Vacation Rental Properties , Income , & User Numbers
● Worldwide , an estimated $ 57.669 billion ( USD ) was generated in 2019 .
● The projected number of vacation rental users was over 297 million .
● According to the National Association of Realtors ( NAR ), 30 % of vacation rental or secondhome property homeowners also leased them as shortterm rentals in 2018 .
● The NAR reported that 32 % of investment homeowners were likely to lease them as shortterm rentals .
● Of the nine million second homes in the US , approximately 44 % were professionally managed and upwards of 25 % to 35 % were rented out , per Hostfully .
● There are more than 23,000 vacation rental companies across the nation .
● As per VRM Intel , 45 % of investment property buyers purchased their property with the intent to generate some rental income instead of just “ fixing and flipping ” or holding longterm for price appreciation .
● It ’ s projected by Statista that the number of vacation rental users may surpass 57 million by 2023 .
● The average revenue per user ( ARPU ) reached $ 438.49 , according to Statista .
● Vacation rental income comprises about 24 % of the average owner ’ s total overall annual income , per VRMA .
● VRBO estimates that 29 % of vacation properties are owned by more than one person .
● Approximately 63 % of investors and 52 % of vacation property buyers purchased a detached singlefamily home with a median size of 1,500 square feet , according to VRM Intel .
Image by Pexels from Pixabay
Image by Gerd Altmann from Pixabay
Airbnb Statistics
● In the US , there are more than 660,000 host properties .
● Since the formation of Airbnb in 2008 , there have been over 500 million Airbnb stays .
● There are more than seven million listings in over 220 countries and regions .
● There are 150 million users worldwide .
● There were over 100,000 host cities worldwide as of January 2020 .
● Each night , there are over 2 million people staying at Airbnb rentals worldwide .
● On average , six guests check into an Airbnb every single second .
Top 10 Profitable Airbnb Regions
Surprisingly , many of the most profitable Airbnb areas were located outside of a major tourist hub , crowded metropolitan region like in New York City , or in scenic coastal regions , according to an analysis by the investment property exchange company IPX 1031 . This is partly because the host ’ s property maintenance and mortgage costs are generally more reasonable than in pricier metropolitan regions .
In 2019 , the Top 10 cities for highest profit margins for property hosts included :
# 1 Moreno Valley , California : $ 33,720 annual profit # 2 Virginia Beach , Virginia : $ 32,208 annual profit # 3 Pasadena , Texas : $ 29,988 annual profit # 4 Garden Grove , California : $ 29,772 annual profit # 5 Fremont , California : $ 26,700 annual profit # 6 Grand Prairie , Texas : $ 24,432 annual profit # 7 Columbus , Georgia : $ 23,820 annual profit # 8 Oxnard , California : $ 23,256 annual profit # 9 Orlando , Florida : $ 22,020 annual profit # 10 Shreveport , Louisiana : $ 19,992 annual profit
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