The study has identified four key findings:

Airbnb guests delivered significant economic benefits for communities across the UK, and the platform has supported the growth of the tourism economy.

• Travel on Airbnb generated £5.7bn of gross value added (GVA) and supported over 75,000 jobs in the UK in 2023. This is worth over £17/month per UK household.
• Short-term lets have spread the benefits of tourism to local areas with limited traditional tourism infrastructure, and enabled tourism to grow beyond the capacity of traditional accommodation.

The share of properties listed full-time on Airbnb is too small to have any significant impact on housing supply.

• Entire homes listed on Airbnb account for less than 0.7% of total dwellings in the UK. However, the average Airbnb host rents their home for fewer than three days per month, indicating that the majority of hosts live in the homes they list on the platform.
• When considering only those listings on Airbnb that are hosted for 90 nights or more per year, the proportion drops even further to just 0.17% of the housing stock.
• In two-thirds of local authorities, entire homes listed on Airbnb account for less than 0.5% of total dwellings. There are only 25 local authorities where more than 2% of total dwellings are listed on Airbnb.

Across the vast majority of areas studied, there is no relationship between the growth in listings on Airbnb and the increase in housing costs.

• Averaged across all households in the UK, the impact of Airbnb on housing costs is £8/month.
• It’s worth noting that the raw data shows that the impact on housing costs is primarily seen in specific areas, whilst the majority of local authorities in the UK show no correlation between the increase in active Airbnb listings and affordability.
• GVA impact outweighs any impacts on housing in every country, region and local authority, including those where there is a relationship between Airbnb availability and housing affordability.
• Over 95% of the change in rents and house prices from 2015 to 2022 is due to other factors unrelated to the growth of short-term lets, most of which is simply rents and house prices rising in line with incomes over this period, with some small impacts from changes in the economy and in population.

Overall, the economic benefits of Airbnb-linked travel in the UK exceed the impact on housing costs.

• The economic benefits exceed the impact on housing costs in every nation, every region and every local authority considered in this report.
• The economic benefit of Airbnblinked travel (£17/month per household) is double any possible impact on housing affordability (£8/month per household) that could be related to the growth of listings on Airbnb.
• Wherever there has been a rise in Airbnb availability and a decline in housing affordability, there has also been a strong beneficial impact on the local economy as measured by the gain in local area GVA. For instance, North Norfolk saw an economic gain of £56/month per household, over four times that of any possible impact on housing costs.

• Foreword
• Summary of Key Findings
• Overview and Detailed Findings
• Introduction
• UK Housing Market And The Role Of Short-Term Lets
• Travel On Airbnb: Economy And The Housing Market
• Results: Economic And Housing Impacts.
• Key Takeaways
• Appendix