Short Term Rental Trends

Delaware 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 Delaware

While specific data for Delaware is not extensively detailed in the sources provided, some general trends and insights from the broader U.S. vacation rental market can be applied to understand the current performance in Delaware.

Occupancy Rates

  • Nationally, vacation rental occupancy rates have been slightly lower in 2024 compared to the previous year, with August 2024 showing a 2% decrease in occupancy compared to 2023 and a 5% decrease compared to 2022.

Regional Performance

  • Regional variations are significant, but areas like the Mid-Atlantic, which includes Delaware, have seen booking rates similar to last year. However, this does not necessarily reflect the specific performance in Delaware.

Supply and Demand

  • The U.S. vacation rental market is experiencing a period where supply growth is outpacing demand growth, leading to decreased occupancy rates. However, there are indications that supply increases are slowing down, and demand is starting to stabilize, particularly in the late fall season.

Average Daily Rates (ADR)

  • Average daily rates have been relatively stable, with only minor increases. For example, in August 2024, daily rates were $3 higher than the previous year but $23 lower than in 2022.

Revenue Performance

  • Revenue per available room (RevPAR) has been declining due to lower occupancy rates, despite stable or slightly increasing average daily rates. However, there is a positive outlook for the late fall season, with occupancy and RevPAR pacing ahead of last year in some months.

Given these national and regional trends, it is likely that vacation rental performance in Delaware is experiencing similar challenges, including lower occupancy rates and stable average daily rates, but with potential for improvement as the market stabilizes in the late fall season.

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.