Swansea holiday let occupancy up 47% – but experts warn Welsh Gov polices forcing holidaymakers to fight over fewer rentals

As the UK gears up for the summer season, Swansea looks set to enjoy a welcome economic boost thanks to a big influx of tourists this year, latest analysis from Key Data reveals.

Analysis by the vacation rental data specialist indicates what could be a bumper summer for the city, with occupancy levels already 47% higher in July and August compared to the same point last year.

Meanwhile, nightly rates are up 9.6%, from £153 last summer to £168 this year. 

The rise in demand could be down to a number of factors, including the city’s number of famed beaches, its rich maritime history and the vibrant arts and culture scene. Swansea has also been ranked as one of the top 10 cities in the UK for tourism. 

The increased occupancy rates could also be down to fewer properties being available to let after the Welsh Government introduced new policies on council tax rises for second homeowners and a statutory licensing scheme for holiday lets that mandate a minimum 182 day a year occupancy.

Sally Henry, VP of Business Development at Key Data, said: “Swansea looks set for a stellar tourist season this summer, with occupancy levels across July and August already surging compared to last year. 

“The increase in average nightly rates reflects the heightened demand for short-term rentals in the city as more tourists flock to Swansea to experience its renowned beaches and vibrant marina. 

“A rise in demand could also be due to the staycation trend in the UK, which sees Brits holiday in locations on their doorstep in order to save some money.

“Welsh Government policies on council tax rises for second homeowners and its statutory licensing scheme for holiday lets have combined to make it more difficult for owners to let out their homes.

“It’s likely that the new regulations, which limit the number of days short term rentals can be let each year, have forced holidaymakers to fight over fewer numbers of rentals, driving up rates and occupancy levels.”

(Lead image: Bigstockphoto / jax10289)