Hershey, Pennsylvania is experiencing robust short-term rental performance, with an average daily rate of $309, 68% occupancy, and a significant revenue growth of $46,379 per month, making it an attractive investment opportunity.
Thriving Short-Term Rental Market in Hershey, Pennsylvania
Hershey, Pennsylvania, is experiencing a robust performance in its short-term rental market. As of the latest data, short-term rentals in Hershey boast an impressive 68% occupancy rate, indicating a high demand for these properties. The average daily rate for these rentals stands at $309, contributing to a substantial monthly revenue of $46,379. This strong performance is further highlighted by a positive growth trend, with active listings increasing by 8% over the past year. The dominance of entire home rentals, which make up 69% of the listings, and the prevalence of essential amenities such as air conditioning, internet, and parking, make Hershey an attractive and lucrative destination for both hosts and investors in the short-term rental market.
Top Neighborhoods for Airbnb Revenue in Hershey, Pennsylvania
1. Hummelstown
- Appeal: Hummelstown is highly attractive due to its proximity to Hersheypark, a major tourist destination. The area offers a mix of charming homes, local restaurants, bars, and shops, making it an ideal location for families and tourists alike.
2. Downtown Hershey
- Appeal: The downtown area of Hershey is appealing because of its central location to various attractions, including Hersheypark, Hershey's Chocolate World, and other local amenities. Guests can easily access dining, shopping, and entertainment options.
3. Hershey Heights and Surrounding Areas
- Appeal: These areas are popular due to their scenic views, proximity to outdoor recreational activities, and easy access to Hersheypark and other local attractions. The mix of modern and historic homes adds to the area's charm.
4. Campbelltown and Palmyra
- Appeal: Located just outside of Hershey, these neighborhoods offer a quieter alternative while still being within a short drive to Hersheypark and other attractions. They are known for their family-friendly environment and local community events.
Why These Neighborhoods Are Appealing
- Proximity to Attractions: All these neighborhoods are close to major attractions like Hersheypark, Hershey's Chocolate World, and other local landmarks, making them highly desirable for tourists.
- Variety of Accommodations: From charming restored homes to modern vacation rentals, these areas offer a diverse range of accommodations that cater to different preferences and needs.
- Local Amenities: Guests can enjoy local restaurants, bars, shops, and community events, enhancing their overall experience.
- Family-Friendly: Many of these neighborhoods are family-friendly, with amenities such as game rooms, pools, and spacious living areas that are ideal for families and groups.
Tips for Furnishing and Designing an Inviting Airbnb in Hershey, Pennsylvania
Understand the Local Style and Charm
- Hershey, Pennsylvania, is known for its historic and family-friendly atmosphere. Incorporate elements that reflect the city's Creole and Victorian architectural influences, such as using antique or antique-style furniture and decor.
Choose Anchor Pieces Wisely
- Start with essential, high-quality items like beds, sofas, tables, and chairs. These pieces should be comfortable and durable, as they will be the foundation of your space.
Select Furniture That Fits the Space
- Consider the unique features of your property, such as high ceilings or large balconies, and choose furniture that complements these elements. For example, in a 1850s Creole townhouse, opt for furniture that maintains the historical charm.
Add Unique and Local Touches
- Incorporate local and unique items to give your space character. This could include pieces from estate auction houses or local antique shops to maintain the historical and cultural feel of Hershey.
Balance Budget and Quality
- While it's tempting to buy everything from budget-friendly stores, invest in statement pieces that define the space, such as a high-quality couch or dining table. These pieces can make a significant difference in the overall aesthetic and guest satisfaction.
Consider the Guest Experience
- Think about the amenities and comforts that guests will appreciate. Ensure there are modern amenities like Wi-Fi, cable TV, and comfortable bedding. Adding small appliances, kitchenware, and toiletries can also enhance the guest experience.
Use Rugs to Tie the Room Together
- Rugs can either be the first piece that sets the tone for the room or the last piece that brings everything together. Choose rugs that complement the overall design and style of the space.
Add Decorative Touches
- Incorporate decorative items such as plants, wall art, and unique accessories to liven up the space. These elements can add a personal touch and make the space feel more inviting.
Plan for Practicality and Durability
- Since the property will be used frequently, choose furniture and decor that are durable and easy to maintain. This includes selecting materials and items that can withstand regular use and cleaning.
Utilize Local Resources and Services
- If possible, hire local services or co-hosts to handle immediate issues and ensure smooth operations, especially if you are managing the property remotely.
Allow Time for Setup
- Furnishing and designing an Airbnb can take time, especially if you are doing it long-distance. Plan ahead and allow 6-8 weeks for the setup process if extensive design and furnishing services are needed.
Practical Tips to Run a Successful Short-Term Rental Business in Hershey, Pennsylvania
To ensure a smooth and enjoyable experience for both you and your guests in Hershey, Pennsylvania, several practical tips can make a significant difference. First, it is crucial to address noise regulations by informing guests about quiet hours through clear communication in your listing and a digital or physical house manual. This manual should also include essential instructions, such as Wi-Fi passwords, appliance usage, and emergency contact information.
Creating a simplified check-in process is also key. Utilize smart locks to eliminate the need for physical key exchanges, and provide detailed parking instructions accompanied by photos to avoid any confusion. This not only enhances guest satisfaction but also reduces the likelihood of issues arising during their stay.
Additionally, ensuring that your property is well-maintained and equipped with modern amenities like private pools, hot tubs, and game rooms can make your rental stand out, especially in a competitive market like Hershey. By focusing on these details, you can create a welcoming and hassle-free environment that encourages positive reviews and repeat bookings.
Here is a brief list of house cleaning providers in Hershey, Pennsylvania:
House Cleaning Services
The Cleaning Authority - Harrisburg
- Serves Hershey, Harrisburg, Mechanicsburg, Elizabeth, Middletown, and surrounding areas.
- Uses a Detail-Clean Rotation System for deep cleaning.
- Environmentally-friendly cleaning products and fully bonded and insured.
MaidPro Hershey
- Offers customizable and professional house cleaning services.
- Serves Hershey and the surrounding areas.
Local House Cleaning Services (via Care.com)
- Several local house cleaning services listed, with rates starting at $17.50/hr.
- Average experience of 3 years for nearby house cleaning services.
Servpro of Hershey / Harrisburg East
- Provides general cleaning and janitorial services.
- Specializes in residential home cleaning, including homes for sale.
Top Rated Cleaners on Angie's List
- A list of top-rated cleaners in Hershey, PA, based on real reviews and ratings.
Short-Term Rental Management Fees in Hershey, Pennsylvania: A Comprehensive Guide
In Hershey, Pennsylvania, managing short-term rentals can come with varying fees, typically ranging from 10% to 30% of the rental revenue, depending on the level of service provided. Full-service management, which includes guest communication, marketing, and maintenance, tends to be on the higher end of this spectrum, often ranging between 20% to 30% of the rental income.
Basic services, such as co-hosting or a la carte options, may be more budget-friendly but will offer fewer comprehensive services. Additionally, hosts should be prepared for extra fees related to cleaning, repairs, or design enhancements, which can be charged separately. Understanding these fee structures is crucial for investors to maximize their returns in Hershey's vibrant vacation rental market.