With Labor Day just around the corner , many sunseekers are likely to be racing to book short-term rentals.
That’s because, judging by a recent spike in demand for vacation rentals in coastal areas of the U.S., anticipation is high that travelers will be seeking one last summer getaway.
July demand for short-term rentals climbed to a record 26.4 million nights, up 3.6% compared with a year ago, according to the latest available figures from AirDNA , a firm that compiles and analyzes Vrbo and Airbnb data.
Even economic uncertainty, weak employment numbers, and persistent affordability challenges could not stop Americans from indulging in travel in July—that despite the average daily rate climbing nearly 6.9% year over year, to just over $351.
“Summer vacation is usually like the