• Disclosure
  • Privacy Policy
  • DMCA Policy
  • CCPA
  • Medical Disclaimer
Thursday, June 1, 2023
Bell County News Online
  • Home
  • News
  • Business
  • Technology
    • Crytpocurrency
    • Gaming
    • Gadgets
  • Sports
  • Health
  • General
    • Business Services
  • Travel
  • Press Releases
  • Popular
No Result
View All Result
  • Home
  • News
  • Business
  • Technology
    • Crytpocurrency
    • Gaming
    • Gadgets
  • Sports
  • Health
  • General
    • Business Services
  • Travel
  • Press Releases
  • Popular
No Result
View All Result
No Result
View All Result
Home Travel

U.S. Vacation Rental Direct Bookings To See 36% Jump In Daily Rates Before Summer – Digital Journal

by NewsReporter
April 5, 2022
in Travel
us.-vacation-rental-direct-bookings-to-see-36%-jump-in-daily-rates-before-summer-–-digital-journal
Share on FacebookShare on Twitter

Lodgify Vacation Rental Industry Report (Forecast Q2, 2022)

BARCELONA, Spain – April 5, 2022 – (Newswire.com)

U.S. vacation rental owners and property managers can expect a 23% rise in average daily rates (ADR), as well as extended stays and earlier summer bookings, according to Lodgify.

The vacation rental software company today released its second-quarter (Q2) industry forecast.

The report predicts robust growth in the upcoming months, particularly for businesses relying on direct bookings.

This forecast confirms vacationers seek quality travel experiences as an extension of COVID trends. 

The projections are based on over 400,000 bookings, including direct and online travel agency (OTA) bookings, and a comparison with previous reports.   

Short-term rentals can expect to see daily rates rise by 23% in Q2 with the highest expected ADR of $295 in June. 

Meanwhile, direct booking ADR is expected to increase at a significantly steeper rate (+36%) than the ADR of OTA (+21%) until summer, compared to Q2 2021. 

Of the OTAs, Vrbo is expected to see the highest growth in ADR year on year at 32%, compared to Expedia at 30%, Airbnb at 17% and Booking.com at 18%, respectively.

Lodgify data shows travelers are booking longer stays, with the longest stays near the holidays. These findings align with trends that show remote workers having greater flexibility.

The average length of stay (LOS) is expected to increase by 18% from 3.5 to 4.2 days during Q2 compared to the same period last year. The LOS for travelers who book directly is expected to grow by 20% compared to 18% for OTAs. 

Mid-stays (4 to 7 days) are expected to rise from 29% of total bookings in June 2021 to 47% in June 2022. These metrics might be affected by last-minute bookings.

More confident travelers are expected to book further in advance, with a booking window 8% larger in 2022 – on average 7 days earlier.

The booking window for direct is expected to be a month earlier at 92 days, compared to an average of 57 days for OTAs.

One in 3 bookings will be made at least 60 days in advance during the shoulder season, representing 27% of total bookings at the beginning of the year – 4 points more than in 2021. 

Overall, direct bookings are gaining ground on OTAs, as guests continue to seek quality and personal contact with hosts. 

Direct bookings will make up 23% of total bookings in Q2, a 2% increase from 2021. Overall, there is an expected 5% growth for direct bookings for 2022 compared to 2021.

Click on the Lodgify Vacation Rental Report (Forecast Q2) for more details.

About Lodgify

Lodgify is a vacation rental software with an all-in-one solution that empowers owners and property managers to create their own website and accept online bookings and process credit card payments. Using Lodgify, owners enjoy stress-free reservation management and synchronization of channels.

Contact: Alberto Fernández ([email protected])

Press Release Service

by

Newswire.com

Original Source:



U.S. Vacation Rental Direct Bookings to See 36% Jump in Daily Rates Before Summer

svg%3E

Related Posts

the-best-credit-card-for-travel-has-a-welcome-offer-worth-$1,000-–-usa-today

The Best Credit Card For Travel Has A Welcome Offer Worth $1,000 – USA TODAY

by NewsReporter
April 15, 2022
0

— Our editors review and recommend products to help you buy the stuff you need. If you sign up for a credit card after clicking one of our links, we may earn a small fee for referring you. However, our picks and opinions are independent from USA TODAY's newsroom and...

work-your-way-through-vacation:-ways-to-travel-for-free-–-69news-wfmz-tv

Work Your Way Through Vacation: Ways To Travel For Free – 69News WFMZ-TV

by NewsReporter
April 14, 2022
0

WFMZ-TV 69 News provides news, weather, traffic, sports and family programming for the Lehigh Valley, Berks County, Southeastern Pa., Poconos and Western NJ including Allentown, Bethlehem, Easton, Reading, Kutztown, Emmaus, Quakertown, Stroudsburg, Philadelphia, Jim Thorpe, Doylestown, Phillipsburg, Flemington, Wilmington, and Newark. This website is not intended for users located within...

alia-bhatt-ranbir-kapoor-wedding-live-updates,-14-april-2022:-ranbir-alia-marriage-news-live,-alia-ranbir-wedding-venue,-alia-bhatt-and-ranbir-kapoor’s-wedding-photos,-videos,-live-coverage-here-–-the-indian-express

Alia Bhatt Ranbir Kapoor Wedding LIVE Updates, 14 April 2022: Ranbir-Alia Marriage News LIVE, Alia Ranbir Wedding Venue, Alia Bhatt And Ranbir Kapoor’s Wedding Photos, Videos, LIVE Coverage Here – The Indian Express

by NewsReporter
April 14, 2022
0

Alia Bhatt, Ranbir Kapoor wedding live: Alia Bhatt and Ranbir Kapoor will get married today.Alia Bhatt, Ranbir Kapoor wedding live updates: Alia Bhatt and Ranbir Kapoor are all set to tie the knot today. On Wednesday, the couple conducted their pre-wedding ceremonies. Ranbir hosted the mehendi and haldi ceremonies at...

the-best-time-to-book-a-flight-including-tips-and-tricks-–-the-manual

The Best Time To Book A Flight Including Tips And Tricks – The Manual

by NewsReporter
April 13, 2022
0

Most people will, at some point in their lives, need to book a flight. Whether for business or pleasure, booking a flight can be straightforward or a little more complicated depending on certain factors. If a flight is urgent, then the luxury of booking in advance and saving money is...

Bell County News Online

© 2021 Bell County News Online

Navigate Site

  • Disclosure
  • Privacy Policy
  • DMCA Policy
  • CCPA
  • Medical Disclaimer

Follow Us

No Result
View All Result
  • Home
  • DMCA Policy
  • Medical Disclaimer
  • Privacy Policy
  • Disclosure
  • CCPA
  • Terms of Use

© 2021 Bell County News Online

We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept All”, you consent to the use of ALL the cookies. However, you may visit "Cookie Settings" to provide a controlled consent.
Cookie SettingsAccept All
Manage consent

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. These cookies ensure basic functionalities and security features of the website, anonymously.
CookieDurationDescription
cookielawinfo-checkbox-analytics11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
cookielawinfo-checkbox-functional11 monthsThe cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
cookielawinfo-checkbox-necessary11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
cookielawinfo-checkbox-others11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
cookielawinfo-checkbox-performance11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
viewed_cookie_policy11 monthsThe cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.
Functional
Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features.
Performance
Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.
Analytics
Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc.
Advertisement
Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. These cookies track visitors across websites and collect information to provide customized ads.
Others
Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet.
SAVE & ACCEPT