Good news for holiday home owners as new research from the Association of British Travel Agents shows that people taking holidays is on the up, with more British holidaymakers taking more holidays than at any point in the last 5 years. The Western Mediterranean was the most popular destination for Brits on holiday in 2017, and the domestic market also performed strongly. This is good news for holiday home owners who often let out their properties as a source of additional income. With more holidaymakers booking more holidays there is greater opportunity to fill the holiday home for longer and at better rates, increasing occupancy and revenue.
While it’s not clear if the current trend of holidaying will continue through 2018 the figures from 2017 are still encouraging for anyone who has a holiday home and is thinking about letting it out. The rise of websites that provide a platform for advertising and managing holiday home bookings mean that it’s never been easier to enter the holiday let market. By taking some nice photos of the property along with a description of all the things to see and do in the local area, it’s possible to join the millions of people who are already advertising their holiday let online, and get a slice of the pie.
Obviously there are other aspects that will need to be managed, including cleaning and tidying and making sure the property is fit for guests in between lets. It could be a good idea to create a welcome pack with all the information about the property including the manuals for any appliances, FAQ answers and details for local bars and restaurants. Another thing to check is your holiday home insurance policy to make sure that it caters for holiday lets. You can do this by looking over the policy wording or by contacting your holiday home insurer directly. Given the growth in holidaymaking in 2017, 2018 could prove a great year to be a holiday home owner
ABTA – Travel Trends Report 2018: ABTA Travel Trends Report 2018
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*The opinions and views expressed in the above articles are those of the author only and are for guidance purposes only. The authors disclaim any liability for reliance upon those opinions and would encourage readers to rely upon more than one source before making a decision based on the information.