AUSTIN, Texas, Nov. 12, 2019 /PRNewswire/ -- New analysis from
Savills and Vrbo® reveals that internet access is not only the most
important amenity for travelers when choosing to rent a vacation
home but also for second home owners thinking about buying a new
vacation rental.
For the Savills Second Homes Report Savills Research surveyed
7,800 property owners who list their properties on Vrbo in ten
major markets (US, Canada, UK,
Spain, France, Italy, Netherlands, Portugal, New
Zealand and Brazil)
alongside 6,800 travelers in the same ten countries who use the
Vrbo platform for vacation rental bookings.
According to the Savills Second Homes Report, 64% of second home
owners and 46% of travelers placed the highest importance when
choosing a vacation home on having access to the internet, with any
access being more important than high speed access, which ranked as
the second most important amenity for over half (54%) of all owners
responding to the survey and around a third of all travelers.
Other factors considered essential by owners vary by
nationality. While 55% of Greek, 25% of Portuguese and 19% of
Italian owners consider a balcony or terrace as essential, for
American owners (47%), it's air-conditioning. British holiday home
owners (30%) value access to a swimming pool and French (30%) look
for reserved car parking. Looking at the preferences of travelers,
parking, a patio or balcony and a TV are deemed most important.
Just under half of survey respondents who purchased a second
home in 2019, did so with the intention of also renting it out on a
short-term basis, instead of 'own use' exclusively as the primary
reason for purchase.
Owners who choose to rent out their second home do so for a
variety of reasons but a source of income and covering costs are
the main drivers. Therefore, the health of the vacation rental
market is increasingly important to these owners. The number of
days a property is occupied and how this has changed is a good
measure of the market, and the signs are positive. Across each
country in the survey, a third of owners had seen their booking
rates increase over the past year, while a further 45% said it
stayed the same.
About Vrbo
In 1995, Vrbo introduced a new way for people to travel
together, pairing homeowners with families and friends looking for
places to stay. We were grounded in one purpose: To give people the
space they need to drop the distractions of everyday life and
simply be together. Since then, we've grown into a global community
of homeowners and travelers, with unique properties around the
world. Vrbo makes it easy and fun to book cabins, condos, beach
houses and every kind of space in between.
Vrbo is part of Expedia Group and offers homeowners and property
managers exposure to over 750 million visits to Expedia Group sites
each month. To learn more, visit www.vrbo.com.
© 2019 Vrbo. All rights reserved. Vrbo, HomeAway, the
Vrbo logo, and the HomeAway logo are trademarks of HomeAway.
About Savills
Savills is a global real estate services provider
listed on the London Stock Exchange. Savills operates from over 600
owned and associate offices, employing more than 35,000 people in
over 60 countries throughout the Americas, the UK, Europe, Asia
Pacific, Africa and the
Middle East, offering a broad
range of specialist advisory, management and transactional services
to clients all over the world
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For press information contact:
Niki Riley
Savills Press Office
+44(0)20-7016-3843
nriley@savills.com
Michael Lassiter
Savills Press Office (US)
mlassiter@savills.us
Nola Lu
Vrbo
Nola Lu
nlu@vrbo.com
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SOURCE HomeAway; Savills