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Vacation Rentals- A new trend?

India is also opening up to the concept of vacation homes at a fairly fast pace

Moneycontrol Bureau

Looks like vacation homes are here to stay ! A new trend nowadays where holiday-goers prefer to stay in apartments and bungalows instead of “impersonal” hotels, it also makes sense from an economic point of view.

Says Tina Singh, a smart investor who bought 2 bungalows a few years ago – one in the misty hills of Mussourie and one right off the busy Baga beach in Goa, “I work in Delhi and go away for weekends to my flat in Mussouri. Rest of the time I put it up on rent ; during the tourist season the rent ranges from 4000-6000 rupees a day. My flat in Goa fetches me a much higher rate during peak season and I have tourists willing to pay more than 10,000 rupees a day.”

Although this trend has already been established internationally, India is also opening up at a fairly fast pace and sites like www.airbnb.co.in also showcase multiple options in popular tourist destinations.

“The idea is to have an authentic experience as opposed to the anodyne ambience of a hotel or a resort. My wife and I prefer staying in regular homes where we can get a taste of the local culture and lifestyle. All the places where we have stayed with locals, the experience has been nothing less than wonderful. In fact, we are also planning to put up our house on www.airbnb.co.in so that we can reciprocate the warm experience we got”, says Abhishek Verma, a 32 year old self-confessed travel junkie.

But as this industry is growing by leaps and bounds, hotel owners seem to be getting a little angsty and they powerful hotel lobby is trying to get laws in place in order to outlaw short-term vacation rental options. Although this means that there will be stricter regulations, one feels that this will also lead to adding a layer of credibility to the entire experience. This will lead to more options for vacation-goers which is always a great thing and reduce dependency on templatised hotel chains.

Abhishek agrees with this wholeheartedly and says that he is looking up options for his upcoming trip to Cuba and he already has a few options lined up that fit his pocket and taste. He says he has also converted some of his colleagues who are now die-hard airbnb fans.

first published: Nov 18, 2014 01:58 pm

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