Edinburgh Homeowners Laughing All The Way To The Bank During Comedy Festival

Jun 14, 2016 | Expert Advice

Scotland’s beautiful capital has been a long-time favourite with global travellers keen to experience one of the most cosmopolitan cities in Britain. Not only is the city itself a must-see for its stunning architecture and castle built atop an extinct volcano, it borders miles upon miles of gorgeous Scottish countryside and is only a short distance from the renowned Lothian coastline.

It’s no surprise then that travellers flock to the city all year round. And with more travellers seeking affordable, unique accommodations, holiday home stays are on the rise. Residents who currently list their property on TripAdvisor have likely benefitted.

But there’s one event that sees unprecedented levels of demand for holiday homes in the city: the annual Edinburgh Festival Fringe (a world-famous month-long comedy festival).

Holiday Home Demand Highest Ever For Fringe
August bookings are already up as high as 64%.

 

Edinburgh-Home-Comedy-Fest

New statistics published by TripAdvisor Rentals show that demand for holiday homes in Edinburgh has reached record levels during the annual Comedy Festival.

Always a popular tourist destination, Scotland’s capital has seen a huge rise in holiday home bookings over the period of the festival. August bookings are already up as high as 64% depending on property size when compared to the month of July. In fact, more than 3/4 of the homes listed on TripAdvisor Rentals are already booked out over August. Travellers are acting fast and there’s no reason it’ll slow down between now and the festival. In fact, with so much inventory already booked, local homeowners who now list their space should benefit greatly.

List your property on TripAdvisor Rentals today.

Edinburgh Homeowners Can Earn Thousands

By renting out your space this August to festival-goers, you can earn as much as £2684 per week on average. That’s substantial income from letting out your home, apartment – or even a spare room – while the demand is so high.

To see how much you could make from your Edinburgh home, check out the table below. Rates are based on the average weekly prices for a weeklong stay in August 2016 (during the Fringe).

Average Weekly Rates

(reflects a weeklong stay in August 2016)

Destination

1BR

2BR

3BR

4+BR

Edinburgh

£756 £1042 £1508

£2684

List your property on TripAdvisor Rentals today. 

But regardless of the month, Edinburgh homeowners can still earn thousands per week in 2016 (depending on property size) by playing host to travellers.

The below table showcases average weekly prices for a one-week stay anytime during 2016. What would you do with an extra £2731 in your pocket?

Average Weekly Rates

(reflects a weeklong stay anytime during 2016)

Destination

1BR

2BR

3BR

4+BR

Edinburgh

£707

£993

£1471

£2731

 

Listing On TripAdvisor

Edinburgh-Apartment-Homeowner-Earnings

Listing your home is simple and easy on TripAdvisor Rentals – sign up for free and you pay just 3% per booking.

So if you’re planning on getting out of town while the tourists move in for a month, why not rent out your home? You might even earn enough to finance your own summer trip – and that’s no joke!

List your property on TripAdvisor Rentals today!

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