Happy new year, beach lovers! We’ve got some good news for Galveston vacation rental owners. Tripping.com has released its 2017 Vacation Rental Trends Report and outlook for the vacation rental market in 2018, and there are five things to love about it here locally:
- Beaches remain the top destination for vacation home renters, and Galveston Island beaches rank as the #8 most popular in the nation. Further, Galveston sat as the #12 top U.S. vacation destination in 2017.
- Overall, more people are searching for vacation homes, and rental bookings are rivaling hotels in major U.S. cities. The short-term rental market is expected to continue gaining market share over hotels, according to the report.
- Online travel agencies have begun displaying vacation home listings in addition to their hotel offerings in response to the growing popularity of short-term rentals, and this practice is expected to become even more common in 2018.
- The mobile and instant-booking environment means the booking window for vacation home rentals will continue to shrink.
- Drive-to beach destinations in the South are expected to gain popularity as cities like Austin grow in population.
We are looking forward to a fun year, a strong Galveston vacation rental market, and to serving you in 2018!
Soar Vacation Rental Services is a full-scale vacation rental management company on the fun, scenic island of Galveston, Texas, ranked as the #12 most popular U.S. vacation destination by Tripping.com. Come aboard and watch your bookings and return on investment SOAR!