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Beach Haven, New Jersey is a popular vacation destination located on Long Beach Island, known for its beautiful beaches, charming coastal town, and vibrant summer season. The short-term rental market in Beach Haven has seen steady growth in recent years, as more travelers seek out private vacation homes and condos over traditional hotel accommodations.
The Beach Haven vacation rental market is highly seasonal, with the peak summer months of June through August accounting for the majority of annual bookings and revenue. However, the shoulder seasons of spring and fall have also become increasingly popular, as travelers look to escape the crowds and enjoy milder weather. The rise of remote work and flexible schedules has also contributed to an increase in year-round bookings, as visitors can now extend their stays beyond the traditional week-long summer vacation.
According to data from AirDNA, the leading provider of short-term rental market intelligence, the Beach Haven vacation rental market has seen strong performance in recent years. In 2023, the market boasted an average occupancy rate of 61%, up 5% from the previous year. The average daily rate (ADR) for Beach Haven rentals was $793.20, a 3% increase year-over-year, resulting in a revenue per available rental (RevPAR) of $486.40, a 6% increase.
Compared to the overall New Jersey short-term rental market, Beach Haven has outperformed in several key metrics. The market's occupancy rate is 4 percentage points higher than the state average, while its ADR is 8% higher. This suggests that Beach Haven is a highly desirable destination for vacation rentals, with strong demand and the ability to command premium rates. For more detailed market performance data, please refer to the Market Overview section.
The Beach Haven vacation rental market is highly competitive, with a large number of property management companies vying for a share of the lucrative summer season. The market is characterized by a mix of local, independent operators and larger, more established management firms with a regional or national presence.
One of the key barriers to entry in the Beach Haven market is the limited supply of available properties. Many of the best-performing vacation rentals are owned by long-term investors or second-home owners who have established relationships with trusted management companies. This can make it challenging for new players to break into the market and build a sizable portfolio of properties.
However, the market also presents opportunities for property management companies that can differentiate themselves through superior service, marketing, and revenue management strategies. Vacation rental guests in Beach Haven are often willing to pay a premium for a seamless, high-quality experience, creating an opening for companies that can deliver on this promise.
The Beach Haven vacation rental market is dominated by a few key players, including:
Beach Haven Stays - A leading property management company in the area, Beach Haven Stays offers a wide range of vacation rentals, from luxury beach homes to cozy condos. The company is known for its personalized service, professional property management, and strong marketing capabilities.
Emerald Coast by Owner - A full-service vacation rental management company serving the Beach Haven and surrounding areas. Emerald Coast by Owner specializes in managing high-end properties and providing a seamless experience for both owners and guests.
Sea Breeze Realty - A local real estate and property management firm that has been serving the Beach Haven market for over 20 years. Sea Breeze Realty offers a range of services, including vacation rental management, property sales, and long-term rentals.
These companies, along with a handful of smaller, independent operators, make up the competitive landscape of the Beach Haven vacation rental market. As the demand for short-term rentals in the area continues to grow, the competition among these players is likely to intensify, driving innovation and raising the bar for guest experiences.