Short Term Rental Trends

Pennsylvania 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 Pennsylvania

Market Overview

The vacation rental market in Pennsylvania is diverse and flourishing, driven by the state's rich historical background, natural beauty, and varied activities. Here are some key points regarding the current performance:

Demand and Occupancy

  • Occupancy rates in the broader U.S. context have been slightly lower in 2024 compared to previous years, but Pennsylvania's unique attractions help maintain a relatively strong demand. Understanding local demand and occupancy rates is crucial for predicting revenue streams, with high occupancy rates indicating strong demand, particularly in areas like the Pocono Mountains and Amish Country.

Regional Performance

  • Key locations such as the Pocono Mountains, Historic Philadelphia, Lancaster's Amish Country, and urban centers like Philadelphia and Pittsburgh continue to attract visitors. These areas offer a mix of outdoor activities, historical sites, and urban experiences that cater to various traveler preferences.

Pricing and Revenue

  • Average daily rates in Pennsylvania have seen regional variations. While some areas like the Mid-Atlantic States have experienced rate increases, others have remained stable or seen slight declines. For instance, vacation rentals with private pools tend to generate higher rental income, especially during summer months.

Seasonality and Events

  • The market is influenced by seasonality, with peaks during specific times of the year. Notable events such as college graduations and sports events can significantly drive up short-term rental demand, creating lucrative opportunities for investors. Understanding these seasonal fluctuations is essential for optimizing rental pricing and availability.

Investment Potential

  • Pennsylvania offers promising investment opportunities, particularly in areas like the Pocono Mountains and Lake Wallenpaupack. Investors can capitalize on the high demand for vacation rentals by providing top-notch amenities such as hot tubs, saunas, and indoor fireplaces, which enhance the guest experience and occupancy rates.

Operational Management

  • Effective operational management, including choosing the right property management company and maintaining consistent guest communication, is vital for the smooth running of Airbnb investment properties in Pennsylvania. Companies like Awning are known for their comprehensive management services, which help maximize occupancy and ensure a steady income.

Overall, while the national vacation rental market faces challenges such as increasing supply and softening demand, Pennsylvania's diverse and attractive market continues to offer strong potential for investors and property owners who can adapt to local trends and preferences.

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.