This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

TripAdvisor Reveals Results Of Fourth Annual Vacation Rental Survey

NEWTON, Mass., April 10, 2013 /PRNewswire/ --  TripAdvisor®, the world's largest travel site*, today announced the results of its fourth annual vacation rentals survey of more than 1,300 U.S. travelers, predicting increasing demand for rental properties. According to the survey, nearly half (49 percent) of respondents have stayed or are planning to stay in a rental home in 2013, up from 46 percent in 2012 and 40 percent in 2011.

To view the multimedia assets associated with this release, please click: http://www.multivu.com/mnr/57954-tripadvisor-reveals-results-of-fourth-annual-vacation-rental-survey

(Photo: http://photos.prnewswire.com/prnh/20130410/MM90867)

(Logo: http://photos.prnewswire.com/prnh/20080902/TRIPADVISORLOGO)

"The survey results show that rental properties continue to be a very desirable accommodation option among U.S. travelers," said Brooke Ferenscik, director of communications at TripAdvisor. "Whether they are traveling with a large group and want more space and the creature comforts of home or they are planning a romantic retreat with privacy and luxurious amenities in mind, TripAdvisor offers a rich database of more than 300,000 vacation rental listings to help guide them to the best vacation rental for their needs."  

Vacation Rental or a Hotel? Those who took the survey agreed that vacation rentals can be an excellent alternative to a hotel stay. Respondents cited the following factors as those most likely to sway them toward booking a vacation rental over a hotel:
  • Savings (82 percent)
  • Last-minute deals (82 percent)
  • Traveling with a large group (19 percent)
  • More living space (15 percent)
  • Booking a trip for one week or longer (11 percent)

Benefits of a Vacation Rental The survey further revealed that travelers are especially pleased with the unique offerings that vacation rentals often provide. Respondents said they like the following attributes best:
  • Access to a full kitchen and/or laundry room (31 percent)
  • More living space (27 percent)
  • Feels like home (10 percent)
  • More family-friendly (10 percent)
  • Low prices (seven percent)

Get it Together Families and group travelers are most drawn to rental homes, citing the above benefits as their biggest motivators. Of those surveyed:
  • Seventy-five percent indicate they have shared a rental home with family on past trips
  • Sixty-two percent say they choose to stay in a vacation rental property when they are traveling with family or a large group
  • When traveling on a family vacation, 89 percent prefer to stay in a vacation rental

Aspirational Escapes When it comes to dream vacations, respondents revealed a taste for the traditional, citing a beachfront villa (53 percent), mountain cabin (11 percent) and city apartment (10 percent) as the vacation rental types they'd most like to try.  The more unique options of a private castle or private island appeared further down the list.

As for the luxury features often found in vacation rentals, travelers said a private beach would most tempt them to book:
  • Private beach (25 percent)
  • Amazing view (18 percent)
  • Private pool (18 percent)
  • Large outdoor deck/patio (11 percent)
  • Personal chef (seven percent)

Popular Vacation Spots and Times Among survey respondents planning a rental stay this year, the most popular U.S. regions are the Southeast (33 percent), followed by the Southwest (16 percent) and the Northeast (12 percent). For travelers that are opting for a vacation rental stay outside the U.S., 62 percent will be vacationing in Europe, 25 percent in the Caribbean and 15 percent in Mexico.

In 2013, 37 percent of survey respondents say they plan to stay at a rental property for at least a week.  Summer is the most popular vacation season, with 54 percent of travelers planning rental home stays between June and August, followed by 41 percent of respondents planning trips this fall (between September to November).

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG

Markets

Chart of I:DJI
DOW 17,689.86 -56.12 -0.32%
S&P 500 2,103.84 -4.79 -0.23%
NASDAQ 5,128.2810 -0.5040 -0.01%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs