com organises the rental of self-catering units, almost exclusively to British holidaymakers, one of Ireland’s most important markets for tourists. The company’s parent group, Vacation Rental (UK) Ltd, has sent letters to hundreds of property owners in Ireland telling them that it will no longer operate here from the end of this year. “It’s a big blow for the owners affected,” said Jacinta Doolan, president of the Irish Self-Catering Federation, which represents the sector. Cottages.com traditionally required exclusive agency deals with property owners until recently, a move that would leave some owners more exposed. Vacations Rental (UK) reported profits before tax of £22.8 million (€25.2 million) and turnover of £93.3 million (€103 million) in 2018, the last year for which accounts area available.

Source: The Irish Times July 07, 2020 04:37 UTC