The rise of Airbnb may not be so inexorable after all, with holiday home prices sliding more than 10 per cent this year as travellers return to hotels and local authorities make running short-term rentals more expensive and difficult.

About 208,000 holiday homes are listed for rent every month on average, the vast majority of those through the Airbnb platform. But a broad backlash from residents in popular tourist destinations, and a resurgence in hotels after the COVID-19 pandemic, has made it a difficult 12 months for landlords, new figures show.