AirDNA analysts say Greece leads Europe in demand for Airbnb-style rentals, up 26.5 percent in the third quarter of this year compared with the same period before the pandemic started in 2019.
More specifically, according to the latest data released by AirDNA, compared to 2019 in the period of July-September this year, Greece recorded the highest increase in demand for short-term vacation rentals, followed by Germany (+ 26.4 percent), Austria (+17.5 percent) and France (+14.5 percent).
In June, Greece once again led with a 27.2% increase in the number of nights stayed compared to the same month of 2019. It was followed by Germany with 26.1% and France with 17.5%.
Greece also performed well in terms of capacity in June, recording the third-highest occupancy growth of 8.4%, with demand up 27.2% y/y and supply up 5.1%.
Italy topped the list with an increase of 12.9% compared to 2019, followed by Portugal in second place, up 12.2% compared to June 2019.
According to AirDNA data, European average daily rates (ADRs) increased by 1.3% compared to 2021 but decreased by 1.1% in Greece in the third quarter compared to last year.
However, in June, Greece managed to increase the ADR to 7.3% compared to the same month a year ago.
According to AirDNA, overall, demand for short-term rental stays continued its upward trend in June, with 3.2% more nights booked than in June 2019. So far, demand continues to grow. compared to 2019 each month of the year. Q2 demand in Europe reached 5.2% compared to 2019 levels and increased 64.4% compared to 2021. At the same time, Q1 2022 was 7.2% compared to 2019 and increased 67.5 % compared to 2021.
Looking at the top 20 European countries in terms of June demand, the biggest increases year-on-year were Croatia, up 131.8%, Norway (+117.0%) and Hungary (+96.7%).
The lowest growth rates were seen in Finland (+27.4%), the UK (+29.0%) and the Netherlands (+34.0%).
VNIS INVESTMENT
Source: GTP Headlines
