Website: Cape Cod and islands summer vacation bookings strong

THE 2015 CAPE COD and the islands vacation rental booking season is starting strong, according to WeNeedaVacation.com.
THE 2015 CAPE COD and the islands vacation rental booking season is starting strong, according to WeNeedaVacation.com.

The 2015 Cape Cod and the islands vacation rental booking season is starting strong, according to WeNeedaVacation.com, which is reporting significant increases for early vacation home bookings compared with the same period last year.
The website, which lists rentals on Cape Cod, Martha’s Vineyard and Nantucket, said the trend reflects recent positive national economic reports.
During the “high season summer weeks,” the website said bookings rose 8 percent on Cape Cod, 22.4 percent on Martha’s Vineyard and 11.9 percent on Nantucket. Spring and fall bookings also have increased – a 46.4 percent increase for spring, and 33.8 percent for fall.
“Booking trends vary from year to year,” Jeff Talmadge, co-owner of WeNeedaVacation.com, “sometimes starting slow and picking up speed as the actual rental season approaches, and sometimes maintaining a more consistent rate from early booking times to late. This year, things are clearly off to a running start.”
Although he said bookings are strong across all segments, smaller or more modest homes this year are reporting the most “robust booking gains.” Those homes are usually the hardest hit in difficult times, so the growth in that segment shows improving financial strength at the lower end of the national economy, he said.
Homeowners also have raised their weekly prices this year 2 percent on the Cape, 2.1 percent on Martha’s Vineyard and 5 percent on Nantucket.
“Although it’s too early to predict how robust vacation rental bookings will emerge by the end of the year, the season is certainly starting out strong. This indicates that vacationers are feeling financially confident and are anxious to reserve their ideal vacation homes as soon as possible. Early bookings are advantageous to homeowners, of course, as they are much more likely to get their initial asking price than in later bookings which might require some discounting,” the website states.

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