The study – based on the savings that could be made for a one-week stay in a two bed holiday rental compared to a one week stay in two hotel rooms – proved that not only can staying in a rental give you a ‘home from home’ experience but can also leave you with cash to spend on your holiday.
Research released by TripAdvisor Vacation Rentals reveals that travellers staying in groups or as a family can save as much as 48 per cent on their accommodation if they choose to stay in a holiday rental.
The research showed which cities across the world offered the best saving – with Venice topping the list, closely followed by Florida favourite Orlando, stunning Croatian city Dubrovnik and Irish capital Dublin.
The study – based on the savings that could be made for a one-week stay in a two bed holiday rental compared to a one week stay in two hotel rooms – proved that not only can staying in a rental give you a ‘home from home’ experience but can also leave you with cash to spend on your holiday.
“Holiday rentals are a brilliant, cost-effective choice for families and groups travelling together,” says James Kay, TripAdvisor spokesperson. “It’s a different experience to a hotel; it may not offer some of the same conveniences, but it’s a fantastic way to save some money for your holiday – as well as offering space for groups to relax and socialise together during their trip.”
Holiday rental* and hotel costs** in popular destinations from 1 August 2015 – 31 December 2015
Top 10 best savings
Destination*** |
Average cost of two three-star hotel rooms (seven nights) |
Average cost of a two-bedroom holiday rental (seven nights) |
Savings by staying in a holiday rental |
Venice |
£1,763 |
£918 |
48% |
Orlando |
£1,324 |
£696 |
47% |
Dubrovnik |
£1,047 |
£574 |
45% |
Boston |
£2,683 |
£1,542 |
43% |
Dublin |
£1,283 |
£748 |
42% |
Stockholm |
£1,316 |
£770 |
41% |
Florence |
£1,135 |
£673 |
41% |
Rome |
£1,158 |
£757 |
35% |
Lisbon |
£761 |
£502 |
34% |
Edinburgh |
£1,446 |
£958 |
34% |
*Holiday rental costs denote the average cost of a holiday rental property, for a one-week stay, in a two-bedroom holiday rental found on TripAdvisor in that area between 1 August 2015 and 31 December 2015. Prices for more than 20,000 holiday rentals were included in the calculations for this study.
**Hotel costs are based on seven nights’ stay in two bedrooms in a three-star classified hotel. Pricing data is sourced from several TripAdvisor partners, including online travel agencies and direct hotel suppliers. More than 3,000 hotel rates were included in the calculations for this study.
***Destinations featured in this study are amongst the most popular for TripAdvisor.co.uk users for holiday rental stays between 1 August and 31 December 2015.
Photo caption: Venice, Italy.
Tatiana is the news coordinator for TravelDailyNews Media Network (traveldailynews.gr, traveldailynews.com and traveldailynews.asia). Her role includes monitoring the hundreds of news sources of TravelDailyNews Media Network and skimming the most important according to our strategy.
She holds a Bachelor's degree in Communication & Mass Media from Panteion University of Political & Social Studies of Athens and she has been editor and editor-in-chief in various economic magazines and newspapers.