Why your next trip might be more expensive than the last

In July, short-term rental occupancy rates reached 84% in busiest destinations including Myrtle Beach and Cape Cod, Massachusetts. The a...


In July, short-term rental occupancy rates reached 84% in busiest destinations including Myrtle Beach and Cape Cod, Massachusetts. The average rental rate – which ranges from shared rooms to mansions – was $ 294 in July, up from July 21, 2019.

Beach and resort destinations like these are “the types of destinations that short-term rentals are ideal for accommodating,” said Jamie Lane, head of research for AirDNA, noting that city rentals remain on the decline. 30 to 35% compared to the pre-pandemic demand. Some, like Boston and Los Angeles, are 50 percent.

“It appears that the ramp-up of the Delta variant will delay recovery in urban areas, but we don’t expect much of an impact in the rest of the country,” Lane said, noting that vacation rentals converted many new travelers during the pandemic. who were looking for more space and more amenities for longer stays.

Vacation bookings are already driving up rates for hosts who use Guest, a short-term rental property management platform. Bookings are up almost 250% from last November and December and 54% from those months of 2019. As of Thanksgiving, average nightly rates are 68% higher compared to the pre-pandemic year, at $ 436.

The numbers, said Vered Raviv Schwarz, president and chief operating officer of Guesty, show “consumers are willing to travel amid the threat of variant exposure and pay more in the process,” driven by the pent-up demand for travel.

Over the summer, whether you want to rent a car or take an Uber, transportation costs have skyrocketed.

Rental car prices jumped 73% between July 2020 and 2021, according to the consumer price index, as agencies that lost their stock at the start of the pandemic were struggling to replenish it when travelers returned.

Now, with the end of the summer vacation, prices are coming back to earth. I recently rented a car for a weekend in Los Angeles in September for $ 133, in line with pre-pandemic prices.

Source Link

COMMENTS

Name

Africa,883,Americas,4253,Art & Culture,15548,Arts,6678,Arts & Design,1803,Asia,3472,Automobile,497,Baseball,718,Basketball,578,Books,4086,Business,5547,Celebrity,2633,Cricket,648,Crime,158,Cryptocurrency,1846,Dance,620,Defense,836,Diplomatic Relations,2496,Economy,1258,Editorial,260,Education,1373,Elections,308,Energy & Environment,3107,Entertainment,23237,Environment,3801,Europe,4408,Faith & Religion,235,Family & Life,817,Fashion & Style,3483,Finance,20873,Food & Drink,3956,Football,1166,Games,97,Gossip,10289,Health & Fitness,4304,Health Care,950,Hockey,237,Home & Garden,920,Humour,994,Latin America,49,Lifestyle,17866,Media,527,Middle East,1636,Movies,1904,Music,2830,Opinion,3572,Other,12561,Other Sports,5271,Political News,11324,Political Protests,2324,Politics,18243,Real Estate,2086,Relationship,106,Retail,3116,Science,2820,Science & Tech,10634,Soccer,301,Space & Cosmos,381,Sports,12821,Technology,3632,Tennis,657,Theater,1831,Transportation,313,Travel,2709,TV,3862,US,1050,US Sports,1481,Video News,3531,War & Conflict,1069,Weird News,998,World,17401,
ltr
item
Newsrust - US Top News: Why your next trip might be more expensive than the last
Why your next trip might be more expensive than the last
https://static01.nyt.com/images/2021/08/23/travel/TR-TRAVELPRICES/TR-TRAVELPRICES-facebookJumbo.jpg
Newsrust - US Top News
https://www.newsrust.com/2021/08/why-your-next-trip-might-be-more.html
https://www.newsrust.com/
https://www.newsrust.com/
https://www.newsrust.com/2021/08/why-your-next-trip-might-be-more.html
true
732247599994189300
UTF-8
Loaded All Posts Not found any posts VIEW ALL Readmore Reply Cancel reply Delete By Home PAGES POSTS View All RECOMMENDED FOR YOU LABEL ARCHIVE SEARCH ALL POSTS Not found any post match with your request Back Home Sunday Monday Tuesday Wednesday Thursday Friday Saturday Sun Mon Tue Wed Thu Fri Sat January February March April May June July August September October November December Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec just now 1 minute ago $$1$$ minutes ago 1 hour ago $$1$$ hours ago Yesterday $$1$$ days ago $$1$$ weeks ago more than 5 weeks ago Followers Follow THIS PREMIUM CONTENT IS LOCKED STEP 1: Share to a social network STEP 2: Click the link on your social network Copy All Code Select All Code All codes were copied to your clipboard Can not copy the codes / texts, please press [CTRL]+[C] (or CMD+C with Mac) to copy Table of Content