5-10 years back, renting a house or a condo was infinitely cheaper than a hotel room. Most people have caught on now, so the advantage is less due to post covid rapid increase of rents. But still it is better. It is still more affordable than a hotel and absolutely more spacious
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Yes, that is definitely true. When my wife and I travel alone, we almost find it less expensive to stay in a hotel. Larger groups definitely lend themselves better to the vacation rentals we now see.