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Vacation rentals increasingly replacing hotel stays

Lysa Allman-Badwin | 5/7/2015, 1:24 p.m.
When I was growing up, vacation accommodations encompassed a handful of options: a hotel or motel, camping or staying at ...

When I was growing up, vacation accommodations encompassed a handful of options: a hotel or motel, camping or staying at a friend or relative’s house.

Over the past decade or so, the concept of staying in someone’s home has exploded into one of the most successful aspects of the travel industry—vacation rentals. With the advent of the Internet, social media and an increasing number of vacation rental-related cable travel shows, one can find literally any type of vacation rental property. From a great place for a family reunion to offbeat rentals for kids, a romantic getaway for two, a ski holiday or the best places to tie the knot or spend your honeymoon, you can find something to suit your particular needs, desires and budget.

The benefits of choosing a vacation rental over a hotel room are numerous. First and foremost, industry experts say you can find a rental in popular destinations priced at 50 to 80 percent less per square foot than the average hotel room. Other benefits include the convenience of a kitchen for preparing and enjoying meals (and without the added expense of eating out your entire vacation), roomy bedrooms and bathrooms, a laundry room, large gathering spaces, a pool and/or hot tub and places that accept pets.

As you might imagine, there are a plethora of companies that specialize in providing you with those resources at the click of a button, each possessing their own distinctive areas of expertise.

Homeaway

Billed as the world’s leading vacation rental marketplace, HomeAway, founded 11 years ago, has a tagline that reads like one of singer Marvin Gaye’s greatest hits: “Let’s stay together.” The company features over 1 million listings in 190 countries, including some they refer to as their favorite “drool-worthy properties” in Barbados, South Africa, England, the Maldives and Thailand, just to name a few.

Airbnb

Whether looking to rent an apartment for one night, a houseboat for a week or a beach house for a month, Airbnb has something for you. Founded in 2008, the company has accommodation listings in more than 34,000 cities around the world and boasts more than 25,000,000 guest stays to date. The website even features their own special Airbnb picks, such as the “Best of Bali,” “Modern European villas,” “Boats on Land,” “Underground Homes” and “Horse Ranches,” among others.

FlipKey

Featuring close to 300,000 vacation homes located in over 11,000 cities around the world, FlipKey is the vacation rental entity of the TripAdvisor Media Group. Reportedly possessing the largest collection of authentic guest reviews and photos in the travel industry, they also offer over 5,000 daily special deals on their website.

Tripping

Want to have someone do the search work for you? Then choose Tripping, billed as the world’s largest search engine for vacation rentals. The site, which features over 2.5 million rentals ranging in 100,000 destinations worldwide, helps vacation seekers save time and money by comparing properties from the world’s top rental sites. Their offerings range from tropical bungalows to modern city apartments, oceanfront mansions and everything in between.