- Airbnb CEO Brian Chesky says we are entering “the golden age of travel”.
- A report by vacation home manager AvantStay has named the best places to invest in vacation rentals.
- Places with easily accessible national parks and small southern towns dominate the list.
Americans are seeking escape in record numbers.
In 2021, monthly short-term rental bookings not only recovered but also surpassed pre-pandemic levels, according to a 2022 outlook report of the rental market research firm AirDNA.
In November alone, Airbnb reported its most profitable quarter ever, generating $2.2 billion in revenue. CEO Brian Chesky told investors, “We are about to enter a new golden age of travel.”
For those looking to capitalize and stay ahead of the crowds, AvantStay, a vacation rental management company,identified the best destinations invest for the coming year.
To calculate its ranking, AvantStay used proprietary data and investment metrics, including year-over-year growth in a home’s appreciation value to find the hottest markets and price. median of the market to highlight those that are still affordable enough to buy there. The list also considered a typical cap rate for homes in each region. Real estate investors use cap rates to calculate a property’s potential income by dividing net operating expenses by the market value of the home.
The top cities exemplify two emerging vacation trends: nature getaways and small southern towns.
Remote California destinations that are still within driving distance of Los Angeles and San Diego are at the top of the list. Throughout the pandemic, vacationers and remote workers have prioritized COVID-safe outdoor experiences with the ability to relax in nature. National parks and wildlife refuges are major draws for 3 of the top 4 locations, including Joshua Tree and the Smoky Mountains.
Meanwhile, perennial Southern tourist favorites like Charleston and Savannah continue to bring strong returns. Both are walkable towns that mix warm weather and old-world charm.
AvantStay’s ranking follows data from AirDNA, which shows a 67% increase in room nights booked in rural markets and small towns compared to before the pandemic.
Here are the seven best destinations according to AvantStay.
Comments are closed.