Last summer, when the pandemic was raging, many Americans made the decision to stay close to home rather than travel. But this summer is shaping up to be very different. Though the pandemic certainly isn’t over, at this point, a nice chunk of the U.S. population has been vaccinated against COVID-19, which means a lot more people are comfortable with the idea of travel.
Still, many trip-takers this summer are opting to rent private vacation homes rather than stay at hotels. That way, they get more space to spread out with their families, and they can avoid close encounters with other guests in lobbies, elevators, and other common areas.
Of course, this puts real estate investors who own vacation homes in a great spot. According to property management platform Guesty, reservation volume for short-term rentals was 140% higher for July 4th weekend this year than in 2020 and 47% higher than that same weekend in 2019.
In fact, the outlook is…