In light of the global pandemic and many people transitioning into working remotely, travel trends are also changing. Due to travel restrictions and quarantine lockdowns at the coronavirus peak, Florida's tourism was at an all-time low. However, the state was able to bounce back very quickly.
Gaining more flexibility within their professional lives has allowed people to work from anywhere they’d like, even multiple places, over a brief period. This has made Airbnb a prevalent short-term rental option for those looking to change their work location often.
Airbnb 2022 Summer Travel Trends
Airbnb guests have already booked stays in over 72,000 cities and towns this summer. Unique living accommodations like treehouses have also been becoming more popular.
Almost half of the bookings in Q1 of 2022 were long-term stays lasting one week or more, double what they were in Q1 of 2019.
Overall Trends for Airbnb Listings in 2022:
- More than 9 out of 10 active Airbnb guests made plans to travel this summer.
- Most traveled with family, not solo.
- More than nine out of ten surveyed guests had flexible travel dates.
- Staycations were more common than ever in 2022
These home rental trends will likely continue as more companies become fully remote or offer flexible hybrid options. Airbnb has taken advantage of this by rolling out platform updates such as the “I’m flexible” feature.
Top Summer U.S. Domestic Travel Destinations
Many people opt for a change of scenery over the summer. Over 70% report they plan to travel, a 20% increase from 2021. Here are 10 top destinations people traveled to in Summer 2022.
- Walton County, Florida
- Cape San Blas, Florida
- Mexico Beach, Florida
- Fort Myers, Florida
- Stonington, Connecticut
- Cape Coral, Florida
- Forks, Washington
- Big Sur, California
- Four Corners, Florida
- Hampton Bays, New York City
Florida is the most popular destination, with six cities being highlighted as top domestic travel spots. Family travel is widespread in the state, especially near Orlando.
Walton County, Florida
Located on the Emerald Coast, Walton County is a beautiful city that borders the Gulf of Mexico. People love Walton County because there is no shortage of things to do. Popular attractions include Destin Commons and Miramar Beach. You don’t even have to spend much money to have fun once you’re in Walton County, with many low-cost or free experiences.
Cape San Blas, Florida
Cape San Blas is known for its extensive white sand beaches that stretch as far as the eye can see. This wonderful city has many perks like pet-friendly vacation rentals and some of the most delicious seafood in Florida. One reason travelers love Cape San Blas is that its beaches are perfect for shelling, a popular activity in the city.
Mexico Beach, Florida
If experiencing nature is your ideal getaway, Mexico Beach is your destination, especially if you’re a bird lover. From kayaking to shelling to parasailing, you’ll have no trouble finding something exciting to do in Mexico Beach. People love this city because endless events and public activities are happening all year long; traveling here makes it hard to be bored.
Fort Myers, Florida
Fort Myers is known for its thriving nightlife and calming beach scene. Like many other cities in Florida, shelling is a popular activity here. Other popular attractions include jet skiing, escape rooms, and dolphin cruises. People love Fort Myers because no matter how much time you spend here, you’ll never run out of unique experiences.
Cape Coral, Florida
Cape Coral (also referred to as “Waterfront Wonderland”) is 400 miles of canals. Many people will travel down these canals for fun to take in the beautiful scenery, but not all of them are safe to travel along. People love heading to downtown Cape Coral for the tasty food and drinks at places like Nice Guys Pizza and other local attractions they can’t find anywhere else.
Four Corners, Florida
This suburban city has many unique local places for travelers to visit during their vacation, such as Orlando Cat Cafe (for coffee and cat lovers alike) and Rock & Brews. The attraction is most known for is the Walt Disney World Resort, one of the top reasons people visit Four Corners.
Why Travelers Choose Florida Destinations
People choose Florida over most other places for business travel or quality time with loved ones. From stunning beaches to some of the world’s most popular theme parks, there’s no shortage of things to do in this beautiful state.
Vacation rentals are always booked up during the summer in Florida’s top cities, and Airbnb booking is often for property managers in the state.
Reasons To Invest in Florida’s Short-Term Rental Market
The short-term rental market in Florida is a lucrative one to invest in for several reasons. People love to spend their summers in The Sunshine State, and owning property in one of its top cities for travel is a smart move for real estate investors. Here are some reasons you might want to invest in Florida’s short-term rental market.
- The weather is always great. One of the main reasons people love traveling to Florida is the weather. It’s sunny and warm most days of the year, so activities like biking, golfing, fishing, and tennis are always an option.
- You’ll pay less property tax than in other states. The average property tax rate in Florida is 98%, and the U.S national average is 1.08%. Remember that tax rates will fluctuate depending on the city you’re in.
- Beachfront properties are popular. If you decide to invest in a short-term rental on the beachfront, you’ll have no trouble keeping it booked during the summer months. Beachfront homes are among the most sought-after types of vacation rentals.
- You can get your investment back quickly. When purchasing property in Florida, particularly in cities like Miami, or Mexico Beach, you’ll likely have no trouble receiving a return on your investment when renting it out. Renters could easily cover the cost of your mortgage and general upkeep if the home rental is at the right price point.
Are you interested in learning more about Florida's housing market or considering a purchase? In that case, Vaster can help you navigate the process and close on your ideal rental property.
Top New Builds for Homesharing
First off, what is homesharing? Homesharing is an agreement between the owner of a property and a renter that allows said renter to live on the property for a set amount of money.
Airbnb and Vrbo are great examples of homesharing platforms enabling homeowners to list their property in exchange for a certain percentage of each booking.
Homeowners can also self-promote their properties on social media platforms for extra exposure.
Examples of Homesharing Builds in Miami, Florida
Nexo offers fully furnished floor plans with studio, one to three-bedroom residences, and townhomes with three or four bedrooms. There is no minimum number of days for short-term renting, and all leasing options are pretty flexible.
Nexo Residences boasts a life of freedom and luxury with its secure key fob access and innovative home technology.
Located in the heart of beautiful downtown Miami, Natiivo is a luxury homesharing condominium. Whether for short-term rentals or longer stays, residents of Natiivo will be immersed in a high-quality lifestyle in a bustling area with no shortage of things to do.
District 225 offers fully furnished one-bedroom and two-bedroom condos. Whether someone stays short-term or decides to make their stay permanent, they will get a truly authentic Miami living experience. District 225 welcomes Airbnb hosts looking to spoil travelers with luxurious modern living.
NoMad Residences Wynwood
The vibrant, fully-furnished, luxury floor plans at the NoMad Residences are sure to catch the attention of travelers scrolling on Airbnb. An excellent investment opportunity, these residences are located in Wynwood, Miami. This city has a cultural scene like no other, and residents will have endless attractions to experience, including stunning art galleries and fine dining.
Travel trends are at an all-time high and are expected to continue, given the newfound flexibility of many companies switching to remote work. If you’re looking to take advantage of the short-term rental market in Florida, you’ll want to make sure you work with a real estate company in your best interests.
That’s where Vaster comes in; we are the one-stop shop for your mortgage needs, even if your credit isn’t the best. We’re backed by two of Florida's largest real estate firms — Fortune International Realty and The Related Group.
We work with the best, so we can also give our clients the best. Reach out to us; we’d be happy to help you land your next investment property.
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