Private Accommodations The Way More People Choose to Go!
Every day more travelers choose private accommodations to meet their needs while away from home — so much so that private accommodations are expected to outperform the hotel sector in 2021! We’re not surprised. Booking a private home away from home allows you all the comforts and privacy you want and need.
40% of travelers prefer short-term rentals
U.S. rental market currently valued at $36.6B
Millennials And Other Important Sectors in The Property Management Industry
Millennials aren’t just a marketing buzzword — they inform important industries across the country, and the short-term rental property management business industry is no exception. iTrip is perfectly positioned to meet the needs of Millennials on the go. They love to travel, take shorter and more frequent trips, and spend more money doing so than any other age group. When you partner with iTrip to start your own short-term rental property management business you will cater to this important and influential consumer base.
iTrip also appeals to families because they love the convenience that private accommodations afford while traveling. Parents, kids, and pets can all stay under one roof, and meal prep becomes easy and more affordable. In fact, 71% of travelers with children say the ability to cook their own meals is a major reason to choose private accommodations. Furthermore, families love to vacation!
But it’s not just families who love to hit the road. Baby Boomers are another demographic that loves to travel, especially in the U.S. Partnering with iTrip Vacations to start your property management business will allow you to cater to them and other sectors we will discuss.
Our Property Management Industry Is Booming
The short-term rental market is growing rapidly, here are some quick facts regarding our expansive industry:
- 9 million second homes owned in the U.S.
- Only 25% of second homes are being professionally leased to the public for short-term rentals
- Only 24% of the investment homes in 2017 were being rented
There are plenty of rental properties in the U.S. that are not being managed properly for secondary income. iTrip is perfectly poised to reach this huge untapped market in a way the competition can’t match. We’ve established ourselves as a leader in the short-term seasonal and urban rental industry. Our franchisees enjoy channeled partnerships with over 80 different listing sites to maximize exposure — and that means:
- iTrip partners rank higher in search results on Vrbo
- Homeowners who convert to iTrip see on average 25% more revenue
- iTrip gets 2x as many inbound inquiries as the top ten Vrbo listing sites
These are just a few of the key differentiators that make iTrip a property management franchise opportunity like no other!
7% Projected growth in 2021
