Gym, Tan, Laundry
Now that they know the pillars of summer-rental existence, property owners are stepping it up and trying to squeeze more letters of the GTL acronym into their vacation homes. Roughly 59% percent of vacation property owners are planning to upgrade their homes this year, according to HomeAway, with 21% adding new electronics and 11% adding new appliances -- which should take care of at least the L.
Even the G isn't completely out of the question, though, as the 62% of vacation homeowners who compare their properties to boutique hotel brands such as the W Hotel and Hotel Indigo (IHG) or slightly upscale establishments such as the Westin (HOT) or Hilton (BX - Get Report) are increasingly adding the amenities to back it up. Hudepohl says in-house gyms and laundry, pool tables, video game consoles and home theater systems are becoming increasingly common.
"Vacation rental homes offer a number of amenities that are sure to please travelers, including those who want to live like the cast of Jersey Shore," Hudepohl says. "In addition, rental homes often offer full backyards and front yards, which are great for outdoor activities like football and volleyball."