Interested in becoming an Airbnb host in London? Discover crucial insider tips from property investment experts to excel as a Serviced Accommodation operator.
Choosing where to stay during a visit to London can have a significant impact on the quality of the trip.
Platforms like Airbnb enable travellers to explore a wide array of lodging options, from standard vacation rentals to distinctive dwellings that offer an authentic local experience.
In particular, Airbnb in London has revolutionized tourist accommodations, giving visitors not only a place to rest but also an intimate connection to various London neighbourhoods, each offering its unique charm and characteristics.
If you’re a property owner in London or considering establishing a serviced accommodation business with Airbnb, continue reading to learn the essentials for success.
Understanding Serviced Accommodation
Serviced Accommodation refers to offering your property as a short-term rental, as opposed to traditional longer lease agreements.
These accommodations are fully furnished and include daily amenities and services that you wouldn’t typically find in a standard rental, such as cleaning and sometimes even concierge services.
Think of it as a hybrid of a home’s comfort and privacy with the added convenience of hotel-like luxuries. Travelers can book these properties via websites like Airbnb, Booking.com, Vrbo, and others, providing a hotel alternative.
Diverse Guests of Serviced Accommodation
Serviced Accommodation attracts a wide range of travelers, including families, individuals on business trips, couples, and groups such as bachelor and bachelorette parties.
Many guests prefer Airbnb over hotels because these accommodations tend to be larger and come with extra amenities like full kitchens, outdoor spaces, pools, and private parking.
Is Airbnb Considered a Serviced Accommodation?
Airbnb is known for various property types, including professional serviced accommodations.
In London, this might mean upscale apartments in prime locations, which are stocked with everything needed for a comfortable visit.
On Airbnb in London, whether you’re on the lookout for minimalist interiors, opulent apartments, grand townhouses, chic lofts, or unconventional options like houseboats, there is something to suit every preference.
Advantages of Opting for Airbnb in London
Is Airbnb More Affordable in London?
In an expensive city like London, Airbnb’s cost-effectiveness is a significant attractant.
For a city break, Airbnb can provide more space and comfort for a better or similar price compared to London hotels like Hilton or Ibis.
It’s critical to understand that Airbnb prices in London vary greatly based on factors such as location, size, and the property’s unique features.
Comparing Airbnb and Hotel Costs
One of the keys to Airbnb’s success in the serviced accommodation market is its competitive nightly rates.
Studies show that Airbnb in London can be 59% cheaper than hotel rooms, presenting hosts with opportunities to underprice hotels and maximize booking periods.
Navigating Airbnb’s Legal Framework in London
While Airbnb has been widely adopted in London, there are specific regulations in place to ensure the local housing market remains stable.
What Constitutes the 90-Day Rule in London?
In London, the 90-day rule limits short-term rentals to a cumulative total of 90 days annually, unless one secures planning permission for extended durations.
Implemented in 2017 within Greater London, this rule automatically suspends an Airbnb listing once the 90-day cap is reached to prevent properties from turning into full-time vacation homes.
Bypassing London’s 90-Day Airbnb Rule?
Compliance with the 90-day Airbnb rule is mandatory, and circumventing it is not an option unless you obtain planning permission from your local council.
Legality of Using Airbnb in London
Using Airbnb in London is entirely legal. However, it’s crucial for both hosts and guests to stay informed about and conform to local regulations, such as the 90-day short-term letting limit, to avoid any issues.
Avoiding Airbnb Fees
A common concern for both guests and hosts is how to avoid the higher fees associated with Airbnb. There are alternatives to consider.
Instead of listing on Airbnb, hosts and Serviced Accommodation providers can use other OTAs like Booking.com. Clicking on links to booking platforms like Agoda and Trivago may save money for your guests, as these sites often don’t charge the same fees as Airbnb. To save even more, guests can try communicating with the accommodation provider through Airbnb and request to book directly.
Enhancing Your Airbnb London Stay
To Choose The Ideal Airbnb In London
When searching for the ideal Airbnb in London, it’s not just about selecting dates and prices. Guests should think about their specific needs. They should consider whether they want to stay close to landmarks like the Tower of London, London Eye, Houses of Parliament, or London Zoo, or in vibrant areas with lots of dining and nightlife options such as Notting Hill or Camden Town. Being near airports like London City, Heathrow, Gatwick, Stansted, or Luton could also be important. Reading Airbnb reviews thoroughly can offer crucial insights from past guests. For Airbnb hosts in London, focusing on location and striving to offer exceptional service can lead to great reviews.
Making Smart Choices with Airbnb and Serviced Accommodation
Benefits and Drawbacks of Serviced Accommodations
Airbnb and serviced accommodations offer the advantage of a home-like environment with the comfort and convenience many travellers desire. However, some may miss meeting new people as they would in a hotel or find the check-in process less personal. Hosts can mitigate these issues by providing tips for local hotspots, clear check-in instructions, and a handy welcome pack.
Stepping Into The Role Of A London Airbnb Host
With over 30 million tourists visiting London annually, there’s a high demand for places to stay, and you could fill that need. You might be hesitant due to a lack of a substantial deposit, poor credit, or inadequate knowledge about starting an Airbnb in London. We offer training that can guide you in changing your life and financial future with serviced accommodations, a strategy that may lead to much higher profits compared to conventional property rentals. If you’re considering property investment but are worried about financial or credit constraints, serviced accommodation could be the ideal approach for you.
You don’t need a large deposit or a mortgage to start, and you can set up your property investment quickly, potentially seeing profits soon.
