Are you looking for the best vacation market to invest in short-term rentals in the US? Look no further than Orlando!
Here's why:
- Orlando is the largest vacation market in the world, with over 75 million visitors annually.
- With lenient tax laws and a tax-friendly state, investing in short-term rentals in Orlando can yield huge returns.
- Orlando is home to some of the most famous and iconic attractions in the world, such as Walt Disney World, Universal Studios, and Sea World, making it a top destination for travelers.
- The area’s year-round market means there is very little seasonality, with only a few slow months like September and January.
- Orlando’s ADR continues to improve every year, and occupancy rates are averaging above 70% for full-time STR listings.
- The Kissimmee, Davenport, and South Clermont areas have communities specifically designed for short-term rentals with resort amenities that significantly improve cash flow.
- But that’s not all. Orlando’s economy is also strong, making it an even more attractive market for real estate investors.
Here are a few stats regarding Orlando's economic strength:
- Orlando is one of the top 10 American cities of the future for three years running.
- It is ranked no. 2 in the country for job growth, according to the U.S. Bureau of Labor Statistics in 2021.
- Despite being the largest vacation market, only 27% of Orlando’s GDP relies on tourism and hospitality, meaning the economy is diverse and robust.
- Orlando has entered the attraction technology market, including virtual and augmented reality, which has increased tourism and boosted economic activity in the area.
All of these factors make Orlando the clear choice for investors looking to enter the short-term rental market. With its thriving economy, year-round tourism, world-renowned attractions, and communities specifically designed for short-term rentals, investing in Orlando can yield significant returns. Don’t miss out on this opportunity!
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