2024-06-27 15:47:57
The short-term rental market in Greece is steadily growing, with the demand for lodging leases by an Airbnb-type platform registering a rise of 18% for the July-September quarter in comparison with final 12 months.
The image of the particular market on the European degree is comparable, with bookings for the 2 months of excessive demand, July and August, additionally showing elevated by 18% on an annual foundation. Likewise, the months of September and October are seeing an 18% improve in demand in comparison with 2023, in line with knowledge revealed by specialist AirDNA.
The strongest demand for the upcoming quarter among the many prime 20 European international locations beneath evaluation (France, Poland, Austria, Greece, Norway, Germany, Belgium, United Kingdom, Sweden, Portugal, Italy, Finland, Switzerland, Spain, Hungary, Netherlands, Eire , Croatia, Denmark, Czech Republic) Poland registers at plus 33%. They’re adopted by Norway (29%), Germany (28%) and the Czech Republic (27%), with the Netherlands (15%), Portugal (14%), France (13%) and Eire (13%) scoring the bottom proportion rise in demand.
Japanese European international locations can have their due this 12 months, based mostly on accessible knowledge, with Kosovo registering the biggest improve in bookings at plus 76% on an annual foundation. Excessive demand at plus 66% is discovered for Albania, adopted by Bosnia-Herzegovina (58%) and Moldova (49%).
The picture within the cities
On the degree of cities, the provision of obtainable lodging, though it has elevated at a charge exceeding 20% on an annual foundation, lags by 3% in comparison with pre-pandemic 2019.
In fact, the cities by which the biggest improve in lodging provide was present in Might recorded the biggest lower in occupancy. As reported by AirDNA, Warsaw in Poland, Belgrade in Serbia, Naples in Italy and Paris in France noticed greater than 35% improve in accessible listings year-on-year. Consequently, occupancy has fallen by greater than 10% in all 4 cities. This lower in occupancy resulted in decrease income per accessible lodging (RevPAR) for hosts.
Then again, in Porto, Portugal, Madrid and Barcelona, Spain, the imposed restrictions have slowed down the introduction of recent lodging on the platforms, which led final month to steady or growing occupancy and correspondingly greater income per accessible lodging for the hosts.
In Athens, sharing economic system rental lodging is up 18% year-on-year, with occupancy marginally down 2% year-on-year in Might, including to the rise by 11% of income per accessible lodging.
Might set a document
Usually, nonetheless, Might set a document within the degree of demand development, with the relative proportion standing at 24% on an annual foundation and the respective occupancy charges reaching 57%. The common each day charge (ADR) elevated by 2.2% in comparison with final 12 months and stood at €166, whereas in a single day stays reached an all-time excessive of 40.4 million.
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