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.
Join Our Conversation

ADVERTISEMENT

Travel Tips

Prince Edward Island, Canada

Fall Cruises: Better Than Land Tours? It Gives Guests ‘A European Experience Without Leaving North America’

Fall cruises for foliage in the northeast are now becoming more and more popular as each year goes by. The foliage that is part of the tour is unlike any other place in the country. In fact, more guests are even paying good money to cruise the rivers, as well as the oceans, in order to peep leaves instead of having to brave today’s highly crowded roads and hotels on land.

Subscribe to our newsletter

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

Want more Travel?

Most Popular

Debris field spotted on radar at time of the Louisiana loud boom

Louisiana Loud Boom: Mysterious ‘Sonic Boom’ In The Sky Rattles Residents, ‘Debris Field’ Spotted, What Is The ArkLaTex ‘Boom’?

The Louisiana loud boom which was heard and rattled many north eastern Louisiana residents is as of this moment still left unexplained. However, now the National Weather Service has added that whatever the cause of the Louisiana loud boom, it has left a debris field.

Illness Observation

Ebola Airborne CDC: Widespread Outbreak Possible, More Contagious Virus Than Thought

The Executive director of the Association of American Physicians and Surgeons, Dr. Jane Orient, claimed the world is dealing a different kind of Ebola virus, one which is more potent and can be transmitted in air via droplets.

Brazil is currently treating and monitoring its first suspected case of Ebola. A 47 year-old man from Guinea reportedly manifest fever withing the 21 day-incubation period of the virus.

Brazil Confirms First Suspected Ebola Case

Brazil treats its first ever suspected case of Ebola while waiting for the results of a blood test which is due to be released on Saturday.

Ebola Press Conference Boston Logan Airport

Ebola In Boston: Two Ebola Mass. Scares Raises Fears Despite Braintree Patient Declared Not At Risk, What Is The Different Types Of Ebola Risks?

Fears over Ebola in Boston have heightened after two Massachusetts scares flared up over the Columbus Day weekend. Raised concerns over Ebola in Boston have since prompted holiday press conferences and reverse 911 calls to reassure the public.

American Airlines jet landing at DCA

American Airlines Flight Depressurized Due To Cracks In Cabin Walls; Plane Had Emergency Landing

American Airlines had to have an emergency landing after its cabin walls started to break apart as its passengers, absolutely terrified, had no choice but to look on and shout for help. One of the passengers, James Wilson, said that he felt something was wrong when the fuselage started to shake violently and heard some popping noises outside the plane.

Tropical Storm Ana 2014

Tropical Storm Ana 2014: Hurricane Watch May Be Required In Hawaiian Islands Because Of Strong Intensity Tropical Storm

Tropical Storm Ana 2014 - The new tropical storm named Ana is currently getting stronger and stronger with maximum sustained winds at 70 mph or 110 km/h and it is expected to hit the main Hawaiian islands on Wednesday, KHON2 first reported.

Mount Sinabung spews pyroclastic smoke, seen from Tiga Pancur village on February 12, 2014 in Karo District, North Sumatra, Indonesia.

Mount Sinabung Eruption 2014: Hauntingly Beautiful Lava And Ash Prompts Evacuations, Eruption Reaches Fourth Successive Day

A Mount Sinabung eruption 2014 occurred Friday, with the volcano spewing tons of molten lava and ash, captured in hauntingly beautiful photos. The initial Mount Sinabung eruption 2014 for the month, the latest in a recent set of eruptions of the Indonesian volcano took place Wednesday afternoon.

Protests Continue Over Police Shooting Of Michael Brown

Teen Shot St. Louis: Protests Ensue After Second Case Of White Cop Shooting Black Teen, Michael Brown Incident All Over Again?

Teen shot St. Louis – Another case of a white cop shooting a black teen dead has been reported. Following the death of Michael Brown, an 18-year old black kid was shot fatally by a white cop who was reportedly off-duty. Protests have already ensued after the incident of the teen shot St. Louis.

happy labradoodle

Labradoodle Gracie 200 Foot Fall: Dog Survives Terrifying Fall From Oregon Cliff

Labradoodle Gracie 200 foot fall - a miraculous thing happened to Michelle Simmons' pet dog, a Labradoodle named Gracie, Monday morning when it fell down a 200-foot Oregon cliff but managed to survive.

Painted Desert

Petrified Forest National Park Discovery In Arizona Reveals Second Ancient Basket-Maker Village: Report

Petrified Forest National Park's latest discovery of archaeologists suggests that another ancient basket-maker village had lived in the said area of Arizona.

Find Us on Facebook

travelers today

© Copyright 2014 Travelers Today All Rights Reserved.

Subscribe to our newsletter
Real Time Analytics