Short Term Rental Trends

Alaska Airbnbs & STRs

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RedAwning offers vacation rental property management for busy vacation rental owners and Airbnb hosts. Starts at 10% of revenue.
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Current Vacation Rental Performance in Alaska

Occupancy and Demand

  • Alaska's vacation rental market shows promising signs, particularly in certain regions. For example, in Ketchikan, there is a notable occupancy rate of 74.1%, indicating consistent demand for vacation rentals.
  • Fairbanks, Alaska, another key market, boasts an occupancy rate of 65%, driven by its unique attractions such as the Northern Lights and its location within the Arctic Circle.

Seasonality

  • The market in Alaska is heavily influenced by seasonality. The peak tourist season is during the summer months (May through September), characterized by long days and high demand, necessitating early bookings. The winter season, while colder, offers attractions like the Northern Lights and snow activities, but often at lower rates.

Financial Performance

  • In areas like Ketchikan, vacation rental properties can generate an average annual revenue of about $23,000, with an average property cost of $460,000, suggesting a healthy return on investment with effective management and marketing.
  • Fairbanks also offers attractive financial metrics, with an average daily rate (ADR) of $225 and an annual revenue of $32,000 per rental property.

Regional Variations

  • Different regions in Alaska present varying investment opportunities. For instance, Wasilla has seen an 11% increase in home values and a median listing price of $290,000, with an average rent of $1,425 and a swift rental turnover rate.
  • Other regions like the Talkeetna area and coastal locations such as Sitka are also popular due to their unique accommodations and local attractions.

Overall, Alaska's vacation rental market is characterized by strong occupancy rates in key regions, significant seasonal variations, and promising financial returns for well-managed properties.

Current Airbnb & VRBO Trends by City

No state available.

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FAQ

What does your pricing structure look like?
Our prices start at 10% of revenue. You can check out our pricing page for more information.
What types of vacation rental properties do you manage?
We manage a wide range of vacation rental properties, including single-family homes, condos, apartments, and luxury villas. Our services are tailored to meet the unique needs of each property type.
How do you handle guest support?
Our team provides 24/7 guest support, handling all inquiries, booking assistance, and any issues that may arise during a guest's stay. This ensures a seamless experience for your guests.
What is included in your damage waiver?
Our damage waiver provides $3,000 in coverage per booking, protecting you from accidental damages without the need for security deposits. This coverage is automatically included with every booking.
How does the payment process work?
We handle all aspects of the payment process, including processing payments, managing declined cards, and providing chargeback protection. Funds are deposited directly into your account, ensuring a smooth and secure transaction.
Can I still use my own booking website?
Absolutely! We offer a direct booking website service that allows you to showcase your property and accept bookings directly, bypassing the fees charged by major booking sites.
How do I get started with RedAwning?
Getting started is easy! Simply contact us for a free consultation, and our team will guide you through the onboarding process to ensure a smooth transition to our platform.
Why is RedAwning better than other property management companies?
RedAwning sets itself apart from other property management companies with a technology-driven, cost-effective approach that offers both full-service and partial management options, catering to vacation rental owners who value flexibility and control. Unlike competitors like Vacasa or AvantStay, which focus solely on full-service management with fees ranging from 25-50% of income, RedAwning provides a choice: comprehensive oversight including marketing, reservations, guest support, and maintenance, or a partial-service model emphasizing marketing and bookings across 50+ platforms like Airbnb, Vrbo, and Booking.com, potentially increasing bookings compared to narrower-channel options like Evolve. RedAwning's fees start at 10%. Having served the industry for 15 years, RedAwning combines experience with lower fees and rapid onboarding—listing properties in an afternoon—appealing to hosts who want efficiency without losing decision-making power, though it may not suit those needing extensive local support like Vacasa provides. Its scale (20,000+ properties across 10,000 destinations) and data-driven pricing give it an edge over Evolve’s simpler approach, making it a versatile choice for tech-savvy hosts seeking tailored management solutions.