Short-term lease: Greece first in demand for accommodation in Europe

THE pandemic turned out to be one huge opportunity for short-term lease in Greece, a fact that was also exploited by Domestic market noting significant growth, as it became known in the context of his work 4th BnB Greece Conference 2022 which takes place in a central hotel in Athens. Specifically the Simon Lehmann from the company Ajl Atellier (company that deals short-term leases, stated that within two years (2020 – 2021) of the pandemic more than doubled the number of people who booked short-term rental accommodation. THE Hellasin fact, already has the leaders in the rate of demand in short-term rental accommodation for this summer (June – September).

According to the data of the research company Airdnarecorded in March 2022, Greece records an increase in demand by 232% compared to 2021. Greece is first in terms of demand, exceeding Portugal which is second with 196%, and Croatian, which is third and records an increase in demand by 151%. It is characteristic that the Italythe Austria, Norway and the Spain follow in fourth, fifth, sixth and seventh place respectively. Focusing on the increased percentage of travelers who will go to short-term accommodation, Simon Lehman pointed out that these are also tourists, who for the first time will choose these accommodations this year instead of hotels.

At the same wavelength and the Martha Wilson, from the research company Airdna noted that Greece moved at a significant pace of recovery in terms of demand from October 2021 to February 2022, surpassing even the pace of Europe, always in terms of demand. Specifically, Greece in the period under review ran with 11.7%, while Europe moved to 2.6%.

In the meantime and in short-term lease its phenomenon is observed seasonality of Greek tourism, as 2/3 of the demand is recorded in the period June – September. It should be noted that the short-term lease in 2021 recovered 94.4% of the total income of the Greek short-term leases, in relation to 2019, always according to the data of Airdna. It is characteristic that the revenues of the short-term lease of Greece in 2019 were 1.4 billion euros, in 2020 they fell to 790 million and in 2021 they went to 1.33 billion euros.

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