Agency predicts strong holiday lets summer coming up

Agency predicts strong holiday lets summer coming up


Todays other news
Average UK monthly private rents increased by 7.7% in the...
Inflation slowed to 2.6% in the year to March says...
Renters’ budgets remain strong while rent levels are holding firm...
The claim comes from a company called COHO...
The trade body has its say on government welfare changes...


Bookings for staycations continue to surpass pre-pandemic levels, according to holiday home rental agency Sykes Holiday Cottages. 

The company has revealed that bookings so far this year are up 22 per cent versus the same point in 2020, while there has been a 158 per cent increase in bookings compared to the same period last year.

Similarly, bookings for the upcoming February half-term are up 27 per cent compared to February 2020.

It says the highest volume of bookings are for Whitby, Ambleside and Bowness-on-Windermere.

According to Sykes’ income data, holiday homeowners earned on average £28,000 annually per property last year, compared with almost £21,000 in 2019 – a figure that is set to rise again this year as bookings and occupancy increase.

Sykes also revealed the top earning locations for holiday home owners last year, with Dorset, the Cotswolds and the Peak District taking the top three spots, and Devon and Somerset rounding out the top five.

Meanwhile, in a survey of 1,000 holiday goers, Sykes found that 55 per cent say they will still opt for UK staycations even when international travel restrictions have lifted.

On average Britons are planning to take two staycations in the next 12 months, with almost half saying limiting their environmental impact is a key consideration when choosing a UK break over foreign travel.

Other factors for opting to holiday closer to home include the ease and convenience and getting to enjoy the outdoors.

Graham Donoghue, chief executive at Sykes Holiday Cottages, says: “Bookings for our holiday lets this year are through the roof, showing that the staycation boom is here to stay.

“While bookings for February half-term have been record-breaking, we expect Easter and summer to be no different, and bookings are already coming in for autumn and winter thick and fast.

“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.”

Share this article ...

Join the conversation: Login and have your say

Want to comment on this story? Our focus is on providing a platform for you to share your insights and views and we welcome contributions. All comments are screened using specialist software and may be reviewed by our editorial team before publication. Letting Agent Today reserves the right to edit, withhold or delete comments that violate our guidelines, including those that harass, degrade, or intimidate others. Users who post such content may be banned from commenting.
By commenting, you agree to our Commenting Terms of Use.
Recommended for you
Related Articles
Prospective short let tenants have been warned by Airbnb not...
The measures apply to Airbnb landlords and tenants worldwide...
Airbnb and Women’s Aid are launching a pilot that will...
Have you say on short lets and second homes in...
The BoE has come to a decision on interest rates...
The removal of temporary rent controls may make buy-to-let more...
The Welsh Government is backing the call for a 'compensation'...
Recommended for you
Latest Features
Average UK monthly private rents increased by 7.7% in the...
Inflation slowed to 2.6% in the year to March says...
Renters’ budgets remain strong while rent levels are holding firm...
Sponsored Content
With less than a month to go until the UK...
The UK government has implemented 16 financial sanctions rule changes...
The owners of the Rentman software application (for property Lettings...

Send to a friend

In order to send this article to a friend you must first login. Click on the button below to login or sign up.

No one likes pop-ups ...
But while you're here