Daytona Beach, Florida Short-Term Rental Market Overview
Visitor Profile
Daytona Beach, Florida attracts a diverse array of visitors primarily drawn by its world-famous beaches, motorsports heritage, and lively events. Typical visitor avatars include thrill-seekers and racing enthusiasts attending iconic events like the Daytona 500 and the 24 Hours of Daytona, alongside families seeking sun-soaked days at the beach and engaging activities such as water parks and festivals. Adventure travelers looking to explore the vibrant local culture and scenic coastal landscapes also form a significant segment. These visitors often search for experiences that combine excitement and relaxation, valuing Tampa’s reputation as the ‘World’s Most Famous Beach’ and its rich racing history.
For a quintessential Daytona experience, many visitors explore attractions at the Daytona International Speedway, often regarded as the heart of the city’s racing legacy. To help your guests make the most of their trip, you can direct them to the official tourism site for more insights and planning at Visit Daytona Beach. Understanding these visitor profiles enables hosts to tailor their offerings, ensuring memorable stays that align with the energetic and diverse spirit of Daytona Beach.
Top Attractions
Daytona Beach, Florida, is renowned for its stunning 23-mile stretch of sandy shoreline that draws sun-seekers and beach lovers alike. Beyond its famous beaches, visitors can immerse themselves in the exhilarating world of motorsports at the Daytona International Speedway, home to the iconic Daytona 500. The area also boasts a vibrant arts and culture scene, with attractions such as the Museum of Arts & Sciences, and lively boardwalk activities at the Daytona Beach Boardwalk & Pier, which offers family-friendly entertainment, shops, and scenic views.
Adventure seekers will find a plethora of outdoor activities including surfing, parasailing, kayaking, and paddleboarding along the oceanfront. For those interested in local history and racing culture, track tours and tram excursions provide unique insights. With diverse attractions ranging from shopping at Ocean Walk Village to exploring the historic Daytona Beach Speedway, the city promises an exciting blend of relaxation, adrenaline-pumping activities, and cultural experiences that make it a compelling travel destination.
Regulations
Daytona Beach, Florida maintains a regulatory framework for short-term rentals (STRs) designed to balance the interests of property owners, residents, and the local tourism economy. Prospective and current hosts should anticipate a structured licensing process, adherence to zoning constraints, and compliance with occupancy, health, safety, and tax obligations. These regulations collectively aim to ensure rental operations contribute positively to the community and maintain neighborhood quality standards. Understanding these elements enables hosts to operate legally and responsibly within Daytona Beach.
Key Regulatory Considerations:
– Licensing and Permits: Hosting short-term rentals in Daytona Beach requires obtaining a business tax receipt (license) from the city, often managed through the city’s Finance or Licensing Department. This involves an application process with potential fees and must be renewed regularly, commonly on an annual basis.
– Primary Residence Requirements: Daytona Beach regulations may include stipulations about whether the rental property must be the host’s primary residence or impose limits on the number of days a property can be rented if it is not. Hosts should verify specific residency or rental duration caps applicable.
– Zoning and Location Restrictions: The permissible areas for short-term rentals are defined by zoning laws. Certain neighborhoods or zoning districts may restrict or prohibit STRs, while others allow them under specific conditions. Compliance with these zoning rules is mandatory.
– Occupancy and Safety Standards: Maximum occupancy limits are typically set based on the size and type of property. Additionally, health and safety requirements commonly mandate smoke detectors, carbon monoxide alarms, fire extinguishers, and clear emergency egress routes to protect guests.
– Tax Obligations: Hosts must collect and remit applicable transient occupancy taxes (often called hotel or tourist taxes) and possibly state sales tax. Proper registration for tax collection with local authorities is essential.
– Operational Standards and Enforcement: Regulations may govern advertising accuracy, noise limitations, parking availability, and guest behavior management. Violations carry penalties that can include fines and revocation of rental licenses.
Given the legal intricacies and frequent updates to ordinances, property owners should seek confirmation and details directly from local official sources. For the most current and legally binding information, property owners should consult the City of Daytona Beach’s Official Short-Term Rental Regulations Page.
This site provides direct access to the ordinances, application procedures, contact information for city departments, and FAQs essential for compliance and successful operation of short-term rental properties in Daytona Beach.
Daytona Beach, Florida Market Performance Trends
Daytona Beach, Florida Rental Market Insights
10-Year Market Growth
Booking Activity
- 1-3 Months:63.7% Booked
- 4-6 Months:53.6% Booked
- 7-9 Months:40.4% Booked
- 10-12 Months:13% 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
