In 2023, the turnover of short-stay accommodations in the UK stood at 2.85 billion Euros. The forecast from 2024 to 2028 predicts a steady increase in turnover values, from 2.9 billion Euros in 2024 to 3.11 billion Euros in 2028.
Year-on-year percentage variations indicate modest but consistent growth:
- 2024-2025: 1.72% increase
- 2025-2026: 1.69% increase
- 2026-2027: 2.00% increase
- 2027-2028: 1.63% increase
The compound annual growth rate (CAGR) over this five-year period is approximately 1.76%, reflecting a stable expansion of the market.
Future trends to monitor include the impact of economic fluctuations, changes in travel preferences post-pandemic, and the effect of potential regulatory changes on short-stay accommodation demand. These factors can significantly influence the market trajectory going forward.
