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Nestled along the banks of the Platte River, the charming city of Littleton, Colorado has emerged as a popular destination for short-term rental travelers. With its historic downtown, abundant outdoor recreation, and proximity to the Denver metropolitan area, Littleton offers a unique blend of small-town character and big-city amenities that appeal to a wide range of visitors.
According to data from the Littleton Convention and Visitors Bureau, the city welcomed over 1.2 million overnight visitors in 2023, a 15% increase from the previous year. These visitors generated an estimated $350 million in tourism-related spending, underscoring the significant economic impact of the short-term rental market in Littleton.
Key attractions that draw visitors to Littleton include the historic downtown district, with its charming shops, galleries, and restaurants; the Littleton Museum, which offers a glimpse into the city's rich history; and the extensive network of parks and trails along the Platte River, which provide ample opportunities for hiking, biking, and outdoor recreation. The city's close proximity to Denver, as well as its easy access to the Rocky Mountains, further enhances its appeal as a vacation destination.
The Littleton short-term rental market has seen impressive growth in recent years, with vacation rental platforms like Airbnb and VRBO reporting strong performance metrics. According to data from AirDNA, the average occupancy rate for Littleton vacation rentals in 2023 was 72%, with an average daily rate of $225. This translated to an average revenue per available room (RevPAR) of $162, indicating a healthy and lucrative market for vacation rental owners and managers.
Compared to the broader Denver metropolitan area, Littleton's vacation rental market has outperformed in several key metrics. The city's average occupancy rate is 5 percentage points higher than the Denver metro average, while its average daily rate is 10% higher. This suggests that Littleton's unique charm and desirability as a vacation destination have allowed it to command premium pricing and maintain strong occupancy levels.
For property owners and managers looking to capitalize on the Littleton short-term rental market, these performance benchmarks provide valuable insights into the market's potential and the level of competition they can expect to face. (For a more detailed overview of the Littleton vacation rental market, please refer to the Market Overview section.)
The Littleton property management market is highly competitive, with a diverse array of companies offering vacation rental management services. Some of the key players in the market include:
With so many established players in the market, property owners in Littleton have a wide range of options when it comes to selecting a vacation rental management provider. However, this also means that competition for clients and properties can be fierce, and property managers must differentiate themselves through their service offerings, technology, and track record of success.
As a leading vacation rental management platform, Comparent is well-positioned to help property owners in Littleton navigate this competitive landscape and find the right management partner for their short-term rental needs. Our extensive market data, industry expertise, and curated network of top-performing vacation rental managers can provide valuable insights and guidance to help Littleton property owners maximize the potential of their investments.