- My Holiday Guide Resources
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š Resources for Maintaining Cleaning Standards
And a roundup of the latest news on FHL allowances
Phil Jackson
August 10, 2024
š Hi and welcome to this weeks newsletter. During these āļø summer weeks I want to provide you with informative updates that enable you to keep track of the latest news and tips; whilst not over burdening you with information during peak season š.
See you next Saturday at 5pm?
Phil
Founder, My Holiday Guide
IN THE NEWS
Abolishment of FHL Allowances
Ahead of a meeting with the Treasury on the 19th, PASC and the ASSC are creating a fresh body of evidence against the abolishment of FHL tax allowances. They and others are not confident about overturning the decision so the lobbying is more about seeking concessions based upon some of the impacts the changes will have.
If you havenāt done so already, joining your relevant trade association is a good way of supporting their work in representing FHL owners to government and other parties.
In my efforts to help all gain clarity of the proposed changes I found this article by Zena Hanks from accountants and tax consultants Saffery that describes the current capital allowances and what is likely to change from April 2025.
Statutory Registration Scheme
As mentioned in last weeks newsletter, DCMS asked owners to pause contacting them regarding providing input into the proposed registration scheme.
They have now setup a Google form and they are particularly interested to hear from property managers, owners who manage multiple properties or owners who have recently embarked on short-term letting.
Airbnb Hint At Relaunching Experiences
Following our comment in last weeks newsletter, in their Q2 2024 earnings call, Airbnb CEO Brian Chesky hinted at the company reigniting itās experiences programme such as tours that are offered by hosts and local guides.
Expedia group (the parent group of VRBO, Hotels dot com, Expedia and other brands) has released their latest financial results for April to June.
Of interest :
Lodging gross bookings were $20.7 billion, an increase of 8% compared to 2023
Room nights growth accelerated to +10% with Brand Expedia at nearly 20% growth
Total room nights grew at the fastest rate since the first quarter of 2023
Despite the positive growth in bookings, Ariane Gorin, CEO of Expedia Group said āOur second quarter results came in at the high end of our expectations, with gross bookings and revenue growing 6%. We're pleased with our momentum and the sequential improvement in our consumer brands. However, in July, we have seen a more challenging macro environment and a softening in travel demand. We are therefore adjusting our expectations for the rest of the yearā
Marsden Building Society has unveiled three new fee-free furnished holiday let (FHL) mortgages, with rates starting from 5.35%.
LISTING PERFORMANCE & GROWTH
Tips and strategies to enhance the visibility and attractiveness of your holiday let.
Maintaining Cleaning Standards
In a recent poll, hosts were asked what their biggest challenge was, and maintaining cleaning standards came out as top of the list.
Alongside this, finding a reliable cleaner and finding reliable maintenance services were also high on hosts lists of challenges.
If these resonate with you I have pulled together a quick article that provides some useful resources that might help you tackle these challenges.
SAVINGS
Here's a quick round up of discounts and deals we are aware of from providers to the holiday let industry.
Rinkit have up to 90% off garden items in their current sale
Habitat have up to 25% off in their current sale
Mitre linen have up to 50% off some of their bestsellers
Dunelm have 10% off when you purchase a bed and mattress
Ethical Bedding have up to 40% off in their summer sale
Hotel Contract Beds have 5% off with the code HCB5
