The Cotswolds Named UK’s Most Profitable Holiday Lets

Sykes Holiday Cottages report reveals The Cotswolds as most profitable holiday lets in the UK. Find out why!

The Cotswolds has emerged as the most profitable holiday lets in the UK, according to a recent report by Sykes Holiday Cottages. The region boasts an average annual income of £28,500, surpassing the national average of £24,500 and overtaking Cumbria and the Lake District, which previously held the top spot with £28,200. Dorset and Cornwall closely follow behind with £27,000 and £26,500 respectively, while other popular holiday destinations such as the Peak District and the Scottish Highlands and surrounding islands also make it to the top ten with earnings of £26,500 and £25,100.

The trend of staycations has been on the rise over the past decade, leading to a surge in demand for UK holiday cottages. This increased demand has resulted in higher average annual incomes for holiday let owners. Despite the challenges faced by the industry in the past year, holiday letting continues to be a profitable and rewarding long-term business model. The nation's enthusiasm for domestic holidays and exploring the beauty of the UK remains unwavering.

The Cotswolds has particularly thrived in the past year, securing the top spot for earnings nationwide. Northumberland and East Anglia have also made significant strides, moving from 19th and 18th positions to 7th and 8th in the annual ranking by Sykes, with earnings of £25,000 and £24,900 respectively.

The UK holiday let market continues to show resilience and promise, with certain regions outperforming others in terms of earnings. The appeal of staycations and exploring the diverse landscapes of the UK remains strong, indicating a bright future for the holiday let industry.