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)