Multi-Billion Dollar Vacation Rental Industry Gives Michiganders Hope

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Vakast Vacation Rental Inventory Grows from Midwest Homeowners

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"Although there are over a million vacation rentals worldwide on the Vakast.com website, Michigan and other Midwest states had few listings, but now this is quickly changing," Vakast COO Tam Nguyen

Vakast, an online vacation rental site company, announced today that its inventory of properties is growing throughout the Midwest despite the crippled economy. It is no secret that Michigan, a state hit particularly hard by the recession, has experienced a billion-dollar loss in value of its residential and commercial properties over the past five years. In a November 10, 2013 CNN Parts Unknown documentary hosted by Anthony Bourdain, the picture painted of Michigan, mainly Detroit, was bleak. Yet despite CNN’s candid report that included numerous images of abandoned homes and buildings, Michiganders remain resourceful and resilient.

The support for Michigan from celebrities is unsurpassed, as Author and Filmmaker Michael Moore, Chef Mario Batali, former NBA MVP Magic Johnson, Actor Tim Allen and many other well-known Michiganders, have contributed to the revitalization of their state. “The millions of dollars spent on Pure Michigan campaigns are clearly doing the job,” stated Karie Roman, a Traverse City resident. “Renting a vacation home or cottage near the lake is in demand more than ever.”

“Although there are over a million vacation rentals worldwide on the Vakast.com website, Michigan and other Midwest states had few listings, but now this is quickly changing,” stated Vakast COO Tam Nguyen. From a travel industry perspective, the increase of vacation rentals in Michigan is not only about the economy, it’s the fact that the state has a lot to offer vacationers, such as 11,000 inland lakes and 200 miles of sugar sand beaches. In 2011, ABC News reported, “Sleeping Bear Dunes National Lakeshore, tucked away in the northwest corner of Michigan's Lower Peninsula, won the title of "Good Morning America's" Most Beautiful Place in America.”

The vacation rental industry is experiencing incredible growth and it is predicted to exceed $151 billion by 2016. With this type of growth, vacation homes, cabins, cottages and chalets will be in demand which could result in additional income for homeowners.

About Vakast:
Incorporated in April of 2013 and based in Newport Beach, California, Vakast is a privately held company with more than a million vacation rental properties worldwide. The Vakast website is visually appealing, intuitive, and easy to use. For information about Vakast, please visit http://www.vakast.com. Watch Vakast video.

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