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  • Demand for Airbnb rentals in Greece maintains an upward trend in September 2022

Demand for Airbnb rentals in Greece maintains an upward trend in September 2022

Nhu cầu cho thuê Airbnb tại Hy Lạp giữ vững xu thế tăng

Demand for Airbnb rentals in Greece maintains an upward trend in September 2022, marking a 13.5% increase for overnight stays compared to the same month before the pandemic, analytics firm AirDNA said.

More specifically, according to AirDNA’s “Europe Market Review”, Greece is among the 6 countries that exceeded demand in 2019 this year, ranking 4th after France (+19.2%), Germany (+15.7%), Austria (+15.1%), Belgium and Italy (both 1.2%).

Demand for Airbnb rentals in Greece maintains an upward trend in September 2022
Source: AirDNA

Ranked 8th, Greece was among the eight countries in Europe that saw an increase in the number of Airbnb-style listings, up 0.6%. Norway recorded the largest increase in the list available, up 11.2%, followed by France (+8.5%), and Poland (+7.7%).

In terms of average Airbnb rental costs, Greece – matching all European destinations – marked a 4% drop year-on-year, which AirDNA says has renewed interest in destinations in the city.

Demand for Airbnb rentals in Greece maintains an upward trend in September 2022
Source: AirDNA

In addition, Greece also saw a strong 61.8% increase in demand for short-term rental options in the summer compared to the same period in 2021. The country performed well in terms of overnight guests, increasing 24.1% more than before Covid in 2019 and ranked 3rd in the Top 3 out of 20 countries after Germany (+24.8%) and ahead of France (+21.9%).

According to AirDNA data, demand in October and November will continue to be stable but is expected to slow down from December to March with Greece expecting a 40% decline in short-term rental demand during the period of 2019. Based on data from October onwards, demand for Airbnb-style rentals for October and November across Europe is up 8% from 2019 levels.

Demand for Airbnb rentals in Greece maintains an upward trend in September 2022
Source: AirDNA

Overall in Europe in September, listings of available rentals on Airbnb grew 16.1% year-on-year to 2.99 million but were down 9.4% compared to 2019. Total demand increased by 33.9% compared to 2021 and the rate was down 9.4%. Occupancy rate increased to 61.4%, up 2.7% compared to 2019 and up 6.5% over the same period last year. The average daily rate (ADR) is down 0.1% from 2021 but still 25.3% higher than 2019.

“There is still a lot of pent-up travel demand, but in general, travelers can decide to choose more budget-friendly destinations and destinations closer to home. Hosts should be aware of some of the prevailing trends in the post-pandemic era that could help capitalize on some of that pent-up demand, especially for digital nomads and ‘bleisure’ travelers (business + leisure at the same time),” AirDNA.

We hope that the article “Demand for Airbnb rentals in Greece maintains an upward trend in September 2022” has helped customers have more information about this potential Greek Real Estate investment opportunity and benefits!


VNIS INVESTMENT
Source: GTP Headlines

Tags: Airbnb, AirDNA, Greece, Travel to Greece

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VNIS Investment (VNIS Investment Co., Ltd) is an investment, immigration & citizenship consulting firm, a business unit of VNIS Group. At present, we are a professional consulting firm for a variety of immigration-based investment portfolios that has success clients in the United States, Canada and countries in Europe (Portugal, Ireland, Cyprus, Malta, Spain, Greece, the United Kingdom, Germany), as well as St. Kitts & Nevis.

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