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Rental Market Cape Cod: 2024 Forecast

 

 

 

 

 

A multitude of factors have begun to impact the rental market on Cape Cod. Whether it be changes in post-covid travel habits, increased inventory, market saturation, or new visitor expectations, success in 2024 will depend on the consideration of these factors.


Why is guaranteed income important?

The News about Cape Cod Rentals

We've compiled a few resources below that help outline the issues present on Cape Cod regarding vacation rentals below

 

 

Boston.com | Strong rental availability reported for Cape Cod Summer season

“Last year at this point, we were about 80 to 85 percent booked for the July and August time period,” “This year we’re at 60 percent booked.”


Key Data | Short-Term Rental Market Cools Despite Slowing Inflation

"Additionally, according to a study done by Destination Analysts which surveyed over 4,000 American travelers in December 2022, 45% of respondents stated that travel being too expensive..."


Forbes | 2023 Predictions For the Short Term Vacation Rental Industry

“Leaders must have their hearts wholly dedicated to hospitality and have the education and background in this sector to understand how to keep STVRs running sustainably.”


Business Insider | Vacation rentals sitting empty

"The occupancy rate is down 20% from last year, according to the Cape Cod & Islands Association of Realtors".


Boston.com | Readers explain why they arent coming to cape this year.

“I could go to Europe for these prices and have a more luxurious experience.”


WHDH | Vacation rental sales are down, prices are still up

“You’re seeing actually people looking around,”


Financial Times | Caper Cods short term rental market cools as Summer arrives

"In Cape Cod and the islands of Martha’s Vineyard and Nantucket, demand for short-term rentals has dropped while supply has increased significantly"