Greece had the biggest increase in demand for short-term rental properties like AirBnb in Europe in June compared to June 2019, according to data from the AirDNA company.
Greece also comes second in the increase in bookings for short-term rentals this summer with a rate of 26.8%, compared to 2019.
According to the relevant announcement, compared to 2019, Greece, Germany and France achieved the biggest changes in demand, accumulating respectively 27.2%, 26.1% and 17.5% more overnight stays compared to June of 2019.
Occupancies in Europe show that a balance between supply and demand has not yet been achieved, but Greece is the country that recorded the third highest increase in occupancy (+8.4%).
Compared to 2019, 11 countries recorded lower occupancy rates in June 2022. Occupancy in Italy was the strongest in the comparative period with an increase of 12.9%, while supply (-16.2%) has yet to recover with demand rate (+6.8%) . A similar trend was seen in Portugal, where occupancy rates were 12.2% higher than in June 2019, as supply remained down by 16.2%, although the country saw a nominal increase of 0.5% in demand in the period.
Across Europe, June saw a 3.2% increase in short-term rental nights compared to June 2019. Compared to the same month in 2021, there was a 52.9% increase.
As in May, the lowest demand compared to 2019 continued to be in the Czech Republic (-39.4%), Hungary (-30.3%) and Ireland (-26.8%).
Vicky Curlibini
Source: Capital
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