Industry Analysis & Industry Trends
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. Furthermore, a relatively weak pound during the early part of the period made British excursions more attractive to foreign tourists... purchase to read more
Industry Report - Industry Key Buyers Chapter
Market share concentration in the industry is low. The four largest firms are estimated to account for 31.9% of total revenue in 2016-17. The industry is highly fragmented. However, industry concentration increased slightly in the current year as a result of the merger between Parkdean and Park Resorts. Nevertheless, the majority of guesthouses and self-catered cottages and apartments are family owned and operated. Approximately 86.9% of industry establishments have 10 or fewer employees. This reflects the large number of small guesthouses with a small number of employees and the many holiday homes, which are owned by families who do not employ any staff directly. The largest player in the industry is holiday village operator Center Parcs, with an estimated market share of 14.9% i.. purchase to read more