Vacation Rental Trends To Watch In 2020
The travel industry is changing and evolving. The way people choose to vacation and who they vacation with is different than it was 10 years ago. We’ve got a few big trends to watch as we head into 2020 that might inspire your next getaway.
The growth of hotels is projected at 1.9% for 2020 while rental demand is doubling in size year over year. This is in part to changing trends in the economy and a shift in expectations when it comes to the hospitality industry. The need to accommodate larger groups and support destination celebrations is the main reason for the rise in popularity and demand for rental homes.
PET-FRIENDLY IS A MUST
This trend may come as no surprise as pets are considered a cherished part of the family. Having pet-friendly accommodations are becoming more and more mainstream these days and a crucial part of the decision-making process for many families looking to get away.
IT’S ALL ABOUT THE EXPERIENCE
The millennial generation is the main driver of this trend, while other generations continue to follow suit. More value is being placed on experiences than anything else. They seek a sacred escape for themselves and their friends to deliver unforgettable memories that last a lifetime. This is more valuable than materialistic things.
MILLENIALS & THEIR SQUAD
As millennials come into their own, they are making waves as they tend to travel in groups rather than alone for a vacation. For example, they are set to spend over 1.4 trillion on travel next year. Girls and guys trips are the norm which calls for larger accommodations. This trend leads to the popularity of renting homes over hotels.
Now that you know the big vacation trends heading into the new year, book or let us manage your beach home by giving us a call today at 1-409-684-3345!
If you’re looking to relocate to the beach, visit our website to view our current listings. If you’re not planning to purchase a beach home, we hope you’ll consider the Bolivar Peninsula for your next vacation. If you’re interested in getting away to our beautiful 27 mile stretch of Bolivar Peninsula, check out our rentals. And don’t forget to follow us on Facebook and Instagram for the latest and greatest news from Swedes Real Estate. We hope to see you soon!