Your chance to share in the British holiday boom; With British tourism already experiencing higher numbers of visitors than it has seen for decades, now could be the right time to profit from an industry on the rise says Annie Roberts.
Holidaying within the UK will be the answer for 25 per cent of adults in Britain this year (according to travel insurer LV), many who are feeling the pinch from the recession yet reluctant to forgo their summer vacations to which they have become accustomed.
The overseas holiday industry has been hit hard this year with the financial costs of a trip abroad and often unfavourable exchange rates are a concern for many wouldbe travellers.
Over the recent Easter period, usually a popular time for short breaks abroad, UK holiday destinations such as Devon and Cornwall welcomed a bumper 300,000 visitors who in turn generated some pounds 125 million in tourism revenue according to South West Tourism.
Confidence in the domestic holiday market is high with the chief executive of the British Hospitality Association, Bob Cotton, urging businesses to invest now in additional staff, services and amenities in order to meet the anticipated tourist demand over the coming summer months.
He said: "I have never seen business change so dramatically in the 40 years I've been in the industry which is why it is so important to respond to it. The only way you'll benefit from those changes is by continuing to invest in your people and continue to invest in your product." This opinion is echoed by the British Holiday & Home Parks Association who suggest that holiday park accommodation, which includes caravan holiday homes, tents, touring caravans, motor homes, chalets and timber lodges and accounts for some 20.5 million trips every year, could comprise a higher proportion of holiday bed-nights spent in the UK if demand was able to be fulfilled at all times.
Holiday parks have developed considerably since their creation in the 1950[sup.3]s; no longer [sup.3]Hi-Di-Hi[sup.3] in style, today[sup.3]s 4000 holiday parks offer a variety of high quality accommodation in sought-after locations with on site amenities and a host of activities for all the family to enjoy. Devon is a hotspot for holiday parks with around 190 generating an annual tourism spend of about pounds 255 million.
Mullacott Park is an example of a log cabin 4 star holiday park located in North Devon, between the coastal villages of Ilfracombe and Woolacombe, with its award winning beach.
Log cabins at Mullacott Park are available to hire but also to own or invest in, an option which is seeing increased interest especially from middle England. Lodges at the Park can be purchased from just pounds 104,950, with 75 per cent loan to value mortgages available and six weeks personal usage. The guaranteed rental income of up to eight per cent is proving attractive too, especially when compared to the average rental yield of a buy to let property in the UK being just over six per cent (Paragon Mortgages March 2009)..
Steve Worboys, MD of second home specialists Experience International, said: "Over the past few decades we have seen the demand for the ownership of second holiday homes increase dramatically with overseas locations such as Spain and France attracting buyers due to affordability.
"Today however it is now possible to purchase a cost effective second property here in the UK in beautiful locations such as North Devon.
"Buyers can take advantage of the familiar buying process, finance being available, guaranteed rental returns and ease of accessibility.
Lodge style homes really are ideal for couples or families, short breaks or long term holidays." For more information about purchasing a property in North Devon and Mullacott Park please contact Experience International on 0207 321 5858 or visit www.experience-international.com" I have never seen business change so dramatically in the 40 years I've been in the industry which is why it is so important to respond to it "
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|Publication:||The Birmingham Post (England)|
|Date:||May 8, 2009|
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