Travellers can save up to 57%, by choosing a holiday rental in certain Asian destinations compared to an equivalent stay in a three-star hotel.

The conclusion was part of a cost comparison by TripAdvisor of more than 630,000 properties, worldwide. It showed that families and groups travelling for a week or more can save substantially by choosing a holiday rental.TripAdvisor

The study looked at the average cost of accommodation for a week’s stay in a two-bedroom holiday rental, as well as a week’s stay in two bedrooms in a three-star hotel, in international destinations popular with Singaporean travellers during the year-end peak holiday season.

Travellers, specifically those in need of multiple bedrooms for an extended stay, can save up to 57% by choosing a holiday rental.

For travellers planning a trip in Asia Pacific, the greatest savings can be found in Goa, Tokyo and Penang, where a one-week stay in a two-bedroom rental property comes in 57%, 41% and 30% cheaper respectively than the same stay in two three-star hotel rooms.

Travellers heading further afield could expect similar savings in popular North American and European destinations, with two bedroom rental properties coming in up to 39% cheaper than two hotel rooms.

“Holiday rentals are a great option, especially for families, or larger groups going away for a week or more who don’t mind forgoing certain hotel conveniences, such as housekeeping, room service and a concierge, in exchange for a more affordable stay,” commented Jean Ow-Yeong, TripAdvisor spokesperson.

“The end-of-year peak travel season is a notoriously expensive time to travel, but, our study showed, that choosing a holiday rental could make things much more affordable.”

The survey was based on holiday rental and hotel costs in popular destinations from 1 November 2014 to 31 December 2014.

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