UK short-term rentals
Released on:
24th October 2024
Next release:
November 2024
For further information, please contact [email protected].
Lighthouse: short-term rentals trends
Report highlights
- In September 2024 we saw a 5% increase in ADR and a 10% increase in supply of short term rental properties compared to the same month in 2023. However, the number of reserved nights remained the same as it did in September 2023, and occupancy rates and revenue property remained lower.
- From August to September, the most popular UK cities by nights reserved saw minimal ranking changes. However, Birmingham swapped places with Bristol becoming the third most popular UK city, and York swapped places with Brighton, moving up to 7th place.
- The share of reviews by global regions also changed, with the Americas and APAC holding a larger share in September 2024 compared to August 2024. This follows a similar trend observed in September 2023.
- The West Midlands, East Midlands, and North East continue to show the strongest growth in both supply and nights reserved compared to 2019, while Scotland is the only destination where supply has fallen below 2019 levels.
View the latest report
Lighthouse - Short Term Rentals Sept 2024
Find out the latest trends in the supply and performance of short term rental properties across the UK.
Published: 24th October 2024
Explore short-term rentals trends in more detail
Browse data showcasing the latest trends in the UK short-term rentals sector using our interactive dashboard. The dashboard reveals insights on the supply of short-term rental properties, along with occupancy, average daily rates and more. Use interactive filters to compare trends across different time periods and UK regions.
About the report
Lighthouse (formerly Transparent Intelligence) tracks over 35 million vacation rental listings worldwide and maintains a proprietary database of hundreds of thousands of reservations tracked by month. Listings on the four major short-term rental platforms are tracked: Airbnb, Booking.com, Vrbo and Tripadvisor. Listings data is deduplicated when the same property is advertised on more than one platform.
The UK Government defines a short-term rental property as ‘a dwelling, or part of a dwelling, provided by a host to a guest, for use as accommodation other than the guest’s only or principal residence, in return for payment, in the course of a trade or business carried on by the host’.
Historical data is available back to 2019, with future performance also available for up to one year in the future. We have limited future performance data shown in reports to three months in the future in order to ensure reliability, based on guidance from Lighthouse.
For further insights into accommodation in England, explore the results of the England Occupancy Survey (EOS) which measures bedroom and bedspace occupancy across the accommodation sector.