Vacation Rental Industry Trends
Dive into Vacation Rental Market Trends and Industry Insights
Dive into Vacation Rental Market Trends and Industry Insights
The right market data can increase your market share, strengthen your marketing approach and sharpen your competitive edge. Our team of experts aggregates relevant industry data from various funnels to bring you the most cohesive vacation rental reports on the web, designed to equip you with all you need to know about your market or region.
Travel contributed $8.7B to the local economy and created 70K jobs in Austin in 2018. See the economic impact of travel in Austin between 1994 and 2018.
RedAwning’s lower Atlantic beach town clients have seen average monthly revenues grow nearly 40% year over year in 2019. Use the market insights in this report to optimize your business model.
Boston saw 23 Million Visitors in 2019 and $2.7Billion in visitor spending. RedAwning Listings outperformed the regional average by 64%. Learn the secrets to outpacing the competition.
Broward-based RedAwning partners saw a 186% YOY increase in bookings, with a bookings index (how properties perform versus the Florida average) increase of 532%.
Development of additional hotel rooms on the island is prohibited by a Rate of Growth Ordinance. The combination of strong demand & capped supply has allowed Key West to become the highest RevPAR market in the country.
Occupancy levels in Florida’s Emerald Coast market averaged almost 60% in 2018 and continues to grow YoY. Use the market report to compare Florida’s RevPar to the national average.
Galveston short-term rentals raked in $8M in November 2019, while those on RedAwning’s short-term marketing, reservations and hospitality solution, saw their bookings grow 8X from October 2018.
In 2018, Maui saw 3 billion visitors and 5 billion in tourism-generated revenue. This year, Maui tourists have increased their spending to an average daily of 15M, and the year isn’t over yet.
In 2013, Nashville’s central business district (CBD) sold 2.1M nights. By 2018, demand swelled to 3.2M nights, growing 55% in 5 years. With more travelers looking for accommodations like yours.
From 2014 to 2018, the booking value of hotels showed a modest combined annual growth rate of 3% while short-term rentals had a CAGR of 12%, from $64B to $101B.
In 2017, Coachella Valley and Greater Palm Springs saw nearly 19 million visitors and over $6 billion in tourism-generated revenue, with preliminary data promising impressive continued growth.
Truckee-Based RedAwning Partners Saw 88% Booking Increase YOY in 2019, see how we can help you grow your revenue and outpace your competition.