This is the best summary I could come up with:

Short-term holiday rentals experienced a surge in recent years, especially during the pandemic, when Britons stayed at home in the UK, leading to a spike in rates.

However, holiday-let owners across the UK are reporting a significant fall in bookings so far this year as the sector feels the effects of the cost of living crisis, poor weather and an increasingly saturated market.

Data supplied from AirDNA, which tracks listings on holiday rental sites Airbnb and Vrbo, found 342,000 short-term lets available in the UK in the 12 months to February 2024, up 19% on the previous year.

Yvonne Turnbull, 58, who lives in Horsham, West Sussex, has been letting out a three-bedroom apartment in Scarborough, North Yorkshire, for between £150 and £175 a night, including through Airbnb, for the past six years.

Veeve, which offers short-term rentals, has seen a 21% drop in booking values across its London portfolio of more than 500 properties from January to 19 March since the same period last year.

The lack of bookings is another hit to the holiday-let industry after the government announced increased regulation and the end of tax relief from April 2025 in last month’s budget.

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