EMERYVILLE, Calif.,
June 25, 2019 /PRNewswire-PRWeb/ --
RedAwning.com, the world's largest network of vacation properties
today released an in-depth Market Report exploring alternative
accommodation trends in Nashville.
The report highlights the significant market and revenue growth in
accommodation in Nashville's
Central Business District (CBD) between 2013 and 2018, and the
synchronous surge of corporate migration to the area.
"Major corporations including Amazon have announced plans to
open corporate offices in Nashville's Business District which will be
huge for the tourism market in Nashville," said RedAwning's VP of Market
Development, Johnathan Robinson.
"This is an exciting time for Nashville Property Managers looking
to increase their market share."
According to the report, Nashville's CBD sold 2.1M nights in 2013 and by 2018 demand had
swelled to 3.2M nights, growing 55%
over the five-year period with demand for vacation rentals,
corporate housing and furnished apartments making significant
headway on that of the traditional hotel sector. The report also
brings to light recent profit opportunity for short term rental
arbitrage, despite greater Nashville short term rental ordinances.
The full report is available to download here.
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About RedAwning
RedAwning is the world's largest chain of vacation properties
offering a comprehensive layer of solutions and support with every
stay, including 24/7 guest and property manager support services,
complete marketing, distribution, and reservation management
solutions, digital solutions incorporating Google-integrated ads, a
mobile app for property managers and guests, and a full range of
additional technology and service innovations. With over 100,000
unique properties in over 10,000 destinations, RedAwning has served
over 550,000 travelers to date, and continues to expand on being
the broadest single point of access to the largest network in the
world for alternative lodging. RedAwning is the leading supplier of
vacation rentals to every major online travel booking website
including Booking.com, Expedia, HomeAway/VRBO, Flipkey/TripAdvisor,
and Airbnb. RedAwning also operates a number of exclusive vacation
property booking websites, including Perfect Places, VaycayHero,
TravelPro Rentals, and RedAwning.com.
RedAwning has been a leading innovator in the vacation rental
industry since 2010, with a mission to redefine the customer
journey for guests, hosts and managers and to drive new approaches
that make the booking experience more consistent, easier, safer and
better for all. The company is profitable, rapidly growing, and
backed by Silversmith Capital Partners.
Since 2017, RedAwning has expanded its reach and services by
acquiring Vaycayhero.com, PerfectPlaces.com, TravelProRentals.com,
Leavetown Vacations, Jetstream by Leavetown and Blizzard Internet
Marketing.
To browse the RedAwning Collection, please visit
http://www.redawning.com
To learn more about RedAwnings complete reservation and
marketing solutions visit http://www.redawninggroup.com.
SOURCE RedAwning