ultra-expensive mountain regions. To save money, skip iconic resorts like France’s Courchevel in favor of lesser-known gems like La Clusaz.
Eastern Europe can be especially affordable. At Bulgaria’s Bansko Ski Resort, one-day adult tickets cost about $53. Not only will you typically find lower prices, but also perhaps shorter lift lines.
No matter where you choose to ski across the pond, take into account the costs of lift tickets and airfare, but also other transportation, food, lodging, lessons and rentals to see if a European ski trip might help you save on the slopes.
Increase in consumer interest toward home décor, rise in urbanized population, and rapid adoption of online sales channels drive the global DIY home décor
PORTLAND, 5933 NE WIN SIVERS DRIVE, #205, OR 97220U, UNITED STATE, February 27, 2024 /EINPresswire.com/ — According to the report published by Allied Market Research, the global DIY home décor market garnered $240.64 billion in 2021, and is estimated to generate $372.06 billion by 2031, manifesting a CAGR of 4.7% from 2022 to 2031. The report provides an extensive analysis of changing market dynamics, major segments, value chain, competitive scenario, and regional landscape. This research offers a valuable guidance to leading players, investors, shareholders, and startups in devising strategies for the sustainable growth and gaining competitive edge in the market.
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Report coverage & details:
Report Coverage Details Forecast Period 2022 – 2031 Base Year 2021 Market Size in 2021 $240.64 billion Market Size in 2031 $372.06 billion CAGR 4.7% No. of Pages in Report 339 Segments covered Type, Income Group, Price Point, Distribution Channel, and Region. Drivers Increase in consumer interest toward home décor Rise in urbanized population Rapid adoption of online sales channels Opportunities Increase in disposable income of consumers Improvement in lifestyle Rise in social media marketing Restraints Rise in cost of raw materials
Covid-19 Scenario:
The outbreak of the COVID-19 pandemic had a negative impact on the growth of the global DIY home décor market, owing to the implementation of global lockdown which resulted in the temporary closure of production facilities, especially during the initial period. Supply chain was disrupted due to import & export restrictions. Manufacturers faced shortage of labor and unavailability of raw materials. However, manufacturers focused more on social media advertisement to reach a large consumer base. Also, a rise in penetration of online sales channels boosted the growth of the market.
Get detailed COVID-19 impact analysis on the DIY Home Décor Market : https://www.alliedmarketresearch.com/request-for-customization/17233?reqfor=covid
The research provides detailed segmentation of the global DIY home décor market based on type, income group, price point, and distribution channel, and region. The report discusses segments and their sub-segments in detail with the help of tables and figures. Market players and investors can strategize according to the highest revenue-generating and fastest-growing segments mentioned in the report.
Based on product type, the floor covering products segment held the highest share in 2021, accounting for more than one-third of the global DIY home décor market, and is expected to continue its leadership status during the forecast period. However, the home textile segment is expected to register the highest CAGR of 5.8% from 2022 to 2031. The report also analyzes furniture segment.
Based on price point, the mass segment accounted for the highest share in 2021, contributing to more than half of the global DIY home décor market, and is expected to maintain its lead in terms of revenue during the forecast period. However, the premium segment is expected to manifest the highest CAGR of 5.5% from 2022 to 2031.
Based on distribution channel, the specialty stores segment accounted for the highest share in 2021, holding more than two-fifths of the global market, and is expected to continue its leadership status during the forecast period. However, the e-commerce segment is estimated to grow at the highest CAGR of 6.3% during the forecast period. The report also analyzes segments including supermarkets & hypermarkets, and others.
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Based on region, Asia-Pacific held the largest share in 2021, contributing to nearly one-third of the total market share, and is projected to maintain its dominance terms of revenue in 2031. In addition, the North America region is expected to manifest the fastest CAGR of 5.4% during the forecast period. The research also analyzes regions including Europe and LAMEA.
Leading market players of the global DIY home décor market analyzed in the research include Forbo International SA, Herman Miller Inc., Inter IKEA Systems BV, Kimball International, Mannington Mills Inc., Mohawk Industries Inc., OVERSTOCK.COM, INC., Shaw Industries Group, Inc, TARGET CORPORATION, Armstrong World Industries, Inc., Ashley Furniture Industries Ltd., Duresta Upholstery Ltd., WALMART INC., WAYFAIR INC, Williams-Sonoma, Inc.
The report provides a detailed analysis of these key players of the DIY home décor market. These players have adopted different strategies such as new product launches, collaborations, expansion, joint ventures, agreements, and others to increase their market share and maintain dominant shares in different regions. The report is valuable in highlighting business performance, operating segments, product portfolio, and strategic moves of market players to showcase the competitive scenario
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When spending money on an expensive plane ticket, it can be confusing if you need to change plans and are hoping for a refund.
If you booked a flight on Emirates and now you can’t travel, you might be wondering how to make an Emirates refund request. The process is easy — as long as you booked the right type of ticket.
Let’s take a look at how you can determine refund eligibility, how to request a refund and how long it might take to receive the funds.
Emirates refund policy
Airlines sell different fare products at different price points. This goes beyond the simple cabin categories (economy, business or first, for example).
Within each cabin class, there are numerous other fare types that have different change and cancellation policies. This is an important consideration when booking a ticket, especially if you think you might need to change your plans later.
These details are outlined in the your Emirates ticket’s fare conditions. Depending on the ticket you book, you may be able to get a full Emirates ticket refund, a travel credit to use within 24 months for a future flight or no refund at all.
If your ticket is eligible, the amount you receive will vary based on if you’ve used the ticket or already flown on part of it. Unused tickets receive a full refund, while partially used tickets may only receive a prorated refund, if any at all.
Here are some more details from the Emirates’ cancellation policy:
Flex Plus fares. Flex Plus fares with Emirates are fully refundable, while most other fares have conditions that make them non-refundable or that convert them to a travel credit if unused.
Award flights. If you used Skywards miles for your trip, you can cancel it for a full refund before traveling. There’s a $25 fee for date changes for a Saver reward (free for Flex or Flex Plus awards), or a $75 fee to redeposit Classic Saver mileage tickets altogether (free for Flex or Flex Plus awards).
Cash + Miles fares. For Cash+Miles tickets, miles will be refunded — although if any expired during the purchase period, those will be forfeited. For trips that have been partially flown, the ticket would be re‑priced with only the unused portion of Cash+Miles refunded.
What if Emirates cancels or changes my flight, can I get a refund?
If Emirates cancels or changes your flight for mechanical, operational or weather reasons, you can request your money back as a refund or receive a future travel credit.
Most likely, Emirates will try to get you to your destination in a reasonable time frame on another airline if it cannot transport you, but the option for a refund is available if you simply choose not to travel at all. If you have partially flown on the ticket, you would only be refunded for the unused portion of the flight.
🤓Nerdy Tip
Based on local regulations, you may be eligible for compensation due to involuntary changes to your flight made within 14 days of your trip.
Flights departing Europe have EU-261 protections that could put some additional cash back in your pocket beyond the refund itself. However, flights inbound to Europe on a non-European carrier are not eligible for that EU-261 protection.
Can I get a refund for incidental expenses?
If your ticket is eligible for a refund and you didn’t travel, you can request your money back for any seat assignments or lounge access you might have paid for before departure.
If you did travel, but were unable to use the services provided (say, there was a change of aircraft and your seat was swapped, or the lounge wasn’t available), you can use the Emirates refund form to request your money back.
If you were downgraded to a lower cabin (like from business to premium economy), you’re eligible for a refund for the difference in fare, too.
How will my refund be processed?
Any funds will be returned to the original form of payment. If you booked your ticket via a travel agent, you will need to contact them to process the refund. They will then return the money back to your original form of payment.
If you used a third-party travel booking site like Orbitz or Expedia, you would need to contact them directly. These can be far more cumbersome processes than dealing directly with the airline as they may have their own policies in place.
How to complete the Emirates refund form
Requesting a refund from Emirates is a simple process as long as you have the right information on hand. Luckily, you can find everything you need on your original ticket receipt.
Enter your dates of travel, departure and arrival airports and personal details.
Choose what you’re requesting a refund for (for example, an unused ticket or downgrade).
Enter the ticket details and payment method.
Click submit. Keep in mind that this will automatically cancel your ticket.
Emirates doesn’t provide a way to check the status of your refund, but the process typically takes seven business days. If you still haven’t heard anything after a week, you can contact Emirates directly to ask about the status.
Emirates’ refunds, recapped
Like most airlines, Emirates has fare restrictions that don’t make every ticket refundable. But, there are many that are eligible for a refund. There may also be cases in which you didn’t receive the services you paid for, and those are also refundable.
If your ticket isn’t eligible for a refund, you might be able to keep the credit for a future travel date. If you are due a refund, you’ll be able to request one using the online form on Emirates’ website.
How to maximize your rewards
You want a travel credit card that prioritizes what’s important to you. Here are our picks for the best travel credit cards of 2024, including those best for:
When home-furnishings mogul Evan Cole set out to build a home in Los Angeles, he wanted a classic design that would mesh seamlessly with his neighbor: the famed 110-acre Getty Center with its curved, marble buildings.
“The whole goal was to…make sure it matched the Getty—that it didn’t look out of place up there,” said Cole, who co-founded the home division of ABC Carpet & Home in New York City in the 1980s and later, California-based home furnishings company HD Buttercup.
Working with architect Thomas Juul-Hansen, Cole spent more than five years building a roughly 15,000-square-foot house clad in travertine marble. During that time, his family relocated to Aspen, Colo., and he is now putting the six-bedroom house on the market for $68 million, according to listing agents Branden and Rayni Williams of the Beverly Hills Estates, who have the listing with Kurt Rappaport of the Westside Estate Agency.
More: Emma Stone Sells Bright Los Angeles Mini-Compound for $4.3 Million
“Doing this house is the culmination of all of my work, to be honest with you,” said Cole, 63, a Queens, N.Y., native.
The roughly 2-acre Brentwood property sits on a hilltop next to the Getty Center. When he drove up to the L.A. property in the early 2000s, Cole said he was immediately attracted to the location’s privacy and views. “When you’re there, you don’t feel like anybody can see you,” he said. “It’s like having a perch.”
He paid about $5 million for the site in 2004, he said. At the time, the property contained a “cool California ranch” house spanning 2,000 square feet. Cole lived there with his wife and two children there for eight years while he mulled over plans for a new residence. “Every day, I was like, ‘I’ve got to do something with this place,’” he recalled. “It took me eight years to figure it out.”
Cole was hung up on the idea of building something classic that would be “symbiotic” with the Getty next door, he said. He credited Juul-Hansen with designing a building that could be a “sister” to the museum.
MANSION GLOBAL BOUTIQUE: The New Old School: Eclectic Grandpa Home Decor
The three-story residence has 20-foot ceilings in the entryway and living room, which feature frameless glass sliding doors. A gym overlooking West L.A. has 60 feet of glass. “From every angle in the house, you have a view,” Cole said. Atop the house, there is a roughly 5,000-square-foot roof deck.
The house has two primary bedrooms and a “mother-in-law suite” with its own kitchen, Cole said. There is also a wine room and a spa with a sauna and massage room. The grounds have a kidney-shaped pool that cantilevers over the hillside.
Most of the materials came from Europe, including solid oak doors, Murano lighting and acoustic wood panels for the ceiling, Cole said. The house is clad in travertine sourced from the same quarry in Italy that provided the materials for the Getty. Cole said he relied on his contacts to source materials for the house. “I know where to buy the good stuff,” he said. “I could not have done any of this if I were not in the business.”
More: $20 Million Penthouse Is The Biggest Sale So Far This Year on Manhattan’s Upper West Side
Cole declined to say how much he spent building the house. Before it was completed, Covid hit and his family relocated to Aspen. Although he travels between Colorado, New York and L.A., he doesn’t want to uproot his children by moving them back to L.A. “It’s time to move on,” he said.
While Cole said he planned to move into his latest creation, he has never even spent the night. (He does, however, keep bottles of Fiji water in the fridge.) He has built several family homes in New York and L.A., he said, and feels that building is about the journey, not the result. “I have felt like whoever gets it, it’s theirs,” he said. “I’m like it’s shepherd rather than its master.”
Despite a slowdown in the luxury market nationwide and in L.A., the number of single-family home sales in Brentwood during 2023’s fourth quarter rose 15.6% compared with the prior-year period, according to real-estate appraisal firm Miller Samuel. The median sale price for single-family homes grew 3.8% year-over-year to $4.3 million.
While the overall L.A. market has softened, Brentwood and Pacific Palisades have remained attractive, seeing “a really good uptick” in deals, Branden Williams said. “Everybody loves to be on the west side,” he said.
It was destined to be a mostly boring, sideways week (to whatever extent “destiny” actually has any predictive value). Perhaps it’s more fair to say that “boring and sideways” is the least surprising outcome in light of the incredibly sparse event calendar. European data and policy speeches have been in far greater supply, generally hurting bonds on Wednesday and now helping today. The net effect restores Treasuries to Wednesday AM levels and sets the week on track to end almost perfectly unchanged vs last week.
Unfortunately, Bonds Did Exactly What They Were Supposed to Do After CPI
By:
Matthew Graham
Tue, Feb 13 2024, 3:16 PM
Unfortunately, Bonds Did Exactly What They Were Supposed to Do Today
Over the course of the past two weeks, and especially in the past few days, there’s been so much focus on today’s CPI release that it may have bordered on annoying. A few things are more annoying, however. Today’s example is a bond market that was incredibly eager to confirm that CPI deserved every bit of the recent hyper-focus. By the time we consider that the big jobs numbers earlier in the month hit when yields were low enough to offer little argument to correction, today’s CPI reaction is larger and more significant by an order of magnitude. The heretofore ceiling at 4.19% in 10yr yields was immediately shattered and we now find ourselves at the weakest levels in 2 months, resigned to wait on other economic data to tell a more rate-friendly story.
08:24 AM
moderately stronger overnight with all the gains arriving in Europe. 10yr down 2.7bps at 4.152.
08:40 AM
Sharply weaker after CPI. 10yr up 10bps at 4.279. MBS down roughly half a point.
12:29 PM
5.5 coupons are currently down 5/8ths on the day. 6.0 coupons (quickly becoming more relevant for pricing) are down only 14 bps (.44). 10yr yields are up 10.4bps at 4.283
01:59 PM
New lows with 6.0 coupons down half a point and 10yr yields up 11.4bps at 4.293.
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Bonds Increasingly Look Like They’re Waiting For CPI
By:
Matthew Graham
Thu, Feb 8 2024, 3:30 PM
Bonds Increasingly Look Like They’re Waiting For CPI
It wouldn’t be the first time and probably won’t be the last that the bond market finds itself in a lull during a week that separates the most significant top tier economic data. Last Friday’s NFP swung for the fences (in a bad way for rates), but it’s not game over unless next week’s CPI proves to be a bash brother. Between one and the other, it’s a great time to hit the concession stand. This isn’t to say exciting things can’t happen outside of NFP and CPI-type reports, only that there’s nothing on the calendar of scheduled events that demands attention until Tuesday morning at 8:30am ET.
Jobless Claims
218k vs 220k f’cast, 227k prev
08:20 AM
Modestly weaker overnight with losses led by Europe. MBS down 5 ticks (.16) and 10yr up 2bps at 4.135
10:47 AM
modestly weaker drift with MBS now down 7 ticks and 10yr yields up 4bps at 4.154
12:49 PM
Very flat through mid morning hours. MBS down 5 ticks (.16) and 10yr up 4.5bps at 4.16%.
01:08 PM
Slightly stronger 30yr bond auction and a decent reaction in Treasuries. 10yr now up only 2.7bps at 4.142. MBS down an eighth of a point.
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Bonds sold off again today, but this time in several distinct waves. The first wave occurred instantly as trading opened in the overnight session. 10yr yields jumped immediately from 4.02 to 4.08 as investors reacted to Powell’s 60 Minutes interview (which reiterated that strong econ data means the Fed is in no hurry to cut). Stronger econ data in Europe pushed EU yields higher, kicking off the 2nd wave of selling and taking 10s to 4.12. Then in U.S. hours, a broadly stronger ISM Services PMI kicked off the 3rd wave, taking yields over 4.16% by the 3pm CME close. With that, bonds are basically back in line with January’s highs unless you ask shorter-term bonds (more influenced by Fed Funds Rate expectations) which are the highest since the Dec 13th Fed announcement.
09:18 AM
Sharply weaker overnight, with losses out of the gate and additional weakness in Europe. 10yr up 10bps at 4.119. MBS down almost half a point in 5.5s and just over a quarter point in 6.0 coupons.
10:35 AM
Additional losses after ISM data. MBS down over half a point. 10yr yield up 13.2bps at 4.154.
02:05 PM
Weakest levels just before 11:30am. Sideways since then. MBS down almost half a point in 5.5 coupons and 10 ticks (.31) in 6.0 coupons). 10yr up 13.8bps at 4.16%
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