PricewaterhouseCoopers: Britain's share economy will exceed £ 140 billion in 2025

According to data released by Pricewaterhouse Coopers (PWC), the volume of transactions in the five "sharing economy" industries in the UK will jump to 140 billion pounds in 2025, which is 20 times the current 7 billion pounds.

Two years ago, PricewaterhouseCoopers predicted that the UK's sharing economy would generate 9 billion pounds. This new forecast indicates that the future prospects of the sharing economy will be more open. PwC said that with the support of more data and analysis, it has updated its forecast and has re examined and re judged market opportunities.

The top five "sharing economy" industries include cooperative finance, sharing accommodation, on-demand transportation, on-demand housekeeping services and on-demand professional services.

Research shows that in Europe, the volume of point-to-point market transactions may grow from 28 billion euros now to 570 billion euros in 2025. According to PwC's data analysis, the UK is described as the center of the 'sharing economy', "the UK's start-ups are strong, and the government actively supports them."

Robert Vaughan, an economist at PwC, said there was evidence that the point-to-point model was changing customer behavior. "On demand taxi apps like Uber are changing the way we travel in this city, and shared accommodation platforms like airbnb are encouraging new generations to travel more frequently to different places."

At a time when airbnb and similar accommodation platforms have been criticized by authorities for driving up local rental market prices in Berlin, PwC's data is of different significance.

At the same time, airbnb, which started in San Francisco, is also suing the San Francisco government for requiring homeowners to register new laws in the city. According to the new San Francisco law, airbnb and other short rent platforms such as VRBO and homeAway will be fined $1000 a day for failing to register as required by the government.

Of course, in the future, the airbnb model will face more challenges. Mark Tanzer, President of ABTA, recently said that the influx of too many tourists may cause the decline of tourism experience in some cities and even have an impact on the cities. According to an observer article, figures from Cowen & Co show that airbnb homeowners will receive 1 billion bookings by 2025.

According to other data of orange tourism, the tourism sharing economy in the Asia Pacific region is also growing rapidly. According to a survey on shared accommodation and car rental services conducted by the Pacific Asia Travel Association (PATA) and Tourism Research Institute TCI, nearly half of the total 279 million international tourists come from China, accounting for more than one fifth of the world's international tourists.

Between January and March 2016, TCI conducted an online survey of more than 1000 Asia Pacific tourists who visited at least once in 2015. According to the survey, in 2015, 21% of international tourists chose to share accommodation and 14% used shared car rental service. According to the data, the tourists in the Asia Pacific region are more social and participatory than the general tourists. Tourists who choose short-term or shared car rental services participate in 17% more activities in their travel than those who do not, and their shopping demand is 35% higher than the latter.

The Asia Pacific region is also a key market for short-term and shared car rental companies in the United States and China. For example, China is the fastest growing overseas market for airbnb, but in order to gain market share, it has encountered a strong competitor in China, Tujia. Didi express is China's largest on-demand car rental application, and has invested in LYFT, a US based arch rival of Uber, a major competitor, to counter Uber's growth momentum in the Asia Pacific region. Didi currently accounts for 80% of the share car rental market in China, while Uber only accounts for 10%. Both companies see China and its surrounding areas as important areas for their long-term development.




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