A second home or vacation home can be a home owner's asset as renting it could provide additional income. Many vacationers are opting for a single family residence that they can rent on a nightly or weekly basis. In many cases the savings for them are significant compared to hotels or vacation packages. For owners it can be as rewarding as paying the mortgage. As people begin to realize this trend vacation type properties are becoming popular not only for existing homes but also for building one.
Renting a holiday cottage gives vacationers the freedom to eat in, eat out, stay in bed all day and generally come and go as they please. In contrast to this, accommodation in a bed and breakfast or hotel usually involves some sort of restriction on the time of day guests need to vacate their rooms for cleaning and so on.
Young children and babies can be more easily accommodated for in a holiday cottage where the parents do not feel pressure from other families (e.g. in a hotel resort) who may not have young children. The fact that guests are on holiday in a home together, often with three generations in larger houses, brings a much different atmosphere to the holiday.