Vacation Rental Statistics 2024 – Everything You Need to Know


Steve Bennett
Steve Bennett
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Are you looking to add Vacation Rental to your arsenal of tools? Maybe for your business or personal use only, whatever it is – it’s always a good idea to know more about the most important Vacation Rental statistics of 2024.

My team and I scanned the entire web and collected all the most useful Vacation Rental stats on this page. You don’t need to check any other resource on the web for any Vacation Rental statistics. All are here only 🙂

How much of an impact will Vacation Rental have on your day-to-day? or the day-to-day of your business? Should you invest in Vacation Rental? We will answer all your Vacation Rental related questions here.

Please read the page carefully and don’t miss any word. 🙂

Best Vacation Rental Statistics

☰ Use “CTRL+F” to quickly find statistics. There are total 256 Vacation Rental Statistics on this page 🙂

Vacation Rental Benefits Statistics

  • 21% of people cited mental health benefits and self care as a motivation for travel. [0]

Vacation Rental Market Statistics

  • Revenue is expected to show an annual growth rate of 7.2%, resulting in a market volume of $18,517M by 2024. [1]
  • In 2019, the annual market growth rate was 6.9%. [2]
  • The user penetration rate is 15.3% in 2021. [2]
  • With a roughly 10% yearover year vacation rental market growth rate, the industry will be close to $20 billion in 2025. [3]
  • Some of Airbnb’s fastestgrowing markets include Hudson Valley, NY (revenue is up 85% yearover year); Big Bear, CA (up 73%); and Lake Tahoe, CA (up 67%). [3]
  • Experts predicted that the vacation rental market would reach USD 87.61 billion in 2020, but the pandemic has thrown these predictions off track. [0]
  • Revenue is expected to show an annual growth rate of 3.62%, resulting in a projected market volume of US$20.36bn by 2026. [4]
  • Airbnb is already accounting for about 9% of the total lodging units in the 10 largest US markets and this number seems to be doubling year on year while the hotel industry is almost saturated with only 1.1% annual growth. [5]
  • Hostfully report on the market sizing of U.S. vacation rental industry estimates that 44% of these homes are professionally managed and 25 35% of them are rented out. [5]
  • Our analysis of over 300 US cities shows that the national short term rentals market is in recovery as Airbnb occupancy rates increased by an average of 13% between March and September. [6]
  • Transactional value of the European short term rental market grew more than 220% between the first quarters of 2015 and 2016. [7]
  • U.S. travel to overseas markets totaled 35.1 million — up by seven percent. [7]

Vacation Rental Software Statistics

  • – Vacation Rental Managers spend an average of 10% of revenue on commissions to booking platforms . [8]
  • There are also ample opportunities with the property management software companies since about 84% of the vacation rental companies have shown interest in services that are currently not being provided by their current software suite. [5]
  • The results of our survey showed that 71.4% of hosts did not consider reducing their automation software costs. [6]

Vacation Rental Latest Statistics

  • Booking Tracker United States State Level % Change in New Vacation Rental Bookings. [8]
  • United States Market Level % Change in Vacation Rental Demand Urban vs. Suburban. [8]
  • In April 2021, U.S. shortterm rental occupancy hit an all time high of 61.6%. [8]
  • ( AirDNA – 2024 rate contraction still means the average rate will be 7.5% higher than in 2019. [8]
  • ( AirDNA – Total United States shortterm rental revenues will increase by 42% over the four. [8]
  • HomeAway – Vacation Rental Companies increase direct revenue 30% YoY when they upgrade to a modern, mobile friendly booking site like Lodgify HomeAway – 84% of Vacation Rental Companies include a printed guidebook within the property . [8]
  • Hostfully – In 2016, 52% of vacation rental bookings came within 30 days of check in . [8]
  • 41.0% – 2020 Global # of Vacation Rentals Users 444.8 million. [8]
  • 41.0% by Year – 2020. [8]
  • Total United States # of Vacation Rentals Users 35.2 million ( Statista United States Vacation Rental Penetration (% of Population Using Vacation Rentals). [8]
  • 2020 United States Vacation Rentals Penetration Rate 10.6% by Year – 2020 United States Vacation Rental Average Revenue per User in 2020. [8]
  • In 2020 25% of United States Vacation Rental Bookings were offline vs. 75% online –. [8]
  • In 2020, 17% of vacation rental bookings were made by individuals 1824, 32% by ages 2534, 24% by ages 3544, 17% by ages 4554 and 10% by ages 55. [8]
  • Airbnb charges 020% service fee to guests and 3 5% transaction fee to hosts. [8]
  • Vrbo charges 6 12% service fee to guests and transactions fees of 8% or more to hosts. [8]
  • – TripAdvisor charges an 8 16% to guests and transaction fees of 3% to hosts. [8]
  • – Booking.com does not charge guests but charges hosts 10. [8]
  • – Expedia does not charge guests but charges hosts 15. [8]
  • 1bedroom vacation rentals in the 50th percentile earn about $38,490 per year, while a 3 bedroom brings in $98,688. [1]
  • 34% of investors purchased vacation home properties in a suburb or subdivision, 24% in a small town and 19% in an urban area or central city. [1]
  • 33% of buyers purchased in a beach area, 21% purchased on a lake front, and 15% purchased a vacation home in the country. [1]
  • According to a Hawaii Tourism Authority report, 15% of visitors would not have gone to Hawaii if there hadn’t been the option to stay in alternative accommodations, such as vacation rentals. [1]
  • Research showed that the percentage of longer stays has doubled since 2019. [1]
  • 85% of vacation rental companies and hoteliers surveyed said that automation was a priority. [1]
  • Currently 82% of vacation rental property managers plan to implement keyless technology. [1]
  • Operto found that 34% of property managers were planning to invest 11 25% more than currently on tech. [1]
  • 52% of property managers have diversified their revenue channels over the past year, and 91% are interested in listing on another OTA. [1]
  • (avantio.com 90% of European property managers said they’d made their cancellation policies more flexible. [1]
  • 52% were even planning to offer free cancellation in 2021. [1]
  • According to a survey, 90% of property managers had noticed an increase in last. [1]
  • According to data from VRM Intel, direct bookings accounted for over 50% of bookings in 2020. [1]
  • The pandemic disrupted normal seasonality trends, and surprisingly, average rates actually grew slightly in 2020 by 4%. [1]
  • 31.6% of property owners said they spent four or more hours creating their vacation rental listing. [1]
  • In the Vacation Rentals segment, 77% of total revenue will be generated through online sales by 2024. [1]
  • 77.9% of homeowners admit that the only way they welcome guests to their property is with an email. [1]
  • 57% of hosts say they provide a welcome basket or gift for their guests upon arrival. [1]
  • 44% of hosts leave one roll of paper towels per guest, and 52% provide two or more. [1]
  • 63% of hosts provide two towel sets per guest. [1]
  • While 32.5% provide one or one and a half. [1]
  • Over 75% of hosts use polyester filled pillows, the remainder use feather and other materials. [1]
  • 41% of hosts get carpets professionally cleaned a minimum of twice per year, while 58% do this annually. [1]
  • 42% of hosts will deep clean their BBQ grill twice per year, but just over ¼ only do this once. [1]
  • 82% of hosts have a 5 star rating on listing sites like Airbnb and HomeAway. [1]
  • 38% of property managers surveyed said they have got more bookings from family and large groups. [1]
  • 57% of property managers said they noticed more bookings from guests intending to work during their stay. [1]
  • 63% of homeowners reply to travelers within 60 minutes of receiving their inquiry. [1]
  • 31% of travelers said spending quality time with family was their main motivation for travel. [1]
  • Studies in the US showed that 61% of families were more likely to visit an outdoorsy destination than an urban one. [1]
  • The popularity of countryside cabins increased by 25% and people sought to be near lakes and rivers. [1]
  • 59% of US travelers said they were more likely to drive than fly to their next destination. [1]
  • (avantio.com A survey of guests who had booked flexcations found that 33% of guests have been able to book vacation rentals and work due to remote working polices. [1]
  • 38% had booked flexcations to offer their children a new experience and break the monotony of staying at home. [1]
  • 67% said they would be likely to do it again. [1]
  • While the U.S. vacation rental industry rebounded in 2021, the industry projected revenue is down 43% compared to the industry before. [2]
  • Unemployment in the industry declined by as much as72%from 2020 to 2021. [2]
  • 70%of vacation rental companies are small businesses. [2]
  • 23,000 vacation rental companies operate in the U.S. Vacation rental companies account for 31.3% of all privately owned accommodation* establishments nationwide. [2]
  • 21% of all vacation rental properties are in the United States; 60% are in Europe. [2]
  • 70% of vacation rental companies are small, managing 1. [2]
  • 20% of all vacation rental companies are mediumsized and manage about 20. [2]
  • 10% of companies are large companies that manage over 100 units. [2]
  • Short stays accounted for 79% of bookings prior to March 2020. [2]
  • This dropped to 30% in March 2020, but grew to 59% by December 2020. [2]
  • 10% of U.S. travel bookings were for short term rentals prior to March 2020. [2]
  • Throughout 2020, their share rose to over 25%. [2]
  • As lockdowns went into effect in March 2020, booking cancellations rose by 534%. [2]
  • By late May, online searches for vacation information were 100% higher than they were the previous year. [2]
  • 23% of Americans report engaging with short. [2]
  • In April 2020, the industry had a 48.9% unemployment rate. [2]
  • Industry specialists project a return to a roughly 7.0% annual industry growth rate. [2]
  • 61% of families are more likely to visit a rural or “outdoorsy” destination than an urban one. [2]
  • 59% of families are more likely to drive instead of fly on their next trip. [2]
  • Private room accommodation has decreased in popularity by 99%. [2]
  • Cabins have increased in popularity by 80%. [2]
  • Villas and bungalows increased in popularity 61% and 60%, respectively. [2]
  • 65% of jobs lost in 2020 were directly or indirectly supported by the travel industry. [2]
  • Over the first three fiscal quarters in 2021, the average employee’s hourly wage increased 8.3%. [2]
  • During the same period, average weekly working hours increased 5.5%. [2]
  • In 2020, workers represented by unions earned an average weekly wage that was 21.2% higher than the average full. [2]
  • In the first three quarters of 2021, unemployment dropped 52.4%. [2]
  • From April 2020 to April 2021, unemployment declined 71.8% yearover. [2]
  • Domestic travel spending declined 36% from 2019 to 2020. [2]
  • The economic output from travel declined 42% or $1.1 trillion. [2]
  • 35% of jobs lost in 2020 were direct travel jobs. [2]
  • 65% of jobs lost in 2020 were travel. [2]
  • Before 2020, 11% of the workforce worked in travel. [2]
  • 6% of the workforce was directly employed by the travel industry. [2]
  • In 2020, travel related tax revenue declined 34%. [2]
  • Local jurisdictions received an 11% greater share of the total tax dollars generated by the travel industry. [2]
  • 42% of investors and 39% of vacation home buyers pay all cash for their property purchase. [2]
  • 63% of investors and 52% of vacation buyers buy detached single. [2]
  • 33% of vacation home buyers purchase in a resort area, 24% purchase in a rural area, and 18% in a small town. [2]
  • Another 33% of vacation home buyers purchase in a beach area, 21% purchase on a lakefront, and 15% purchase in the country. [2]
  • 34% of investors purchase in a suburb or subdivision, 24% in a small town, and 19% in an urban area or central city. [2]
  • 49% of vacation home buyers plan to use their property as a family retreat. [2]
  • 45% of investment property buyers purchased to generate income through renting the property 6% of vacation home buyers bought their property to generate income through renting. [2]
  • 30% of vacation property owners and 32% of investment property have shown interest in renting their homes as short. [2]
  • 43% of hosts who lease their primary residence manage all aspects of the rental. [2]
  • 38% of hosts who lease a secondary residence manage all aspects of the rental. [2]
  • 2.25 million or 25% of second homes are used both as a rental property and professionally managed. [2]
  • 31.6% of homeowners who use online platforms to advertise spend four or more hours creating their listing. [2]
  • 77.9% of homeowners welcome guests to their property via email only. [2]
  • 63% of homeowners reply to travelers within 60 minutes of receiving their inquiry. [2]
  • A medium rent residence is a personal residence where personal days are either in excess of 14 daysorare greater than 10% of the total number of rental days. [2]
  • Heavy rent refers to a personal residence where personal days are both in excess of 14 daysandless than or equal to 10% of the total number of rental days. [2]
  • Domestic travel declined 36% in 2020. [2]
  • 53% of all travel is booked online. [2]
  • 67% of travelers think it’s cheaper and easier to book on a brand website rather than a third. [2]
  • 71% of travelers with children say access to cooking their own meals is a major reason they choose a vacation rental. [2]
  • 83% of travelers prefer to spend their vacations near water. [2]
  • 74% of travelers prefer to be on the coast. [2]
  • Millennials make up 40% of leisure travelers who book online. [2]
  • Generation Z or Gen Z is most likely to travel with friends (35%). [2]
  • Prior to 2020, Gen Z spent their average vacation time in cities (more than 60% of the time). [2]
  • 81% of Gen Z travelers have already stayed in a vacation home, cabin or condo at some point in their lives. [2]
  • Though experts expect online booking to increase to 79% of all vacation reservations, many travelers still use traditional resources to plan trips. [2]
  • Travelers can save up to 70% by booking stays in the off. [2]
  • 95% of visitors have their travel plans influenced by brochure information. [2]
  • 83% plan to visit a business or attraction highlighted in a brochure, map, or guide. [2]
  • 78% of travelers consider altering their travel plans as a result of a brochure. [2]
  • 53% of travelers use brochures to plan their trip before they arrive. [2]
  • 59% of people review websites, online forums, etc. [2]
  • 31% turn to family and friends for recommendations when planning a vacation. [2]
  • 25% of people use a travel agency website. [2]
  • The US vacation rental industry’s total revenue is estimated to reach $13.3 billion in 2021. [3]
  • In 2021, user penetration is 13.1%, so around one in eight people have been vacation rental guests. [3]
  • According to a 2016 study , the top reason why people book a vacation rental is to have access to a kitchen, with 64% of respondents. [3]
  • 49% of respondents also said they would choose a vacation rental for more privacy. [3]
  • What made the company’s IPO even more impressive is that the company’s revenue was down 30% in 2020, due to the pandemic. [3]
  • At the end of March 2020, global occupancy in hotels had dropped to 17.5% from 77% (a 77% decrease). [3]
  • Studio and one bedroom vacation rentals saw occupancy of 36.4% compared to 66.3% in 2019 (a 45% decrease), and vacation rentals with two or more bedrooms ran occupancy of 32.6%, which was down 60.6% in 2019 (a 46% decrease). [3]
  • According to Vrbo, demand for cabin rentals is up 25% yearover year, and demand for chalets is up 20%. [3]
  • And 61% of families responding to Vrbo’s survey said they were more likely to pick an “outdoorsy destination” than a city for their next trip. [3]
  • In contrast, demand for short term rentals in New York City is down 55%. [3]
  • Prior to March 2020, most vacation rental bookings were for one week or less (80%). [3]
  • After the pandemic, stays under 7 days were the minority only 30% of all reservations according to AirDNA. [3]
  • During the lowest point, occupancy of short term rentals with 2 or more bedrooms declined by 46.2%. [0]
  • Hotels suffered a decline of 77.3% for the same period. [0]
  • A study surveying over 8,000 people from 8 countries found that 82% of families surveyed were still planning future trips. [0]
  • In the US, 88% of survey respondents planned to travel in 2021, regardless of coronavirus restrictions. [0]
  • The pandemic disrupted normal seasonality trends, and surprisingly, average rates actually grew slightly in 2020 by 4%. [0]
  • 31% of travelers said spending quality time with family was their main motivation for travel. [0]
  • [3] 42% of travelers planned to travel as a family group. [0]
  • [4] 38% of property managers surveyed said they’d noticed more bookings from family groups. [0]
  • [4] Studies in the US showed that 61% of families were more likely to visit an outdoorsy destination than an urban one. [0]
  • [5] The popularity of countryside cabins increased by 25% and people sought to be near lakes and rivers. [0]
  • 59% of US travelers said they were more likely to drive than fly to their next destination, along with 71% of German, and 68% of Spanish travelers. [0]
  • 57% of property managers said they noticed more bookings from guests intending to work during their stay, and 43% of property managers said guests booked longer stays. [0]
  • 38% had booked flexcations to offer their children a new experience and break the monotony of staying at home. [0]
  • 67% said they would be likely to do it again. [0]
  • Research showed that the percentage of longer stays has doubled since 2019. [0]
  • Among European travelers, average stay length increased by 190%. [0]
  • Although 91% of vacation rental managers highlighted Covid related cleaning measures in their listings, 81% did not reflect these measures in their prices. [0]
  • 52% of property managers have diversified their revenue channels over the past year, and 91% are interested in listing on another OTA. [0]
  • 90% of European property managers said they’d made their cancellation policies more flexible. [0]
  • 52% were even planning to offer free cancellation in 2021. [0]
  • According to a survey, 90% of property managers had noticed an increase in last. [0]
  • Noise monitoring company Noiseaware reported that noise incidents at vacation rentals grew by 270% from April to July 2020 compared with 2019. [0]
  • 85.9% of vacation rental companies and hoteliers surveyed by Operto said that automation was a priority for them in the next couple of years. [0]
  • Statistics from Operto’s white paper found that 82.4% of vacation rental property managers would consider implementing keyless technology in the near future. [0]
  • Operto found that 34% of property managers were planning to invest 11 25% more than currently on tech. [0]
  • According to data from VRM Intel, direct bookings accounted for over 50% of bookings in 2020. [0]
  • User penetration is 17.2% in 2024 and is expected to hit 18.2% by 2026. [4]
  • In the Vacation Rentals segment, 80% of total revenue will be generated through online sales by 2026. [4]
  • Request webinar in percent Created with Highcharts 7.2.2 Change the visualization to a column chart. [4]
  • According to a CBRE hotels report from 2016, the growth of Airbnb units is substantially higher than that of the US hotel industry. [5]
  • Out of these, there are about 20% of the vacation rental properties in the USA and 60% in Europe. [5]
  • Rest of the world constitutes 20% of the vacation rental properties. [5]
  • According to U.S. consensus data, there are 252 million housing units in the U.S. in 2018, out of the 3.5% are being used as second homes. [5]
  • The report also states that about 25% of all second homes in the U.S. are both used as a rental property and are professionally managed as well. [5]
  • A majority (about 70%). [5]
  • They constitute 40% of the leisure travellers globally who make their bookings online. [5]
  • According to Turnkey vacation rentals, millennials are predicted to spend $1.4 trillion on travel each year by 2020. [5]
  • as of June 2016; 1,620 respondents; 79 percent of respondents have rented a vacation home in the past.). [5]
  • Onsite videos are expected to increase website traffic by about 200. [5]
  • Cities which earlier constituted only 13% of the destination choices of travellers, now stand at 34%. [5]
  • According to the Travel Leaders Group survey conducted together with the World Travel & Tourism Council , 70% of respondents stated that they plan to take a holiday in 2021. [6]
  • According to Airbnb’s data, the global booking volume dropped by 42% in March 2020. [6]
  • Then, in April, it took another turn for the worse and reached its lowest level when it dropped by 72% compared to 2019. [6]
  • Plus, our data also reveals that in April the number of cancellations increased by 70% compared to the last quarter of 2019. [6]
  • While hosts initially decreased their nightly rates by almost 60% at the beginning of the pandemic, this changed in June. [6]
  • According to our data, the average nightly rate in the US reached its highest at $202.5 in July but continued to be higher for the rest of 2020 compared to 2019. [6]
  • According to our data, vacation rental hosts reported a drop of 80 100% in revenue in the month of April!. [6]
  • Meanwhile, Airbnb’s daily rates went up by 11% over the same period. [6]
  • Here are some of the trends that will likely still dominate the vacation rental industry in 2021. [6]
  • According to research, 81% of travelers reported that they feel more comfortable staying at accommodation, knowing that it follows the enhanced cleaning protocol introduced by Airbnb. [6]
  • “Vacation rental reservations remain at a deficit of 40% and 60% in the US and EU respectively. [6]
  • Vrbo reports that 61% of the US families said that they would like to visit an outdoorsy destination rather than an urban one. [6]
  • According to research by Expedia, destinations like Tulum, Playa del Carmen, and Cancun are some of the most popular destinations for 2021. [6]
  • With consumer mortgages, you often can put down as little as 3%, yet with investment properties, you will likely need at least 20% of the purchase price. [9]
  • Revenue Revenue in North America is expected to grow by 42% over the next 12 months, the same as Latin America, and just ahead of Oceania (33%), Europe (32%) and Asia (24%). [10]
  • New connections and exploring 50% of travellers are hoping for a vacation romance while on vacation in 2024 Vacation rental statistics. [10]
  • 64% of travellers agree that technology will be more important than ever while on vacation. [10]
  • ( Booking.com 49% of property manager companies currently use keyless entry tools, and 18% expect to start in 2024 ( Rentals United & Transparent Technology tool use among property management companies. [10]
  • Direct bookings on the rise Direct bookings for vacation rentals are expected to rise to 31% of the total (versus 69% via OTAs) in 2024 . [10]
  • This represents a rise of 4% up from 2021 when direct bookings were at 27% (versus 73% from OTAs). [10]
  • ( Rentals United & Transparent 60% of property managers say distribution costs are increasing, but at the same time, 59% say that direct bookings are increasing ( Rentals United & Transparent Direct bookings vs OTAs in 2021 and 2024. [10]
  • 57% say they are not worried about postCovid 19 demand recovery, compared to 32% who say they are . [10]
  • The U.S. accounts for 20% of all vacation rental properties, Europe accounts for 60%, and the rest of the world accounts for 20%. [7]
  • 70% of vacation rental companies like Airbnb and VRBO are small, managing 1. [7]
  • 20% of all vacation rental companies are mediumsized and manage about 20 99 units, and the remaining 10% are large companies that manage over 100 units. [7]
  • 43% of hosts who lease their primary residence manage all aspects of the rental. [7]
  • 38% of hosts who lease a secondary residence do the same. [7]
  • 44% of those second homes are professionally managed, and 25 35% of them are rented out. [7]
  • Using this data, the report concludes that 25% of all second homes are both used as a rental property and professionally managed. [7]
  • Also in 2018, 45% of investment buyers and 6% of vacation home buyers bought their properties to generate income through renting.33% of vacation home buyers purchased in a resort area, 24% purchased in a rural area, and 18% in a small town. [7]
  • Millennials are predicted to spend $1.4 trillion on travel each year by 2020. [7]
  • Millennials have expensive tastes—12% plan to stay in a villa/estate in the next year vs. only 6% of Boomers and 9% of Gen Xers. [7]
  • 71% of travelers with children said access to cooking their own meals was a major reason they chose a vacation rental. [7]
  • Millennials make up 40% of leisure travelers who book online. [7]
  • With the oldest members of this age group being 24, Gen Z is redefining modern travelGen Z is most likely to travel with friends (35%). [7]
  • According to HomeAway, those who traveled with a mixed group remembered their trips at least 20% better. [7]
  • The beach is best for most travelers, with 74% of respondents preferring to spend their vacations on the coast 83% simply prefer to be near water—whether it is the ocean or a lake. [7]
  • 51% and 35% prefer mountainous and city vacations, respectively. [7]
  • 30% percent of vacation property owners and 32 percent of investment property showed interest in renting their homes as short term rentals last year. [7]
  • 53% of all travel is being booked online. [7]
  • 67% of travelers think it’s easier to book on a brand website rather than a third. [7]
  • 50% of people aged between 35 and 44 prefer to reserve through. [7]
  • 69% of travelers find brochures at a display stand; 68% find the brochure information online. [7]
  • 95% of visitors had their travel plans influenced by brochure information. [7]
  • 83% plan to visit a business or attraction highlighted in a brochure, map, or guide. [7]
  • 78% of travelers consider altering their travel plans as a result of a brochure. [7]
  • 53% of travelers use brochures to plan their trip before they arrive. [7]
  • 59% of people review websites, online forums, etc. [7]
  • 31% turn to family and friends for recommendations when planning a vacation. [7]
  • 25% of people use a travel agency website. [7]
  • 21% look in a magazine or newspaper. [7]
  • 31.6% of homeowners said they spent four or more hours creating their listing 77.9% of homeowners admit that the only way they welcome guests to their property is with an email. [7]
  • 63% of homeowners reply to travelers within 60 minutes of receiving their inquiry. [7]
  • You can save up to 70% depending on what week in the summer you travel. [7]
  • DRUMROLLLLLLLL$217 per night, according to research done by HomeAway. [11]
  • According to VacayHomeConnect, most travelers expect to spend somewhere between $100 300 a night, so finding the pricing sweet spot in that range is critical. [11]
  • In fact, 52 percent of travelers seek out recommendations from friends on social media when planning their trip. [11]
  • 52 percent of travelers seek out recommendations from friends on social media when planning their trip. [11]
  • Well, 64 percent of renters say the vacation rental kitchen is the top amenity that motivates them to pick one house over another. [11]
  • In fact, 92 percent of travelers say that they trust their reviews of their friends over commercial advertising. [11]
  • But did you know that 42 percent of travelers use their smartphones to research and book their vacations?. [11]
  • In 2012, last minute bookings was at 12 percent. [11]
  • Last year, that number jumped to a whopping 52 percent. [11]
  • If done correctly, filling 18 weeks a year could cover up to 75 percent of your mortgage payments!. [11]

I know you want to use Vacation Rental Software, thus we made this list of best Vacation Rental Software. We also wrote about how to learn Vacation Rental Software and how to install Vacation Rental Software. Recently we wrote how to uninstall Vacation Rental Software for newbie users. Don’t forgot to check latest Vacation Rental statistics of 2024.

Reference


  1. avantio – https://www.avantio.com/blog/vacation-rental-statistics/.
  2. buildupbookings – https://www.buildupbookings.com/vacation-rental-statistics/.
  3. ipropertymanagement – https://ipropertymanagement.com/research/vacation-rental-industry-statistics.
  4. hoteltechreport – https://hoteltechreport.com/news/vacation-rental-industry-stats.
  5. statista – https://www.statista.com/outlook/mmo/travel-tourism/vacation-rentals/united-states.
  6. paradiseterra – https://www.paradiseterra.com/10-surprising-statistics-about-vacation-rental/.
  7. igms – https://www.igms.com/vacation-rental-industry/.
  8. mendbnb – https://mendbnb.com/vacation-rental-industry-statistics/.
  9. stayfi – https://stayfi.com/vrm-insider/2021/06/21/the-ultimate-list-of-vacation-rental-statistics-2020-edition/.
  10. visiolending – https://www.visiolending.com/blog/financing-a-short-term-rental-property.
  11. rentalsunited – https://rentalsunited.com/blog/vacation-rental-statistics/.
  12. bookfull – https://bookfull.com/2018/02/01/vacation-rental-statistics/.

How Useful is Vacation Rental

One of the biggest advantages of vacation rentals is the flexibility and space they provide. Unlike cramped hotel rooms, vacation rentals typically offer multiple bedrooms, living spaces, and full kitchens, allowing guests to spread out and feel more at home during their stay. This can be particularly beneficial for families or groups traveling together, as it gives everyone room to relax and unwind after a long day of sightseeing.

Moreover, vacation rentals often come equipped with amenities that you wouldn’t typically find in a hotel, such as private pools, hot tubs, and outdoor dining areas. This can add an extra element of luxury to your vacation and make it feel truly special. Additionally, many vacation rentals are located in residential neighborhoods, giving you a more authentic experience of life in the area you are visiting.

Another benefit of vacation rentals is the cost-saving potential. In many cases, renting a vacation home can be more cost-effective than booking multiple hotel rooms, especially for larger groups. Additionally, having access to a kitchen can help you save money on dining out, as you can cook your meals at home. This can be a major advantage for budget-conscious travelers looking to make the most of their vacation funds.

Beyond the practical advantages, vacation rentals also offer a more personalized and unique experience. Each property has its own personality and charm, giving you the opportunity to stay somewhere truly special that reflects your own tastes and preferences. Whether it’s a cozy mountain chalet or a modern city apartment, vacation rentals provide a level of customization that can enhance your overall travel experience.

Of course, vacation rentals are not without their drawbacks. One potential downside is the lack of consistent quality control and standards compared to traditional hotels. While many vacation rental platforms offer reviews and ratings from previous guests, there is always a greater degree of uncertainty when booking a property sight unseen. This can lead to unexpected surprises, both positive and negative, during your stay.

Additionally, some travelers may prefer the convenience and amenities of a hotel, such as daily housekeeping, on-site restaurants, and concierge services. Vacation rentals require more DIY and self-sufficiency, which may not be appealing to all travelers, especially those looking for a more leisurely and pampered experience.

Overall, the usefulness of vacation rentals largely depends on your personal preferences and travel style. If you value space, privacy, and flexibility, then a vacation rental may be the perfect choice for your next trip. With a wide range of options available in destinations around the world, you’re sure to find a vacation rental that suits your needs and enhances your travel experience.

In Conclusion

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We tried our best to provide all the Vacation Rental statistics on this page. Please comment below and share your opinion if we missed any Vacation Rental statistics.




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