According to a report by Markets and Research, published in December 2015, the global vacation rental market is expected to reach $169.7 billion by 2019. New technology-oriented start-ups and preference of vacation homes over hotels are expected to act as the fuel for this growth.
Research by the Vacation Rental Managers Association also revealed that about 22% of leisure travelers preferred a vacation rental home over traditional hotels between 2013 and 2015, while 24% stayed in a condominium resort during the same period. This was an increase over the figures of 20% and 22%, respectively, reported in 2010. About 49% of travelers admitted that they are interested in staying in a vacation home in the next two years.
If you are planning a vacation to the Jersey shore, here are some of the advantages of a vacation home in this region can offer.
Benefits of Vacation Home Rentals
1. More Spacious than Hotel Rooms
The average room size in North America is about 400 square feet, which is way less than the space you get when you book a vacation home. So, while hotels would still be a good idea for business meetings, rentals are the best option for family and leisure vacations. Plus, all the members of the group get to stay together, which means you don’t have to book multiple rooms.
2. More Authentic Option
Most hotels are not fun. Yes, they might have interesting settings but they don’t have a lot of character. On the other hand, home accommodation has a different vibe altogether. Every place you book will have some something unique to offer, providing you with a more authentic travel experience.
3. Comfortable and Convenient
Most rental properties in New Jersey can outshine the luxurious hotel stays. According to a spokesperson for Donnelly Real Estate, residential stays can be as extravagant or as simple as you like. You can get all the perks of a 5-star hotel, like sauna, spa, full kitchen, etc. These amenities make your stay more convenient.
4. They are Affordable
Renting a property gives you an opportunity to cut down on your travel costs. For example, amenities like a full kitchen help you save on what you would otherwise spend eating at an expensive restaurant.
Living in a local rental will allow you to experience the real character of the region too. Since most of your neighbors will be local residents, you’ll get a chance to know the local culture better. It will also give you a chance to savor everything that your destination has to offer at your own pace. On the whole, your vacation experience will be all the richer for having chosen a vacation rental.