With an estimated 100,000 visitors expected to pack Windsor for the royal wedding, locals are hoping to reap the benefits by renting out their homes for thousands of dollars a night.
Locals in Windsor, U.K., and surrounding areas are listing their homes on Airbnb, aiming to cash in on royal watchers seeking to get as close as possible to the royal wedding.
Indeed, accommodation close to the regal nuptials will be highly sought after among tourists who want to catch a glimpse of Prince Harry and Meghan Markle on their big day.
Airbnb says the âunlikely tourist hotspot Slough,â which is an approximately 10 minute drive from Windsor, has seen an increase of 1,438 per cent in guest arrivals on the rental website when compared to the same period last year.
Surrounding areas have also seen an , with Maidenhead increasing by 364 per cent while arrivals to Windsor are up by 194 per cent and Reading by 57 per cent.
In Windsor, those renting their homes on the property rental website are expected to receive a total host income of $219,695 (£126,800), Airbnb says, with an average of $611 (£353) for the wedding weekend.
While patriotic Brits rank high among the nationalities flocking to London for the royal wedding, Americans are number one on the list, rounded out by France, Germany, and Australia.
âNext to Windsor Castleâ
One of the properties on Airbnb, a townhouse described as being â,â has been booked by out-of-towners at the price of approximately $3,483 a night, Castle Properties managing director Tim Woods said in a telephone interview with CTVNews.ca.
On a regular weeknight during the year, it would be listed at approximately $609 on a weeknight, or $696 on a weekend.
About 100 metres away from the entrance of the castle, the terraced property has 5 bedrooms, and can accommodate 9 guests. Woods describes the townhouseâs location as being the âclosest accommodation including Airbnb or hotels or anything you can get to the castle.
âFrom the bedroom window theyâll see the royal carriage coming out of Windsor Castle and going down the road,â he said.
âIf they walked out the front door, theyâll be right in the best position where everyone else will be gathering around the castle.â
The view from the townhouse window. (Credit: )
Woods is the managing director of Castle Properties, which manages another three properties suitable to royal wedding watchers, one of which is a cottage in Windsor, while the other two are located in nearby Eton, a 5-minute walk away.
The period cottage, which could sleep up to 8 people, is also within a couple of hundred metres of the wedding action. Listed at $2,611 a night to stay there over the royal wedding, it would typically be listed at $350-435 a weeknight at other times of the year.
The cottage and Eton properties have not yet been booked but Woods says heâs received inquiries about booking properties for the royal wedding period from all over the world, including from American, Canadian and French travellers, as well as tourists from within the United Kingdom.
Also in Windsor, social media influencers and entrepreneurs Megan and Whitney Bacon-Evans have listed their âstylish Windsor home perfect for the royal wedding,â for the first time on Airbnb â and likely for the last time - at $3,219 (1,850 pounds) a night.
A Victorian-style home, which would be described as a townhouse in North America, the decor is âPalm Springs meets Scandinavia with a dash of French and obviously an English twist,â says Whitney, originally from the U.S. while her wife Meghan is from Windsor.
Seating area in the Victorian-style townhouse. (Credit: Megan and Whitney Bacon-Evans)
The home, which has a parking garage, 2 bedrooms and could sleep 4 guests, is a five-minute walk into town, and about an eight-minute walk to the castle.
Listed just days before the wedding, there have been some inquiries from journalists, but it has not been booked yet.
Meanwhile in nearby Eton, a one-bedroom, 2-bathroom apartment described as an âexclusive riverside flat with stunning castle view,â has been posted on for $3,047 a night.
Alexander Cartlidge listed the property a few months after reading an article about locals offering their flats for the royal wedding weekend.
While Cartlidge, an airline pilot, has received a few queries, it hasnât been booked â yet. If it were to be rented out, heâd stay with nearby family members.
The property is ideal, he says, âmainly because of the location; itâs on the river,â with a âgreat view of the castle â actually a stunning view.â
A view from the riverside flat. (Credit: Alexander Cartlidge)
Furthermore, itâs ânicely positioned in Eton, away from the tourists in Windsor.â
Needless to say, Windsor and the surrounding areas are expected to be extremely busy for the royal wedding weekend, and there will be a series of road closures and limited parking to accommodate the large number of expected visitors.
The has released a series of , including the recommendation that visitors book parking in advance.
Anthony Eskinazi, the founder of JustPark, which allows people to rent out underutilized parking spaces says he, too, has seen an increase in Windsor homeowners listing their spaces before the royal wedding.
âBoth the supply and demand have increased considerably in the buildup to the royal wedding,â he said.
According to JustPark, since the date of the Royal Wedding was announced, demand for parking around Windsor has increasde by 50 per cent. And the average price of parking has doubled, from about $10.50 to $22.
âA royal townâ
Indeed, there is hope the interest in Windsor will boost the townâs economy over the long run.
âWindsor has always been a royal town but we like to think itâs certainly the Queenâs favourite home so when we have a royal wedding ⌠itâs wonderful,â Woods said.
âPeople are always going to be wanting to come in and see the castle and see where they got married.â
Still, London-based property litigation solicitor Aileigh Brough cautions homeowners may fail to realize money made by renting out their flat is taxable income.
They should consider âhow much money theyâre making and whether or not thatâs going to push them over their income threshold and make them liable for tax,â said Brough, with Meaby&Co Solicitors.
âIf you go over the limit you do have to declare it in your tax return under rental income.â
The U.K.âs tax authorities, HMRC, use a social network analysis data mining system called Connect, which assesses income information gleaned from websites such as Airbnb.
âPeople are quite unaware that theyâre able to do that.⌠people arenât informing themselves and they are quite eager to cash in, but thereâs a bit of a bigger issue there that people forget to think about.â
Âéśš´ŤĂ˝â Senior Web Producer Mary Nersessian will be among the news crew on the ground in Windsor and London, reporting on the royal wedding with behind-the-scenes updates on CTVNews.ca, and social media channels including , , and Snapchat. Starting on Tuesday, watch for her Daily Dispatch from Windsor and follow the wall-to-wall digital coverage on CTVNews.ca/royals.