The ongoing effects of Covid-19 and the limited number of holiday destinations on the “green list” means Brits are likely to spend this summer on home turf and enjoy a staycation. In fact, 80% of all Portico Host bookings are for Airbnb properties in the capital.
The news that staycations would be allowed earlier this year has created a surge in short holiday let bookings for the UK travel industry, as well as a serious incentive for those considering Airbnbing their homes. According to Airbnb's newly released report, Travel and Living in May 2021, domestic bookings went up from 50% in January 2020 to 80% in 2021.
What are the current guidelines?
The current guidelines state that you may stay overnight in holiday accommodation in groups of up to six or larger groups if everyone present is from two households (each household can include a support bubble, if eligible) unless a legal exemption applies. Current guidance for overnight stays can be found on the government website here and we expect further easing of the rules on July 19th.
Head of Portico Host, Martin Coppens believes the vaccination roll out has helped dissipate some of the uncertainty for booking UK holiday stays and people are now more confident to book Airbnbs for the summer. He states; ‘Portico Host are expecting at least 80% occupancy in July and August as well as an increase in rates by 20-30%’.
People are also booking longer stays compared to the last few years. Martin continues; ‘Compared to 2019 , we are seeing the average length of stay almost double, now close to 8-9 days as opposed to 4-5 days in 2019.’ He also states that not everyone is booking Airbnbs now for holiday purposes alone. He states; ‘The type of guest has also changed with professionals working remotely, people buying properties needing to stay in an Airbnb whilst house sales go through and families staying for longer to see relatives that they have not seen due to travel restrictions.’
Is it time to consider Airbnbing your home?
The prospect of Airbnbing your home out can be daunting, but you don’t have to manage it alone. Here at Portico, we offer a premium Airbnb management service, supported by Airbnb as part of their professional co-host programme called Portico Host. We provide professional cleaning and linen services, property management and full account management of your listing.
In order to ensure that your property is in safe hands, the Portico Host Account Managers communicate with the guests before and during their stay. We offer three unique packages ranging from our essential package to our comprehensive plus package, where you can essentially just give us the keys and leave everything with us! You can find out more about our Host packages here.
Properties in greener Greater London area such as Chigwell and Woodford are also not restricted by the 90-day London short let rulewhereby you can only let your property for either 90 consecutive days or 90days spread through the year.
With lockdown rules and social distancing slowly lifting, we expect the summer months to be busy for the UK Airbnb market. If you are considering holidaying elsewhere this summer or escaping the capital for a short period of time, why not earn some extra income and short let your property? Find out how much you could earn by becoming an Airbnb here.