👋 Welcome to this weeks newsletter. It is always a privilege to bring you helpful content and useful news updates to help you grow your holiday let business.

Now we are firmly in September, it always feels like a time to start looking forwards and mull over plans for next year. As a shameless plug, do check out our digital welcome guide that both owners and guests find value in using.

See you next Saturday at 5pm?

Phil

Founder, My Holiday Guide

IN THE NEWS

Abolition of FHL Tax Regime

A number of the UKs FHL professional associations have submitted official consultation responses to the government in response to the planned tax regime changes.

For instance you can read PASC’s response here and ASSC’s response here.

These responses help highlight the impact of the changes and urge the government to reconsider the current direction of travel.

In broad terms, it can be seen that a number of the professional organisations (such as PASC, ASSC, CLA (The Country Land and Business Association), Tourism Alliance and UK Hospitality) are all aligned.

PASC and others are pursuing further meetings with HM Treasury, with the key aim to gain at least a pause in the implementation to allow time for further consultation and time for owners to adapt to the changes.

An article providing some details of the planned changes and implications :

Other News

• Edinburgh council has been forced to backtrack on holiday let crackdown as their blanket approach to issuing 3 month suspension notices have been found to be unlawful

• Devolution is on the cards for Devon and Cornwall with local councillors saying it will ‘enable important decisions to be made locally on local priorities such as jobs and skills, housing, and the environment’

• Expedia Group has launched it’s One Key loyalty programme in the UK

• HMRC is reminding individuals who earn more than £1,000 via a side-hustle to register for a self-assessment before the 5th of October or risk being fined

• Airbnb’s founder Brian Chesky has said that he hopes to eventually expand beyond just short-term rentals and even travel. Speaking at the Skift Global Summit : “Stays of 30 to 90 days … I think that’s a huge growth opportunity for Airbnb, and I don’t think [online travel agencies] are going to do that”

• Budapest district joins other cities in Airbnb-style rental rebellion

• The longest-running measure of consumer confidence fell sharply in September, raising concerns about whether government rhetoric about Budget "pain" has spooked people

LISTING PERFORMANCE & GROWTH
Tips and strategies to enhance the visibility and attractiveness of your holiday let.

What Are The Best Type of Locations to Purchase A Holiday Let?

If you are considering purchasing another holiday let property and wondering what types of location are the most successful, STR Insights completed a report recently to assess what type of locations would make the best return based upon actual booking data. Their top types of location were :

• Infrastructure Development - Markets with improving infrastructure, such as new airports, public transportation hubs, and amenities, may become more attractive to travellers

• Tech and Innovation Hubs - Cities with a thriving tech industry or known for innovation and business conferences may offer good short-term rental opportunities due to a steady stream of business travellers

• Festival and Event Cities - Locations that host major events, festivals, or conferences can see spikes in demand for short-term rentals during those times

• Seasonal Trends - Consider markets with strong seasonal demand. For example beach towns may experience higher demand during specific times of the year

• Local Amenities and Attractions - Proximity to popular attractions, restaurants, and entertainment can significantly impact the desirability of a short-term rental property

What other factors would you consider? Hit reply and let me know.

FEATURED RESOURCE
Highlighting useful tools and resources for your holiday let.

My Holiday Guide Digital Welcome Guide

Amongst the benefits to owners and guests, did you know that our welcome guide uses Google data for locations you add to enhance the usefulness of the app to guests.

For instance a locations website, phone number, Google rating and opening hours are all provided; without you as a host having to manually enter this information.

Find out more by visiting our website here or schedule a 30 minute demo with me by using my Calendly link below.

INTERIOR DESIGN
Interior design inspiration and decor tips.

PROPERTIES OF THE NEWSLETTER
We all love looking at and getting inspiration from other properties so here’s our top pick for this edition.

NO FOMO
Missed last weeks newsletter? Here’s one thing you might like.

How To Boost Repeat Bookings By Contacting Guests After Their Stay

In last weeks newsletter we explored some of the benefits of contacting guests after their stay, and provided a recommended email sequence that you could use.

SHARE AWAY
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