1. 1st Half 2010 Vacation Rental Market Report Intro
The 1st half of 2010 saw a general improvement in the worldwide travel industry and New York Habitat's business in London saw similar trends. In addition to the recovery, London was a cheaper destination for international tourists because the British Pound remained at relatively low levels compared to other world currencies.
In this report New York Habitat will share with you information about apartment rentals that were booked in London in the 1st half of 2010. The report specifically deals with our vacation rental division (click here to search London Vacation Rental Apartments), which rents apartments from 1 to 30 days. New York Habitat has one of the largest selections of vacation rentals in London including options from studios apartments to townhomes and from corporate options to private residences throughout London. This report will look at the completed bookings of the London Vacation Rental Department in the 1st half of 2010 compared rentals in the 1st halves of 2008 and 2009.
The report includes charts, graphs and dialogue about the state of the London vacation rental market including data on:
- Type of Rentals
- Length of Stays
In the 1st half of 2010 the London Vacation Rental market continued to show its resiliency, the number of requests for apartments increased even as the prices of rentals increased. The rising prices did make it somewhat more difficult to complete bookings because in the post recession economy, many people are being more careful about spending. Therefore, owners need to use caution as they boost the prices of their apartments to avoid reducing their occupancy rates.
Overall, the 1st half of 2010 showed the continued promise that the London vacation rental market has shown over the past several years, with strong growth prospects and increasing demand for reasonably priced London Accommodations.