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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

July 6-10, 2020

  • Booking pace in East & West coast vacation rental markets in the US has now fallen below pre-pandemic levels that markets saw earlier in 2020. 
  • After recent increases in booking pace last week, the UK & France have seen booking pace sharply decrease heading into the beginning of July.

Global: Daily New Cases


 

Global: % of Reservations that are Cancelled by Stay Date

  • Cancellation rates through the summer have not changed much as booking lead time has decreased significantly for most of the world. 
  • Most countries are seeing above-average cancellation rates through the summer, while the US, Australia, & New Zealand have already returned to more normal cancellation rates.

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

  • Booking pace in the US has now fallen below pre-pandemic levels, while France & the UK still remain high relative to earlier in 2020. 
  • Portugal, Spain, and Japan have seen steady increases in booking pace over the past few weeks, a good indication that slow recovery may be the safest way to build back booking pace moving through the summer.

Global: Booking Pace

  • After recent increases in booking pace last week, the UK & France have seen booking pace sharply decrease heading into the beginning of July. 
  • Most other countries remain slow to rebuild booking pace, and the United States saw an overall decrease in booking pace as new cases continue to increase.

US: Daily New Cases


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

  • Cancellations rates in the US have not lifted much since concern about a “second wave” of the virus hitting the nation has increased. 
  • Guests continue to cancel bookings for the rest of the summer in Hawaii and major cities, but reservations made for later in the year are holding on a bit stronger.

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

  • Booking pace in East & West coast vacation rental markets in the US has now fallen below pre-pandemic levels that markets saw earlier in 2020. 
  • Ski Markets and Interior vacation rental markets are still seeing strong booking pace levels coming in as people continue to make bookings in those markets for July & August.

US: Booking Pace

  • Booking pace across the US has continued to slow down week over week alongside a steady rise in new cases in many states. 
  • Hawaii has announced that incoming travelers will have to arrive with a negative COVID-19 test in order visit, a change from the current policy that requires visitors to quarantine upon arrival for at least 14 days. This policy has yet to have a market-wide impact on Hawaii but we do expect booking pace to increase moving forward as more travelers consider visiting the islands.

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