Subscribe Now

travelers today

Home » Travel Tips

Short Term Vacation Rentals Are the Fastest Growing Trend In Travel

Travelers Today       By    Karen Fredrickson

Updated: Jul 15, 2013 10:52 AM EDT

Text Size: A A A

vacation home
Many web sites offer short term vacation rentals.(Photo : FlipKey)

Short-term apartment and vacation homes rentals are the fastest growing trend in travel, according to Frommers. For two people travelling together, apartments can usually be rented for no more than the cost of a hotel, and usually are much bigger and contain at minimum, kitchenette facilities. 

The number of travelers that look for rental apartments or homes instead of hotel rooms has increased to the point that it has become a major industry, with companies making lodging available in cities around the world.

Share This Story

One company, Homeaway.com, has become so large that it has purchased sixteen smaller rental firms. One of the companies it has acquired is VRBO.com, which stands for "vacation rental by owner." That company was a relatively large one on its own, with apartment or home rentals in hundreds of different cities, including many within the U.S.

Other companies with similar services include AirBnB.com, which was recently ruled illegal in New York City, Rentalo.com, Flipkey.com, Wimdu.com, EVRentals.com and others. EVRentals is owned and operated by the Wyndham Hotels Corporation and offers the homes and apartments in areas that compete with their own hotels, demonstrating the importance of that segment of the market.

There are positive and negative aspects to renting a home or apartment. An obvious drawback is that they don't have to meet the same standards of quality and service or undergo the same safety standards and inspections. The best way to avoid this type of problem is to read many reviews of any property being considered before renting it. Another way to potentially avoid the problem is renting through a local real estate broker.

Many overseas rentals require a stay of at least a week. Domestically, AirBnB is known for rentals for any length of time, so there are exceptions to be found.

Another consideration is that in some places, such as the aforementioned New York City, as well as Las Vegas, it isn't legal for the owners of apartments or homes to rent the entire home or apartment for a short period of time. It's only legal if the occupant is also there.

In most of the world, the practice is legal and often promoted by local tourism offices. This also benefits the cities by allowing more tourists to visit during periods when hotels may be full.

There are also similar alternatives, which is the free-of-charge use of a room in someone's apartment or home. The most well known service of this type is Couchsurfing.com. There is also the option of utilizing a home swapping network (think of the film "The Holiday"), where you stay in someone's home or apartment while they stay in yours. Some web sites that offer this service include HomeExchange.com and Homelink.org.

© 2014 Traverlers Today, All rights reserved. Do not reproduce without permission.
Featured Video : Greenwich
Join Our Conversation
Don't Miss..
JEFFREYSDAVIS_ANIM
Travel Tips The Modern Guide To Tipping

Tips on Tipping: How to Tip in Foreign Countries

Basic tips on tipping in foreign countries.

Trending News Yosemite Clibming Fall Incident Prompted The Use Of A Helicopter In A Rescue Mission

Yosemite Clibming Fall Incident Prompted The Use Of A Helicopter In A Rescue Mission

Yosemite climbing fall incident that occurred on Sunday has brought terror and unbearable pain to the unlucky climber.

Travel Tips I Didn't Know That : The London Tube

Secrets of the Underground: Top 10 Tips For Riding The London Tube

Top 10 Tips For Riding The London Tube

Leisure Umami Burger

Umami Burger [PHOTOS]: Craved By Mila Kunis In Burbank. What Is In This Burger That Makes Even Stars Crave For Its Taste?

Umami Burger with Ashton Kutcher, that’s what Mila Kunis had in her agenda on April 12, Saturday night while in one of her pregnancy cravings.

News Mount Everest

Mount Everest Deaths: Avalanche Kills 9 People, While 3 Are Injured And 9 Still Missing. What Happened?

Mount Everest deaths from the avalanche Friday, April 18 reached 9 people already.

Travel Tips Seychelles beach

Beach: Top 5 Summer Essentials for Women

Here's the top 5 beach essentials you need to make your day awesome and problem-free.

News Auburn University

Auburn University Bomb Threat Update: "Threatening Message" Sparks Chaos In A University In Alabama

Auburn University bomb threat in Alabama had school officials cancelling classes on Wednesday.

News bees

Allegiant Air Flight Forced to Turn Back to Las Vegas After Hitting Swarm of Bees

An Allegiant Air flight from Las Vegas to Duluth, Minn., was forced to turn back to Sin City because it hit a swarm of bees, which caused a terrible smell to fill the plane.

Travel Tips An Alitalia plane approaches to land at Fiumicino International Airport in Rome September 25, 2008.

Memorial Day Weekend 2014: The Best Days to Fly During Holiday Weekend

Memorial Day will be here before you know it and that means it's time to start planning your trips for the holiday weekend and Travelocity is helping travelers make plans that could save them money.

News Allegiant Airlines

Allegiant Air Offers Giant Seats at 25 Inches Wide on Select Flights to Hawaii and the Western U.S.

The airline has added extra large seats to some economy rows on Boeing 757 planes that make long-haul flight.

News Boston Marathon

Boston Marathon Qualifying Times: How To Get Into The 2014 Boston Marathon And What Happens Now With Stricter Security

With the Boston Marathon bombing incident last year, stricter security is enforced and most probably stricter enforcement of the Boston Marathon Qualifying Times.

Travel Tips John W. Schulze

Travel Airfare: Top 5 Tips On Searching The Best Airfare For Your Vacation

Travel airfare, despite hundreds of promos available, isn’t all they’re cracked up to be. On the one hand, some routes are still higher than they were in previous years, and some even keep getting higher.

ADVERTISEMENT

Travel Tips

Naomi Coleman, Sri Lanka Tourist with Buddha Tattoo

Sri Lanka Tourist With Buddha Tattoo To Be Deported [PHOTOS]: “Oh, This Is A Big Problem In Sri Lanka, You've Got A Buddha Tattoo”. This Is Why Culture Research Is A Must For Every Traveler

Sri Lanka tourist with Buddha tattoo will be deported from the country after she was arrested Monday at Bandaranaike International Airport. Naomi Coleman, the British tourist who was arrested, was set on enjoying her travel in Sri Lanka. However, the Sri Lanka tourist with Buddha tattoo will be deported any time soon from the country because of the Buddha tattoo on her arm.

Subscribe to our newsletter

Receive the latest travel news, reviews, and more..

Want more Travel?

Most Popular

Florida Sinkhole Swallows Family Yard, Driveway Hours After It Was Completely Filled In [+VIDEO]

Florida Sinkhole Swallows Family Yard, Driveway Hours After It Was Completely Filled In [+VIDEO]

A Florida sinkhole has swallowed a family yard and their driveway just hours after the large ground hole was completely filled in. Authorities now fear that if sinkholes in the area continue to be a big problem, local residents will be requested to evacuate their homes, WebProNews reported Sunday.

Malaysian plane found news not yet final

Phllip Wood Flight 370 Hijacking Conspiracy: Arises Amidst Missing Malaysia Airlines Plane Search. Is The Theory True?

Phillip Wood Flight 370 hijacking conspiracy started spreading on the Internet this week. The US says the Phillip Wood Flight 370 hijacking conspiracy theories are completely ‘baseless’ despite some people believing it to be true.

baby camel

Rare Baby Camel: Little Bactrian Ilias Makes Debut at the Budapest Zoo

A rare baby camel made his big debut at the Budapest Zoo, the oldest zoo in the world.

20 Secrets You Don’t Know About Flying Confessed by Pilots and Flight Attendants

Travel Tips: 20 Secrets You Don’t Know About Flying Confessed by Pilots and Flight Attendants

Travel tips actually confessed by employees of airlines can be hard to come by these days. Below are some of the secrets of pilots, flight attendants, and engineers when it comes to flying.

MEXICO CITY EARTHQUAKE TODAY CAUSES A STIR AMONG VACATIONING MEXICANS, TOURISTS AS THE GROUND GRUMBLED FOR 30 SECONDS AT 7.2 MAGNITUDE [+VIDEO]

Mexico City Earthquake Causes A Stir Among Vacationing Mexicans, Tourists As The Ground Grumbled For Seconds At 7.2 Magnitude

A Mexico City earthquake today caused a stir among vacationing Mexicans and tourists for the Easter holiday. The tremor was felt for 30 seconds and was reportedly at 7.2 magnitude. No major damage or casualties were documented as of late.

MERS Virus

MERS Virus Update: Number Of Deaths Rise in Saudi Arabia, Arm Yourself With These Facts

MERS Virus update leaves the public with the knowledge that the victims of the virus are rising since it killed a man in Saudi Arabia. There has been no official confirmation as to the exact origin of the virus, but reports on the MERS Virus update say that its origins may be linked to camels.

Swim With Adorable Pigs In Big Major Cay Island

Travel Bahamas Pig Beach Swim with Adorable Pigs in Big Major Cay Island

Travel Bahamas Pig Beach and get the best experience swimming with adorable pigs. This thought might be unheard of as a travel experience. Nowadays swimming with stingrays, dolphins, whales and even sharks is getting to be popular, but wild pigs? Well, travel Bahamas Pig Beach and you’ll enjoy swimming with the wild pigs as they roam free.

Youths fight with pillows during a flash mob in a park in central Kiev July 31, 2013. Some 100 people participated in a social media flash mob called "Pillow Fight". REUTERS/Gleb Garanich

Staycation Summer - How to have Holiday Fun for a Very Small Sum

If you're finding the economy's let you down substantially this year, and you can't afford to go on vacation, take heart that you're not the only one. In my 'Staycation' articles, I'll be helping you find cheap and free ways to have fun this summer.

Find Us on Facebook

travelers today

© Copyright 2014 Travelers Today All Rights Reserved.

Subscribe to our newsletter