Owning private holiday accommodation is always a very up and down affair for landlords, but with the current state of the economy, you might be forgiven for thinking that landlords in this sector would be experiencing a sharp downturn in business. However, rather surprisingly, recent figures released from a travel accommodation website have indicated that there has been a steady rise in the number of people looking for private rented holiday accommodation in the UK.
In part, this is easily explainable. With money so tight at the moment, I, like many others, have forgone the expensive package holidays abroad to sunny climates in favour of a cheaper holiday in the UK, and because hotels are expensive and I loathe caravans with a passion, I tend to book holiday rental homes for my annual family break as this is invariably the cheapest way.
There has also been a rise in the number of visitors from abroad over the last few years, particularly from the US and Europe. However, although the increase in visitors is boosting the holiday rental economy, figures show that the average spend per visit has fallen, which suggests that visitors are trying to make savings where possible.
So the upshot of this piece of news is that holiday rental landlords can safely look forward to a rise in their business in the coming months, but for those at the higher end of the market with very expensive properties to let, business might not be quite as rosy with the cost of holiday accommodation becoming the “deal breaker” for many families.
