Spring and Summer 2024

As the Gulf Coast gears up for the summer travel season, we at iTrip Vacations are preparing for a busy one. Following a relatively slow spring season, where bookings were less robust due in large part to an abbreviated spring break period, travelers' economic hesitations, and unpredictable weather, the summer outlook is brighter. We are witnessing the expected surge in bookings, indicating that tourists are eagerly planning their summer getaways to the sunny shores of the Gulf Coast.

Despite this positive trend, the overall destination occupancy for the summer is down approximately 10% compared to 2023 and 2022, and an additional 795 rental units have come online in our area since this time last year. This indicates a continuing trend of lowering rates across the region. Fortunately iTrip Vacations’ occupancy rates are currently outpacing the broader market.

The recent occupancy rate chart highlights our performance compared to the market. While the Gulf Coast overall saw fluctuating occupancy rates during the spring, we at iTrip Vacations maintained a significantly higher average. This reflects our effective management and the attractiveness of our offerings. As summer bookings continue to rise, we are poised to meet the increased demand, contributing positively to the Gulf Coast's tourism sector. Our performance helps to foster a competitive and vibrant market environment.