Merry Christmas and happy holidays! In honor of the holiday season, we pulled some data on short-term rentals and Christmas bookings. Alongside these festive insights, it's worth considering the rise of midterm rental properties, which cater to guests looking for longer stays that span entire seasons—perfect for those who want to enjoy a locale beyond the traditional holiday period. This emerging trend bridges the gap between short stays and permanent tenancies, providing a new avenue for property investors to explore. Here are ten fun statistics:
General Christmas Vacation Rental Statistics
- Vacation rental rates are 56% higher over Christmas and New Year’s. (Source: Evolve Vacation Rental Network)
- Waterfront destinations are the most popular winter-time choice with over 45% of vacationers looking for a beach house and 34% seeking lake lodgings. (Source: Vacasa)
- Colorado ski destination vacation rental rates are up 250% over Christmas time, and Florida vacation rental rates are up 45% over Christmas time. (Source: Evolve Vacation Rental Network)
- The top reason to travel over Christmas time for 52% of travelers is to spend quality time with loved ones, and the second top reason for 38% of travelers is for rest and relaxation. (Source: Business Wire)
- Approximately 56% of Christmas and New Year’s rental bookings are made more than two months in advance. (Source: Evolve Vacation Rental Network)
COVID Christmas Vacation Rental Statistics
- More than 75% of travelers plan to get to their Christmas destination via car this year. (Source: Vacasa)
- There will be 31 million fewer travelers this holiday season. (Source: CNN Travel)
- Only 14% of travelers plan to keep their Christmas vacation plans if there is a large COVID Spike. (Source: Vacasa)
- 40% of Americans changed their Christmas travel plans due to COVID. (Source: Vacasa)
- Christmas flights have dropped 25% to an average round trip cost of $274. (Source: CNN Travel)
For more vacation rental insights and tips, visit our Investor Resources Page. Need financing for your next vacation rental? Contact us for a quote.