The Future of Florida Vacation Rentals

The Future of Florida Vacation Rentals

by | Dec 9, 2021

For many, travel is a much-needed escape from the daily routine. But when the coronavirus pandemic hit, not only were daily routines turned upside down, travel was disrupted immediately. In the vacation rental industry in Florida, no one knew what to expect. As the dust settled, the most profound changes were seen in demand and booking behavior; renters made last-minute reservations and demand soared. The growth was sustained through 2021, but what comes next? Using surveys of hosts and renters, by Downs & St. Germain Research, as well as data on vacation rental performance from Key Data Dashboard, we discuss what the last year and a half has looked like, make cautious predictions about what comes next, and provide recommendations based on our research.

 

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