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Visitors to Canaries still keen on renting holiday homes 

Holiday rentals in the Canary Islands continue to show a good performance, despite a small drop in demand since the heydays of 2010.

Tourists who chose the modality of holiday housing in 2016 in the Canary Islands amounted to 1,290,609, 8.61 per cent of the total, latest figures have revealed.

At the Canary Islands Tourism Council, details of the report “Holiday homes in the Canaries 2016” were presented by the Ministry of Tourism, Culture and Sports of the Government of the Canary Islands.

This report, centred essentially on the three aspects of demand, channel and supply, looks at the phenomenon of rental housing for tourist use.

Tourism minister, Mariate Lorenzo said: “This report is an indispensable instrument when it comes to reflecting on this tourism segment and making decisions, both political and business, for the future of vacation rentals in the archipelago.”

This study shows that the demand for vacation homes in the Canary Islands in 2016 amounted to 1,290,609 tourists, which accounts for 8.61 per cent of the 14,981,113 tourists who visited the islands.

The market share drops a point compared to the ten per cent it represented in 2010. However, as the study reflects, from 2015 to 2016 there has been an increase of 24.83 per cent in the demand for holiday rental, from 1,033 .917 tourists, in 2015, to 1,290,609 tourists in 2016.

The study quantifies that, in the Canary Islands, throughout 2016, there were 29,931 vacation homes, 1,743 more than in 2015. These encom-passed 129,685 beds, 7,838 beds more than the year 2015.

The total offer of accommodation in the Canary Islands is estimated at 553,416 beds; while the total of regulated amounts to 432,420 beds. Total vacation homes represent 23.43 per cent of the total offer.

According to the report, Tenerife is the island that concentrates more beds of holiday homes, with a total of 49,791 and 11,549 homes, which represents 38.39 per cent of the total supply of the Canary Islands.

Gran Canaria, on the other hand, with 24,792 beds, 6,084 homes and 19,12 per cnt of the Canary Islands offer, is the one with the lowest percen-tage of the total offer of accommodation in the island: 15.30 per cent, while La Palma has the highest percentage of holiday homes at 35.80 per cent.

Regarding the channel or digital platforms for which the holiday home is sold, this new study reveals that 57 per cent of the market share is concentrated by two plat-forms: Airbnb and Homeaway (Expedia).