Living expenses are expected to remain on the rise after the pandemic

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Dale Anderson, Managing Director of Fabrik Invest, commented: “There is an exciting long term future for UK vacation rentals. The current boom in staycations has brought attention to this type of investment and its benefits.

Understanding the long-term nature of investing involves a series of considerations. At The Hideaway by Liv Lodges, for example, forecasts have been based on an average occupancy of 65% throughout the year. This is a pre-Covid occupancy level; many lodge parks are currently operating at 80 percent occupancy or more. By basing income projections on pre-Covid levels, investors can be assured that long-term forecasts are realistic.

Remote work adds to the travel boom

Another factor at play is the shift to telecommuting. A survey by HR software company Personio earlier in 2021 found that only one in three UK workers returned to the office at least part-time (compared to 59% of workers surveyed in Europe). This pursuit of working from home means businesses need to find other ways to make sure their employees get online. For many, company stays will be the ideal solution.

“The longer term nature of the travel restrictions means a boom in stays not just this summer, but very likely next year as well, and potentially the year after,” Anderson said. “Even after the restrictions are lifted, we anticipate that many families will still feel reluctant to fly and therefore look to take breaks in the UK instead. Add to that those who choose not to fly for environmental reasons and those who cannot or will not have the Covid-19 vaccine, and therefore likely will not be able to fly, and the long-term outlook for the The vacation rental market here in the UK does indeed appear to be very healthy.

At the same time, data from LV = General Insurance highlighted the importance of purchasing travel insurance, even for a vacation at home.

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