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The Markets Where Short-Term Rentals Are Booking Out

With the winter school holidays now firmly on the horizon, new data has revealed the Australian locations most popular among international and domestic travelers.

Gold Coast

The figures, which have been released by the Expedia Group, highlight the places around the country where short-term rental property owners can expect an increase in business as travelers temporarily migrate.

The data indicate that Queensland is the most popular Australian destination for international holiday-makers, with the Sunshine State boasting two of the three most popular locations.  

The top three listed Australian locations for international tourism are:

1. Gold Coast

2. Sydney

3. Sunshine Coast

Further scrutiny of the data has shown that beach fairing holidays are the most popular for tourists, with those flocking to Queensland spending an average of five to seven nights along the pristine coastline.

This bodes well for holiday home owners in these areas, with international travel into Australia expected to experience a steady climb back to normal levels. The influx of tourists into the state comes despite Brisbane council’s announcement last week that it would be implementing substantially higher council rates for property owners operating holiday homes.

Down south, the report has alerted short-term rental property owners in NSW, particularly Sydney and the state’s north and south coasts, to prepare their properties for increased uptake in bookings as travelers visit these regions for an average of one-to-three nights per stay. 

Meanwhile, holiday home owners in Victoria’s capital, Melbourne, as well as the Great Ocean Road and regional Victorian properties that lie on acreage, can expect a strong slow of visitors in the coming months, with a stay duration of one to three nights, similar to that of Sydney.

Darren Karshagen, the director of ANZ vacation rentals at Expedia Group, explained that there are a few reasons behind the sudden rising return of international tourists. 

“Shorter length of stays from international travelers tell us that tourists are coming back, whether it be to visit family and then travel from city to city within Australia, or just coming for leisure,” Mr Karshagen said.

On the domestic front, the data indicated that travelers are opting for a diverse mix of destinations, ranging from cozy winter locations right through to warmer coastal climates. The data showcased that the top five domestic destinations are:

1. Snowy Monaro Regional Council

2. High Country

3. Cairns

4. Sunshine Coast region

5. Sydney and surrounds, such as the Blue Mountains

Short-term rental property owners in these regions should prepare for “longer length of stays and high party sizes [as] domestic travelers are keen to get a group together and getaway, taking time to see both regional towns and major cities”, Mr Karshagen said.

He added that “it is interesting to see the different interests between international and domestic travelers, and what they are after, and why”. 

Holiday properties in Sydney and the Snowy Mountains and holiday houses in Cairns and the Sunshine Coast can be booked on Search and Stay.

Source: Kyle Robbins, Smart Property Investment

 

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