RedAwning's releases its recent market report

March 18, 2020
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RedAwning.com, a leading short-term rental hospitality marketing platform for property managers and owners, released an in-depth market report exploring the short-term rental market in popular Lower Atlantic beach towns.

The report identifies the 25 markets that have seen average monthly revenue growth of nearly 40% year over year in 2019. The report covers the eight coastal states from New Jersey to Florida, with top beaches in each state represented.

RedAwning's VP of Market Development, Johnathan Robinson, said:

"Impressive short term rental growth in Southeastern Beach markets is exceeding investor expectations. Vacation homeowners, managers and investors entering this space can refer to our market report to stay on top of consumer trends and insights on competitor incomes and rate strategies in these beach regions."

The market report shows how each of the top 25 beach towns ranks against one another in terms of size, listing growth, average daily rates, and average monthly revenues growth and more, with some regions seeing up to 60% average monthly revenue growth rates and 58% occupancy rates. The report also reveals 15% listings growth YOY in top beach towns with average daily rates in select markets exceeding $400 per night.

Robinson explained:

"RedAwning partners based in one of the top 25 southeastern beach markets are well-positioned to take on this burgeoning market. RedAwning distributes listings on every major online travel channel, including HomeAway, Airbnb, Booking.com and Google, plus additional unique (and exclusive) channels like RedAwning.com, RedAwning Travel Pro  and Vacation Rentals by Choice."

RedAwning has been a leading innovator in the vacation rental industry since 2010. With a mission to redefine the customer journey for guests, hosts and managers, RedAwning drives new approaches for owners, property managers and guests that make the booking experience more consistent, easier, and safer. 

RedAwning's Complete Solution for property owners includes:

  • Comprehensive marketing, inquiry response and reservation processing across the world's largest network of OTAs,  vacation rental and exclusive websites and travel partners including Google
  • Complete payment processing including declined credit card handling and chargeback management
  • 24/7 guest support and check-in instruction automation
  • Instant, one-button contact with guests via a free mobile app for managers
  • Bookable Smart Websites with no setup or maintenance fees
  • A complete suite of additional digital marketing services, including search engine optimization, email, and social media marketing
  • Revenue management, dynamic pricing, and exclusive promotions for more bookings and increased market share

SOURCE RedAwning

March 18, 2020

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