Serviced Accommodation: How to Make a Lot of Money on Airbnb and Booking.com

What exactly is Serviced Accommodation?

The idea is to take a flat or house and charge by the night, week, or month, similar to a hotel.

Both Airbnb and Booking.com are well-known websites for booking Serviced Accommodation.

People prefer the home-like experience that Serviced Accommodation provides over hotels. We prefer the conveniences and comforts of home to sterile, impersonal hotel rooms.

They are larger than a hotel room. Instead of being cooped up in one room, travellers can work, live, and relax in different areas.

It offers people extra, homey amenities that hotel rooms do not.

It is cost effective in the long run. For long-term bookings, serviced accommodation with the same standards, high-quality interiors, and amenities as hotels is less expensive than staying in a hotel, making it ideal for businesses on a tight budget.

Staycation Trends

Due to the pandemic and travel restrictions in 2020, staycation bookings skyrocketed, with Serviced Accommodation owners profiting handsomely.

The years 2021 and 2022 were then more BOOMING for Serviced Accommodation owners.

Staycation hosts on sites like Airbnb are profiting from the trend. Last year, UK Airbnb hosts earned more than £1.5 billion, £668 million of which came during the summer months.

According to Money.co.uk, Airbnb hosts earned up to 300% more during major events and peak holiday seasons in 2021, and this trend does not appear to be slowing down anytime soon.

Following announcing 2021 as “the best year in Airbnb’s history,” including a fourth-quarter revenue and net profit record, CEO Brian Chesky stated that the biggest opportunity in recruiting hosts in 2022 will be to continue to focus on signing up individual hosts.

Airbnb requires hosts because demand far outnumbers supply, and you can profit.

The opportunity to profit from this boom is real and present, and it’s time to take advantage of it!

Despite the fact that travel restrictions around the world have eased and people are feeling more confident about travelling abroad, UK Serviced Accommodation owners had another busy year.

In February, Sykes Holiday Cottages reported a 158% increase in bookings compared to this time last year.

According to the firm’s CEO, Graham Donoghue, 55% of 1,000 holidaymakers polled said they will continue to visit the UK this year.

“Bookings for our holiday lets this year are through the roof,” he continues, “proving that the staycation boom is here to stay.” With the trend of staycations showing no signs of abating, the appeal of holiday letting as an investment opportunity continues to grow. “In recent months, we’ve seen a strong pipeline of enquiries from those new to holiday letting or wanting to rent out a second home, as many look to reap the financial rewards on offer.”

More than half of British people plan to vacation at home rather than abroad in 2022, indicating a significant shift in mindset.

This is fantastic news for Serviced Accommodation owners all over the UK. They have enjoyed the staycation BOOM in recent years as a result of the uncertainties of international travel, and it appears that this trend will continue for the foreseeable future.

Serviced Accommodation is the hottest property investing strategy right now, and savvy property investors are taking advantage of it.

Find out how Luxe Property Management can help you capitalise from this lucrative opportunity – get in touch!