A popular vacation area on the East coast of the U.S. is the Outer Banks, which is a series of barrier islands off the coast of North Carolina. The Outer Banks is made up of several towns and villages, including Kitty Hawk, where the Wright brothers famously made their first flight and set the stage for modern aviation.
There’s a strong tradition in OBX of generations of families visiting the same spot summer after summer, often renting the same vacation house.
But in the past few years, disruptive home-sharing platforms like Airbnb and HomeAway have been making gains.
In May, AirDNA’s Director of Business Development, Kellen Kruse, presented an overview of vacation rentals in Dare County, during the annual Outer Banks Tourism Summit.
This blog post provides highlights of Kellen’s presentation. You can download the full report (including a deep dive into Dare County’s largest vacation rental town, Nags Head) by submitting the form below:
Download the Full Outer Banks Market Overview
Airbnb and HomeAway Growth Outpaced the Global Rate
Over the past two years, vacation rental listings across the Outer Banks have grown 224%, well ahead of the average global rate of 140%.