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Holiday Accommodation in the UK - Market Research Report (2014-2029)

Krasimir Dinev Krasimir Dinev London, United Kingdom Last Updated: October 2024 SIC I55.200

Revenue

£3.4bn

2024-25

£3.4bn

Past 5-Year Growth

Profit

£XXX.Xm

Employees

52,979

Businesses

7,215

Wages

£XXX.Xm

Holiday Accommodation in the UK industry analysis

The staycation trend after the Brexit vote and COVID-19 has spurred demand for UK holiday accommodation. The weak pound has made the UK a more affordable holiday destination for international tourists, driving up demand, while also keeping some Brits from going abroad – that’s become more expensive. Revenue is expected to inch upwards at a compound annual rate of 2.5% over the five years through 2024-25 to £3.4 billion, including a forecast hike of 1.5% in 2024-25.

Trends and Insights

  • The strong staycation trend fuels revenue growth. Many consumers have warmed up to the range of holiday destinations that the UK offers, including national parks, lakes and beaches. However, this trend is waning amid poor weather and consumers’ financial challenges.
  • Accommodation providers go the extra mile to draw in guests. Some are introducing smart home technology, while others are becoming more pet-friendly and introducing sustainable practices. These features enhance the customer experience and allow providers to charge more, boosting revenue.
  • Popular holiday destinations in the south of England draw companies in. Holidaymakers enjoy the south coast's warmer weather, beaches and outdoor activities. Park Holidays, a leading holiday accommodation provider, primarily operates in the South East.
  • Online travel agencies intensify competition. The expansion of OTAs like Expedia and Booking.com means people can easily compare prices and reviews, making it necessary to set prices competitively and provide a top-rate service.

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  • Market estimates from 2014-2029
  • Critical performance data and rankings
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Industry Statistics and Trends

Market size and recent performance (2014-2029)

Industry revenue has grown at a CAGR of 2.9 % over the past five years, to reach an estimated £3.4bn in 2024.

Trends and Insights

More Britons choose to holiday closer to home

  • Staycations are driving up demand for holiday accommodation providers. The economic uncertainty created by Brexit discouraged domestic consumers from travelling abroad and choose UK destinations instead – and COVID-19 and the cost-of-living crisis have only furthered this trend.
  • Additional trends and insights available with purchase
Holiday Accommodation in the UK
Revenue (2014-2029)
IBISWorld Logo Source: IBISWorld

Industry outlook (2024-2029)

Market size is projected to grow over the next five years.

Trends and Insights

Many Brits will continue to flock to local destinations, pushing up revenue

  • Despite a recent slowdown in domestic bookings, demand for staycations will likely remain strong, providing significant support to holiday cottages, hostels and holiday villages.

Biggest companies in the Holiday Accommodation in the UK

Company
Market Share (%)
2025
Revenue (£m)
2025
Center Parcs (Holdings 1) Ltd
376.4
Park Holidays UK Ltd
125.4
Haven Leisure Ltd
107.7

To view the market share and analysis for all 5 top companies in this industry, view purchase options.

Products & Services Segmentation

Holiday Accommodation in the UK
Products & Services
IBISWorld Logo Source: IBISWorld

Industry revenue is measured across several distinct product and services lines, including Self-catered cottages and chalets , Hostels and guesthouses and Holiday villages. Self-catered cottages and chalets is the largest segment of the Holiday Accommodation in the UK.

Trends and Insights

The staycation trend lifts demand for self-catered cottages and chalets

  • This segment includes cottages, chalets and flats not encompassed within a holiday resort. A self-catered cottage has a suite with a bathroom and a kitchen and doesn't include complementary services.
  • More insights available in the full report

Table of Contents

About this industry

Industry definition

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 doesn't include serviced apartments or the provision of accommodation for more permanent use. It also excludes campgrounds and caravan parks.

What's included in this industry?

Self-catered cottages and chaletsHoliday villagesHostels and guesthouses

Companies

Center Parcs (Holdings 1) LtdPark Holidays UK LtdHaven Leisure Ltd

Purchase this report to view all 5 major companies in this industry.

Related Terms

HOLIDAY VILLAGESTAYCATIONONLINE TRAVEL AGENT

Industry Code

SIC 2007

SIC 55.20 - Holiday Accommodation in the UK

Performance

Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.

Analyst insights

The strong staycation trend fuels revenue growth. Many consumers have warmed up to the range of holiday destinations that the UK offers, including national parks, lakes and b...

In this chapter (4)

  • Current Performance
  • Outlook
  • Volatility
  • Life Cycle

Key metrics

  • Annual Revenue, Recent Growth, Forecast, Revenue Volatility
  • Number of Employees, Recent Growth, Forecast, Employees per Business, Revenue per Employee
  • Number of Businesses, Recent Growth, Forecast, Employees per Business, Revenue per Business
  • Total Profit, Profit Margin, Profit per Business

Charts

  • Revenue, including historical (2014-2023) and forecast (2024-2029)
  • Employees, including historical (2014-2023) and forecast (2024-2029)
  • Businesses, including historical (2014-2023) and forecast (2024-2029)
  • Profit, including historical (2014-2024)
  • Industry Volatility vs. Revenue Growth
  • Industry Life Cycle

Detailed analysis

  • Trends in supply, demand and current events that are driving current industry performance
  • Expected trends, economic factors and ongoing events that drive the industry's outlook
  • Key success factors for businesses to overcome volatility
  • How contribution to GDP, industry saturation, innovation, consolidation, and technology and systems influence the industry's life cycle phase.

Products and Markets

Learn about an industry's products and services, markets and trends in international trade.

Analyst insight

Accommodation providers go the extra mile to draw in guests. Some are introducing smart home technology, while others are becoming more pet-friendly and introducing sustainab...

In this chapter

  • Products & Services
  • Major Markets

Key metrics

  • Largest market segment and value in 2024
  • Product innovation level

Charts

  • Products & services segmentation in 2024
  • Major market segmentation in 2024

Detailed analysis

  • Trends impacting the recent performance of the industry's various segments
  • Innovations in the industry's product or service offering, specialization or delivery method
  • Key factors that successful businesses consider in their offerings
  • Buying segments and key trends influencing demand for industry products and services

Geographic Breakdown

Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.

Analyst insights

Popular holiday destinations in the south of England draw companies in. Holidaymakers enjoy the south coast's warmer weather, beaches and outdoor activities. Park Holidays, a...

In this chapter (1)

  • Business Locations

Charts

  • Share of revenue, establishment, wages and employment in each region
  • Share of population compared to establishments in each region in 2024

Tables

  • Number and share of establishments in each region in 2024
  • Number and share of revenue each region accounts for in 2024
  • Number and share of wages each region accounts for in 2024
  • Number and share of employees in each region in 2024

Detailed analysis

  • Geographic spread of the industry across Europe, and trends associated with changes in the business landscape
  • Key success factors for businesses to use location to their advantage

Competitive Forces

Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.

Analyst insights

Online travel agencies intensify competition. The expansion of OTAs like Expedia and Booking.com means people can easily compare prices and reviews, making it necessary to se...

In this chapter (4)

  • Concentration
  • Barriers to Entry
  • Substitutes
  • Buyer & Supplier Analysis

Key metrics

  • Industry concentration level
  • Industry competition level and trend
  • Barriers to entry level and trend
  • Substitutes level and trend
  • Buyer power level and trend
  • Supplier power level and trend

Charts

  • Market share concentration among the top 4 suppliers from 2019-2024
  • Supply chain including upstream supplying industries and downstream buying industries, flow chart

Detailed analysis

  • Factors impacting the industry’s level of concentration, such as business distribution, new entrants, or merger and acquisition activity.
  • Key success factors for businesses to manage the competitive environment of the industry.
  • Challenges that potential industry entrants face such as legal, start-up costs, differentiation, labor/capital intensity and capital expenses.
  • Key success factors for potential entrants to overcome barriers to entry.
  • Competitive threats from potential substitutes for the industry’s own products and services.
  • Key success factors for how successful businesses can compete with substitutes.
  • Advantages that buyers have to keep favorable purchasing conditions.
  • Advantages that suppliers have to maintain favorable selling conditions.
  • Key success factors for how businesses can navigate buyer and supplier power.

Companies

Learn about the performance of the top companies in the industry.

Analyst insights

Center Parcs establishes a stronghold in the family break market. It targets the premium end of the UK family short-break market, operating holiday villages that provide gues...

In this chapter

  • Market Share Concentration
  • Companies
  • Company Spotlights

Charts

  • Industry market share by company in 2020 through 2024
  • Major companies in the industry, including market share, revenue, profit and profit margin in 2024
  • Overview of Center Parcs (Holdings 1) Ltd's performance by revenue, market share and profit margin from 2018 through 2024
  • Overview of Park Holidays UK Ltd's performance by revenue, market share and profit margin from 2018 through 2024
  • Overview of Haven Leisure Ltd's performance by revenue, market share and profit margin from 2018 through 2024
  • Overview of revenue, market share and profit margin trend for 2 additional companies

Detailed analysis

  • Description and key data for Center Parcs (Holdings 1) Ltd, and factors influencing its performance in the industry
  • Description and key data for Park Holidays UK Ltd, and factors influencing its performance in the industry
  • Description and key data for Haven Leisure Ltd, and factors influencing its performance in the industry
  • Description, key data and performance trends for 2 additional companies

External Environment

Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.   

Analyst insights

UK's robust domestic tourism boosts holiday accommodation industry. As more locals explore their homeland, demand for short-term lodgings like holiday centres, hostels and co...

In this chapter

  • External Drivers
  • Regulation & Policy
  • Assistance

Key metrics

  • Regulation & policy level and trend
  • Assistance level and trend

Charts

  • Regulation & Policy historical data and forecast (2014-2029) 
  • Assistance historical data and forecast (2014-2029) 

Detailed analysis

  • Demographic and macroeconomic factors influencing the industry, including Regulation & Policy and Assistance
  • Major types of regulations, regulatory bodies, industry standards or specific regulations impacting requirements for industry operators
  • Key governmental and non-governmental groups or policies that may provide some relief for industry operators.

Financial Benchmarks

View average costs for industry operators and compare financial data against an industry's financial benchmarks over time. 

Analyst insights

Holiday villages and centres tend to be highly labour-intensive. That being said, family-operated cottages and hostels have low wage expenses, employing only part-time staff ...

In this chapter

  • Cost Structure
  • Financial Ratios
  • Key Ratios

Key metrics

  • Profit margin, and how it compares to the sector-wide margin
  • Average wages, and how it compares to the sector-wide average wage
  • Largest cost component as a percentage of revenue
  • Industry average ratios for days' receivables, industry coverage and debt-to-net-worth ratio

Charts

  • Average industry operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2024
  • Average sector operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2024
  • Investment vs. share of economy

Data tables

  • Liquidity Ratios (2018-2022)
  • Coverage Ratios (2018-2022)
  • Leverage Ratios  (2018-2022)
  • Operating Ratios (2018-2022)
  • Assets (2018-2022)
  • Liabilities (2018-2022)
  • Cash Flow & Debt Service Ratios (2014-2029)
  • Revenue per Employee (2014-2029)
  • Revenue per Enterprise (2014-2029)
  • Employees per Establishment (2014-2029)
  • Employees per Enterprise (2014-2029)
  • Average Wage (2014-2029)
  • Wages/Revenue (2014-2029)
  • Establishments per Enterprise (2014-2029)
  • IVA/Revenue (2014-2029)
  • Imports/Demand (2014-2029)
  • Exports/Revenue (2014-2029)

Detailed analysis

  • Trends in the cost component for industry operators and their impact on industry costs and profitability 

Key Statistics

Industry Data

Data Tables

Including values and annual change:

  • Revenue (2014-2029)
  • IVA (2014-2029)
  • Establishments (2014-2029)
  • Enterprises (2014-2029)
  • Employment (2014-2029)
  • Exports (2014-2029)
  • Imports (2014-2029)
  • Wages (2014-2029)

Top Questions Answered

Unlock comprehensive answers and precise data upon purchase. View purchase options.

What is the market size of the Holiday Accommodation in the UK industry in United Kingdom in 2024?

The market size of the Holiday Accommodation in the UK industry in United Kingdom is £3.4bn in 2024.

How many businesses are there in the Holiday Accommodation in the UK industry in 2024?

There are 7,215 businesses in the Holiday Accommodation in the UK industry in United Kingdom, which has grown at a CAGR of 7.7 % between 2019 and 2024.

Has the Holiday Accommodation in the UK industry in United Kingdom grown or declined over the past 5 years?

The market size of the Holiday Accommodation in the UK industry in United Kingdom has been growing at a CAGR of 2.9 % between 2019 and 2024.

What is the forecast growth of the Holiday Accommodation in the UK industry in United Kingdom over the next 5 years?

Over the next five years, the Holiday Accommodation in the UK industry in United Kingdom is expected to grow.

What are the biggest companies in the Holiday Accommodation in the UK market in United Kingdom?

The biggest companies operating in the Holiday Accommodation market in United Kingdom are Center Parcs (Holdings 1) Ltd, Park Holidays UK Ltd and Haven Leisure Ltd

What does the Holiday Accommodation in the UK in United Kingdom include?

Self-catered cottages and chalets and Holiday villages are part of the Holiday Accommodation in the UK industry.

Which companies have the highest market share in the Holiday Accommodation in the UK in United Kingdom?

The company holding the most market share in United Kingdom is Center Parcs (Holdings 1) Ltd.

How competitive is the Holiday Accommodation in the UK industry in United Kingdom?

The level of competition is high and increasing in the Holiday Accommodation in the UK industry in United Kingdom.

Related Industries

Widen your competitive advantage with related industries

Competitors

  • Hotels in the UK
  • Caravan & Camping Sites in the UK
  • Full-Service Restaurants in the UK
  • Budget Hotels in the UK

Complementors

  • Airports in the UK

International industries

  • Hotels & Motels in the US
  • Bed & Breakfast & Hostel Accommodations in the US
  • Hotels & Motels in Canada
  • Serviced Apartments in Australia
  • Motels, Hostels and Holiday Parks in New Zealand

View all industries in United Kingdom

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Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and our own proprietary database of statistics and analysis to provide balanced, independent and accurate insights.

Key data sources in the UK include:

  • Office for National Statistics
  • Office for Budget Responsibility
  • Bank of England

Analysts also use industry specific sources to complement catch-all sources, although their perspective may focus on a particular organization or representative body, rather than a clear overview of all industry operations. However, when balanced against other perspectives, industry-specific sources provide insights into industry trends.

These sources include:

  • Industry and trade associations
  • Industry federations or regulators
  • Major industry players annual or quarterly filings

Finally, IBISWorld’s global data scientists maintain a proprietary database of macroeconomic and demand drivers, which our analysts use to help inform industry data and trends. They also maintain a database of statistics and analysis on thousands of industries, which has been built over our more than 50-year history and offers comprehensive insights into long-term trends.

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