Did you know that in 2018, over four million people visited Edinburgh boosting its local economy by nearly £1.5 billion in visitor expenditure.
Statistically, around 38% of visitors to Edinburgh come from outside the UK, and this continues to increase every year. Hotel occupancy rates are also the highest in the UK - at 84% - as tourists flock to Scotland’s capital city throughout the year to experience the annual International and Fringe Festivals, as well as seeking out perennial attractions such as the Castle, The National Museum, The Edinburgh Military Tattoo and the International Film Festival.
Indeed, seven of the top ten most visited attractions in Scotland (in 2017) are based in Edinburgh. All of which makes is great news for those in the hotel, leisure and accommodation business. In the last ten years over 5000 new hotel rooms have been completed. It’s expected that there will be continued demand for many more as Edinburgh increasingly becomes a ‘must visit’ city for tourists.
But it’s not just in the capital where tourism is flourishing. Whilst often considered more ‘industrial’ than it’s neighbour 44 miles east, Glasgow is also increasingly attracting more than it’s fair share of tourists - particularly from North America and Europe - up 20% in 2017 alone, and well above the Scottish visitor average. This phenomenon is expected to continue in the coming years with hotel and accommodation at a premium. Thankfully there is another option available - airbnb property management.
Airbnb properties - affordable luxury and comfort
Average prices for hotel rooms in Edinburgh and Glasgow, reflect their standing as highly desirable tourist attractions. People often pay well over £100 per night, closer to London prices, all of which can mount up if you’re on holiday for a longer period with your family. More and more people are becoming aware of and are looking for the convenience and flexibility of luxurious city centre apartments or townhouses where families can relax as they would if they were in their own homes.
Business travellers can also enjoy the relative comfort and tranquillity of a local property convenient to their work base. With a greater range of Airbnb properties now available, guests can plan their visit more carefully, don’t always have to book months in advance, and can save money into the bargain.
Could you be part of the Airbnb revolution?
Are you away from your property for long periods of time - maybe on business - or travelling abroad for some of the year? Or maybe you’re looking to rent out a second home as an investment opportunity? If you’ve a spare bed, a room, or an entire property and want to boost your income - often substantially - the Airbnb model is growing in reputation, is relatively simple and can be lucrative for you.
Getting Started With Elite Property Management
There are many property management companies successfully operating Airbnb, both locally and nationally. However, in Edinburgh and now in Glasgow, Elite Property Management goes that extra mile for those hosts who rent their properties out. With a professional property management company supporting you, there are very high odds that your guests will really enjoy their time in your property.
Our Airbnb property Management experts do it all for you
If letting your property sounds like hard work, it needn’t be. Elite Property Management can help. Our team of dedicated airbnb property management experts can arrange everything for you, reducing your time commitments and daily stress levels, letting you get on with your busy life. Elite works very closely with you at all stages throughout the letting process. As well as helping you get started as a host, we’ll take the pressure off you, by carrying out the following services:
we can automate all of your guest communications and create an inviting welcome pack
we’ll clean and maintain your property to a very high standard
we’ll help you get five star customer reviews
we’ll also give you help to avoid time wasters and troublemakers
Elite takes care of all your Airbnb property management needs
So, what are you waiting for? If you’ve got the property, we’ve got the expertise to get this off the ground, allowing you to fully enjoy the financial benefits. Contact us today to find out more.