RedAwning Nashville Market Report Reveals Rapid Demand Growth For Alternative Accommodations and Other Surprising Acceleration Trends
New In-Depth Report Shows Nashville’s Central Business District (CBD) is Seeing Record Growth as Downtown Developments Burgeon
EMERYVILLE, CA – (June 25, 2019) — 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.
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.
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