With the hustle and bustle of daily life, it’s no wonder so many people keep paid time off and sick days piling up just to plan their perfect get-away from the stress of daily living. However, it’s important to plan these vacations wisely or else you may end up more stressed during the trip than when you began it! Researching places to stay may be one of the most important yet challenging parts of your travel journey. If you are planning an extended stay, it may be wiser and more economical to consider a short-term living arrangement rather than paying for a motel or hostel. All too often, travelers tell horror stories of pests they found in their rooms or the horrible room-service in their motel. Even hotels that offer a variety of goods and services can turn out to be huge let-downs. In fact, 71% of travelers with families noted that having the ability to cook their own meals was a deciding factor in choosing a vacation rental, especially if they have children. You can never do too much research when it comes to having a safe, and pleasant place to stay in a strange place. One option that people often fail to consider is vacation homes for rent. Since 50% of people aged 35-44 prefer to make reservations through online travel agencies, they may not be aware of the beach house rentals that exist on the coast of Indian Rocks Beach, FL or the condo rentals that are located near the water’s edge. These homes sport fantastic views with ivory-white beaches and glossy palm trees swaying in the wind.
Although vacation homes for rent are a large intial investment, the payoff is tremendous should you choose to eventually own the home and rent to other potential beach-goers at a later date. Vacation homes for rent income comprises about 24% of the traditional owner’s income. Not only are the homes a good source of alternative income, but the beach a popular choice for most travelers, with 74% of people reporting a preference to spend their vacations along the coast. There will certainly be no shortage of applicants to your beach home. Vacation homes for rent are also more economical should you choose to travel in large groups. Statistics also show that those who travel within a mixed group, especially with friends or family, generally recall their trips with at least 20% more accuracy than those who travel with an unmixed group.
Vacations are something that many people intentionally carve time for out of their busy schedules, and there seems to be no shortage of travel-goers in recent decades. In fact,
Millennials are projected to spend approxmately $1.4 trillion on travel each year by 2020. A large portion of these travel-goers are also becoming increasingly aware of the latest housing options available to them, spiking an increase in rented vacation homes. Technavio’s analysts predict that the global vacation rental market will grow at a CAGR of 7.07% between 2017 and 2021. As the internet listings on vacation homes for rent become more publicly known, the 53% of travelers who book their new adventures online will become more aware of these travel opportunites.