Category: Vacation

Sales of U.S. vacation homes rose twice as fast as other homes last year -study

By Jonnelle Marte

(Reuters) -The U.S. housing market bounced back quickly last year after the pandemic gave some workers the flexibility to work from anywhere – and demand for vacation homes was especially hot, according to a report released on Tuesday by the National Association of Realtors.

Sales of existing homes in counties with a higher share of vacation homes rose by 24% on average in 2020, more than double the 11% increase in counties that don’t have a high concentration of vacation homes.

Home prices also appreciated more quickly in vacation home counties, gaining an average 14% last year,

Vacation Rental Market to grow by almost $ 63 Billion During 2020-2024|Technavio

The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. 9flats.com Pte Ltd., Airbnb Inc., Booking Holdings Inc., Expedia Group Inc., Hotelplan Holding AG, MakeMyTrip Pvt. Ltd., NOVASOL AS, Oravel Stays Pvt. Ltd., TripAdvisor Inc., and Wyndham Destinations Inc. are some of the major market participants.

The adoption of effective promotional strategies will offer immense growth opportunities. To leverage the current opportunities, market vendors must strengthen their foothold in the fast-growing segments while maintaining their positions in the slow-growing segments.

Vacation Rental Market 2020-2024: Segmentation

Vacation Rental Market is segmented as below:

  • Management
  • Managed By

Vacation Home Sales Skyrocket as a Result of Pandemic

NAR names top 10 vacation home counties

Washington, D.C., June 15, 2021 (GLOBE NEWSWIRE) —

Key Highlights

  • In 2020, vacation home sales rose 16.4%, outpacing the growth in total existing-home sales of 5.6%.

  • In 2020, the median existing-home sales price typically rose by 14.2% in vacation home counties, compared to 10.1% in non-vacation home counties.

  • In 2020, the top 10 vacation home counties were in the states of Florida, Maryland, Massachusetts, Michigan and North Carolina.

The sale of and demand for vacation homes soared during the COVID-19 pandemic, according to a new study from the National Association of Realtors®. The

Need a vacation? The top 2020 travel destinations are out – National

Determining where to travel, whether you’re looking for warm weather or an under-the-radar destination, can be difficult if you’re not sure where to begin.

Now’s the time to start looking at the top places to travel for 2020, said travel expert Natalie Preddie.

Preddie told hosts on Global’s The Morning Show that booking in advance is important if you want to visit some of the top trending vacation spots.

She found several destinations that have unique experiences to offer and may give you more value for your dollar.

READ MORE:
How to travel like a celebrity without the hefty

Father Dies Trying to Save Daughters Dragged Out to Sea in Vacation Tragedy

A 45-year-old father on vacation with his family was reported to have drowned while attempting to save his two young daughters on Calada beach, just outside the Portuguese capital, Lisbon.



a group of people sitting on top of a sandy beach: Beachgoers seen in May in Cascais, a municipality of Portugal's Lisbon district. A 45-year-old father drowned Thursday while attempting to save his two daughters on Calada beach, just outside Lisbon.


© Horacio Villalobos/Corbis via Getty Images
Beachgoers seen in May in Cascais, a municipality of Portugal’s Lisbon district. A 45-year-old father drowned Thursday while attempting to save his two daughters on Calada beach, just outside Lisbon.

Portugal’s Correio da Manhã identified the father as Trevor Pelling, a U.K. national working as a financial consultant in Dubai.

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The father was dragged out of the water by surfers at