• 55% of British adults will opt for staycation this summer (Travelodge)
• UK tourism thrives with overseas visitors on the rise (ONS)
• UK named top European target for hotel investment (CBRE)
• Hotel room investments exempt from stamp duty tax (Properties of the World)

It’s fair to say that Brits are getting less for their money abroad as an enduring weak pound draws more and more to ‘staycation’ this summer.

Travelodge reports that 55% of British nationals are expected to spend their holiday in the UK this summer with ‘staycationing’ thriving as sterling continues to bear the brunt of economic uncertainty at home.

Alongside the increase in staycations from domestic tourists, ONS reports a spike in overseas residents coming to the UK for a holiday, with an increase of 19% when compared with April 2016. The hottest June on record and the drop in sterling has boosted demand from overseas visitors.

“It is very encouraging to see the continued growth of the UK tourism industry from both British nationals and overseas visitors especially as we are heading into the peak summer season where coastal resorts are gearing up for a very busy period. With increasing demand for UK holidays, now is the perfect time to branch out and make a hotel property investment and Devon is the perfect place for it.”

Jean Liggett, CEO, Properties of the World 

Indeed, this dynamic growth in the UK tourism industry is also set to yield the investment potential of UK hotels.

Investors have named the UK as the top target for European hotel investment in 2017, according to a survey by CBRE. And as investment in traditional holiday homes wobbles due to recent stamp duty changes, hotel room investment offers an attractive alternative to buy-to-let property.

“One of the main appeals of hotel room investment is that stamp duty is not payable, potentially saving owners thousands of pounds. Owners can still enjoy personal usage of their hotel room but they will also receive regular income without hefty upfront taxation and management costs.”

Jean Liggett, CEO, Properties of the World

The opportunity to make a hotel room investment has reached the hugely popular holiday shores of Devon, crowned by Travelodge as the favourite staycation destination for 2017, with 4* hotels such as Atlantic Bay.

Comprising 96 bedrooms, not only will Atlantic Bay be prominently positioned above Woolacombe beach – ranked in the top 10 seaside towns with the highest property values according to Zoopla – but it will also offer sea view across the Atlantic Ocean.

Investment in rooms at the coastal hotel is from £85,000 with 14 days personal usage per annum and returns of 10% for 10 years. The hotel will also boast a lounge area, large conference room, swimming pool, fitness suite, cocktail lounge bar and a fine dinning Premier Collection restaurant – ideal for the growing number of visitors to this hugely popular resort.