SINGAPORE, June 18, 2020 /PRNewswire/ — Global travel media Trip101 reports record levels of vacation rental bookings as well as shorter booking lead times (time between booking and check-in) in the midst of the COVID-19 pandemic.
Vacation rental bookings by countries from Jun 2019 to May 2020 — Trip101
Remarkably, May saw a record number of bookings for Trip101, with a 300% YoY growth. The initial growth could be due to people looking to self-isolate (like key workers and those at risk) and people who wanted to escape urban hotspots of the virus.
Trip101’s latest data also shows that the US is leading in the recovery for vacation rentals. Data over the last 12 months clearly shows when COVID-19 impacted the vacation rental market, hitting the lowest levels of bookings per week at the start of March 2020. Recovery began from mid-March, with April seeing a sharp…