As the July 4th holiday weekend approaches, data from AirDNA shows that coastal destinations such as Delaware and Maryland beaches are experiencing a surge in bookings for short-term rentals and vacation homes. In contrast, urban destinations like New York City are seeing a decline in bookings compared to last year. This shift in travel trends highlights the growing popularity of beach destinations, particularly along the Atlantic coast. The crackdown on short-term rentals in New York City has also contributed to the decrease in bookings for the upcoming holiday weekend.
Overall, bookings for urban destinations have seen a 10% year-over-year decrease for the July 4th weekend. This drop in supply can be attributed to various factors, including the tightening restrictions and regulations on short-term rentals in major cities. The data from AirDNA indicates a significant shift in travel preferences, with Americans increasingly opting for coastal destinations and rural areas for their holiday getaways. This trend is especially noticeable in the current summer holiday season, with coastal spots like the Delaware/Maryland beaches gaining popularity.
Despite the decline in bookings for urban destinations, Americans are traveling in record numbers for the July 4th holiday weekend. AAA forecasts that around 71 million Americans will travel 50 miles or more from home during the Independence Day travel period. The increase in travel can be partly attributed to the flexibility of remote work, allowing more people to take advantage of extended vacations and travel opportunities. Improved consumer confidence due to a strong economy has also encouraged more people to plan trips and explore new destinations.
Air travel is expected to see a significant increase this year, with over 5.74 million Americans choosing to fly for the July 4th holiday, up 7% from last year and 12% from 2019. In addition, over 60 million people will travel by car, with road trips experiencing a boost due to relatively stable gas prices. According to AAA, gas prices are averaging around $3.53 per gallon, which is similar to last year and is not deterring travelers from hitting the road. The combination of increased air and road travel indicates a strong holiday travel season for Americans.
The rise in travel bookings and the surge in demand for vacation rentals and RVs suggest that Americans are eager to make the most of the holiday weekend. RVShare, a platform for renting recreational vehicles, is expecting record bookings this year, highlighting the growing popularity of road trips and outdoor adventures. The holiday season is shaping up to be a busy period for the travel industry, with more people taking advantage of the opportunity to explore new destinations and create lasting memories with their loved ones.
Overall, the data from AirDNA and AAA paints a picture of a busy and vibrant holiday travel season for Americans, with coastal destinations and rural areas becoming increasingly popular choices for summer getaways. While urban destinations like New York City are seeing a decline in bookings, the overall trend points towards a strong recovery for the travel industry. As more people take to the skies and hit the road for the July 4th weekend, it is clear that Americans are ready to embrace travel and make the most of the holiday season.
