DORSET was the top-earning region for holiday homes in 2021, a holiday lets company has said.
Based on the average income figures for a four-bedroom holiday let, holiday home owners in Dorset earned £36,000 last year – up 50 per cent from 2019, according to new figures published by Sykes Holiday Cottages.
It follows an uplift in demand for UK holiday ‘staycation’ accommodation throughout the pandemic.
Meanwhile the nationwide average income for holiday let owners in 2021 was £28,000 – up 33 per cent from 2019.
Last year, bookings to Sykes’ holiday accommodation throughout Dorset increased, with many Brits shunning foreign holidays due to travel restrictions and ongoing uncertainty.
The Cotswolds and Peak District took second and third place, with holiday home owners earning on average £35,000 and £34,000 in 2021, respectively. Devon and Somerset rounded out the top five.
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Bev Dumbleton, chief operating officer at Sykes Holiday Cottages, said: “2021 was certainly the year of the staycation and we saw the strong demand for accommodation across Dorset culminate in record bookings and a significant boost in average yearly income for our owners.
“With the interest in holidays closer to home likely to remain a fixture for years to come, those considering investing in a holiday home in 2022 could see great success – particularly if they choose a location like Dorset which has proven fruitful for those already in the market.
Top-earning regions for holiday homes in 2021 – based on the average annual income of a four-bedroom property, as the median property size.
- Dorset – £35,864
- The Cotswolds – £35,027
- Peak District – £33,833
- Devon – £33,071
- Somerset – £32,708
Regions with the highest occupancy rates in 2021:
- Cumbria & the Lake District – 80.2%
- Northumberland – 80.1%
- Peak District – 78.6%
- Southern Scotland – 78.6%
- North York Moors – 78.4%
BY ELLIE MASLIN
Source: Dorset Echo
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