The global travel and tourism industry has been forever altered by the introduction of the vacation rental marketplace. Digital businesses such as Airbnb, HomeAway, and VRBO have made it possible for travelers to bypass traditional hotels and book accommodations directly with homeowners, circumventing much of the infrastructure traditionally associated with the travel industry.
Among many of the conventional travel industry touch points that have been disrupted by the rise of the vacation rental market have been occupancy taxes, traditional hotel revenues, and global travel trend data that tracks the annual ebb and flow of travelers to destinations around the world.
As part of AllTheRooms.com’s mission to bring complete transparency to the global accommodations marketplace, we have developed a Monthly Vacation Rental Index, which tracks accommodations volume and price trends in the top 25 US cities. Each month, we will publish a new update that will show the hottest vacation markets, along with trends in accommodation count and type, average rate, and availability.
AllTheRooms.com is uniquely situated to provide this data by virtue of its ability to instantly search every single available accommodation from sites like Airbnb, Priceline, Expedia, Tripadvisor, VRBO, HomeAway, and hundreds of others to identify total vacation rental availability worldwide.
Following is the current snapshot of the top 25 US cities by total vacation rental inventory through May 4, 2017:
|Rank||City||State||Median Rate||%||Property Count||%||Whole Home||%||Private Room||%||Shared Room||%||Instant Book||%|
Note: Percentage growth rates are month-over-month rates.
Note: "Instant Book" properties are those which, like hotel rooms, do not require the renter to wait for host approval before finalizing the booking.