How Many People Use Vacation Rentals?

By Michael Ferguson

In recent years, the trend of using vacation rentals has grown in popularity. With the advent of online rental marketplaces like Airbnb, HomeAway and VRBO, it has become easier than ever to find accommodations for your next trip. But just how many people are actually using vacation rentals?

According to a recent survey by Statista, 37% of US travelers booked a vacation rental in 2020. This is up from 21% in 2019, showing a significant increase in popularity. Additionally, the survey found that 23% of respondents said they would consider booking a vacation rental for their next trip.

So why are vacation rentals becoming so popular? One reason is the flexibility they offer.

Vacation rentals come in a variety of sizes and locations, making it easy to find something that fits your specific needs. They can also be more affordable than traditional hotels, especially for larger groups or longer stays.

Another factor is the rise of technology and online marketplaces. These platforms make it easy to search for and book vacation rentals from anywhere in the world. They also provide reviews and ratings from previous guests, giving renters peace of mind before making a booking.

Despite their growing popularity, there are still some concerns with vacation rentals. One issue is the lack of regulation and safety standards compared to traditional hotels. It’s important for renters to do their research and ensure they are booking with a reputable host or platform.

Overall, it’s clear that vacation rentals are on the rise and will likely continue to grow in popularity as more people discover their benefits. Whether you’re looking for more space, flexibility or affordability on your next trip, a vacation rental could be the perfect solution.

Benefits of Vacation Rentals:

  • Flexibility: Vacation rentals come in various sizes and locations.
  • Affordability: Especially for larger groups or longer stays.
  • Privacy: You can have a whole house or apartment to yourself.
  • Local experience: You can experience the culture of the place you’re visiting more fully by staying in a vacation rental.

Concerns with Vacation Rentals:

  • Lack of regulation and safety standards compared to traditional hotels.
  • Potential for scams or fraudulent listings, especially on lesser-known platforms.
  • No daily housekeeping services, unless specifically requested and paid for.

In conclusion, vacation rentals are becoming more popular as people look for more flexibility, affordability and local experiences on their travels. However, it’s important to do your research and book with reputable hosts or platforms to ensure a safe and enjoyable stay.