Demand for Airbnb-type rentals in Greece is expected to exceed pre-pandemic 2019 levels this summer with the country seeing a 237.3% increase in the demand rate for the June-September period taking the lead in Europe, AirDNA said in its April 2022 Europe Market Review.
According to AirDNA data from May 9, Greece leads this summer in terms of demand in Europefollowed by Croatia (+209%), Portugal (+200%), Italy (+153.1%) and Hungary (+140.3%).
Request for short-term rentals in Greece in April also increased by 19.4% compared to the same month before Covid 2019, with France in the lead marking a rise of 26.4% and Germany of 23.4%.
However, in terms of average daily prices (ADR), Greece recorded a 12.5% drop from 2021 levels, the largest drop recorded by Austria with a drop of 21.5%, Finland (-20.5%) and Switzerland (-11.8%).
As for demand for cities across Europe, as of May 9, the highest was recorded for Venice up 414.8%, Florence (+410.4%), Porto (+532 .3%) and Athens (+367.9%).
Meanwhile, Finland (-9.1%), the Netherlands (-5.1%) and Croatia (-3.2%) saw a drop in the supply of listings available for rentals in the short term in April, while Denmark (18%), Norway (17.4%). ) and France (16.6%) recorded the largest gains.
According to AirDNA, consumer confidence in travel has grown in recent months despite the Russian-Ukrainian war. As of May 9, Europe was up 82% for the summer months (June to September) from the same point in 2021 and 2.6% from 2019.
Globally For 2022, based on April 2022 data, average listing supply is up 4.8% from 2021, while average daily price is down 11.7% from a year to year.
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