UK Vacation Rental Market Size & Outlook, 2023-2030
UK vacation rental market, 2017-2030 (US$M)
Related Markets
UK vacation rental market highlights
- The UK vacation rental market generated a revenue of USD 4,625.7 million in 2023 and is expected to reach USD 6,174.0 million by 2030.
- The UK market is expected to grow at a CAGR of 4.2% from 2024 to 2030.
- In terms of segment, home was the largest revenue generating rental type in 2023.
- Resort/Condominium is the most lucrative rental type segment registering the fastest growth during the forecast period.
Vacation rental market data book summary
| Market revenue in 2023 | USD 4,625.7 million |
| Market revenue in 2030 | USD 6,174.0 million |
| Growth rate | 4.2% (CAGR from 2023 to 2030) |
| Largest segment | Home |
| Fastest growing segment | Resort/Condominium |
| Historical data | 2017 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 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 Destinations, 9flats, Hotelplan Group, Novasol, OYO |
Other key industry trends
- In terms of revenue, UK accounted for 5.2% of the global vacation rental market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Europe, UK 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 4,276.8 million by 2030.
Home was the largest segment with a revenue share of 49.63% in 2023. Horizon Databook has segmented the UK vacation rental market based on home, apartments, resort/condominium covering the revenue growth of each sub-segment from 2017 to 2030.
The vacation rental industry has been growing significantly in the U.K. As per the Airbnb Annual Citizen Report, the number of listings grew by 80% YOY in some regions of the country in 2019. London, Edinburgh, and Glasgow are the key cities in the country.
According to the data published by the Transparent in June 2020, the number of short-term rental reservations from January to June 2020 in Highland and Islands, Northern Ireland, and West Central Scotland dropped by over 45% as compared to the same period in 2019, whereas East London suffered only a 16% drop. Additionally, 3 consecutive heavy storms in the country have reduced the number of booking in the U.K. in February 2020.
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Vacation Rental Market Scope
Vacation Rental Market Companies
| Name | Profile | # Employees | HQ | Website |
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UK vacation rental market size, by rental type, 2017-2030 (US$M)
UK Vacation Rental Market Outlook Share, 2023 & 2030 (US$M)
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