High-End Luxury Vacation Rentals in Demand this Year
July 26, 2006. An article in the Concord Monitor Online reports that high-end vacation rentals are the hottest thing on Winnipesaukee this year. It quotes realtors as saying "People want the luxury homes.�
Such homes, which rent for $5,000 to $15,000 for a week, feature amenities ranging from sandy beaches to big-screen TVs. They have as many as six or seven bedrooms - some brokers have noticed more people traveling in big, family-reunion-sized groups and many have "preferred exposure," facing west or southwest for a good view of the sunset.
One realtor is quoted as saying, “houses renting for less than $3,000 per week have not done as well this year. But the high-end sector is very strong�, he said, with almost no availability left even as they are renting for the "highest rates ever."
We have heard this experience in New Hampshire repeated in some other areas. We have consistently encouraged members of VacationRental.org to provide luxuries and extra amenities to make their properties stand out for the competition. The luxury properties seem to do the best, even when the area as a whole might see a downturn in occupancy.
