Vacation home industry not impacted by recession
Friday, 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.
David
Vegas’s Billion-Dollar Secrets – What They Don’t Want Tourists to Know
Visit Florida’s New CEO Bryan Griffin Shares His Vision for State Tourism with Graham
Chicago’s Tourism Renaissance: Graham Interviews Kristin Reynolds of Choose Chicago
Graham Talks with Cassandra McCauley of MMGY NextFactor About the Latest Industry Research
Destination International’s Andreas Weissenborn: Research, Advocacy, and Destination Impact
Graham and Don Welsh Discuss the Success of Destinations International’s Annual Conference
Graham and CEO Andre Kiwitz on Ventura Travel’s UK Move and Recruitment for the Role
Brett Laiken and Graham Discuss Florida’s Tourism Momentum and Global Appeal
Graham and Elliot Ferguson on Positioning DC as a Cultural and Inclusive Global Destination
Graham Talks to Fraser Last About His England-to-Ireland Trek for Mental Health Awareness
Kathy Nelson Tells Graham About the Honour of Hosting the World Cup and Kansas City’s Future
Graham McKenzie on Sir Richie Richardson’s Dual Passion for Golf and His Homeland, Antigua
ADS PRO 
Clearing CSS/JS assets' cache... Please wait until this notice disappears...
Updating... Please wait...
Phocuswright reveals the world's largest travel markets in volume in 2025
Cyclone in Sri Lanka had limited effect on tourism in contrary to media reports
Skyscanner reveals major travel trends 2026 at ITB Asia
Higher departure tax and visa cost, e-arrival card: Japan unleashes the fiscal weapon against tourists
In Italy, the Meloni government congratulates itself for its tourism achievements