According to a recent survey by TripAdvisor of more than 2,800 travelers, forty-three percent of travelers said they are staying at a vacation rental in the next 12 months because they believe there are good deals to be had in the market. Twenty-four percent are staying or have already stayed at a vacation rental this summer. Sixty percent of travelers would take advantage of a great last minute deal at a vacation rental this summer, and 41 percent would require a 50 percent discount or more to entice them to book. Eighty-seven percent of travelers would choose a vacation rental over a hotel if it were a better deal.
The top reason travelers like vacation rentals is that they offer more space, according to 78 percent of travelers. Seventy-seven percent cited access to a full kitchen, while 57 percent noted the benefit of a vacation rental home's privacy.
Among travelers that have already stayed at a vacation rental this summer, the south is the most popular US vacation rental region, according to 37 percent of respondents, followed by the west at 18 percent and northeast at 14 percent.
Twenty-four percent of travelers have stayed at vacation rentals more than 10 times in their lifetime and 14 percent stay at the same property every year.
Sixty-six percent said that the top activities that vacation rentals allow travelers to do is sleep more people, 64 percent said they enjoy the ability to have homemade family or group meals, and 60 percent identified common areas for hanging out. Twenty-three percent believe the best benefit is more privacy for romance.
"Travelers on the hunt for a hot summer deal should take a closer look at vacation rentals," said Bryan Saltzburg, general manager of new initiatives at TripAdvisor. "Many rentals offer comparable amenities to hotels but with more space, privacy and similar comforts of home."
