Overview of the Hotels & Holiday Accommodation Industry
Holiday accommodation can range from self catering apartments, to mobile homes, time share properties, hostels or hotels. Prices vary according to length of stay and type of accommodation. For example, hotels and holiday accommodation tends to be rented by people on a shorter term basis than the mainstream forms of property accommodation. People on vacation or business may rent hotel rooms for just one or two nights or sometimes a little longer.
Youth hostels are popular with student travellers on a limited budget. Staying in a hostel can be an inexpensive way to see new parts of the world on a more limited purse. If you do not mind sharing a bathroom and shower facilities, or going out to eat, a hostel may be the solution to seeing a new place on a tight budget.Some hostels dormitories are split by gender meaning visiting couples may have to sleep separately. Surprisingly, some youth hostels offer family accommodation, that can be quite luxurious. In the UK there are country houses in some of the prettiest parts of the country that have become established hostels. There are various hostel associations around the world that travellers can join to partake in future offers, access member discounts and late booking advantages.
Hotels are more expensive accommodation option as most will have have en suite bathroom and toilet facilities, maid service, etc. Depending upon the hotel star rating, room service may be offered. These sorts of services along with general hotel facilities (such as restaurants, wifi, gym and other amenities) distinguish hotels from hostels. Some hotels owners market for specific types of holiday, (such as golf hotels or city breaks).
Mobile homes are detached caravans that if required could be moved. Sometimes mobile homes can be lived in permanently if sited on land where this is allowed. Some mobile homes are often used on building sites, where permanent structures are being erected either by individuals building their own home on land they have purchased, or by building companies who are constructing a large number of dwellings, and their builders are accommodated in mobile homes or static caravans. Mobile homes in the holiday accommodation sector are generally occupied during the seasonal months between March and October or sometimes into November. During this time, the caravans or mobile homes are hooked up to electricity, water and gas and the occupant can enjoy a holiday type of living on a park offering some facilities. Amenities vary from park to park. Most have basic facilities (such as an on-site shop and a laundry room). Some have a swimming pool, restaurant and bar.
Owners of these mobile homes usually pay a ground rent or management fees to enjoy shared park facilities. Sub letting of mobile homes is quite common and helps to offset administration fees during the year. If you are thinking of buying a mobile home on a holiday park, you should investigate the fees and rent payable and whether you want or are able to sublet your caravan. The income you receive may not be sufficient to pay for fees or to cover your initial capital outlay. The lifespan of a mobile home can also be quite short thus depreciation rates are very high.
There are of course a huge choice of permanent structures designed for holiday occupation (such as self catering flats, apartments, houses, cottages and chalets). There are more properties owned by second home owners than holiday lets owned by holiday letting companies. Holiday lets that have been well maintained, or cottages in coastal locations attract many potential commercial landlords. The family market for self catering holiday accommodation is huge as it can often work out better value for money.