A Bankrate study reveals that short-term rental prices can surge by over 100% in popular vacation destinations, impacting travelers greatly. The analysis identified 20 hotspots with the steepest price hikes, highlighting seasonal trends. Augusta, Georgia, topped the list with a staggering 178% price increase during spring due to the Masters Tournament. Other notable locations included Vail, Colorado, and Bozeman, Montana. The data was sourced and analyzed from AirDNA, aiming to guide travelers to book early and remain flexible to avoid inflated costs.
If you're heading to a vacation hotspot this summer, you could be paying a markup of more than 100% for a stay at a short-term rental.
Augusta, Georgia, experienced the highest peak season markup, with the average daily rate for short-term rentals spiking 178% in the spring, due to the Masters Tournament.
The study used rental data compiled by AirDNA, a vacation rental analytics firm, to determine where rental prices hiked the most in 2024.
Alex Gailey, a data analyst at Bankrate, told BI the big swings in rental prices at these popular destinations was 'eye-popping.'
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