What you need to know about vacation rentals

Vacation and homestay rentals typically offer more space, free WIFI and parking, kitchens to cook in, no resort fees, and the ability to stay longer in a hotel room.

II’m in Catskills, lying by the pool on a hot August day, but unlike A typical journey, I am surrounded by crystals and candles as George, a spiritual healer, rings a Tibetan bowl to restore my vibrating frequencies and rejuvenate me. It’s the last thing I expected during my vacationD vacation, but George, the owner of the vacation rental I booked, offered a free treatment session since I was among his first guests. The overall experience isn’t the only surprise. Located in the popular Hunter Mountain area, the new two-bedroom private cabin sits on 20 acres surrounded by miles of nature, a commanding spot that doesn’t quite translate through online photos. In fact, the background is similar to a Disney movie: a deer sip from a small tank; Hawks circling in the wide blue sky. furry rabbits leap across the sprawling grass and mountains majestically laying down the picturesque landscape; The property has a private (and heated) saltwater pool. Furnished with antiques and the books I adore, our cabin is equipped with a kitchen stocked with complimentary comfort food and beverages, an outdoor grill, and a bathroom with a chic bathtub, claw and organic bath products. It’s the kind of accommodation meant for humble ostentation on social media (I haven’t held back), and while I will always love the comfort and service of a luxury hotel, staying like a local with incredible space and privacy has become a real highlight of my vacation.

Vacation Rentals Rise

Vacation rentals have been around for decades, but it wasn’t until 2010 that major booking platforms like Airbnb and Vrbo made a stride connecting travelers to amazing properties around the world. Using these platforms, travelers can find great accommodations cheaper than expensive hotels, which eventually allowed them to do so give for travel. We can thank millennials for founding this new way to book vacations. They indisputably led the direction of “authentic” experiences, and there was nothing more correct in shaping it than checking out home ownership. Millennials (also known as “the greatest generation of savers”) have also sought out “cool” vacations, homestays usually offer more space, free WIFI and parking, kitchens to cook in, no resort fees, and the ability to stay Longer for less than a hotel room.

Unsurprisingly, the vacation rental market boomed during the mid-2010s, and newer homestay platforms, such as Luxury Retreats (now Hospitality by Luxury Retreats, part of Airbnb Luxe) and onefinestay (offering exclusively luxury vacation homes), debuted on the world to meet the demands of consumers. Even travel aggregators and search sites, such as Expedia and Booking.com, have started adding luxury vacation rentals to their inventory.

It was only a matter of time before hotel chains jumped aboard the rocket ship, and in 2019, Marriott International launched Homes & Villas by Marriott International, capitalizing on the luxury home rental market with more than 2,000 homes organized across the United States, Europe and the offshore region. Caribbean Latin America (all of which participate in the Marriott Bonvoy loyalty program, which means guests can stay in a vacation rental and continue to earn loyalty points). Marriott entered the market because customer demands were evolving. In fact, during a pilot program the previous year, Marriott discovered that the average guest stay was more than three times the typical hotel stay, proving that many travelers wanted larger spaces equipped with multiple bedrooms, kitchens, laundry, and more offerings. , such as special services. swimming pools; Through Marriott, guests can now stay in unique and memorable vacation rentals, whether it’s a cottage in California’s Wine Country or a 17-person castle in Ireland.

While millennials are credited with starting the vacation rental trend, it’s the pandemic that has taken homestay bookings to a whole other level. The reason is clear. Locked up in custody for about a year, the travelers were excited about vacationing (a well-known mental health support hobby), but they also wanted to stay away from social contact, avoid contact with other humans (including hotel staff), and stay safe. Vacation Rentals checked all of these boxes and more. Guests had plenty of space to work remotely, which is an advantage with rentals, which can cost less to book into a hotel if you plan to stay longer. Depending on the rental, guests will also have instant access to a private outdoor space, whether it’s a balcony, backyard, or the like while I’m visiting the Catskills, an entire mountain range. Given the immediate outdoor space available, vacation rentals are more dog-friendly than hotel rooms, as guests don’t have to go through lobbies or use elevators to walk their puppy.

Holiday rentals become An essential part of travel

According to San Francisco-based Grand View Research, global vacation rental market size It was valued at $87 billion in 2019, and is expected To reach $113 billion by 2027, proving homestay They are here to stay and it has indisputably become a solutionture to travel.

Now, after the pandemic, vacation rentals are increasing More attention than ever. To clarify the meaningUnable to Demand Vacation Rentals in Pandemic Asr, Marriott Q3 2019 comparison (pre-pandemic) With the third quarter of 2021 saw an increase of 140% In bookings on its Home & Villas platform. “part of This was due to our growing footprint, but it was Also driven by how well our product has talked with Increased consumer demand during the epidemic For entire private homes that allowed consumers Reconnect with loved ones, or blend in remotely Work/school with vacation through “leisure” travelel,” says Jennifer Hsieh, Vice President, Homes & Villas by Marriott International. “We expect this Trends to continue into 2022 and beyond, with a strong desire to travel and more flexibility about where people can work from.”

Bedroom suite at St. Regis Bahia Beach Casa Estancias

Vacation and homestay rentals typically offer more space, free WIFI and parking, kitchens to cook in, no resort fees, and the ability to stay longer in a hotel room.


What you need to know about vacation rentals Last update: June 18, 2022 by Jimmy im

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