Short Term Rental Trends

Louisiana Airbnbs & STRs

Partner with RedAwning to leverage our 14 years of expertise. Our proven strategies pave the way to increased profits.
Image of Louisiana
RedAwning offers vacation rental property management for busy vacation rental owners and Airbnb hosts. Starts at 10% of revenue.
Schedule a call
Call or text 415-941-5206

Current Vacation Rental Performance in Louisiana

Market Overview

The vacation rental market in Louisiana, particularly in cities like New Orleans, exhibits a mix of stable and challenging trends.

Key Statistics

  • Return on Investment (ROI): New Orleans, a major vacation rental market in Louisiana, shows an ROI of 8%, which is significantly above the national average. This is driven by high average daily rates (ADR) of $174 and an occupancy rate of 64%.
  • Revenue and Occupancy: Despite the relatively high ADR, the occupancy rate, although lower than some other top markets, remains robust. New Orleans generates an average revenue of $28,000 per year for Airbnb hosts.
  • Demand and Supply: The overall vacation rental market in the U.S., including Louisiana, is experiencing a slight decline in occupancy rates due to increasing supply and softening demand. However, late fall travel seasons are showing promising signs.

Market Trends

  • Cultural and Tourist Attractions: New Orleans' unique cultural scene, including jazz music, historic neighborhoods, and vibrant nightlife, continues to attract tourists throughout the year. Major events like Mardi Gras significantly boost demand.
  • Affordability and Growth: Louisiana's housing market, including vacation rentals, benefits from relatively affordable property prices. The median home price in Louisiana is $254,200, which is one of the lowest in the country. This affordability can attract more investors to the vacation rental market.

Challenges and Outlook

  • Occupancy Rates: While New Orleans maintains a healthy occupancy rate, the broader U.S. vacation rental market, including Louisiana, is seeing a slight decrease in occupancy rates compared to previous years. This is attributed to the imbalance between supply and demand growth.
  • Future Growth: Despite current challenges, the vacation rental market is expected to grow at a compound annual growth rate (CAGR) of 4.7% from 2023 to 2030. This growth is driven by factors such as the increasing popularity of online booking platforms and the demand for flexible travel options.

Overall, Louisiana's vacation rental market, especially in New Orleans, remains a viable investment opportunity due to its strong cultural attractions and relatively high ROI, despite some broader industry challenges.

Current Airbnb & VRBO Trends by City

No state available.

⇤ All Airbnb & Vacation Rental Locations

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.