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Florida Vacation Rental Property Statistics

Added: Jul 05, 2022
Category: Vacation Rental

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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About Kingfisher Vacations

At Kingfisher Vacations, we are dedicated to providing exceptional service to both guests and homeowners that goes far beyond the reservation process. So go ahead, give us a call. We are waiting to make your next vacation extraordinary!

Contact Us

11528 Andy Rosse Lane, Captiva, Florida 33924

2402 Palm Ridge Rd Sanibel, Fl 33957

+ 239 472 2100

info@gokingfisher.com

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