Business

Thousands of vacation rental opportunities

  • Information sessions about vacation rental opportunities are being held by Airbnb and the Bermuda Tourism Authority this week

As many as 3,300 unoccupied residences in Bermuda could be primed for the vacation rental market.

The figure was revealed at the first of four Airbnb-Bermuda Tourism Authority vacation rental information sessions last night.

There are 3,381 residences categorised as vacant dwellings in Bermuda, which means they are unoccupied and habitable. The number of vacant dwellings is estimated to be 9 per cent of the total number of dwellings across the island.

“This is the first piece of raw data that helps quantify the size and scope of the vacation rental opportunity in Bermuda and the opportunity is bigger than first thought,” said Kevin Dallas, CEO of the Bermuda Tourism Authority.

To attract new homeowners into the tourism economy, the BTA and Airbnb presented an information session to potential vacation property owners in St George yesterday. Two other sessions will take place. There is one in the west end this evening, at the Dalton E Tucker primary school from 5pm to 7pm.

Tomorrow evening there is a central session at the Cathedral Church Hall, Hamilton, from 5pm to 7pm.

A fourth session for current vacation rental property owners will also take place tomorrow from 8.30am to 10.30am at the Cathedral Church Hall.

The information sessions, part of a memorandum of understanding between the Bermuda Tourism Authority and Airbnb, are designed to build on the island’s hospitality, grow the number of vacation rentals and attract more Bermudians into the tourism economy.

Online registration is required for the sessions. Go to https://tinyurl.com/nypjzr