Holiday Rentals Company Reveals Q1 Statistics

Holiday rentals firm HomeAway has revealed its findings on the holiday rentals market for the first quarter of the year.

The report contained detailed statistics on the holiday rentals market and the changing behaviours of holiday renters, including the top 10 destinations with people renting their holiday property privately this summer, and a comparison of nightly rates for hotels vs private holiday properties.

The top 10 most popular destinations for private renters of holiday property in terms of bookings for this summer are:

1. London
2. Nice, Cote d'Azur
3. Barcelona
4. Playa de las Americas, Tenerife
5. Rome
6. Puerto Banus, Costa del Sol
7. Javea, Costa Blanca
8. Cornwall
9. Devon
10. Los Cristianos, Tenerife

The report also highlighted the rising popularity of Kas in Turkey having overtaken Cyprus, but did also say that the big two in Cyprus, Paphos and Protaras were still popular for the longer breask in June and September.

As the report rightly said there are few surprises in there. The prominence of UK destinations is no doubt because of the weak Pound making the UK a much more attractive destination. Then you have people looking at the likes of Barcelona, and finding them to be quite expensive hotel wise, and finding that they can afford to holiday in these kinds of places if they look to renting their holiday accommodation privately. Great news for overseas property investors.

According to their findings on hotel room rates vs rates for private holiday rentals, the latter is at least half the price of the former in all the major European cities. In Prague rental rates for private holiday rental properties are a quarter of hotel room rates, and in Lisbon, Rome and Brussels they are a third.