U.K. STRs Grows 16 Times Faster Than Hotels
Short-term rentals (STRs) in the U.K. have grown 16 times faster in the last decade compared to hotels, reflecting the changing priorities of travelers seeking experience-led accommodation. According to data from the U.K. Office for National Statistics, the STR sector saw a 90.7% increase in the number of businesses, growing from 3,780 in 2013 to 7,219 in 2023 (or 3,430 new businesses). In contrast, the number of hotel businesses grew by only 5.6% over the same period from 12,385 to 13,080.
Travel Daily News (10/10/24) Theodore Koumelis
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