Short Term Rental

Short Term Rental

Short-term rentals (STRs), including vacation rentals, are an exciting and rapidly growing new asset class. Airbnb and HomeAway, among others, are raising awareness of this increasingly popular, enormous opportunity. In fact, the COVID-19 pandemic has only accelerated the industry's demand. This is because vacation rentals are perceived by many as a safer travel option than hotels, a broader market of people are trying them and liking them.

"For travelers, especially during this tenuous era where the very air and unclean surfaces can lead to hospitalization or worse, the individualized attention one might find renting from an Airbnb-type property rather than a monstrous hotel brand can bring some solace to travelers of every level of a germaphobe." - Travel Writer Michael Alpiner, Forbes

Alpiner further notes, "vacation rentals often give the traveler more space for less money overall," and the "convenience factor is substantial." Statista highlights the tremendous growth of the market with robust 2021 vacation rental statistics:

• Vacation revenue in the US is expected to show an annual growth rate of 10.55%


• The average revenue per user is expected to amount to $299.96 in 2021


• Vacation rental user penetration was 13.3% in 2021, which is expected to hit 18.1% by 2025