UK holiday homeowners to rake in up to £9,500 this summer in 'trending' destinations
UK staycations are set for another summer of success amid the seemingly ever-changing traffic light restrictions overseeing international holidays. While it could mean a more costly stay for those seeking a break, property owners are likely to see a “dramatic jump” in income according to a new report.
According to the Sykes Staycation Index 2021, UK holiday lets will experience a 40 percent uplift in bookings compared with 2019.
It’s a boost that is set to benefit rental property owners who may have suffered during the previous lockdowns.
Prior to the pandemic, the average Sykes owner earned £21,000 in revenue from their holiday let, but this number is set to increase significantly in the peak summer months.
The Index reveals summer holiday let owners can expect to earn an average income of £9,500 across July and August alone, a massive 56 percent increase on the average summer income in 2019.
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