Next Year's Big Travel Trends Will Make You Want To Pack Your Bags
For your next vacation, there's a pretty good chance you'll be checking into a place like La Casa Contenta, a stunning four-bedroom mansion in Temecula, Calif., with unobstructed views of the Palomar Mountain range. At least that's what the vacation rental company HomeAway says in its 2019 Trend Report, a preview of next year's big travel trends.
Super-sizing, it says, is taking hold in American vacationing. Demand for castle rentals is up by 55% this year, and demand for estates rose 25%. The reason? Maturing millennials, who now top out at nearly 40 years old, are exploring less and nesting more with their growing families on vacation, often multiple generations or friends vacationing together, according to HomeAway.
It's just one of the travel trends identified by the vacation rental company. Its data revealed the most popular vacation rental destinations and the biggest up-and-coming destinations. They also shed some light on the newest generation of home renters. But HomeAway's insights suggest some contrarian strategies for your next vacation, too.
There are more than 23,000 vacation rental companies in the U.S., according to a recent study by Hostfully, a vacation rental booking platform. The U.S. private accomodation market is worth an eye-popping $36.6 billion, according to research company PhocusWright.