Vacation rentals are set for growth! 📈

Hey there, Keys family! 🗝️

We've got some exciting news for you today! Here's what's on the menu:

• The ups and downs of investing in seasonal properties 🏖️

• Vrbo's new loyalty program, One Key, is about to launch 🚀 

• The Short-Term Vacation Rentals (STRs) market is set for significant growth 📈

Seasonal Properties: A Sunny Investment or a Stormy Challenge? 🌦️

As a real estate investor, you've likely considered the allure of seasonal properties. They're not just a potential source of income; they're also a gateway to some of the most desirable vacation spots. But, like any investment, they come with their own set of challenges and rewards.

The U.S. vacation rental market has seen a 10% growth since 2021, with projections suggesting that by 2025, one in five travelers will have been vacation rental guests. This growth is driving more investors to consider the potential ROI of vacation rentals, which can offer both cash flow and long-term growth.

One of the key benefits of investing in seasonal properties is the potential for higher income. During peak seasons, rental rates can be adjusted to meet demand, often resulting in higher income compared to long-term leases. Additionally, these properties tend to experience less wear and tear due to their seasonal nature, making them easier to maintain.

Another advantage is the potential for personal use. Many investors enjoy the flexibility of being able to reserve their property for personal vacations. Plus, there are potential tax benefits related to expenses incurred from renting the property.

However, it's not all sunshine and beachfront views. Seasonal rentals face stiff competition, especially in popular vacation spots. Additionally, managing a seasonal rental is a hands-on business, requiring attention to customer needs and market trends.

Seasonality, natural disasters, and economic downturns can also impact the profitability of your investment. For instance, your property might be vacant for several months during the off-season, or rentals might drop during a recession.

Moreover, maximizing your income might mean sacrificing personal use during peak seasons. And don't forget about the growing restrictions around short-term rentals. Before investing, it's crucial to understand any state, local, or community restrictions that could impact your ability to rent the property.

In conclusion, seasonal rentals can be a lucrative investment, but they require active management and a keen understanding of the market. As always, do your homework and consider all the pros and cons before diving in.

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Vrbo's One Key Travel Rewards 🗝️

Exciting news for frequent travelers and vacation rental enthusiasts! Vrbo, a popular platform for booking vacation rentals, is launching its own loyalty program, One Key, in mid-2023. This program is a collaborative effort between Vrbo, Expedia, and Hotels.com, and it's set to revolutionize the way you earn and spend your travel rewards.

One Key is a unified loyalty program that allows users to earn OneKeyCash on eligible bookings across all three platforms. The program will initially launch in the United States, with plans for expansion in the future.

OneKeyCash rewards points can be earned on a variety of travel-related purchases, including vacation rental bookings through Vrbo, eligible stays on Hotels.com, and flights, hotels, car rentals, cruises, experiences, and packages on Expedia. The earning rate varies, with lodging, activities, packages, and car rentals earning 2% back, while flight purchases receive 0.2% back.

The One Key program also includes several membership tiers, namely Blue, Silver, Gold, and Platinum. Each tier offers an earnings bonus, with Platinum members earning a whopping 200% bonus points on bookings.

OneKeyCash rewards can be redeemed for "Pay Now" bookings and eligible vacation rentals with U.S. dollars. However, when redeeming rewards for flights, it must cover the entire ticket cost, including taxes and fees.

The introduction of the One Key loyalty program is a game-changer for travelers, allowing them to earn rewards from qualifying Vrbo bookings and combine rewards with Expedia and Hotels.com purchases. This not only boosts loyalty for these travel booking partners but also makes it easier for travelers to maximize their travel purchases beyond credit card points.

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STR Market: A Rising Tide Lifts All Boats 🌊

The global Short-Term Vacation Rentals (STRs) market is poised for significant growth, according to a new study by Stratagem Market Insights. The report predicts a robust expansion of the market through 2030, driven by key players such as Airbnb, Booking.com, HOMEAWAY / VRBO, TripAdvisor, and others.

The study provides a comprehensive analysis of the market, including key strategic developments, market segmentation, competitive analysis, and regional analysis. The report also profiles major players in the industry, offering insights into their strategies and market positions.

The STRs market is segmented by type of rental, including 1-3 days tourist rentals, 3-8 days tourist rentals, and longer time business travelers. It also segments the market by application, dividing it into urban and rural markets.

The report highlights the competitive landscape of the STRs market, providing insights into market share and segmented revenue. It also offers a detailed analysis of market trends, drivers, and restraints, providing a comprehensive understanding of the factors influencing market growth.

The study also provides a regional analysis, covering North America, Europe, Asia-Pacific, South America, and the Middle East & Africa. This analysis provides insights into the market dynamics in each region, helping businesses understand regional trends and opportunities.

In conclusion, the STRs market is set for significant growth, driven by increasing demand for short-term rentals and the strategic efforts of key market players. However, businesses must stay abreast of market trends and competitive dynamics to capitalize on these opportunities.

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That's all for today, folks! Remember, the key to success in real estate investing is staying informed. So, keep reading, keep learning, and keep investing! 🏠💰