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The
Price Is Right for Labor Day Vacation Home Rentals;
Bookings
Are Up and Prices Are Down
|
VaycayHero
Data Indicates Prices Still Dropping and
Shows Where
Savvy Travelers Can Still Find Great Last-Minute Deals
|
San
Francisco, CA – September 2015 / Newsmaker Alert / VaycayHero,
the simplest and easiest way to rent a family vacation home, issued today
data showing consumer purchasing habits and best deals for Labor Day Weekend
last-minute house rentals.
Based
on analyzing data from 18,000 travelers booking homes on VaycayHero.com,
and comparing information between Fourth of July and Labor Day bookings,
VaycayHero discovered some interesting travel purchase facts and pricing
information.
Labor
Day Weekend is an even more popular time for home vacation rentals than
Fourth of July
Searches
are up for rental properties for Labor Day Weekend vs. July 4th weekend
by 37%. When compared to July 4th weekend, more travelers are looking for
waterfront or oceanfront rentals for Labor Day (a 23% increase over July
4th weekend). Out of the guests who are looking to be on the water, 22%
more guests are searching for Oceanfront rentals compared to Lakefront
rentals.
The
“Price is Right” for vacation home bookings for Labor Day
Rental
prices have dropped significantly from July 4th weekend to Labor Day weekend.
For those that are looking to Labor Day for their summer vacation or for
a last-minute getaway, there are great deals to be had.
While
the change varies by location, all locations see a big price drop. On average,
nightly rates are down - 31% for Labor Day (vs July 4th weekend) and will
see another rate drop of -14 - 28% for the following weekend (Sept 11-13th).
Some locations (like Texas Gulf) will see a drop in average nightly rate
of -44% the weekend after Labor Day. So if travelers can hold out by one
more week they will see a decline in prices.
Labor
Day weekend bringing out last minute bookers
Throughout
the year, the majority of travelers book their vacation (on average) 41
days in advance. However, Labor Day seems to bring out the last minute
bookers. 48% of VaycayHero’s bookings on August 31st were for Labor Day
weekend and the company expects to see an uptick in Labor Day booking over
the next several days.
Traveling
in big groups still popular for end of summer getaway
Despite
summer coming to a close, the median amount of guests for both July 4th
and Labor Day weekends remains the same (6 guests/per rental).
Where
the great deals can be had right now
There
is still a lot of rental inventory available for Labor Day in U.S. top
vacation destinations: West Coast -- South Lake Tahoe, CA, Big Bear, CA,
Palm Springs, CA East Coast -- FL Central Gulf Coast, Myrtle Beach, SC.
For
example, South Lake Tahoe, CA has house rentals from $165/night, Big Bear,
CA from $217/night, Palm Springs, CA from $95/night, FL Central Gulf from
$90/night; Myrtle Beach has condo rentals from $80/night. Prices not including
taxes and fees.
And
with lower airfares for Labor Day Weekend as reported recently by Expedia,
savvy travelers can save on prices both for flights and vacation home rentals
in popular destinations like Orlando, FL and Los Angeles, CA.
“The
data shows that summer is clearly not over for a lot of families who want
to squeeze in one more holiday weekend together before the back-to-school
grind begins or for groups of friends that realize better deals may be
had now versus the peak summer travel season,” said Anirban Bardalaye,
CEO and co-founder of VaycayHero. “For families and friends traveling together,
renting a home is a much more convenient and economical route than booking
multiple hotel rooms, and Labor Day weekend is proving to be a popular
time for travelers looking for rental properties.”
About
VaycayHero
VaycayHero
(VaycayHero.com) is the best
place to rent a vacation home with professionally managed properties and
guaranteed, instant confirmations. Unlike peer-to-peer sites that rely
on individual owners to be truthful, VaycayHero works only with professional
property managers, uses proprietary technology, and provides concierge
services to eliminate the risks consumers face when booking with peer-to-peer
sites. VaycayHero is the only company that can guarantee vacation bookings,
and its technology allows them to work with any property manager and keep
100% accurate calendars updated in real-time. The company now has over
25,000 rental properties across the United States. Founded in 2011, VaycayHero
is headquartered in San Francisco and is venture-backed.
Media
Contact:
Kerry
Metzdorf
Big
Swing Communications
978-463-2575 |