The short-term rental sector bounces back from the low in Covid …

London’s short-term rentals industry has rebounded from the Covid closures and is now stronger than serviced hotels and apartments.

This is the result of a study by the UK Short Term Accommodation Association, which represents large-scale short-term hosts and suppliers to the industry.

The occupancy rate for short-term rentals in London rose from 43.1% in May 2020 to 64.1% in May 2021 – an increase of 48.8% and an increase of 12.5% ​​just between April and May of this year.

This hotel has outperformed the hotel and serviced apartments performance.

Short-term rentals saw the strongest growth in revenue per available room over the same period – up 44% – while serviced apartments were up 25.2% and hotels were down 2. 6%.

The average stay for short-term rentals fell from 11.9 days in May 2020 to 13.3 days in December 2020, peaking at 14.3 days in November.

STAA President Merilee Karr said: “While there will still be a hole due to the lack of international visitors to London, customer confidence and the strength of the holiday trend should further fuel the recovery of accommodation in London.

“The ease with which guests can socially distance themselves from others, and benefits such as high standards of cleanliness and safety, should cement short-term rentals as a common option for tourists and vacationers. “

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