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Updated over 3 years ago on . Most recent reply

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Bruce Woodruff
#1 Contractors Contributor
  • Contractor/Investor/Consultant
  • West Valley Phoenix
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Anyone noticed an uptick in VRBO?

Bruce Woodruff
#1 Contractors Contributor
  • Contractor/Investor/Consultant
  • West Valley Phoenix
Posted

One of our places used to be roughly 75% AIR and 25% VRBO (I track these kinda stats in an Excel Spreadsheet). It is a downtown place which 'could' attract more millennials, so I chalked it up to that.... (AIR being used by younger folks more that is)

I notice a distinct difference this year, starting almost exactly with the beginning of the year......we are now at 50/50% or better for VRBO. Pretty big shift in a short period of time.....

So I heard last year that VRBO was making a sustained push to gain market share....I wonder if it could be working this quickly or if I am seeing a coincidental shift just related to my property?

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Gerald Pitts
  • Lender
  • Asheville NC
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Gerald Pitts
  • Lender
  • Asheville NC
Replied
Quote from @Bruce Woodruff:

One of our places used to be roughly 75% AIR and 25% VRBO (I track these kinda stats in an Excel Spreadsheet). It is a downtown place which 'could' attract more millennials, so I chalked it up to that.... (AIR being used by younger folks more that is)

I notice a distinct difference this year, starting almost exactly with the beginning of the year......we are now at 50/50% or better for VRBO. Pretty big shift in a short period of time.....

So I heard last year that VRBO was making a sustained push to gain market share....I wonder if it could be working this quickly or if I am seeing a coincidental shift just related to my property?


For sure. Mine was previously 5% VRBO. Right now, it's about 40%. or more. 

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