According to a report by Verdant Leisure, 91% of UK adults intend to book a staycation in 2024 as the cost-of-living crisis continues to impact finances, compared to 84% last year. These figures imply that the staycation boom is ongoing and growing in popularity.
So, why are many holidayers staying in the country rather than seeking sunnier shores?
63% of Verdant Leisure’s respondents said they seek good value for money when looking for their next holiday, suggesting that saving cash is a high priority for many. But despite this, savvy holidayers still ensure they can get the R&R they need by going for the more affordable staycation option.
The reduced environmental impact was another feature highlighted by respondents and perhaps indicative of the ‘rebrand’ domestic holidays have had in recent years. Previously regarded as the lesser alternative to holidaying abroad, many consider staycations a cost-effective and environmentally friendly option. Why not read about some of the best areas to buy in London for some inspiration?
With trends shifting, more tenants may value property types that implement more eco-conscious ideals than before.
Learn more: Stay up-to-date with the latest trends and discover everything to know when investing in property in 2024!