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The holiday rental industry is booming.

In the last three years alone, the number of vacation rentals in Florida jumped 40 percent to more than 6,400 units, according to data from the Florida Department of Business and Professional Regulation.

That is a 50 percent increase in just a year.

This growth comes on the heels of a massive surge in demand from the nation’s vacation industry, as well as a rise in the number and cost of vacation packages.

A typical vacation rental is an eight-night, three-night stay at a local hotel or other vacation destination.

It typically starts at about $200 per night, and some prices go as high as $1,000 per night.

The average price for a one-night package ranges from $3,000 to $8,000, depending on the hotel.

The Florida Department has a list of holiday rental sites that are available through its website, FloridaVacationRentals.com.

It lists hotels that have a maximum occupancy rate of 70 percent or more, including the likes of Hilton Head Island, Grand Central Terminal and Universal Orlando.

A two-night vacation rental costs about $3 to $5 per night depending on room size, according the website.

A three-day vacation package costs $12 per night to $20 per night according to the website, as does a three-month vacation package, according a FloridaVetCareerCareer.com list.

The biggest advantage of vacation rental over hotel stays?

Rentals are available year-round, unlike hotels.

A vacation rental may last anywhere from one to seven days, and the price can fluctuate throughout the year.

The vacation rental industry has grown at an exponential rate, says Michael Lutz, executive vice president for tourism, hospitality and community development for the Florida Travel Industry Association.

“We’re in a big bubble right now,” he says.

Lutz points to the growth of the tourism industry as a major reason why Florida has such a strong vacation rental market.

“The fact that we’re able to attract the best talent in the world to Florida for a fraction of the cost, we’re seeing the tourism economy grow at an unprecedented rate,” he said.

“This is a tremendous opportunity for our region.”

Lutz believes that Florida will see an increase in vacation rentals as more of the nation grows accustomed to the holiday season.

“Florida is a great market for vacation rentals because it’s a very seasonal place, with temperatures typically ranging from 80 to 90 degrees,” he explains.

“People are accustomed to warmer temperatures and can be out in the sunshine for long periods of time.”

Lutz says the state’s tourism sector will benefit as a result of increased demand for vacation packages and vacation rentals.

“There are more people who have a holiday season,” he notes.

“As the seasons change, people are looking for longer-term vacations and are looking to save some money to do that.”

But he believes that the holiday rental market will be one of the most competitive in the nation when it comes to getting a vacation package.

“I don’t think there’s a way that we can say that the holidays will be more affordable, but I do think there will be a lot of demand for longer vacations,” he adds.

The growth of vacation resorts and hotels has created a demand for holiday packages.

In 2018, Florida had 6,300 vacation rentals that were booked for the month of March, according data from hotel data site Hotels.com, up from 6,100 in 2016.

The increase is primarily due to the economic downturn, as the recession has hit the tourism sector hard.

“If we look at the industry, it’s really just driven by demand from a lot more people wanting to stay longer and enjoy the holidays,” says Chris Rieger, executive director of the Florida Association of Vacation Rentals.

“For the past several years, we’ve seen an influx of vacationers looking to take advantage of the economic situation and get back to the hotel for a longer period of time.”

Riegers believes the increased demand from vacationers will continue to push up the price of vacation stays.

“It’s going to be the most expensive holiday season that we’ve had in decades,” he predicts.

“That’s just going to continue to be true.

It will only get more expensive.”

Rentals can be purchased in hotels, apartments or motels.

“A lot of hotels are going to offer vacation rentals for a limited time, so they’re going to want to make sure that you’re ready for the vacation, so you don’t get hurt or have to move, and so that you can get a good holiday experience,” Lutz says.

“But there are hotels that are going out of business or are closing.

So if you want to be safe and have a place to stay, then you’re going, ‘Oh, I’m going to rent a room, a hotel room