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!
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.
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.
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.
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