Airbnb hosts increase their prices by 300% for …

Throughout the year, people looking to enjoy a local or international getaway turn to services like Airbnb. Host families for cabins, vacation rentals and sightseeing activities can be booked through the online marketplace.

However, a recent investigation by money.co.uk was uncovered during major events and public holidays. Airbnb owners charge over 300% to stay in their properties.

As England is ready to welcome double-bitten American and European tourists and big events return on schedule, markets such as Airbnb have the next few months busy.

Which events have the biggest Airbnb price increase?

In the money.co.uk study, the average price per night for rentals on Airbnb was analyzed. The dates and locations where the UK’s biggest events are expected to take place throughout 2021 were the main focus.

The prices were compared to the dates of the previous week to find out which events increase Airbnb prices the most.

Stays during the days of Cowes Week, a sailing regatta located on the Isle of Wight, increased 305%. Stays around the time of the Open Championship golf tournament, held in Sandwich, Kent this year, increased 144%, making it the event with the second-highest Airbnb price increase.

Airbnb owners renting around Cowes Week and the Open Championship can afford to charge a lot more, as there are fewer accommodation options in venues where these events take place compared to larger cities.

In third place is the TRNSMT festival held in Glasgow. Airbnb hosts charge more than double (105% increase) during the festival than the week before. As a non-camping festival, alternative accommodation needs to be found, which is probably the reason for such a big increase in Airbnb prices during the weekend of this festival.

Which nationwide vacations have the biggest Airbnb price increase?

Over the Halloween weekend, Airbnb owners hike prices by 6% on average across England’s ten major cities. Glasgow saw the biggest price increase of 58% over the weekend.

Over the summer holiday weekend, Airbnb owners increase stays at properties by 6% on average. Liverpool saw the biggest price increase with nightly charges up 22% from the previous weekend.

Rental prices increase an average of 8% during the Christmas holidays. Edinburgh‘s Airbnb prices rose 18%, followed by Sheffield (14%) and Liverpool (9%).

The full research can be viewed in its entirety here. Below is a table showing the top 10 events with the biggest Airbnb price increases.

Rank Event Place Appointment Average price during the event Average price Previous weekend To augment
1 Cowes Week Cowes, Isle of Wight July 31-August 7 £ 369 £ 91 305%
2 Open Championship 2021 Royal St George’s Golf Club, Kent July 15-18 £ 611 £ 250 144%
3 TRNSMT Festival Glasgow Green, Glasgow September 10-12 £ 219 £ 107 105%
4 UEFA Euro 2020 Final Wembley Stadium, London 11 July £ 173 £ 85 104%
5 Parklife Heaton Park, Greater Manchester September 11-12 £ 181 £ 95 91%
6 Glorious Goodwood Goodwood Racecourse, West Sussex July 27-31 £ 253 £ 173 46%
7 Tram Festival Hillsborough Park, Sheffield July 23-25 £ 185 £ 132 40%
8 2021 Super League Grand Final Old Trafford, Greater Manchester October 9 £ 361 £ 272 33%
9 Ebot Festival York Racecourse, North Yorkshire August 18-21 £ 193 £ 147 31%
ten England v India five rounds of tests Old Trafford Cricket Ground, Greater Manchester September 10-14 £ 146 £ 115 27%

Why are Airbnb prices increasing during these seasons?

Recent statistics show that in the fourth quarter of 2020, Airbnb recorded a loss of £ 2.8 billion. Global revenues fell 22% to £ 613million in the three months to December 31, as the number of nights booked fell 39% from the previous year.

The Covid-19 pandemic contributed to this loss as restrictions put in place to help reduce the spread of the virus included national lockdowns that have stopped international travel and prevented people from having vacations. As a result, the number of short-term rental listings has decreased.

With the UK travel industry and society reopening broadly, it’s no surprise to see so many Airbnb hosts keen to get back into business, and many will be able to generate solid rental income. as more events take place and Britain experiences another travel boom. But questions about whether it’s fair for Airbnb owners to inflate their prices as much as they do, and whether to cut the much-needed offering, will also persist.


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