posted by orlandovacationhome on Dec 10
Renting a vacation villa can be tricky, especially when you are unfamiliar with the area and heavily rely on internet claims to make a selection. We focus on Orlando villa rentals, rates and comparisons as a consumer guide. While we are confident with the value that vacation homes provide in general, we are not confident that rental rates are priced efficiently based on the quality of the vacation home community.
Using our independent exclusive vacation reviews and ratings as a guide, we checked a few websites for vacation home rental rates. Here is what we found for a generic 4 bedroom/Sleeps 8 home:
* Good/Best Rated Subdivisions – The mean rate in mid season was in the $133 per night range
* Fair/Average Rated Subdivisions – The mean rate in mid season was in the $108 per night range
Using our example above, there does appear to be a 22% rate differential to move into the better communities. We checked the low season rates as well and the price differential was very similiar. However, we did find that in the peak season and holidays, pricing patterns became very erratic and it became difficult to find any correlations between community quality and rates. This would be most likely explained by the surge in demand over supply during these time periods.
While this aspect of our brief analysis might lead us to believe there is some aspect of pricing efficiency, a deeper review of the rates advertised within each community varied widely. For instance, one of the examples was at least one home advertised for $140+ per night in what we consider to be the lowest rated subdivision based on amenities, common areas and quality of homes. In fact, in that same community, rates varied 40% for roughly the same accomodations at the same time of year. This was not unusual when we pulled up vacation villas within other neighborhoods as well. As we stated from the beginning, buyer/renter beware of what is out there for your Orlando vacation. Orlando villa rates are not priced efficiently .
Again, as we stated on other posts, it pays to shop around. We hope our community ratings section will help you as a consumer make a better decision. As always, the quality of the interiors of individual homes will vary within each community, so utilize the reviews as a guide.
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September 20th, 2009 at 9:27 pm
[...] we stated in one of our posts on vacation rental rates, there is somewhat of a relationship between nightly rates and quality, but it does pay to shop [...]