UK Short Term Vacation Rental Market Size & Outlook
UK short term vacation rental market, 2017-2030 (US$M)
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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.
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Short Term Vacation Rental Market Scope
Short Term Vacation Rental Market Companies
| Name | Profile | # Employees | HQ | Website |
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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
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Our clientele includes a mix of short term vacation rental market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
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.
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UK short term vacation rental market size, by accommodation type, 2017-2030 (US$M)
UK Short Term Vacation Rental Market Outlook Share, 2022 & 2030 (US$M)
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