Fully booked: The weak pound has increased tourist numbers and supported revenue growth

Operators in the Holiday Accommodation industry provide accommodation for domestic and international holidaymakers in the form of cottages, lodges and self-catered apartments, and operate hostels, guesthouses, and holiday centres and villages. The industry's performance has benefited from favourable conditions over the past five years, and has broadly followed trends in inbound and outbound tourism and fluctuations in weather conditions.Although the economy has recovered over the past five years, the staycation trend that emerged during the downturn has remained robust, benefiting operators. This supported industry growth during the first half of the period...read more.

Industry Statistics & Market Size
Revenue
£2.4bn
Annual Growth 14-19
3.0%
Forecast Growth 19-24
Profit
Employment
42,137
Businesses
4,514

Industry Threats & Opportunities

  • Despite econom recovery, the staycation trend has remained, supporting industry growth
  • The United Kingdom has become a comparatively cheap destination for foreign travellers
  • Growing disposable incomes in developing countries are expected to support international visitor numbers
  • Industry Report - Industry Key Buyers Chapter

    Market share concentration in the industry is low. The four largest firms are estimated to account for 28.8% of total industry revenue in 2018-19. The industry is highly fragmented. However, industry concentration increased as a result of the merger between Parkdean and Park Resorts in July 2015. Nevertheless, the majority of guesthouses and self-catered cottages and apartments are family owned and operated.Approximately 89.3% of industry enterprises employ fewer than 10 people. This reflects the large number of small guesthouses with a small number of employees and the many holiday homes that are owned by families that do not employ any staff directly. The largest player in the industry is holiday village operator Center Parcs, with an estimated market share of 15% in 2018-19. It ...purchase to read more.

    Additional Insights for the Holiday Accommodation Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Holiday Accommodation Industry are

  • Access to the latest available and most efficient technology and techniques
  • Proximity to key markets
  • Maintenance of excellent customer relations
  • IBISWorld analysts also discuss how external factors such as Real household disposable income and Total domestic tourism in the Holiday Accommodation industry impact industry performance..

    shopping_cartPURCHASE OPTIONS

    What's in this report

    What is the Holiday Accommodation Industry?

    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.

    Industry Products
  • Self-catered cottages and chalets
  • Hostels and guesthouses
  • Holiday villages
  • Industry Activities
  • Providing accommodation in holiday centres and villages
  • Providing accommodation in guesthouses
  • Providing accommodation in youth hostels
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Real household disposable income
  • Total domestic tourism
  • Consumer confidence index
  • International tourist numbers
  • Real effective exchange rate

  • Current Performance
  • Staying local
  • Flying visit
  • The sharing economy
  • Industry margins
  • Chart: Revenue Growth

  • Industry Outlook
  • Turbulent times
  • Profit pressure
  • Table: Holiday Accommodation Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Holiday Accommodation Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Consumers

  • Key Selling Industries
  • Computer & Peripheral Equipment Wholesaling
  • Furniture, Lighting & Homeware Retailers
  • Household Appliance & Television Wholesaling
  • Search Engines

  • Products & Services
  • Holiday villages
  • Self-catered cottages and chalets
  • Hostels and guesthouses
  • Chart: Holiday Accommodation Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Domestic guests
  • International visitors
  • Chart: Major Market Segmentation for the Holiday Accommodation Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
    ProfitPurchasesWagesDepreciationRent and utility costsOther costs
  • Chart: Cost Structure Benchmarking – Sector vs Holiday Accommodation

  • Basis of Competition
  • Internal competition
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Holiday Accommodation Industry

  • Industry Globalization
    Center Parcs (Operating Company) Limited, Parkdean Resorts Ltd,
  • Table: Center Parcs (Operating Company) Limited - financial performance
  • Table: Parkdean Resorts Ltd - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Holiday Accommodation Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Holiday Accommodation Industry
    Includes:
  • Industry Revenue (2010-2024)
  • Industry Gross Product (2010-2024)
  • Establishments (2010-2024)
  • Businesses (2010-2024)
  • Employment (2010-2024)
  • Wages (2010-2024)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Guesthouse
  • Unlike a bed and breakfast, a guesthouse tends to be a proper business that needs to justify its existence through income and profits, and buyers will usually need to take out a commercial mortgage.
  • Holiday Village
  • Holiday villages provide a range of accommodation, entertainment and dining options in a contained village.
  • Online Travel Agent (Ota)
  • An online travel agency (OTA) specialises in offering planning sources and booking capabilities.
  • Staycation
  • A recent trend where Britons are choosing to travel around the United Kingdom rather than travelling abroad.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s Holiday Accommodation market research report is a comprehensive guide to market size and growth prospects. Our industry reports offer strategic industry analysis of the factors influencing companies, including new product developments, economic, lifestyle and demographic influences, distribution and supply chain factors and pricing issues. Full analysis accompanies our data forecasts to illustrate how the market responds to emerging industry trends.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Holiday Accommodation:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Holiday Accommodation market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Holiday Accommodation, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

    Contact Us

    Would you like to speak to an IBISWorld representative?

    clear