"Vacation Homes Market In India"

The term vacation home or vacation rental is new to India but it is very popular in the US travel industry. If you are interested to know vacation homes and the present scenario ofvacation homes market in India, then read on. In this article, you will get to learn about the advantages and disadvantages of vacation homes, the key facts about this market in India and how vacation rental management can turn out into big profits.

Vacation Homes, as the name suggests are homes meant for enjoying vacations. One can really earn handsomely by renting out vacation homes. All one needs is to buy a location at a popular destination that is visited by a number of tourists on a regular basis. After this renting such a vacation home on small duration rents can fetch really good money. After a major success in the US, this market of vacation homes is slowly increasing in India too. Now, let us talk about some advantages and disadvantages of vacation rentals in a general sense. Vacation rentals are usually considered cost savings. Those who avail this service save a lot of money in the form of tips, taxes and service charges. Moreover, by opting to stay in vacation homes, a tourist gets to stay in more space as compared to hotels. Apart from this, staying in a vacation home means getting a kitchen to cook your food and a living room just like your home. In short, staying in a vacation home means almost staying at home.

Vacation Home in Mussoorie, The Mall

One major discomfort often observed among those who get to stay in a vacation home on rent is that they have to interact with the property owner directly. Sometimes, lack of staff at the vacation home is also considered as a discomfort for tourists. In some cases, there are also hygiene and cleanliness concerns.

Le Bleu Villa,Goa

Now, have a look at the recent key facts about the vacation home rental market in India:

• Most of the holiday homes are rent out for vacation and as home stays for the rest of the year.
• About 54% of second homes in India are bought particularly for recreational use like holidays and vacations.
• As per a survey, second home sales increased by up to 50% during 2002 – 2007.
• Second Homes account make about 3-4% of total home sales per year.
• In India, NRIs are considered to be the most potential customers for vacation properties.
• In India, Kerala is the most popular destination for second home or vacation home and in Kerala, Wayanad is on the top slot.
• Vacation home sales in India have tremendously rose during the last 15 years.
• To get leading vacation homes in India you can surf at The Other Home.

To sum it up, we can’t say that how successful the future of vacation home market in India would be but we could definitely say that this market is going to stay for long in India.

If you want to be notified next time, subscribe to the RSS feed or say hello via Twitter @theotherhome. You can plan your dream holiday with us, visit The Other Home.