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Pandemic Pulse

Coronavirus is uncharted territory for all of us. The spread of the virus is being felt around the globe, but people are experiencing the impacts in different ways. For those of us in the vacation rental industry, the uncertainty we are faced with daily can be exhausting -- not to mention the real and immediate impact cancellations are having on our bottom lines.

We’ve compiled data from over 240,000 connected vacation rental properties and millions of properties selling through online travel agencies to share real-time market insights. Be sure to check out our updated charts and insights below for the latest information on how COVID-19 is impacting the global vacation rental industry.

Top Insights

May 18-22, 2020

  • Booking pace continues to rise for most of the United States, with East Coast markets and interior drive-to vacation rental destinations seeing booking pace rise above pre-COVID levels.
  • The UK, Australia, and New Zealand have begun to see small week-over-week increases in booking pace, which is a good indicator that a vacation rental rebound is beginning to take place.

Global: COVID Active Cases


 

Global: % of Reservations that are Cancelled by Stay Date

  • Spain and Portugal have seen the majority of bookings made for now through the end of June be cancelled, driven by continued shelter-in-place restrictions around Europe and the rest of the world. 
  • Travelers with bookings for the rest of 2020 seem to be holding on to their bookings with check-in dates later into the summer and fall seasons.

Global: Cancellations by Cancel Date

  • Spain saw a small increase in cancellations over the past week, which could lead to a larger wave of cancellations coming in as the future of travel remains unknown. 
  • Most of the world has not seen an increase in cancellations being made, a good sign that people are holding onto reservations for the rest of 2020.

Global: Reservations by Book Date

  • The United States, by far, continues to skyrocket in terms of booking pace compared to the rest of the world. 
  • The UK, Australia, and New Zealand have begun to see small week-over-week increases in booking pace, which is a good indicator that a vacation rental rebound is beginning to take place.

US Regions: COVID Total Cases


US Regions: % of Reservations that are Cancelled by Stay Date

  • Major cities in the United States continue to see the highest rate of cancelled reservations into late summer.
  • All other areas of the country have not seen booked reservations cancelled as far into the summer, with many people holding onto their reservations for check-in dates past mid-June.

US Regions: Cancellations by Cancel Date

  • Hawaii saw a week-over-week increase in cancellations, likely due to the fact that the state is now discouraging tourists from coming through the end of June. 
  • Most markets in the United States have not seen another large wave of cancellations come in as travel consumer confidence grows.

US Regions: Reservations by Book Date

  • Booking pace continues to rise for most of the United States, with East Coast markets and interior drive-to vacation rental destinations seeing booking pace rise above pre-COVID levels. 
  • Hawaiian markets remain slow to rebound, with a decrease in booking pace compared to last week as local restrictions regarding travel remain in place.

Additional Resources

 

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