Modern-day tourism sprung into life in the 17th century. By the 1900s, the advancement of the train allowed more people to explore new lands for fun. Airlines at the end of the 20th century added to the blossoming trend of leisure traveling.
Despite its peak in 2020, the industry suffered a significant setback. Transport was grounded, and accommodation was put to a halt by governments.
COVID-19 wreaked havoc on the market. But how did the pandemic create the revenge travel craze, and what is it?
Read on to find out!
The Origins of Revenge Travel
As the light began to shine from the bottom of a bottomless tunnel, excitement began to arrive for travel. Nations made efforts to get the industry up and running. Key factors were the easing of restrictions and the launch of the vaccination.
While regulations were still in place, eagerly waiting tourists began their mission to plan a vacation. Airlines, vacation properties, attractions, and eateries in Anne Arundel have all seen a surge in bookings.
Due to growing demand, the media coined revenge travel in 2021. From here, travel as we know it shifted its priorities to this latest sensation.
What Is Revegnge Travel?
In 2019, around 1.46 billion people explored the world. From 2020-2021, all those people were affected and plotting revenge.
Rising from the travel industry's ashes came revenge travel. The term refers to vengeance against the regulations that prevent people from traveling.
Back in 2022, people's priorities shifted focus. Once upon a time, people would book a convenient or budget-friendly trip. However, the revenge travel trend is different.
More people are ticking off regions and experiences on their travel bucket list. Iconic cities like Rome or experiences like Machu Pichue are sought after more than in the past.
The Benefits of Revenge Travel
John F. Kennedy popularized "Light at the End of the Tunnel." It may have felt like a plunging pit for many of you, with vacation properties wishing to attract guests. Luckily, the wheel has turned, and fortunes are in your favor.
1. Longer Stays
Studies show that one in three people want to take extended vacations. What may have been a two-night break has turned into almost a week to experience their bucket list.
Longer stays lead to increased bookings if you own a rental home. More so, it improves the occupancy rate year-round.
2. Increase in Demand
The UN Agency for Tourism stated that 900 million people took a trip abroad in 2022.
On the surface, it may seem like the industry is losing popularity. However, 2023 is the first year without restriction. Experts predict record-breaking numbers in 2024.
An increase in demand means you can set premium rates for your rental.
3. Positive Impact on Property Values
As tourism grows, the attractiveness and things to do in Annapolis increase the value of the location. This can lead to an appreciation of property values. In return, it can benefit you if you decide to sell.
Use Revenge Travel in Annapolis, Maryland, to Your Advantage
Revenge travel focuses on tourists. It allows people the freedom to explore and witness some breathing wonders of the world.
However, vacation rental owners also benefit from the latest trend. You can generate significant income and put your property on the tourist map.
Prepare for tourists and uncover short-term rental management with PMI Annapolis!
