Residential Real Estate
Mar 21, 2022

This Year's Early Booking Trends In Short-Term-Rental Housing

Sponsored Content provided by Insights On - ,


Lately, disruptions in our lives brought about by the pandemic made vacation planning difficult if not impossible. But as circumstances in your world begin to look more normal you should schedule your vacation at least 3 months ahead of time. Industry forecasters see the demand to increase slightly more than 14% over 2021 demand. Booking early is the right idea. 

Research shows that when you have a vacation planned in the future, you get both a practical and a psychological benefit. When the journey is pre- planned your mind has the time to anticipate how fun and relaxing your trip will be. At Carolina Retreats, we see some interesting trends in Short- Term Rentals. 

PEAK SEASON GROWTH 

In 2021 the term “never-ending summer” was popular. The peak season for many popular destinations for short-term rentals started several months earlier than normal and the peak extended much further into the fall than ever before. We expect this trend to continue in 2022. Book early! 

SUPPLY FACTORS 

In 2021 the short-term industry rental had its own supply chain issues. Property owners used their second homes to work remotely. Long-term housing saw increased demand, and property values affected investor interest. We are seeing a continued increase in demand with our managed vacation rental properties pacing around 45% ahead year over year. Surging demand means book early. 

FLEX WORK 

Many workers have gotten used to the reality of working remotely. In 2022 that means many flex workers see they can work anywhere so they go to the beach, or to the mountains and short-term rental properties in those destinations become long-term stays. Property owners will need your booking well in advance because of the demand. Book early. 

UNIQUE EXPERIENCES 

And whether for an annual family trip or a quick getaway, guests are looking for unique experiences. Short- term rental properties come in many unique types providing those unique experiences. 

Carolina Retreats properties are in destinations that offer many unique experiences. If you would like to learn more about Carolina Retreats’ vacation and short-term rental management program email us at [email protected] or call (844) 567-9779. 

 

Other Posts from Insights On

Ico insights

INSIGHTS

SPONSORS' CONTENT
Untitleddesign7

Maximizing Your HOA Living Experience: Tips for an Enjoyable Community Life

Dave Orr - Community Association Management Services
Jimheadshot

The Wilmington Construction Market: Trends, Recognition, and Challenges

Jim Hundley - Thomas Construction Group
Unknown 7112393341

Why Feasibility is Paramount to Success

Holly Segur - Lead Intuitively – Corporate Coaching

In The Current Issue

Area YMCA Continues To Expand

The YMCA of Southeastern North Carolina has about 13,000 members; approximately 11,000 live in the greater New Hanover County area....


Vantaca’s Balancing Act

“We want to swing big, and we have a vision of building a really massive company that is the industry standard for software in our space."...


Half Marathon Takes Whole Race State Title

The top half marathon in each state was crowned based on nearly 20,000 votes from runners across the country....

Book On Business

The 2024 WilmingtonBiz: Book on Business is an annual publication showcasing the Wilmington region as a center of business.

Order Your Copy Today!


Galleries

Videos

2024 Power Breakfast: The Next Season