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Beyond COVID: The Current State of the C&I Vacation Rental Market

FOR IMMEDIATE RELEASE
Contact: Elizabeth Weedon
Phone: (888) 281-8660
E-mail: elizabeth@weneedavacation.com

February 23, 2022 - Is it too early to put COVID in the rear mirror? For the short-term rental (STR) market on the Cape and Islands, no.

For the third year in a row, short-term vacation rentals on the Cape and Islands have broken records on our WeNeedaVacation site – by a lot. Recent vacation bookings, inquiries, traffic, and new site users have exceeded those of any in our nearly 25-year history.

Vacationer Traffic

The number of vacationers using our site continues to grow significantly – up as much as 40% for the last 3 months of 2021 vs the same time in 2020.

Summer Bookings

Summer bookings alone are 20% above last year’s early bookings (and 127% above 2020), while spring bookings are up 24%, and bookings for the fall so far are up 48%.

Early Summer Bookings for 2022
Early Summer Bookings for 2022

Why have short-term rentals enjoyed such success since the start of the pandemic? And why particularly on Cape Cod and the Islands?

What are some of the impacts the pandemic has had on vacation rental inventory, prices, and booking practices? And are the changes here to stay?

Read more for the answer to these questions as well as advice for vacationers about how to still find a terrific vacation rental for this season. Inventory is low, but there are still many homes available on our site – and more are coming online every day. (See our directory of recently activated listings.)

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About WeNeedaVacation: Since 1997, WeNeedaVacation has been providing an efficient and inexpensive way of matching vacationers and vacation rental homeowners. The website lists nearly 4,000 properties on Cape Cod, Martha's Vineyard, and Nantucket. The WeNeedaVacation Vacation Planner also offers extensive information to the 175,000+ vacationers who use our site yearly, including information about beaches, events, dining, activities, and shopping. Our amazing staff provides unparalleled guidance to our Cape & Islands vacation rental homeowners. Many of our staff are vacation rental owners themselves, and all work hard to promote this special place. We proudly belong to 17 local Chambers of Commerce.

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For more information:

Email: info@weneedavacation.com

Phone: (888) 281-8660