Holiday Accommodation in the UK - Industry Market Research Report

Holiday Accommodation in the UK - Industry Market Research Report

Holiday Accommodation in the UK

The staycation trend after the Brexit vote has spurred demand for UK holiday accommodation. The weak pound has made the UK a more affordable holiday destination for international tourists, supporting industry revenue. Similarly, the devaluation of the pound has made foreign holidays more expensive for UK consumers, encouraging many to take domestic holidays instead. Revenue is expected to rise at a compound annual rate of 0.2% over the five years through 2022-23 to £2.6 billion.

Businesses in this industry provide accommodation for short-stay visitors in lodging houses, hostels, rental cottages and holiday centres or villages. Very minimal complementary services are provided. The industry does not include serviced apartments or the provision of accommodation for more permanent use. It also excludes campgrounds and caravan parks.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.