2 Vacation Property Managers in Saratoga Springs, NY, USA

About the Saratoga Springs Short-Term Rental Market

Saratoga Springs, New York is a highly sought-after vacation destination, known for its rich history, vibrant culture, and abundance of natural attractions. The city's picturesque setting, with its famous mineral springs and historic Victorian architecture, draws visitors from all over the world. The peak season for tourism and vacation rentals in Saratoga Springs is during the summer months (June to August), when the city hosts numerous events and festivals. The city also sees a significant boost in tourism during the spring racing season (July to September), when the renowned Saratoga Race Course is in full swing.

Performance Benchmarks for Saratoga Springs Vacation Rental Managers

The Saratoga Springs vacation rental market is highly competitive, with both Airbnb and VRBO listings vying for a share of the market. According to industry data, Airbnb properties in Saratoga Springs typically achieve occupancy rates of around 70% during the peak season, with average daily rates (ADRs) ranging from $200 to $400 per night. VRBO listings in the area tend to have slightly lower occupancy rates, but higher ADRs, often reaching $300 to $500 per night. This translates to strong revenue potential for vacation rental managers in the Saratoga Springs market. (For more detailed market information, please refer to the Market Overview section.)

How Competitive is the Saratoga Springs Property Management Market?

The Saratoga Springs vacation rental management market is highly competitive, with a mix of local and national companies vying for a share of the market. Managing vacation rentals in Saratoga Springs can be challenging due to the strict regulations, seasonal fluctuations in demand, and the need to maintain a high standard of cleanliness and comfort for guests. Effective vacation rental management in Saratoga Springs requires a deep understanding of the local market, as well as the ability to navigate the complex regulatory environment and provide exceptional customer service to both property owners and guests.

Key Players in the Saratoga Springs Rental Market

Some of the key players in the Saratoga Springs vacation rental management market include Awning, Saratoga Stays, and Drifter Stays. Awning is a national vacation rental management company that offers full-service property management, including marketing, booking management, and maintenance services. Saratoga Stays is a local company that specializes in managing vacation rentals in the Saratoga Springs area, with a focus on providing personalized service to both property owners and guests. Drifter Stays is another local short-term rental management company that manages properties in Saratoga Springs, Lake George, and the Adirondacks.