With the vacation rental industry growing at such an incredible rate, more vacation home owners and prospective buyers are curious about the rental income they can generate.
DENVER (PRWEB) March 08, 2018
Evolve Vacation Rental Network, the fastest-growing vacation rental management company in North America, has released its 2018 Vacation Rental Performance Reports for 3 of the top markets in the Colorado mountains. The reports provide key insights into the revenue, occupancy, and nightly rates for vacation rental properties located in the Breckenridge Area, Vail Area, and Winter Park Area.
These reports are the latest in a series of reports by Evolve that reveal essential performance data on the most popular vacation rental markets across North America.
"With the vacation rental industry growing at such an incredible rate, more vacation home owners and prospective buyers are curious about the rental income they can generate," said Evolve CEO Brian Egan. "As the vacation rental management service for over 6,500 properties throughout North America, we are in a unique position to create regional reports that make it easy for people to understand the earning potential they have."
Evolve created the Vacation Rental Performance Reports using proprietary booking data and broader industry analysis. These reports are valuable tools for owners who are considering listing their vacation homes as short-term rentals, as well as prospective buyers who are thinking about purchasing a vacation rental property.
Here are some of the key findings from the 2018 Vacation Rental Performance Reports for the Breckenridge Area, Vail Area, and Winter Park Area:
- March is the peak month for occupancy rates in all 3 markets, with vacation rentals in the 50th percentile reaching 80% occupancy in the Breckenridge Area, over 60% in the Vail Area, and above 55% in the Winter Park Area.
- 2-bedroom properties make up the highest percentage of the vacation rental inventory in all 3 markets.
- 3-bedroom properties in the 75th percentile generate $65,422 in yearly revenue in the Vail Area, $48,109 in the Breckenridge Area, and $33,597 in the Winter Park Area.
Evolve is on a mission to make vacation rental easier for everyone. By creating these reports, Evolve is offering vacation home owners and prospective buyers the critical data they need to make informed decisions about their income potential with short-term rentals.
About Evolve Vacation Rental Network
Based in Denver, Colorado, Evolve Vacation Rental Network is a next-generation vacation rental management company that provides homeowners with more rental income and unrivaled flexibility for a fee of 10% per booking − the lowest cost in the industry. The company currently services more than 6,500 vacation rental properties in over 500 markets across North America. For more information, visit EvolveVacationRental.com or call 877-818-1014.