Paris Is Top Global Market For December 2016, New York City Still Priciest

The following is an excerpt from a piece in the Value Walk that featured AllTheRooms.

 

AllTheRooms.com Launches Global Vacation Rental Index – Paris is Top Global Market for December 2016, New York City Still Priciest

New York, NY (DECEMBER 15, 2016) – Paris is the world’s leading vacation rental market for the month of December, according to a new index of vacation rental volume and price trends launched today by AllTheRooms.com, the world’s largest accommodations search engine.

The AllTheRooms.com Vacation Rental Index tracks accommodations volume and price trends in the top 50 cities around the world. Updated monthly, the index identifies the world hottest vacation rental markets, along with trends in accommodation count and type, median rate, and availability based on live data from leading vacation rental websites, such as Airbnb, Priceline, Expedia, Tripadvisor, VRBO, HomeAway, and hundreds of others worldwide.

“Our mission with AllTheRooms.com is to bring complete transparency to the global accommodations marketplace,” said Joseph DiTomaso, AllTheRooms.com Co-founder and CEO. “As a byproduct of that effort, we are able to offer deep travel industry insights on trends such as average accommodation cost, volume of availability, and demand on a city-by-city basis. Our Vacation Rental Index is the first of many recurring reports that we will publish as a benchmark for the rapidly growing vacation rental marketplace.”

Based on data collected through December 6, 2016, Paris is the world’s top vacation rental market based on a combination of total property count and average rental rate. It is followed closely by London, Rio de Janeiro, New York City, and Rome (see chart below).

Paris

Additional information featured in the full report, includes a detailed breakdown of total property count, property type (whole home, private room, shared room), availability and availability of instant booking for the top 50 vacation rental markets around the globe.  To access the full AllTheRooms.com Vacation Rental Index report for December 2016, please click here.

To read the full article, visit their story, Paris is Top Global Market for December 2016, New York City Still Priciest.

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