There is good news for holiday let owners on the Isle of Wight as the post-pandemic holiday boom is set to remain in 2024, with the Island ranked the 5th best place to visit according to Sykes Holiday Cottages. That’s according to new research from the holiday cottage company which reveals that 3 in 10 (30%) UK adults won’t be holidaying abroad over the next year as the cost-of-living crisis continues to stretch household finances. Concerns for the environment (18%) and foreign conflict (17%) also appear to be putting Brits off jetting abroad, with many instead choosing to discover what lies closer to home. Sykes’ booking data separately shows that the cost-of-living crisis is impacting how people travel in the UK, with the holiday let agency witnessing a significant increase in the volume of late bookings and short breaks in 2024. When it comes to destinations, Cornwall tops the wish list as the number one location people plan to visit, while those with holiday lets in regions such as the Scottish Highlands and Devon are continuing to attract more visitors. Ben Edgar Spier, Head of Regulation and Policy at Sykes Holiday Cottages, has said:
“New, tighter regulations for holiday let owners in parts of the UK have resulted in some uncertainty and an undeniably trickier period for them, but positively our latest research and bookings data shows that owners are in for a busy year ahead. “From council tax premiums in certain areas of Wales, to introducing a different licensing scheme in each council area of Scotland, the regulations have posed lots of questions and confusion for owners, but at Sykes Holiday Cottages we are here to offer the guidance and support they need. “We will continue to engage with Government this year to contribute our insight and experience and showcase the enormous value our sector generates, while also guiding our owners through any changes.”
Not good news for renters evicted from homes so landlords can make more through holiday lets.
Particularly those that offer 135 days per annum get put into business rates,& pay nothing to the council.
Concerns for the environment (18%) and foreign conflict (17%) also appear to be putting Brits off jetting abroad,utter bollocks..
If people are strapped for cash they will not come here, much cheaper to go abroad these days.
Lot off tourists last year said they won’t be back cause hardly any tourism left and cost off boats is silly now