Daytona Beach, Florida Short-Term Rental Market Overview
Visitor Profile
Daytona Beach, Florida, is a vibrant tourism hub that attracted approximately 9.9 million visitors in 2021, surpassing pre-COVID numbers from 2019. This popular destination is known for its beautiful beaches, motorsports events, and a variety of attractions that cater to diverse interests. Key demographic highlights reveal that the majority of visitors are families and couples, with a significant portion of tourists aged between 25 and 54. The primary purposes for visiting include leisure, sports, and events, contributing to the area’s robust economic impact, which is vital for local businesses and hospitality sectors.
In terms of comprehensive visitor analysis, Daytona Beach tourism statistics indicate that the area sees a mix of domestic and international travelers, with a strong representation from nearby states such as Georgia and Alabama. The average length of stay for visitors is around three to four days, with peak seasons occurring during the summer months and major events like Bike Week and the Daytona 500. These events significantly boost hotel occupancy rates, making it essential for STR operators to optimize their offerings during these high-demand periods. Additionally, the visitor demographics show a growing trend of younger travelers seeking adventure and unique experiences, which aligns with the increasing popularity of outdoor activities and local attractions. According to the tourism bureau, the economic contributions from tourism in Daytona Beach are substantial, reinforcing the importance of this sector for the local economy (https://www.news-journalonline.com/story/news/2022/05/05/daytona-beach-attracted-9-9-visitors-2021-ahead-pre-covid-2019/9626981002/). For more information on attractions and activities, visit the official tourism site (https://www.visitflorida.com/places-to-go/central-east/daytona-beach/).
Top Attractions
Daytona Beach, Florida, is a vibrant coastal city known for its stunning beaches, rich motorsport history, and a plethora of attractions that cater to all interests. Visitors can bask in the sun on the iconic Daytona Beach, explore the thrilling Daytona International Speedway, or immerse themselves in the local culture at the Museum of Arts and Sciences. With a diverse range of activities, from outdoor adventures to family-friendly experiences, Daytona Beach is a destination that promises unforgettable memories. Whether you’re looking to relax by the ocean or engage in exciting activities, Daytona Beach attractions offer something for everyone.
One of the must-visit attractions is the Daytona International Speedway, home to the famous Daytona 500. This iconic racetrack offers tours that take you behind the scenes, allowing you to experience the thrill of motorsports firsthand. For more information, visit their official site at https://www.daytonainternationalspeedway.com. Another highlight is the Museum of Arts and Sciences, which features an impressive collection of art, science exhibits, and a beautiful botanical garden. This cultural gem is perfect for families and art enthusiasts alike. Learn more at https://moas.org.
For those who enjoy the great outdoors, the Daytona Beach Boardwalk and Pier provides a lively atmosphere with shops, restaurants, and amusement rides. Strolling along the boardwalk offers stunning ocean views and a taste of local cuisine. Additionally, the nearby Ponce de Leon Inlet Lighthouse & Museum invites visitors to climb its historic tower for panoramic views of the coastline. Discover more about Daytona Beach attractions and things to do at https://www.visitflorida.com/places-to-go/central-east/daytona-beach/. For visitor information, the Daytona Beach Visitor Center is an excellent resource for planning your trip, found at https://www.daytonabeach.com/about/our-organization/visitor-information-centers/.
Regulations
Daytona Beach short-term rental regulations are essential for property owners looking to rent their homes or apartments on platforms like Airbnb and Vrbo. As of October 2023, the city requires all short-term rental operators to obtain a business tax receipt and comply with local zoning laws. Property owners must also be aware of the transient rental tax, which is currently set at 6% for state and local taxes combined. Additionally, the city enforces specific safety requirements, such as smoke detectors and fire extinguishers, to ensure guest safety. Understanding these regulations is crucial for compliance and avoiding penalties, which can include fines or the revocation of rental permits. For a comprehensive overview of the regulations, property owners should read further.
To operate a short-term rental in Daytona Beach, owners must first secure a business tax receipt from the city. This involves submitting an application and paying the associated fees. Zoning restrictions are also in place, limiting rentals in certain residential areas. Additionally, property owners are required to collect and remit the transient rental tax, which must be submitted quarterly. Safety requirements include having working smoke detectors and fire extinguishers, as well as adhering to occupancy limits. Violations of these regulations can result in fines or other penalties, making it essential for property owners to stay informed. For more information on compliance and regulations, visit the Code Compliance page (https://www.daytonabeach.gov/188/Code-Compliance) and the official Daytona Beach website (https://www.daytonabeach.gov/).
Vacation Rental Market Overview for Daytona Beach
Daytona Beach attracts visitors with its beaches and waterfront activities and urban amenities and entertainment. The short-term rental market here serves diverse traveler demographics, from business professionals to family vacationers.
This destination’s rental market offers unique opportunities for property investors, with comprehensive data revealing seasonal patterns and demand drivers.
Daytona Beach, Florida Market Performance Trends
Short-Term Rental Market Performance Analysis for Daytona Beach
The short-term rental market in Daytona Beach demonstrates dynamic pricing patterns and occupancy trends that savvy property investors and managers monitor closely. This comprehensive 12-month analysis reveals seasonal variations and revenue optimization opportunities.
Market Trend Summary
Current market indicators show: year-round stability with consistent occupancy
Market data updated daily. Professional-grade analytics trusted by thousands of property managers and real estate investors.
Daytona Beach, Florida Rental Market Insights
10-Year Market Growth
Booking Activity
- 1-3 Months:64.3% Booked
- 4-6 Months:54.3% Booked
- 7-9 Months:41.6% Booked
- 10-12 Months:11.1% Booked
Cancellation Policies
- Flexible:23.8%
- Moderate:22.3%
- Strict:49.7%
- Super Strict:49.7%
- N/A:1.1%
Minimum Stay
- 1 Day:715
- 2 Days:831
- 3 Days:397
- 4-6 Days:175
- 7-29 Days:162
- 30+ Days:69
Short-Term Rental Regulations and Booking Patterns in Daytona Beach
Daytona Beach vacation rental operators navigate specific local regulations and booking patterns that shape market dynamics. Understanding minimum stay requirements, cancellation policies, and booking windows is essential for successful property management.
Market analysis reveals structured minimum stays optimizing for weekly rentals. These insights help property managers optimize their listing strategies and maximize occupancy.
Local regulations and platform policies influence rental operations. StaySTRA provides comprehensive policy tracking and compliance insights.
Daytona Beach, Florida Rental Market Composition
Entire Place by Beds
Common Rental Amenities
Vacation Rental Property Types in Daytona Beach
The vacation rental market in Daytona Beach features a diverse mix of property types, from cozy studios to spacious family homes. Understanding the property composition helps investors identify market gaps and opportunities.
Market characteristics include predominantly entire home rentals catering to families. This distribution reflects local demand patterns and traveler preferences.
Premium amenities and guest ratings play a crucial role in rental performance, with data showing clear correlations between specific features and booking rates.
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