Labor Day to continue U.S. travel streak after strong July 4th weekend
WE: Short-term rental management platform Guesty presented his latest travel data, the 4th of July weekend surpassing pre-Covid numbers and the upcoming Labor Day weekend [6 September] seems poised to continue the strong streak of advance bookings.
Short-term rental bookings in the United States for the July 4 weekend have been strong, according to Guesty, illustrating that travel in 2021 continues to be a top priority for consumers.
- The volume of reservations in the United States for the weekend of July 4 increased by 44% compared to 2020 and by 32% compared to the volume before Covid 2019.
- Stays have come at higher prices. Travelers paid an average of 38% more this July 4 weekend compared to 2020 prices and 24% more compared to 2019.
- The average nightly rate for 2021 was $ 277 per night, compared to $ 200 per night in 2020 and $ 225 per night in 2019.
Meanwhile, the volume of Labor Day weekend bookings is 100% higher than the bookings seen in 2020 and a 35% increase from the pre-Covid 2019 period.
- Prices also upgrade on the 4th of July weekend. The average nightly rate this year for Labor Day weekend is already $ 362 per night, a 23% increase from 2020 rates and a 33% increase from pre-Covid 2019 rates .
- The average travel time for this summer vacation weekend has decreased from half a day to around 3.5 days on average per trip compared to last year’s average four days per trip. This is good news because shorter stays [such as long weekends] report that travelers no longer feel the need to shelter in place for longer periods.
Looking ahead to the rest of the holiday season, Guesty offers the following tips for travelers looking to get away from it all this summer:
Act now: With pent-up travel demand, many book in advance. Last minute deals are a thing of the past, at least in 2021. Book now before stocks run low and prices skyrocket. In fact, the volume of summer bookings in the United States [July through September 2021] is 270% higher than 2020 and 80% higher than 2019, before Covid, the volume of reservations likely to be week after week.
Budget plus: American travelers will pay an average of 30% more per night this summer compared to 2020 and 28% more than pre-pandemic prices of 2019. Book your trip in advance for lower rates and search flexible cancellation policies in case you need to cancel your stay closer to the reservation dates.
Be flexible: Consider private lodgings / rentals rather than traditional hotel stays. Vacation rentals on Airbnb and other booking channels can be more remote in nature, let you avoid the crowds, and have amenities like full kitchens, backyards, comfortable working from home [WFH] configurations and more. This is ideal for families with unvaccinated children who want to avoid crowded common areas like hotel lobbies.