Short Term Rental Trends

Nebraska 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 Nebraska

Overview

The vacation rental market in Nebraska, particularly in its unique and smaller destinations, is showing mixed trends as of 2024.

Key Metrics

  • Western Nebraska, for instance, has an average occupancy rate of 57%, with an average nightly price of $125 and an average revenue per available night (RevPAN) of $71. This region, including towns like Scottsbluff, is attractive for outdoor activities such as hiking, mountain biking, and fishing.

National Context

While Nebraska's specific metrics are somewhat positive, the broader national context indicates some challenges. The U.S. vacation rental market has seen a decline in occupancy rates, with August 2024 calendar occupancy being 2% lower than in 2023 and 5% lower than in 2022. This decline is attributed to increasing supply outpacing demand growth.

Seasonal Trends

Despite the national decline, there is a hint of stabilization and potential growth in the late fall season. For example, October and November are pacing ahead of last year's occupancy rates, suggesting a return to pre-pandemic trends as supply and demand become more balanced.

Regional Performance

The Midwest region, which includes Nebraska, has seen some positive trends, with regional booking rates increasing by 6% over the last year. However, this does not necessarily translate to uniform performance across all areas within the state.

Overall, while Nebraska's vacation rental market has its strengths, particularly in smaller, unique destinations, it is influenced by broader national trends of supply and demand adjustments.

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.