Early booking numbers for the 2015 vacation rental season on the Cape and Islands are significantly improved over those from the same period last year. Bookings on the Cape rose 8%, Martha’s Vineyard as much as 22.4%, and Nantucket’s increased 11.9%. The spring and fall seasons have posted even more dramatic increases with spring bookings up an astonishing 46.4% for the three regions combined and fall bookings up 33.8%.
Although it’s unrealistic to assume that this strong pace will be sustained throughout the entire booking season, it’s certainly a positive start.
Weekly pricing set by homeowners for the 2015 season has held strong, too. Although prices didn’t jump as significantly as last year (see our 2014 Pricing Report), they rose this year by a little over 2%, which is a fairly normal increase during relatively healthy economic times.
Read our full February 11 2015 Press Release.