Fast doesn’t even begin to describe the recent growth in the vacation rental industry. The pace at which things are changing is breakneck.
Just within the last year, Evolve added over 5,000 owners to our network – and we’re not the only one seeing these incredible changes. According to Phocuswright, the private accommodation market is expected to reach $36.6 billion in 2018.
But with things moving so quickly, it’s hard to keep up.
If you have questions about what kinds of amenities you need in order to make your property more competitive, which listing sites you should use to get the best results, and what kind of revenue is normal for a property like yours, you’re not alone.
We hear these kinds of questions all the time, so we decided to do something about it.
Because there’s no industry standard to compare your results to, it’s difficult to get a sense of how well you’re doing with your vacation rental business.
So we put together a survey to get some answers once and for all.
The 2018 State of the Vacation Rental Industry Survey is for all walks of the vacation rental experience: industry vets who know the ins and outs of vacation rental management, owners who work with trusted property managers, newcomers who are just starting to learn the ropes, and those who are still waiting to make the leap into vacation rental.
With this survey, we hope to get answers that provide a better understanding of what it’s like to be a vacation rental owner during this period of exponential growth:
- How much time do you spend managing your rental?
- What kind of property do you have?
- How do you encourage guests to leave reviews?
- What percentage of your costs are covered by rental income?
If you own a vacation rental or are thinking about purchasing one, we invite you to take our survey and share your experiences. As a bonus, you’ll be entered to win a $2,500 Evolve travel credit upon completion, which you can put toward a vacation at any property in the Evolve network.
Stay tuned! Once we close entry for the survey in March, we’ll be turning the collected data into a complete report that you can use to see how your results and strategies stack up to the industry average.
Evolve is the fastest-growing vacation rental management service in North America, and we’re on a mission to make vacation rental easier for everyone. Interested in learning more about how we provide industry-leading marketing and booking services for a low 10% booking fee? Click here.