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Ibiza vacation rentals receive reservations from mid-May onwards

The president of AVAT has assured that "they are happy" and "optimistic" with the rate of bookings, which are starting "little by little" and with "good" forecasts

Ibiza’s vacation rentals are already receiving bookings for this season starting in the second half of May, according to José Antonio Llano, president of the Association of Holiday Homes (AVAT) of Ibiza and Formentera.

Just as the month of May begins “with demand, but very calm”, forecasts are better in June and “much better” as the summer months, he added.

The president of AVAT has assured that “they are happy” and “optimistic” with the rhythm of bookings, which are starting “little by little” and with “good” forecasts. The downside is that “there is a great deal of uncertainty because these reservations are today and tomorrow they are not there,” he warned.

In fact, flexible cancellations are proposed so as not to “slow down demand”, in addition to the fact that prices have not been increased in two years.

He believes that “if everything continues like this” and the issuing markets “do not have travel restrictions” and carry the vaccination “at a good pace”, the holiday homes sector can have a “moderately good season, for the current moment”, he said.

In this regard, he also required that priority be given to vaccination of employees in the tourism sector, as other competing destinations are doing. “The season is at stake”, he insisted.

Llano recalled the months of July and August of last year, in which they were able to open, “were good, because there was a lot of demand and people preferred to stay in homes, individually, without sharing spaces”.

For this season, although the upper-middle class client profile is the one who is booking the most, there are in the industry properties “for many levels of purchasing power” as you can find from “the most expensive” to properties with prices that “almost everyone can afford”, he added.

He also stressed the fact that holiday home customers spend more on the economy of the island “than those who stay in a hotel” because “they spend more on the additional offering”.

There are 3,000 legal holiday homes in Ibiza, representing some 20,000 legal places. However, it is estimated that this might be twice as high if one adds those rented “illegally or unregulated, without control and quality”.

To encourage regularisation, AVAT is calling on the Consell de Ibiza to “make the costs of tourist accommodation more flexible” and “reduce” the cost of tourist accommodation, which now costs the same as that of a hotel.

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