Vinyl flooring is a synthetic flooring material that is durable, affordable and easy to install. Vinyl is commonly confused with other types of flooring such as linoleum and laminate flooring. Luxury vinyl tile and planks are increasingly popular due to their versatility, ability to hold up in moist environments and realistic wood plank and stone tile appearance. So, which one is best for your home? To answer this question, you must first understand the differences between these popular flooring options.