Short Term Rental Trends

Arkansas Airbnbs & STRs

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Current Vacation Rental Performance in Arkansas

Market Overview

The vacation rental market in Arkansas is experiencing a mix of trends and challenges. Here are some key points:

Pricing and Demand

  • The average nightly price for a vacation rental in Arkansas varies by season, with prices peaking in June and July, reaching up to $337 per night, and dropping to lower rates in the off-season, such as January, where prices can be as low as $65 per night.

Availability

  • The availability of vacation rentals fluctuates throughout the year. The week with the least available rentals is typically in January, while the week with the most available offers is in July. For example, in September, the availability can range from 39% to 44%.

Popular Amenities

  • Vacation rentals in Arkansas are often sought after for amenities such as pools, pets allowed, and hot tubs. There are 8,526 vacation homes with pools and 4,462 pet-friendly homes available.

Occupancy Rates

  • While the national vacation rental market is seeing a normalization in occupancy rates after the pandemic-induced surge, Arkansas-specific data shows that key tourist regions may be underperforming slightly compared to 2022. For instance, regions like the Southeast and Southwest US are seeing occupancy rates around 60% and 48%, respectively, which is a decline from the previous year.

Rental Options

  • Arkansas offers a diverse range of vacation rentals, including lakefront homes, mountain cabins, condominiums, townhouses, and golf course homes. Popular destinations include Little Rock, Hot Springs, and Eureka Springs.

Economic Impact

  • The vacation rental market contributes significantly to local economies. Short-term rentals have been instrumental in meeting financial needs for many hosts, with approximately 45% of hosts reporting that short-term rentals helped cover their expenses.

Overall, the vacation rental market in Arkansas is stable, with a focus on seasonal demand and a variety of amenities that attract different types of travelers. However, there are indications of slight underperformance in certain regions compared to the previous year.

Current Airbnb & VRBO Trends by City

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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.