A recent study by money.co.uk looked at the average cost per night of an Airbnb on the most popular global event dates in 2022. The average cost of an Airbnb in the same area was also taken for the week leading up to the event, to show the price difference and find out which big events are the most profitable for Airbnb owners.
Global music events drive Airbnb prices the most in 2022
|
Rank
|
Event
|
City
|
Appointment
|
Average price per night (during the event)
|
Average price per night (previous week)
|
Increase from previous week
|
|
1
|
Glastonbury Festival
|
Pilton, United Kingdom
|
June 22 – 26
|
£521
|
£162
|
221.6%
|
|
2
|
EXIT
|
Novi Sad, Serbia
|
July 7 – 10
|
£145
|
£59
|
145.8%
|
|
3
|
Coachella
|
Indian, USA
|
April 15 – 17
|
£1,297
|
£550
|
135.8%
|
|
4
|
Eurovision Song Contest
|
Torino, Italy
|
May 10-14
|
£166
|
£88
|
88.6%
|
|
5
|
His Primavera
|
Barcelona, Spain
|
June 2 – 4
|
£291
|
£190
|
53.2%
|
|
6
|
African nation
|
Portimão, Portugal
|
July 1 – 3
|
£218
|
£145
|
50.3%
|
|
7
|
Bilbao BBK live
|
Bilbao, Spain
|
July 2 to 9
|
£224
|
£150
|
49.3%
|
|
8
|
Osheaga Festival
|
Montreal Canada
|
July 29 – 31
|
£285
|
£192
|
48.4%
|
|
9
|
splendor in the grass
|
North Byron
|
July 22 – 24
|
£310
|
£231
|
34.2%
|
|
ten
|
Electric Daisy Carnival
|
Las Vegas, United States
|
May 20 – 22
|
£518
|
£389
|
33.2%
|
According to money.co.uk research, Glastonbury, held in Pilton, Somerset, ranks first and sees the biggest increase of 221.6%. Glastonbury has had many superstar headliners ranging from Taylor Swift, Beyonce, Jay-Z, Stormzy and Ed Sheeran. 2022 marks the festival’s return after a three-year absence and Paul McCartney and Billie Eilish will headline this year’s festival. Airbnb’s massive price increase is likely due to the lack of hotels in the area.
Airbnb’s biggest price-raising US music event is Coachella, with prices soaring 135.8%. The festival hasn’t been held for two years due to the pandemic, so 2022 should be a big year with the likes of Kanye West (officially billed as Ye)Billie Eilish and Harry Styles headline the event at the Empire Polo Club in Indio, CA.
Compared to the other music events that are in the top ten Afrobeats festival, Afronation is relatively new. The event was first held in Portimão, Portugal in August 2019 and its lineup included Nigerian music heavyweights such as Burna Boy, Davido and Wizkid. Due to the disruption of the pandemic, Afronation has not taken place in Portugal since its first festival and 2022 sees its return to the southern European country. The highly anticipated festival sees its prices increase by 50.3%.
Global sporting events drive Airbnb prices the most in 2022
|
Rank
|
Event
|
City
|
Appointment
|
Average price per night (during the event)
|
Average price per night (previous week)
|
Increase from previous week
|
|
1
|
PGA Championship
|
Tulsa, United States
|
May 16 – 22
|
£1,123
|
£161
|
597.5%
|
|
2
|
kentucky derby
|
Louisville, United States
|
May 7
|
£1,107
|
£250
|
342.8%
|
|
3
|
Monaco Grand Prix
|
Monte Carlo, Monaco
|
May 27 – 29
|
£1,045
|
£255
|
309.8%
|
|
4
|
British Grand Prix
|
Silverstone, United Kingdom
|
July 1 to 3
|
£624
|
£186
|
235.5%
|
|
5
|
Canadian Grand Prix
|
Montreal Canada
|
June 17 – 19
|
£634
|
£196
|
223.5%
|
|
6
|
24 hours of Le Mans
|
Le Mans, France
|
June 11 – 12
|
£310
|
£109
|
184.4%
|
|
7
|
Hungarian Grand Prix
|
Budapest, Hungary
|
July 29 – 31
|
£274
|
£114
|
140.4%
|
|
8
|
UCI Road World Championships
|
Wollongong, Australia
|
September 18 – 25
|
£584
|
£260
|
124.6%
|
|
9
|
Daytona 500
|
Daytona Beach, United States
|
February 20
|
£496
|
£223
|
122.4%
|
|
ten
|
Indianapolis 500
|
Indianapolis, United States
|
May 29
|
£421
|
£193
|
118.1%
|
After record attendance in 2021, Formula 1’s Pirelli British Grand Prix returns as the UK’s biggest and fastest-paced sporting event, driving Airbnb prices up by 235.5%. An average nightly Airbnb can be seen dropping from £186 to £624 during the event.
The event that is seeing rental prices increase the most is the PGA Championship, which will take place in 2022 at the Southern Hills Country Club in Tulsa, Oklahoma. While an Airbnb costs an average of £161 in the city at the start of May, prices soar almost 600% for tournament week, to £1,123.
To view the full search with graphics by Money.co.uk, click here.
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