Holiday homes encroaching on hotels but headwinds loom
Holiday homes are set to increase from a fifth to a quarter of the holiday accommodation market in the next few years, as more holidaymakers move to private accommodation options.
Port Douglas is among the most in demand locations for holiday homes.
Holiday homes are set to increase from a fifth to a quarter of the holiday accommodation market in the next few years, as open borders and changing tastes lure more holidaymakers to private accommodation options and away from hotels.
Vacation rentals data released recently by Statista showed that in Australia, short-term private rentals represented 20.1 per cent of all accommodation bookings, with forecasts it would hit 24.3 per cent by 2026.
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