LONDON, May 30, 2012 /PRNewswire/ --
The supply of privately rented holiday accommodation in Montenegro and Croatia saw strong growth in the first quarter of 2012, according to HomeAway.co.uk, the UK's number one holiday rentals website. In addition, as global hotel rates rose by an average of 4% in 2011*, 36% of respondents to a survey by HomeAway.co.uk** stated they were considering alternative accommodation this year, with holiday rentals the top choice for more than 80%, followed by B&Bs and caravans.
Saving money is also one of the top reasons why one in six holidaymakers will spend their main break at home this year. Surprisingly though, should the economy worsen, only 13% of holidaymakers would give up on their holiday altogether; many more are happy to wait for a last minute deal (27%) or choose a cheaper accommodation option (25%) instead.
The popularity of the Adriatic nations could also be down to Brits looking save money by opting for better value destinations, with homeowners on HomeAway.co.uk reporting increasing demand:
Paul Clarke, owner of a two-bedroom apartment in Kotor (http://www.HomeAway.co.uk/p418835) commented: "I haven't experienced any downturn due to the recession, in fact last year the apartment was booked for 34 weeks of the year and this year is shaping up to be the same or even better."
Montenegro was the top performing market in terms of inventory growth on HomeAway.co.uk from January to 31st March. Now seen as a safe place to invest, it has not lost its value during the recession and experienced a healthy 87% year-on-year increase in the number of new properties added to the website.
Nicky Anson, owner of two properties in Istria, Croatia (http://www.HomeAway.co.uk/p58273 and http://www.HomeAway.co.uk/p67104), commented "2012 is shaping up to be one of our best rental years yet, with high levels of booking enquiries from January onwards. The end of April saw another flurry of bookings too as our last available high season weeks were snapped up."
Croatia was the third best performing destination for supply in the first quarter of 2012, jumping one position from the fourth quarter of last year. With the country's membership of the EU looming, its property market continues to see a surge in demand by foreign buyers. Demand from tourists is growing rapidly too, as also reported by Cosmos Holidays which recently announced sales have quadrupled since last year.
Top 5 markets for growth in holiday rental supply in Q1 2012:
** Source: a sample of 900 visitors to HomeAway.co.uk in April 2012
|06:08 AM||Pactera Announces First Quarter 2013 Financial Results|
|06:00 AM||InspireMD's MGuard Embolic Protection Stent (EPS) Shows Lower Mortality Rate in STEMI Patients at Six Months Compared to Control Group|
|06:00 AM||Banks Flock to Financial Education to Drive Sales|
|06:00 AM||Gentherm To Present At Upcoming Investment Conferences|
|06:00 AM||BioLife Solutions Announces Presentation at 8th World Stem Cells & Regenerative Medicine Congress|
|06:00 AM||Taomee Reports Unaudited First Quarter 2013 Financial Results|
|06:00 AM||Innovative Broadcast Facilities Modification Program for Sale by ICAP Patent Brokerage|
|06:00 AM||Cheers to 12 budget-friendly summer wines at Whole Foods Market®|
|06:00 AM||PAREXEL International To Present At Jefferies Healthcare Conference|
|06:00 AM||D.C. Ranks Among Best Cities for Summer Travel in 2013, According to CardHub.com Study|
|06:00 AM||California Endowment Grant To The Pasadena Armenian Genocide Memorial|
|06:00 AM||Consumer Reports: Store Brands From Target And Walmart Top Latest Sunscreen Ratings|
|06:00 AM||SaviCorp® Announces Major Exclusive International Distribution Agreement with DynoGreen Tech, LLC to Sell DynoValve® in India, Dubai, the UAE and Other Foreign Countries|
|06:00 AM||TripAdvisor Celebrates Top Performing Hospitality Businesses With 2013 Certificate of Excellence|
|06:00 AM||Quality Reigns Supreme as Kaufmann Mercantile Turns 3|
|06:00 AM||$100 Billion Initiative Targets Africa|
|05:59 AM||GOOD MORNING|
|05:55 AM||ING U.S. Announces First Quarter 2013 Results|
|05:50 AM||Perkins+Will Announces Firmwide Principal and Associate Principal Promotions for 2013|
|05:41 AM||National Graphite Initiates Environmental Study On Chedic Graphite Property|
|05:30 AM||Marketo Financial Management Makes Managing Budgets Easier for Marketers|
|05:30 AM||More People Are Considering Bad Credit Payday Loans as a Solution to Bad Economy According to Loans-Payday.com|
|05:00 AM||Remember the True Meaning of Memorial Day: To Honor and Remember Our Fallen Heroes and the Families They Left Behind!|
|05:00 AM||Parental Involvement: The Key to Better Learning|
|05:00 AM||Hillcrest Labs and TCL Sign New Multi-Year Agreement to Bring Unique Freespace Motion Technology to Smart TVs|
|05:00 AM||Manpower U.S. Announces New Multi-Channel Delivery Model to Anticipate Client Needs|
|05:00 AM||New Harman Kardon® Audio/Video Receivers Accomplish Flawless Versatility and Performance|
|04:30 AM||Volcano Announces Preliminary Results from the ADVISE II Study and Inclusion in the SYNTAX2 Trial During Hot Line Late Breaking Clinical Trial Sessions at EuroPCR 2013|
|04:30 AM||New Hardy Tradition Collection : Innovative, Daring and Colourful|
|04:24 AM||Dairy Crest CEO Interviewed on Full-Year Results|
|More Press Releases From PR Newswire|