Vacation destinations that raise peak season rental rates the most, study says
A Bankrate Vacation Rental Examination shows the top destinations that have the highest price hikes during their peak season The review published Wednesday shows that average vacation rental prices in Augusta Georgia Long Island New York and Saratoga Springs New York typically double during the peak spring and summer tourist seasons Augusta sees the biggest short-term rental rate markup during the spring During peak season the average daily rates jump from to a markup of Comparatively Oxford Mississippi sees the biggest short-term rental rate markup during the fall at Falling in behind Augusta Long Island Yellowstone National Park Lake of the Ozarks Missouri Lake Norman North Carolina and the Norfolk Virginia Beach area I would say the common thread there among the places with the biggest markups for summer is they tend to be water destinations or they re drawing in for a singular event or reason reported Alex Gailey principal evidence reporter for Bankrate Tour stories Growing trip with pets including trips centered around them boosts demand for pet voyage insurance Tourism numbers hit an all-time high in DC last year Here s why this year is less promising Heading to Ocean City Expect lane closures on US bridge this summer Gailey revealed despite the economic slowdown nearly half of Americans commented they plan to voyage this year But she explained travelers will be trying to cut costs wherever realizable Well we completely got inflation semi-under control and now that s being threatened by tariffs Gailey recounted WTOP So consumer sentiment has plummeted over the last sparse months and people are worried about higher prices and a expected recession on the horizon Gailey s tips for planning an affordable vacation Be flexible with locations Utilize price comparison tools Plan ahead and book early If you re making expedition plans and your budget is the top priority consider booking your vacation rental home well in advance to have a wider selection of options and potentially avoid price increases as peak season approaches Gailey reported in a news release Leveraging credit card rewards and splitting a short-term rental with a group are also tried and true solutions to save on progress Bankrate analyzed the largest part in-demand U S vacation markets using information from AirDNA a vacation rental analytics firm to determine where short-term rental rates increase the most of during peak seasons The vacation markets analyzed include beach getaways ski resorts college towns major sports venues and national parks The top markets that experience the biggest markup in average rental rates during the spring and summer months are A chart showing vacation markets that hike their prices during peak seasons the spring or summer Courtesy Bankrate The top markets that experience the biggest markup in average rental rates during the fall and winter months are A chart showing vacation markets that hike their prices during peak seasons the fall or winter Courtesy Bankrate According to the investigation Oxford sees the biggest short-term rental rate markup during the fall and winter months Vail Avon Green Bay Steamboat Springs and Ann Arbor round out the top five U S vacation destinations seeing peak rates during the colder months Source
