Luxury Travel Demand Soaring
Luxury vacation demand is soaring according to Josh McLean, owner of Five Star Beach Properties in Destin, Florida. A recent spike in activity has his clients overly excited about things to come over the next 5 years. “This year has started off incredibly well. Our early bookings are currently up 92% over 2011. I accredit that to several different factors starting with a healing economy. Many people have been sitting on cash for several years now and can finally see the sun through the clouds. What better place to see that sun than on the beach in Destin?” says McLean.
Â Luxury travel has been on an uptrend for several years now starting with the hotel industry and spreading quickly to vacation rental homes. This is a large positive for the industry as a whole which struggled for several years following the real estate bubble in 2006. Experts largely agree that this trend should continue as long as there is not a double dip in the economy. With jobs numbers and corporate earnings on a steady rise the luxury travel industry should remain one of the biggest beneficiaries.
“I absolutely see this trend continuing for many years to come. The Destin real estate market is healing with inventory levels at their lowest point since 2003. That coupled with the increased demand for luxury vacations bodes well for us moving forward. Destin has the unique distinction of being the number one drive-to destination in the United States as it is in close proximity to so many large cities around the Southeast. You just can’t take that away.” says McLean.
About Five Star Beach PropertiesFive Star Beach Properties is a luxury vacation rental company located in Destin, Florida. Visit www.FiveStarGulfRentals.com to see the beautiful vacation rentals that Five Star Beach Properties has to offer. Call 800-208-2324 to reserve your dream vacation today.
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