Vacation rentals are booming in Orlando, but it may take more than a weekend vacation to make them worthwhile.
The number of vacation rentals in Orlando has doubled in the past year, to more than 5,000, according to the latest data from the Orlando-based travel firm RentZoom.
The firm found that the average vacation rental is now around $2,800 per person.
“With that much room to spare, it makes sense to rent a vacation home instead of a car or a house,” RentZooms founder and CEO Rob Zwolinski told Forbes.
He said this trend will only continue as more people seek to save money on a vacation, but he expects more people will rent out vacation homes instead.
“There are a lot of reasons why people rent vacation homes, including the price, the location, the amenities, the security of being outside, and the fact that it’s all online,” Zwopinski said.
“You can get a great deal if you can find someone who can give you great prices and who has a good vacation history.”
This year, RentZoo has reported that the number of vacations booked has doubled.
This means more vacation rentals will be available for people looking to book in 2018.
In 2017, only 3,300 vacation rentals were booked in Orlando.
That’s up from 1,000 in 2016, according the firm.
The average vacation cost for a single person in Orlando is $2.80 per night, and Zwokins said he anticipates that number will continue to rise.
In 2018, people will be able to rent up to 5,400 vacation rentals at a time.
RentZoothendeads.com, which connects vacation rentals with owners, will continue providing information on how to rent vacation properties.
“We have found that many vacation homes are being purchased by individuals looking to sell their vacation properties,” Zwanis said.
Rentzoom says the number is expected to grow by 10 percent each year.
Zwoinski said he thinks vacation rentals are going to be the biggest driver of the rental market in 2018, but said there are plenty of other reasons people rent.
“It’s the easiest way to save, it’s the best way to spend money, and it’s a great way to bond with friends and family,” he said.
It’s a trend he expects will continue as the holiday season comes to a close, and his company is already planning for the long-term future.
“The trend is there, and we have an abundance of vacation properties that people are looking to buy,” Zwioks said.