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Added 09/07/09
More travellers turn to holiday home rentals

Overseas property investment news - Fly to letAn increasing number of travellers are turning to holiday home rentals for everything from family holidays to reunions and festivals.

One of the reasons for this, according to the first edition of a new quarterly Marketplace Report from the website Holiday rentals, is because per square foot, the cost of a rental can work out up to four times cheaper than a hotel.

In the report, the company compares the cost per square foot of holiday rentals with hotels in popular cities. The report also looks at discounts and incentives being offered, popular and emerging destinations, traveller perceptions and holiday homes as investments.

Finally it reveals the celeb people would most like to holiday with is Brad Pitt and that for a personal chef Jamie Oliver beats Gordon Ramsay hands down.

Courtney Wylie, Managing Director for Holiday-Rentals, said: “So far this year, Holiday-Rentals has received over 11 million visits, an increase of around 30 percent compared to last year.

“While the travel industry in general struggles, demand for rentals is going from strength to strength as travellers realise they can rent a whole home for less per head than a hotel and stretch their budget even further by taking advantage of self-catering facilities.

“Our new report aims to provide further insight in to key trends within this massively growing sector each quarter. Moving forward in to the rest of 2009, we anticipate continued strong demand in established holiday markets, combined with a growth in supply throughout the world as increasing numbers of owners look to their property for extra income.”


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