Homeaway has become the industry leader in rentals of castles, villas, and estates. It’s luxury portfolio has grown from 800 properties to more than 4,500 high-end listings in 40 countries. But those pricey digs only compose less than one percent of Homeaway’s vast inventory of more than one million active rentals. Their nearest competitor is Trip Adviser which lags behind with 630,000 listings.
You may wonder why wealthy people are now renting out their second homes. They’re paying down their morgages during slow recovery. We went through this cycle where there was a tremendous amount of over building in vacation markets around the world and then the economy took a dive. People built big grand houses that were very expensive to maintain. Now you can go online and rent a six bedroom villa on a beach or on an island somewhere, and at a price that’s not wacky considering what you get.
Between 2007 – 2014, the amount of leisure travelers choosing a vacation rental over traditional lodging options doubled, according to Vacation Rental Managers Association, Rentals typically cost 50 to 80 percent less per square ft then the average hotel rooms. One perk of renting that many people don’t realize is all of the included amenities. Rental often have driveways or garages (some hotels charge for parking), a washer and dryer (hotels normally don’t have or if they do, it cost to use them), Wi-Fi (Some hotels charge or have bad reception).
So, in conclusion HomeAway benefits are:
- Over 1 million listings
- World leader in vacation rentals
- Free to book, with no hidden cost
- One of Forbes ‘Most Trustworthy Companies’
Feel free to click the following link and check out some of the great deals HomeAway has to offer, no matter what your budget is.