Zeller Realty - Sierra PropertiesLicense #: 00319644

Zeller Realty - Sierra PropertiesLicense #: 00319644

Summer Vacation Rentals Are Already Skyrocketing

As vaccination rates rise, many states are loosening restrictions on travelers, prompting some Americans to look for homes to book for this summer. Short-term vacation rentals are seeing a surge in demand and their owners are prepared for a lively summer.

Airbnb vacation rentals nationwide in July and August are expected to average around $220 compared to last year’s $194 and $185 in 2019, according to Transparent, a vacation rentals data company.

Demand is growing for all types of housing, from large houses to studios and one-bedrooms.

Also, property owners are reporting that more guests want to stay more than just a few days, with some opting to stay multiple weeks. “We’re seeing an emerging trend of ‘slow travel,’ with travelers wanting to spend more time immersing themselves in a destination than they did pre-pandemic,” Mahendra Roopa, HometoGo’s director of product, told The New York Times.

Source: “5 Things to Know About Booking a Summer Rental,” The New York Times (April 20, 2021) and “Explosive Demand for Vacation Rentals Has Made Property Managers a Hot Commodity,” CNBC (April 20, 2021)

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