SALES NEWS: Boost expected for holiday home owners who let to tourists
Business analysts suggest there are likely to be more ‘staycations’ – Britons holidaying in this country – meaning good news for second home owners who let out to tourists.
Research from Deloitte, a business consultancy, and ABTA, the trade body for travel agents, says 76 per cent of holidays taken by Britons in recent years have been to countries using the Euro as currency. The Pound has fallen in the past few months and its mid-July level is the weakest since the Euro came into existence.
Even if the Pound recovers a little, analysts say it is highly unlikely it will return to its previous level. This makes the prospect of holidaying in Britain more appealing, both for British families and for foreign tourists realising this is now an inexpensive option.
VisitBritain, the tourist board, says this could mean a five per cent rise in tourists this year alone. That’s great news for current holiday home owners, or those considering buying one in popular tourist locations like East Devon, and who want to let out to tourists.