What now for performers in the UK and EU?
The 2012 London Olympics are only a few months away, but letting agents continue their push for Olympic lets. They are anticipating a lot of last minute interest from visitors who are unable to find hotel accommodation. In addition, there is an increasing amount of publicity by companies promoting year-round “home from home” holiday lets.
Renting out your home, either with you moving out completely or simply letting out a room or two in your house to a lodger, is described as “recession-busting” both for holiday makers who have to pay significantly less than if they were to stay in a hotel, and for homeowners who are able to top-up their income by putting their home to use.
The Licensing, Hospitality and Leisure industry has been one of the worst affected sectors during the recession. Whilst it has been predicted that only the wholesale and retail and the construction sectors are ahead of hotels and restaurants in being likely to be facing insolvency in 2011.
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