* Updated June 15th, 2021
Since 2010 tourism has been the fastest-growing sector in the UK in employment terms. Britain is forecast to have a tourism industry worth over £257 billion by 2025.
In recent months, the travel industry has been hit the hardest by the pandemic, also dragging down with it the short-term rental market.
Prime Minister Boris Johnson announced a strict England-wide lockdown from 6 January 2021, which will last until at least mid-February. People will only be legally allowed to leave home for a very limited number of essential purposes.
How hard coronavirus hit the travel industry? Will the short-term rental market be able to recover?
We have collected the appropriate data, to draw usable conclusions and perhaps get the dose of optimism that many of us need.
Please find below the statistics we have collected from Syncbnb customers, spanning 78 countries around the world and several properties.
New bookings per week
Looking at the above chart we observe that the third wave of the pandemic has affected the new bookings in the UK, much more than the first two.
However, in the last few weeks, the new bookings are experiencing an increase, compared to the bookings of the same period in 2020 but they are still at a lower level than in 2019.
Accumulated bookings per week
Looking at the accumulated bookings for the last 3 years, we observe a similar pattern. There is a steep increase in this month’s bookings, but with a 39% decrease compared to the accumulated bookings in June 2019.
To conclude, it seems that the third wave of the pandemic still affects the new bookings in the UK, but there is an increase in this month’s new bookings, which allows us to look through this season in a positive light.
Let’s hope this trend continues.
Stats will be updated weekly.