Thursday, June 05, 2014

Homeaway Statistics on Vacation Rentals

Homeaway recently produced some research on the vacation rentals business which includes some interesting statistics. How does your experience compare?

  • The average age in which owners purchased their vacation home was 47 years old. Fourteen percent of survey respondents said they purchased their vacation rental as a future retirement home

  •  More than half (54 percent) of vacation rental owners cover at least three quarters of their mortgage by renting their home to travellers

  • On average a HomeAway  owner spends  3.5% of their rental revenue marketing their property. On Homeaway, this translates into a spend of $961 per year in order to generate rental revenue of $27,360

  •  Vacation rental owners spend an average of nine hours per week marketing and managing their vacation rental properties

  • Sixty-five percent of owners spent more than two weeks in their vacation home over the last year

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