There is an interesting look at the state of beach rentals by Fox. The article briefly mentions that rentals are down and many owners are making discounts. Both Duck and Corolla are mentioned in the article. My local perspective is somewhat different, from several property managers I have spoken with, rentals are stronger than they appear. Much of the shoulder season is booked while some of the peak summer weeks remain. It does seem to be a company by company basis, on how home's are performing.
The biggest conditiion to securing reservations is offering as many amenities as possible. For those Outer Banks home owners who keep their rental home well maintained and full of amenities, I think they will continue to see the strongest returns as the rental market remains competitive.
Without official numbers it did seem like a strong Memorial Day weekend. The weather was beautiful and anywhere I went, there seemed to be larger than usual crowds. Initial indications are that it could be a precursor to a strong summer vacation season.
Posted by Mike Bishal on
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