UK Short Term Vacation Rental Market Size & Outlook, 2030

Revenue, 2022 (US$M)

$7,521.6

Forecast, 2030 (US$M)

$17,246.5

CAGR, 2023 - 2030

10.9%

Report Coverage

UK short term vacation rental market, 2017-2030 (US$M)

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Global Short Term Vacation Rental Industry Outlook

North America Short Term Vacation Rental Market Outlook

U.S. Short Term Vacation Rental Market Outlook

Canada Short Term Vacation Rental Market Outlook

Europe Short Term Vacation Rental Market Outlook

Germany Short Term Vacation Rental Market Outlook

Asia Pacific Short Term Vacation Rental Market Outlook

Japan Short Term Vacation Rental Market Outlook

China Short Term Vacation Rental Market Outlook

Australia Short Term Vacation Rental Market Outlook

Latin America Short Term Vacation Rental Market Outlook

Brazil Short Term Vacation Rental Market Outlook

MEA Short Term Vacation Rental Market Outlook

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UK short term vacation rental market highlights

The UK short term vacation rental market generated a revenue of USD 7,521.6 million in 2022 and is expected to reach USD 17,246.5 million by 2030.
The UK market is expected to grow at a CAGR of 10.9% from 2023 to 2030.
In terms of segment, home was the largest revenue generating accommodation type in 2022.
Resort/Condominium is the most lucrative accommodation type segment registering the fastest growth during the forecast period.

Short term vacation rental market data book summary

Market revenue in 2022	USD 7,521.6 million
Market revenue in 2030	USD 17,246.5 million
Growth rate	10.9% (CAGR from 2022 to 2030)
Largest segment	Home
Fastest growing segment	Resort/Condominium
Historical data	2017 - 2021
Base year	2022
Forecast period	2023 - 2030
Quantitative units	Revenue in USD million
Market segmentation	Home, Apartments, Resort/Condominium
Key market players worldwide	Airbnb Inc Ordinary Shares - Class A, Booking Holdings Inc, Expedia Group Inc, MakeMyTrip Ltd, Tripadvisor Inc, Wyndham Hotels & Resorts Inc Ordinary Shares

Other key industry trends

In terms of revenue, UK accounted for 6.9% of the global short term vacation rental market in 2022.
Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
In Europe, UK short term vacation rental market is projected to lead the regional market in terms of revenue in 2030.
France is the fastest growing regional market in Europe and is projected to reach USD 13,248.1 million by 2030.

Key Regions: U.S. , Japan , Brazil , Canada , Germany

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Short Term Vacation Rental Market Scope

Short term vacation rental market segmentation & scope

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Short Term Vacation Rental Market Companies

Name	Profile	# Employees	HQ	Website

UK short term vacation rental market outlook

The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to short term vacation rental market will help companies and investors design strategic landscapes.

Home was the largest segment with a revenue share of 45.65% in 2022. Horizon Databook has segmented the UK short term vacation rental market based on home, apartments, resort/condominium covering the revenue growth of each sub-segment from 2017 to 2030.

According to Office for National Statistics U.K, there were 3.0 million visits to U.K.by overseas visitors in June 2022. The short-term vacation rental market has been growing significantly in the U.K. Major cities like London, Edinburgh, Manchester, and Brighton, as well as popular tourist destinations in the countryside and coastal regions, have witnessed a surge in the availability and demand for vacation rentals.

According to the data published by the Transparent Intelligence, Inc. in June 2020, the number of short term rental reservations from January to June 2020 in Highlands and Islands, Northern Ireland, and West Central Scotland dropped by over 45% as compared to the same period in 2019.

Also, according to the same source, the short-term rental sector in the United Kingdom has undergone a strong recovery, surpassing the demand for nights in such properties recorded in 2019. This trend has persisted throughout 2022 and continued into early 2023, with demand growing at a faster pace than the supply.

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Target buyers of UK short term vacation rental market databook

Our clientele includes a mix of short term vacation rental market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the UK short term vacation rental market , including forecasts for subscribers. This country databook contains high-level insights into UK short term vacation rental market from 2017 to 2030, including revenue numbers, major trends, and company profiles.