Vacation Rental Stays on the Rise

TripAdvisor traveler photo

When you’re headed on vacation, there are a lot of choices when it comes to where to stay. One great option for families, groups and travelers who just want a place to call “home” during their trips are vacation rentals. According to TripAdvisor’s third annual vacation rentals survey of more than 1,200 U.S. TripAdvisor travelers, this option is on the rise, with 46 percent of respondents planning a vacation rental stay in 2012. Travelers in the survey revealed that vacation rentals are appealing because of the space, money savings and extra privacy, but other interesting findings include:

-82% of respondents said they’d book a last-minute rental stay if they found a great deal.

-85% said they’d choose a vacation rental over a hotel if it meant saving money.

-27% say it’s easier to spend time with family and friends in a vacation rental.

-Among those planning a rental stay in 2012, the most popular U.S. region is the Southeast (33%).

-31% plan to stay in a rental outside the U.S., with Europe (54%) the top pick.

Still wondering if a vacation rental is for you? Dermot Halpin, president of vacation rentals at TripAdvisor, offers these helpful answers to travelers’ three most common concerns about making a vacation rental booking:

Will the property be as advertised? (39%): “There’s no substitute for fellow travelers’ first-hand experiences, so take advantage of the wealth of information in reviews and photos before you book. And don’t forget to share your thoughts with the community once you’re home.”

Is it okay to send money for a property I’m unfamiliar with? (19%): “Payment requirements may differ according to the property, and a nonrefundable deposit can be part of the deal. Make sure you understand the payment conditions before you book.”

Will the property have the amenities I’m accustomed to? (6%): “Make a checklist of the criteria you value the most – whether it’s Wi-Fi or a gas grill – and if you’re unsure whether any of the amenities will fit the bill, ask the owner or manager.”

Check out the full survey results here and share your vacation rental experiences in the comments section below.

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