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There is no question that our notions of travel have been upended in these Covid-19 times. One surprising outcome from the spread of the pandemic is that vacation rental usage versus their hotel room usage has grown considerably as travelers seek out more private accommodations with full kitchens and no shared spaces. Who wants to share a pool, elevators, and common breakfast areas with dozens of strangers in Covid times when there are private houses with incredible amenities available at competitive prices?
As an investor in vacation rental properties, you may be very interested to see the list of the top 10 United States locations trending for Airbnb bookings during the summer of 2020:
1. Big Bear Lake, CA
2. Miramar Beach, FL
3. Panama City Beach, FL
4. Smoky Mountains, TN
5. Hilton Head Island, SC
6. Destin, FL
7. Myrtle Beach, SC
8. Branson, MO
9. Palm Springs Desert, CA
10. Port Aransas, TX
What about these destinations make them ideal for Covid-times travel? Clearly the access to outdoor recreation is a huge draw for vacationers eager to have fun in places that you can easily socially distance. Beach and golf resort areas have seen huge jumps in occupancy rates post quarantine, likely at the expense of urban destinations (NYC, Denver, San Francisco and Washington, D.C.) or theme park destinations (Orlando, Anaheim). Keep these Covid-friendly destinations in mind as you scout new vacation rental investment opportunities, as these locations are likely to be on a multi-year uptrend in occupancy.