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The impact of coronavirus has been negative on the travel industry, but things are now starting to look up. And now, not only can you get a great financing rate on buying a home, but vacationers are ready to travel and are now travelling differently. And differently means that they are seeking vacation options that are in safe, less-crowded, and clean environments that still give the opportunity for a lot of fun. Also, they are more price sensitive regarding how much they are willing to spend. What does that mean? Less hotel and resort-type vacations and more booking in vacation homes.
Vacation with Confidence & Ease
There are 34 resorts or hotels on Disney World property with approximately 40,000 rooms. And while most aren't booking at capacity for safety reasons, more and more rooms are becoming available as the coronavirus situation improves. With travelers having a heightened level of awareness and anxiety now, think about where they would prefer to stay – in a hotel or a vacation home? Where are they going to feel the safest? Being in hotel lobbies, restaurants, elevators, etc. in a hotel or in a vacation home? Obviously, the answer is in a vacation home.
Many people who stay at the hotels and resorts on the Disney World property do it for the easy and convenient access to the Disney World parks. It then follows that those same people, who decide to stay in a vacation rental instead of a hotel due to the coronavirus, will want to stay in a vacation rental that is close to the parks with easy access. These are the most profitable most vacation rentals homes. And the homes that we focus on for your investment are also either new or have been renovated with many great features and fun amenities, such as pool and spa, game room and/or movie theater, modern kitchens, themed bedrooms, and more.
Affordable Luxurious Rentals
As more and more people ponder choosing a vacation home over a hotel room due to the coronavirus, their decision becomes easier when they discover that vacation home rentals are a great deal compared to a room in a Disney World area hotel. During the summer, a very nice newly renovated 6-bedroom, 4-bath single family vacation home with luxurious and fun features and amenities including a full, modern kitchen, a private pool and spa and a game room or movie theater in a gated and amenity-packed vacation home community (guard gated, clubhouse, water park, etc.) can be rented for ~$375/night. A moderate priced Disney World hotel room with 2 queen beds is $350-$400/night plus the additional costs of having to eat all meals out, parking and other hotel related costs. Vacationers definitely get way more for their money when staying in a vacation rental.
Now IS a good time to buy! Bargains on these homes show up daily, and we have to act fast to purchase. If you can find a good vacation home that is a good deal and in a good location, buy it. Then, invest in some upgrades and improvements so that your bookings are peaked and the ROI will be high.
Note: The above photo is from Castle Getaways-Alnwick, investment vacation home in our managed portfolio that is available for rent in Windsor Hills Resort.