Short Term Rental Trends

Idaho 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 Idaho

Market Overview

The vacation rental market in Idaho is experiencing a mix of trends, influenced by both local and national factors.

Occupancy and Rates

  • Despite a national trend of slightly lower occupancy rates, with August 2024 seeing a 2% decrease compared to 2023 and a 5% decrease compared to 2022, Idaho's popular destinations are holding up relatively well.
  • Average daily rates (ADRs) in the U.S. have been relatively stable, but slightly lower than in previous years. However, strategic pricing adjustments can help optimize revenue, especially in high-demand areas like Sun Valley and Boise.

Key Locations

  • Sun Valley remains a lucrative market for vacation rentals, with a two-bedroom property potentially generating an annual revenue of $70,720 and a gross rental yield of 10.11%. This area is attractive due to its cultural and outdoor attractions.
  • Boise and Meridian are also strong contenders, with Boise offering a vibrant city life and Meridian boasting rapid growth, excellent schools, and low crime rates. These factors contribute to high demand and potential rental income.

Strategic Insights

  • Early bookings and competitive pricing are crucial for maximizing revenue. Vacation rental managers in Idaho are advised to dynamically adjust their pricing strategies to capitalize on early demand and maintain occupancy rates as the summer peaks.
  • Technology, such as comprehensive revenue management systems, can provide valuable insights to help managers make informed pricing decisions and stay competitive.

Seasonal Performance

  • While summer occupancy rates have been slightly lower than in previous years, the late fall season is showing promising signs, with October and November pacing ahead of last year's occupancy rates. This suggests a potential return to pre-pandemic trends as supply and demand become more balanced.

Overall, Idaho's vacation rental market presents opportunities for investors and managers who can adapt to current trends and leverage strategic pricing and technology to optimize their revenue.

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.