United Kingdom
United States
Asia Pacific
Vacation home industry not impacted by recession
Wednesday, 05 Jun, 2008
0
The vacation home industry has not been negatively impacted by economic fluctuations and that business remains strong, according to a new survey by Zonder.
The company, which says it started the first vacation home rental Wet site to offer real time bookings for private homes, condos, cabins, villas and other products, found in its survey of the industry:
- While 100% of property management companies PMCs said the number of bookings has remained steady, over 40% have seen an increase in bookings
- 100% of PMCs said revenue was comparable or better than last year
- No PMCs reported a decline in inventory and 60% have seen steady inventory growth
- Half of PMCs reported that, more than ever, owners are relying on management companies to increase occupancy rates in order to maximize secondary income
“We’re seeing a sharp increase in people choosing a vacation rental within driving distance rather than paying for airfare and staying in a hotel. Vacation homes have always been a great value, but especially during tough economic times,†said the Salt Lake City, Utah-based Zoner CEO Bob Barnes.
Related News Stories:
David
Kittipong Prapattong’s Plan for Thailand’s Tourism Growth: Taxes, Visas, and Campaigns
James Jin: Didatravel’s Journey from China to Global Reach and the Impact of AI on Travel
Darien Schaefer on Pensacola’s Evolution: From Small Town to Global Destination
Florida Tourism’s Next Frontier: Dana Young on Expanding Beyond the Classics
Patrick Harrison on Tampa Bay Tourism’s Resilience and Marketing Strategy
Bubba O’Keefe on Clarksdale’s Vibrant Music Scene
Commemorating Elvis and Embracing Tupelo’s Culture with Jennie Bradford Curlee
Craig Ray and the Expansion of the Blues Trail
Presenting Mississippi’s Cultural Trails with Katie Coats
Robert Terrell: A Journey Through BB King’s Influence
Rochelle Hicks: Celebrating Mississippi’s Musical Legacy
Exploring Jacksonville with Katie Mitura: The Flip Side of Florida
Dozens fall ill in P&O Cruises ship outbreak
Turkish Airlines flight in emergency landing after pilot dies
Boy falls to death on cruise ship
Unexpected wave rocks cruise ship
Storm Lilian travel chaos as bank holiday flights cancelled