Vacation Rental Buyer Trends

FRIDAY FACTS

 

VACATION RENTAL BUYER TRENDS

From an article by Heather Bayer in Inman News

 

  • The vacation rental market is in a period of massive growth

  • In addition to HomeAway, VRBO and Airbnb, Expedia and Booking.com are listing vacation homes alongside hotels.

  • A HomeAway survey shows that 8 in 10 buyers were influenced by potential rental income in their decision to buy.

  • 14% of the survey respondents were pre-retirement buyers with an average age of 47.

  • 89% planned to rent in the next 12 months.

  • 86% planned to rent short term.

  • Once having purchased, 52% were somewhat likely or likely to buy another home in the next two years.
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