Hospitality

Airbnb Climbing in UK

Airbnb listings represent one third of the hotel rooms available in London, according to a study by United Kingdom accounting firm Moore Stephens.

The study found that there are approximately 64,000 listed properties in the British capital, compared with 197,970 hotel rooms. Brighton, Bristol, Norfolk and Manchester also have big listings.

The home-sharing service represents 30% of the hotel sector in Brighton and 20% in Bristol. “Airbnb is increasingly taking market share from hotels,” said Peter Duffy, director at Moore Stephens. “Hotel groups say this because Airbnb can bypass industry regulations allowing it ...