2 Vacation Property Managers in Driggs, ID, USA

About the Driggs Short-Term Rental Market

Driggs, Idaho is a picturesque mountain town located in the heart of Teton Valley, just a short drive from the world-renowned Grand Teton and Yellowstone National Parks. With its stunning natural beauty, abundance of outdoor recreation opportunities, and charming small-town atmosphere, Driggs has become an increasingly popular destination for short-term vacation rentals.

The Driggs short-term rental market has seen significant growth in recent years, driven by the area's rising popularity as a tourist destination. According to data from AirDNA, a leading provider of vacation rental market intelligence, the number of active short-term rental listings in Driggs has increased by over 30% in the past 3 years, with the majority of these listings being entire home/apartment rentals.

Performance Benchmarks for Driggs Vacation Rental Managers

The performance of vacation rental properties in Driggs is generally strong, with high occupancy rates and revenue per available room (RevPAR) compared to other mountain resort destinations. AirDNA data shows that the average occupancy rate for Driggs vacation rentals is around 65%, with an average daily rate (ADR) of $300 and a RevPAR of $195.

On the popular vacation rental platforms VRBO and Airbnb, Driggs properties also perform well. According to Comparent's market overview, the average Driggs listing on VRBO has a 4.8-star rating and over 50 reviews, while the average Airbnb listing has a 4.9-star rating and 40 reviews. These high ratings and review counts indicate that guests are consistently satisfied with the quality and experience of Driggs vacation rentals.

(See the Driggs Market Overview section for more detailed performance data and benchmarks for the local vacation rental market.)

How Competitive is the Driggs Property Management Market?

The Driggs property management market is highly competitive, with a number of established players vying for a share of the growing short-term rental market. Some of the key players in the Driggs rental management space include:

• Teton Valley Property Management: One of the most prominent and experienced property management firms in the Driggs area, offering a full suite of services including vacation rental management, long-term rentals, and property inspections.
• Wydaho Properties: A local property management company that specializes in vacation rentals and has a strong presence in the Driggs and surrounding Teton Valley region.
• Driggs Property Management Inc.: A well-respected property management firm that has been serving the Driggs community for over a decade, with expertise in both residential and commercial properties.
• Awning: A technology-driven property management company that has expanded into the Driggs market, offering a range of services including dynamic pricing, digital marketing, and 24/7 guest support.

These and other local property management companies compete aggressively for a share of the Driggs short-term rental market, offering a variety of services and amenities to attract both property owners and guests. The high level of competition in this market underscores the significant demand and growth potential for vacation rentals in the Driggs area.