Memorial Day Weekend is the official start of the peak season for vacation rentals around the United States. This year was a mixed bag for owners, renters, managers, and destinations due in part to the variations in policies and intensity of the COVID-19 pandemic. Some destinations, like San Francisco and Hawaii, had adjusted paid occupancy rates that were much lower than last year (-50% and -46%, respectively). Others, like Park City (+4%), South Padre Island (+7%), and the Outer Banks of North Carolina (+14%), benefited from reopening and actually had higher occupancy rates than last year. There were more factors at play than simply being open to visitors, as evidenced by Destin, FL seeing a drop of 4% vs. Memorial Day Weekend 2019 while their neighbors on 30A in Walton County, FL, saw an increase of 2%.
May 27, 2020