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I am afraid there is case law confirming that using a property for a holiday let is classed as a business use, and therefore you would be in breach of covenant if you did operate a holiday let.
I am sorry this is not the answer you were looking for, but it sets out the legal positon.
Thanks for confirming that. Is it possible to challenge or change a covenant?
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Unless all the parties who have the benefit of the covenant agree, I'm afraid you would not be able to challenge or change it.
Thanks. Does that mean I would need the agreement of my neighbours as I presume they would have the benefit of the covenant?
Yes- you would need all the neighbours to sign a document, confirming they would not object to your proposed use of the property.