The vacation rental market is booming, valued at $25 billion and accounting for 20% of the hotel market and 8% of total travel. Vacation rentals have higher occupancy rates than hotels at 79% compared to 71%. Dwellable's mobile app is the top app for the vacation rental market, with 75% of its users researching rentals on their phones and 35% inquiring or booking through the mobile app. In the second quarter of 2013 alone, Dwellable's mobile app is estimated to have driven $4 million in bookings. Dwellable has seen a 10-fold increase in mobile inquiries since January 2013 and continues to focus on innovation and creating a high quality experience for travelers and property owners.