Short-Term Lettings: Why The Market Boom is Set to Continue in 2023

Short-Term Lettings Market Continues to Boom

The short-term rental market has seen a number of changes over the last few years. These advancements have been brought about by platforms such as AirBnb, Booking.com, and of course our very own short-term letting platform, SkyLet. This, in conjunction with the continuous rise in the rental market post-COVID19, means that the short-term lettings market is more accessible than ever for many to rent out their properties on a short-term basis and generate fantastic returns year-round.

So, Why SkyLet and how does it work? Watch the latest in our 60 Second video series below from our Managing Director, Chris Whetstone to find out more.

 

If you would like to speak to one of our Lettings brokers for more information, please contact us here

Short-Term Rentals, A Rapidly Growing Market

The short-term rental market has become a rapidly growing market in 2022, with Airbnb alone now boasting over 100 million active users. The number of people using the platform has increased by more than 60% in the past year alone.

Bookings Increase By Over 100%

In 2022, the average number of nights per booking has increased drastically. This increase in the average number of nights booked per stay is great for consumers looking for short-term rental solutions. Not only does this mean less time searching for properties, but it also means that you’ll have more options if you need multiple nights at a particular location before moving on to your next destination or event!

However, merely posting a short-term rental property on Airbnb isn’t enough to generate bookings and profits – once you’ve got your vacation home listed the next challenge is attracting bookings to make it a viable business. At Flambard Williams, we specialise in ensuring that your property stands out from the competition, focusing on prime city centre locations where people want to be all year round.

Advantages of Using SkyLet

There are a number of advantages to using our SkyLet lettings arm, in which we detail in our video above. Some of these advantages include: 

• Tax Benefits for Holiday Lets
• Double-Digital Percentage Income
• Properties are meticulously chosen by our dedicated team, based on area, quality and price
• Smart price adjustments with our software mean that events are identified and rental prices can automatically be pushed up
• We can provide a full interior service to ensure your property is in high demand

We hope that you’ve gained a better understanding of the current state of the short-term rental market, as well as why 2022 has been such a great year for it. 

With so many opportunities available right now, we encourage our clients to consider what their own personal goals are when it comes to short-term lettings and get in touch with our SkyLet Team if you have any questions. One of our brokers will be happy to offer no-obligation advice and assistance at a time convenient to you.

Share the Post:

Related Posts

Want to be on top of the property news?

Sign up to our monthly webinar and Zoopla updates