Chelan in Top 100 of nationwide Vacation Rentals

CHELAN - "AllTheRooms" analytics has just just completed a study into the fastest-growing vacation rental markets in the United States and Chelan was listed as 54th on the list.
Our Data Insights:
• The number of vacation rentals in Chelan available on platforms like Airbnb and VRBO increased by 68.79% over the last 12 months.
• This took the total number of vacation rentals in Chelan on these platforms up to 238 as of May 2019, as homeowners put more rentals on the market.
• Over the last 12 months the average price per night at these rentals was $231, and the occupancy rate, or the proportion of days that these properties were rented out, was 41.64%.
• Over the last 12 months, homeowners in Chelan took $6,889,745 in bookings in total. A growth of 124.44% year-on-year, as they took advantage of buoyant demand from travelers for short-term rentals.
• Besides growing demand from travelers for vacation rentals, another factor that probably contributed to the growth in vacation rental supply was the continued drop in mortgage rates in 2019, which improves the potential returns for investors in buy-to-rent properties.
Information courtesy of: AllTheRooms, the world's first vacation rental search engine.