Published January 31, 2023
Short-term rentals top of mind? If not, maybe they should be...
With the demand higher than ever and projected to increase, 2023 might be the right time for you to try on a short-term rental. Some Tips?
- Say YES to pets: In a recent survey, VRBO saw a 40% increase in the rental site’s overall demand for pet-friendly homes.
- Make it family-friendly. I’m talking bunk beds, video gaming consoles, bikes - all the things kids love.
- Think on the longer side of short-term. With more people adapting to a flexible work schedule, markets everywhere are seeing an uptick in long-term rental stays.
Check out these U.S. destinations leading the profits pack
- Maui, HI - $375 average daily rate
- Slidell, LA - $339 average daily rate
- Joshua Tree, CA - $327 average daily rate
- Kenai Peninsula, AK - $262 average daily rate
- Crystal River, FL - $221 average daily rate
- Gulfport/Biloxi, MS - $196 average daily rate
- Chattanooga, TN - $180 average daily rate
Source: AirDNA
