With more and more people looking for unique and personalized vacation experiences, the vacation rental industry is booming. In fact, the vacation rental market is predicted to grow to a staggering $170 billion by 2019. With the rise of home-sharing services like Airbnb and HomeAway, the market for vacation rentals has never been better. If you’re thinking of investing in a vacation rental, here are the top vacation rental markets to consider:
1. Orlando, Florida
Orlando is one of the most popular vacation destinations in the world, attracting millions of visitors each year. With Disney World, Universal Studios, and SeaWorld all located in the area, it’s no surprise that Orlando is a top vacation rental market. Visitors typically stay for an extended period of time, making vacation rentals the perfect choice. Plus, the demand for vacation rentals in the area remains high year-round, making Orlando an excellent choice for investors.
2. Maui, Hawaii
Hawaii is a perennial favorite for vacationers, and Maui is particularly popular due to its beautiful beaches and resorts. Vacation rentals in Maui are in high demand, especially during peak season. With stunning ocean views and a relaxing atmosphere, Maui is an excellent choice for those looking to invest in a vacation rental.
3. Gatlinburg, Tennessee
Gatlinburg is a beautiful mountain town located in the Great Smoky Mountains, and it’s fast becoming a top vacation rental market. From hiking to skiing to exploring the local attractions, Gatlinburg has something for everyone. The demand for vacation rentals in Gatlinburg continues to increase thanks to the area’s stunning natural beauty.
4. San Diego, California
San Diego is one of the most desirable places to live in America, and its popularity as a vacation destination is growing. With its beautiful beaches, world-class shopping and dining, and year-round sunshine, San Diego is an excellent choice for those looking to invest in a vacation rental. Plus, the city’s proximity to other popular Southern California destinations like Los Angeles and Palm Springs make it an attractive option for travelers.
5. Nashville, Tennessee
Nashville is known as “Music City” and attracts millions of visitors each year. With its thriving music scene, unique restaurants, and cultural attractions, Nashville is a top vacation rental market. Visitors typically stay for an extended period of time, making vacation rentals an excellent choice for investors. Plus, the city is always growing and changing, meaning that there is always an opportunity for investment.
6. Myrtle Beach, South Carolina
Myrtle Beach is a popular vacation destination for families, and it’s not hard to see why. With its beautiful beaches, amusement parks, and attractions, Myrtle Beach is the perfect place for families to relax and have fun. The demand for vacation rentals in Myrtle Beach remains high year-round, making it an excellent choice for investors.
7. New York City, New York
New York City is one of the most popular tourist destinations in the world, and the demand for vacation rentals in the city remains high. With countless attractions, world-class restaurants, and incredible architecture, New York City is an excellent destination for those looking to invest in a vacation rental. Plus, with tourists visiting year-round, there is always an opportunity for investment.
8. Sedona, Arizona
Sedona is a small town located in the heart of the Arizona desert, but it’s quickly becoming a top vacation rental market. With its stunning natural beauty, hiking trails, and spiritual attractions, Sedona is an excellent place for those looking to invest in a unique vacation rental experience. Plus, the town’s popularity continues to grow, making it an attractive option for investors.
9. Park City, Utah
Park City is a popular destination for skiing and other winter sports, but it’s also becoming a top vacation rental market year-round. The town’s beautiful mountain scenery and unique attractions draw visitors from around the world. With its growing popularity, Park City is an excellent choice for those looking to invest in a vacation rental.
10. Charleston, South Carolina
Charleston is one of the most beautiful and historic cities in America, attracting millions of visitors each year. With its stunning architecture, world-class cuisine, and rich cultural heritage, Charleston is an excellent choice for investors looking to invest in a vacation rental. Plus, with its popularity as a wedding destination, there is always a demand for vacation rentals in Charleston.
In conclusion, the vacation rental market is booming, and there’s no better time to invest in a vacation rental property. From Orlando to Sedona to Charleston, there are countless top vacation rental markets to choose from. Whether you’re looking for a unique and personalized vacation experience or simply a smart investment opportunity, the vacation rental industry is an excellent choice.
