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
Ubs chadpearson headshotresized

The Three Dimensions Of Selling Your Business

Chad Pearson - UBS Decision Point Wealth Consulting
Mcwhorter 0005

Preparing an Idea to Share with the World

Heather McWhorter - UNCW Center for Innovation and Entrepreneurship
Drewsmith copiersplus headshot

A Little More Communication, A Lot More Cohesion

Drew Smith - Copiers Plus

Trending News

Murchison Building Downtown Sold For $8.25M

Johanna F. Still - Aug 12, 2022

With Home Sales Down In July, Realtors Struggle To Choose 'sweet Spot' Prices

Cece Nunn - Aug 12, 2022

Local Film Projects Building Sizeable Spend; New TV Series Announced For September

Jenny Callison - Aug 12, 2022

In The Current Issue

Film On Rebound; New Horse Enters Race

New soundstages in Wilmington are set to be constructed toward the end of the year – marking activity that appears hasn’t happened since the...


Stacking The (parking) Deck

The amount and cost of parking in urban settings is a ubiquitous topic, particularly in growing cities like Wilmington, where not everyone a...


Commercial Tenants Navigate Rent Spikes

One of the realities small businesses throughout the area face when trying to find commercial space, which also include increasing rents and...

Book On Business

The 2022 WilmingtonBiz: Book on Business is an annual publication showcasing the Wilmington region as a center of business.

Order Your Copy Today!


Galleries

Videos

Trying to Grow a Business?
2020 Health Care Heroes
2020 WilmingtonBiz 100