Feb

LATEST: Summer BOOM ahead for short-lets landlords as staycation trend sticks

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UK holiday let landlords are bracing themselves for another bumper summer as bookings for staycations continue to surpass pre-pandemic levels.

According to leading lettings platform Sykes Holiday Cottages, bookings are already up 22% this year compared with the same time in 2020, while it has seen a 158% increase compared to last year.

Homes in Whitby, Ambleside and Bowness-on-Windermere have attracted the largest number of bookings for 2022.

Dorset, the Cotswolds, the Peak District, Devon and Somerset were the top earning locations for holiday homeowners last year, who earned an average of £28,000 per property, compared with almost £21,000 in 2019 – a figure that is set to rise again as bookings and occupancy soars.

Stuck on staycations

In another survey of 1,000 holidaymakers, Sykes found that 55% of Brits say they will opt for UK staycations even when all international travel restrictions have been lifted; almost half (46%) say limiting their environmental impact is a key consideration when choosing a UK break over foreign travel.

Graham Donoghue, CEO at Sykes Holiday Cottages, says bookings are already coming in for autumn and winter thick and fast.

He adds: “With the trend for staycations going nowhere, the attractiveness of holiday letting as an investment opportunity continues to go from strength to strength.

“We’ve witnessed a strong pipeline of enquiries in recent months from those new to holiday letting or wanting to rent out a second home as many look to reap the financial rewards on offer.”

View Full Article: LATEST: Summer BOOM ahead for short-lets landlords as staycation trend sticks