Short-term vacation rentals have been chipping away at hotels for years. In fact, vacation rentals have shifted from about 2.5% of lodging to roughly 25% in the past 6.5 years. Airbnb has had a lot to do with that. The pandemic pushed things even further in that direction. Here are a few reasons forecasters believe the trend isn’t over yet:
- Independent ownership – the hotel industry saw its biggest boom when chains started to take over from little individually-owned hotels across the country. Right now, most vacation rentals are still individually owned. However, the success of this industry is likely to attract investors who will want to take over as vacation rental managers for scores of properties.
- Unique homes are growing in interest – the current generation wants unique experiences. As a result, unique short-term rentals are all the rage, including things like tiny homes, treehouses, yurts, and other properties that are pushing the boundaries even further away from the hotel market.
- The vacation rental industry has already fully recovered – while hotels are still recovering from the pandemic, vacation rental figures reached pre-pandemic levels in the Spring of 2021. 2022 is already outpacing 2019’s numbers.
Get the Supplies Your Short-Term Vacation Rental Needs
A1 American is proud to offer the top vacation rental supplies and products. From sheets to towels to bed bases, let us help you provide comfort and style without spending all your revenue. We also offer essential care products and janitorial supplies to be a true one-stop shop for vacation rental owners and managers. Call 833.205.2200 today to get in touch with an A1 American representative to learn more or to get your order started.