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US Travelers to Spend a Shocking $72 Billion on Holiday Travel in 2013

November 15, 2013 Destination North America No Comments Email Email

Vakast, an online vacation rental site company, announced today that inquiries into vacation rentals have grown exponentially in the past month as holiday airfares significantly increase.

In fact, data obtained from the Airlines Reporting Company and reported by The Wall Street Journal’s Scott McCartney explains, “Thanksgiving travels are up a steep 9.4% compared to a year ago. Prices for Christmas week departures have increased 7.3% compared to the same period in 2012.” While consumers understand that high oil prices contribute to inflated airfares, it is little consolation for families obligated to travel over the holidays.

“What we are experiencing,” stated Vakast CEO, Huan Truong, “is an explosion of inquiries to rent vacation homes, condos and cabins during peak holiday dates.” Through qualitative research, the company discovered that travelers are choosing to rent nearby beach cottages or mountain cabins over the holidays in lieu of out of state air travel. Traditionally, Americans buy airline tickets to spend the Thanksgiving and Christmas holidays with family and friends. However, “with the high cost of airline tickets, it is nearly impossible,” stated Melissa Newman, a Greensboro, North Carolina mother of two.

For many people this holiday season, planning and budgeting for airline tickets, car rentals and hotels leaves little money for holiday gifts. New trends and travel tips from vacation rental experts such as Vakast can help families survive and enjoy the holidays without going into debt:

1.    Select two or three destinations within a five to six hour drive near mountain resorts, lakes, beaches or theme parks.
2.    Create a budget and allocate a reasonable percentage to your accommodations. Save the rest for entertainment and activities such as skiing, snowboarding and theme parks.
3.    Visit Vakast.com; type in your destination, desired dates and number of bedrooms. With over a million properties, you will surely find one that fits within your holiday budget.

The high demand for vacation rentals over the holidays merely supports the $85 billion global vacation rental industry. In fact, at this rate of growth, the $151 billion prediction for 2016 will likely come to fruition.

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