Holiday lets set to soar as searches for summer staycations rise 129%

With the hopes of jetting off abroad to sunnier climes this summer looking increasingly bleak, new data released by holiday home rental agency, Sykes Holiday Cottages, reveals the impact this is having on the holiday let sector.

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Property Reporter
4th February 2021
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According to their data, last week searches on their website for UK holidays in July and August were up 129% year-on-year, surpassing pre-pandemic levels this time last year.

Similarly, bookings were up 126% year-on-year last week for the summer period, with confidence in a summer getaway clearly returning as more Brits than ever look to take a staycation this summer.

In particular, Britons are dreaming of staycations in Devon, Cornwall and Cumbria, with these three locations witnessing the greatest growth in bookings for summer 2021.

Graham Donoghue, CEO at Sykes Holiday Cottages, said: “We’ve seen a significant increase in bookings for later this year, showing that confidence is returning and just how eager we all are to take a much-needed break away this year.

“With millions more Brits now choosing to forgo foreign holidays in favour of UK breaks, not only is it a huge boost for the UK economy, but it is also adding to the attractiveness of holiday letting as an investment opportunity.

“We’ve witnessed a strong pipeline of enquiries in recent months from those who are new to holiday letting or wanting to rent out their second home to make the most of this staycation boom in Britain. Offering an average income of £21,000 per year, the revenue opportunities in the years ahead could be substantial.”

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