In recent times, the face of tourism in India has been changing rapidly. This, coupled with increased domestic tourism, focuses on experiences rather than destinations, and we have a new investment avenue that’s here to stay – Holiday Homes! Not only does it offer a unique vacation lifestyle but an additional source of income as well.
Today, I will try to explore this trend where I will touch upon the latest Tourism trends in India and how they are fuelling the demand for holiday homes as an investment option.
Key Tourism Trends in India
- Domestic Travel Boom:
After the pandemic, domestic travel has boomed in India. Given the international restrictions and health risks, Indian travelers have been the highest-ever tourists in and around their cities/countries. Be it hill stations or Beeches city resorts, people look for safety, comfort & unique experiences within their own continent. This has spiked up the demand for Holiday Homes as perfect homestay areas while traveling with family/groups or even solo. - Demand for Experiential Stays:
Gone are the days when travelers were content with a place to just rest their weary heads. Today’s travelers seek experiences — stays that are a reflection of the city they’re in, come with exclusive facilities, and feel like home. This is where holiday homes come into play by providing guests with unique, individualistic spaces that hotels simply cannot offer; thus enabling them to take away vibrant stories from their destinations. - Longer Stays and Workstations:
The work-from-anywhere culture is here, and many professionals are choosing workations, where they can stay for a longer time and work remotely while being in a vacation-like set-up. This trend has spurred the demand for holiday homes, especially in scenic destinations like Goa, the Himalayas, and beach towns. Investors are seizing the opportunity to offer well-equipped homes that cater to this demographic. - Shift Towards Sustainable Tourism:
Growing awareness about sustainable travel has also led travelers to look for eco-friendly stay options. Holiday homes in offbeat and eco-sensitive destinations allow travelers to experience being one with nature without compromising on luxury. In fact, holiday homes are now witnessing a demand in destinations such as Mukteshwar, Kasauli, and the Dooars where experiencing nature tops the list of things to do. - Fractional Ownership as an Investment Opportunity:
A key trend in holiday home investments has been the rise of fractional ownership, where multiple investors come together to jointly own a vacation property, both in terms of cost and usage. This trend has made luxury vacation homes affordable to a much larger audience, thereby democratizing real estate investment and making way for high returns as well.
The Rise of Holiday Home Investments
As these tourism trends reshape how people travel, the demand for holiday homes has soared, leading to a rise in real estate investments in this sector. Here’s why holiday homes are becoming the go-to investment choice for savvy investors:
- Dual Purpose: Personal and Rental Use
High rental yields A holiday home is a good investment if it is located in an area with high tourism activity and as a result has high demand for rentals. With the rising popularity of home-sharing websites such as Airbnb, you will be able to rent out your property easily and at a higher rate compared to renting out long-term. - High Rental Yields
With the rise in demand for experiential stays, holiday homes have become a source of rental income too. In tourist destinations like Goa, Nainital, and Kasauli, if you buy it at the right location your property may earn huge returns during peak tourist season and off-season rentals for long-term stays or workstations. - Property Appreciation
Many holiday destinations in India are seeing fast-paced infrastructure development which is increasing property prices. People investing in holiday homes at such emerging places can get great returns in terms of asset appreciation in the long run and rental income from such properties in the short term. - Fractional Ownership Advantage
Fractional ownership is a growing trend where investors can buy into owning part of a luxury home without the financial commitment of buying outright. With BRIKitt you have the ability to invest in premium homes at a low entry level cost, benefit from property appreciation and rental income as well as sharing costs with other owners. - A Lifestyle Investment
With returns on investment aside, the holiday home is a lifestyle investment. Serene mountain getaway or that beachfront villa, either way, one has the luxury of calling it your second home.
Why BRIKitt for Holiday Home Investments?
BRIKitt specializes in fractional ownership of premium holiday homes in India’s most sought-after destinations. Our platform gives investors transparency, flexibility, and diversification to their portfolios with minimum risk. With a growing community of thousands of happy investors, BRIKitt is India’s No. 1 trusted platform for holiday home investments.
10 FAQs About Holiday Home Investments with BRIKitt
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What is fractional ownership?
Fractional ownership allows multiple investors to own a portion of a holiday home, sharing both the costs and the benefits such as usage and rental income.
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How does BRIKitt ensure transparency in investments?
BRIKitt provides a platform that tracks your investment, rental income, and property appreciation, ensuring full transparency at every step.
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Can I use the holiday home for personal vacations?
Yes! As an investor, you get the flexibility to use the holiday home for personal vacations based on the ownership model and availability.
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What kind of returns can I expect from my holiday home investment?
Returns vary based on the property location and tourist demand, but holiday homes generally offer high rental yields and long-term capital appreciation.
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How does BRIKitt manage the property?
BRIKitt partners with premium hospitality services to ensure that your holiday home is maintained and managed efficiently, providing a hassle-free experience for investors.
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Is fractional ownership legal in India?
Yes, fractional ownership is completely legal in India and is growing in popularity as a real estate investment model.
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What destinations are available for holiday home investments with BRIKitt?
BRIKitt offers holiday home investments in top destinations such as Goa, Mukteshwar, Nainital, Kasauli, and Puri, among others.
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What is the minimum investment required?
The minimum investment varies depending on the property, but fractional ownership allows you to start with a smaller financial commitment compared to full ownership.
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How is rental income distributed among co-owners?
Rental income is distributed proportionally based on each investor’s ownership share in the property.
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Can I sell my ownership share?
Yes, BRIKitt provides an easy exit strategy where you can sell your share of the property, making it a flexible and liquid investment option.
Invest smartly, invest with BRIKitt, and experience the joy of owning a holiday home in India’s top travel destinations.
