Investigating Energy Consumption of Coastal Vacation Rental Homes

Abstract

In 2007, vacation rental properties in the United States accounted for more than 22% of the domestic lodging market. These properties are a unique segment of the lodging industry due to their residential design and commercial use. Coastal vacation rental properties represent the largest supply, demand and value of the nation's vacation rental supply. In the case of North Carolina's Outer Banks, tourism is the area's largest source of income, with vacation real estate agencies being the largest accommodation provider. This study uses a multiple regression analysis to investigate the energy consumption of 30 vacation rental homes on Hatteras Island. Hatteras Island's abundant supply of vacation rental homes provided a diverse sample to study energy consumption with a wide range of houses regarding size, age, and location. Since very little research has been conducted on the energy consumption of vacation rental homes, this study aims to contribute detailed information regarding the energy consumption of unique accommodation sector.