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The Florida vacation rental industry is booming, and now is
an ideal time to invest. According to Visit Florida, 29 million Americans
visited Florida in the fourth quarter of 2021. This represents a 57% increase
compared to the fourth quarter of 2020, and a 7% increase since 2019. Travelers
are more confident than ever in our post-COVID environment and are ready to
stretch their legs. It's great news, but you may wonder what else you should
know about Florida vacation rental trends. Let’s take a closer look!
Florida
Vacation Rental Property Statistics
58% Higher
Revenue Per Available Rental (RevPAR) Compared to 2020
According to Key
Data, Florida vacation rentals are generating much more income than they
were two years ago. This is because more people are staying in vacation
rentals, and demand is driving prices up. Of course, it’s only natural to
assume that the waning pandemic has a role to play in this. It’s unclear how
long the revenue boom will last, but as of now, there is no end in sight. The
adjust paid occupancy rate has also risen, meaning that bookings are increasing
while vacancies are decreasing. When more guests book stays and fill the
calendar, your vacation rental becomes a hot commodity. If you’re thinking
about becoming a vacation rental owner, this is excellent news.
23% More
Reservations on the Books from January to August
During this time in 2019, most Florida vacation rentals had
an average of 13 reservations on the books from January to August. Now that
number has increased
to 16. Despite the fact that more and more people are joining the vacation
rental industry, the market continues to grow. With the rise of remote work and
flexible schedules, we expect reservations to keep climbing throughout the
year. Travelers don’t just want to take one vacation per year; they want to
have new experiences as often as they can. Younger generations, in particular,
are more interested in experiences than tangible goods, so we anticipate that
they will book more stays as well.
Overseas
Tourists Increased by 198% from 2020 to 2021
Americans aren’t the only ones interested in traveling to
Florida. In fact, international tourists are increasing at an astronomical
rate. While some of these tourists may be making the trek for Disney,
they’ll also be checking out other areas in the state. So, what does this mean
for rental owners in Florida? Your property should feel welcoming to visitors
who may not be familiar with the area. Consider offering plenty of
informational brochures and leaflets to guide guests through their stay.
Additionally, you may want to think about allowing shorter stays. Guests
visiting from long distances will probably want to see as much of Florida as
they can. Allowing 1-2 night stays is more appealing to travelers who want to
stop by for a short while. Plus, this will help you fill your booking calendar!
The Florida vacation rental industry is growing unlike ever
before. At Kingfisher
Vacations, we can help you take advantage of this unique opportunity. Our
team will provide you with exceptional property management services in Sanibel
and Captiva, FL. We’ll list, market, rent, clean and maintain your property so
that you don’t have to lift a finger. Additionally, we’ll monitor and respond
to your guest reviews and maintain your solid reputation.
Partner with Kingfisher Vacations and Choose
a Property in Sanibel and Captiva Islands, Florida
Our experts at Kingfisher
Vacations are here to assist you in marketing your property in Sanibel and
Captiva Islands. We have over 56 years of experience in the vacation rental
industry and can offer you the absolute best service given our vast knowledge
of the area. Our gorgeous private properties have heated pools, hot tubs,
stunning ocean views, delightfully bright décor, and boat docks. We provide you
with everything you could ever want for your property. Visit our website, email us
at info@gokingfisher.com or give us a call today at 239-472-2100.
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