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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

August 10-14, 2020

  • Most of our regions in the US are either increasing or remaining flat week over week as far as booking activity growth goes, with strong growth over the past few weeks for Interior vacation rental destinations. 
  • Over the past 6 weeks, most countries have seen booking activity flatline at levels just slightly higher than the rock-bottom slowdown that hit earlier in March and April.

Global: Daily New Cases


 

Global: % of Reservations that are Cancelled by Stay Date

  • While there have been no significant changes to cancellation pace around the world over the past week, most markets have seen cancellations come in at a steady pace just slightly above historical averages over the past few months. 
  • Most guests have reset expectations when it comes to cancellation policies, and flexibility remains very important to guests when booking reservations farther in advance.

Global: Indexed Booking Pace (vs. February 3rd)

  • A slowdown in France’s recent booking pace has brought activity back to where things were just before the pandemic hit in February and March. 
  • Booking levels in the UK and US remain high with no signs of slowing down soon, although the seasonal transition from summer to fall in these markets may have an impact on booking pace over the next few weeks.

Global: Booking Pace

  • Booking pace in France decreased sharply this week after peaking back in late June, alongside a smaller slowdown in the UK and an increase for the US. 
  • Over the past 6 weeks, most countries have seen booking activity flatline at levels just slightly higher than the rock-bottom slowdown that hit earlier in March and April.

US: Daily New Cases


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

  • There have been no detected spikes in cancellations for any markets in the US, as cancellation rates have stabilized alongside changes in both guest expectations and property manager operations.

US: Indexed Booking Pace (vs. February 3rd)

  • Major cities in the US reached pre-pandemic booking pace levels this week, after seeing a small decline over the past few weeks since a previous peak back in early June. 
  • Most of the US is still booking stronger than earlier in 2020, with the only exception being Hawaii due to a myriad of restrictions preventing the travel industry from rebounding there.

US: Booking Pace

  • Most of our regions in the US are either increasing or remaining flat week over week as far as booking activity growth goes, with strong growth over the past few weeks for Interior vacation rental destinations. 
  • Hawaii booking activity remains low and Ski Markets have seen a recent slowdown in booking activity.

Additional Resources

 

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