Bookings for Airbnb-type accommodation in the tourist areas of Greece are “on fire”.
Once again, Greece is among the first countries in Europe with a spectacular increase in bookings in short-term rental accommodation.
This year’s Airbnb season is on the rise
The summer of 2023 is shaping up to be a record year for Airbnb accommodations.
Foreign and domestic tourism are picking up speed with the summer season starting explosively.
Crete, Rhodes, Mykonos, Santorini, Corfu, Kefalonia, Zakynthos are the first to close, not to mention other lesser known destinations such as Syros and Karpathos.
Market sources speaking to OT report that the year has started strongly for short-term rental accommodation and by all indications it is already much better than the same period in 2019. Bookings for the summer are on an upward trajectory.
Regarding the profile of tourists who will visit our country, at the top of the list are English, German, French, Italian, while there are reservations for Turkey.
Regarding the cost of overnight stays on Airbnb, it is estimated on average from 50 to 130 euros per night depending on the type of property and the services it provides.
Estimates
AirDNA predicts a strong spring and an even stronger summer season for the short-term rental industry, with demand growth of 32.8% year-on-year and 24.5% compared to 2019, and all but one of the top 20 countries (with Denmark being the exception) – tends towards a double-digit increase in total nights spent between March and August.
Travelers are more than eager to secure their summer accommodations, with bookings for June, July, and August up more than 30% compared to 2019.
Greece in particular is seeing the fifth highest growth for the next six months, with over 50% increase in overnight stays for the summer compared to the same period last year.
It is noted that last year Greece was in fourth place among the total of twenty European countries. Hungary had the strongest recovery, with 62.1% more overnight stays than in 2021, followed by Portugal (60.2%) and Norway (59.4%). Greece had an increase rate of close to 57%.
Latest News
Deadline for Postal Vote Registration Expires on Mon.
More than 157,000 Greek citizens had registered on the relevant online platform so far
Orthodox Palm Sunday Today; Shops Open in Greater Athens-Piraeus Area
Orthodox Holy Week begins on Monday, April 29, and ends on Sunday, Easter Sunday or Great and Holy Pascha (May 5)
Greek Retailers Remain Optimistic About Easter Shoppers’ Turnout
While stores are expected to be open on Sunday, April 28, the majority of Easter shoppers will likely do their shopping during the Holy Week, following the deposit of Easter bonuses
Europeche: Greek Apricot Production Recovers
Europeche forecasts the production will bounce back despite a slight decrease in varieties attributed to high winter temperatures
Bank of Greece (BoG): Business-Household Deposits Up 1,675bln in March 2024
In March 2024, the monthly net flow of credit to the general government was negative by 469 million euros
FT: Greece’s Economic Rebound a Balance of Growth and Poverty
Eurostat data revealed a significant 10.8% drop in Greek public debt relative to GDP in 2023, alongside a 2% economic expansion, outpacing Germany's performance.
Lavrio Port Authority Next Up for Privatization
A deadline for the submission of expressions of interest is May 14, 2024
Eurostat: Greece Records Largest Drop in Natural Gas Prices in 2nd Half of 2023
The price of electricity and natural gas in Europe was down following a substantial surge that began before the Russian invasion of Ukraine and peaked in 2022
GEK TERNA Still Considers Leveraging Concessions Portfolio as Financial Tool
President and CEO of Gek Terna George Peristeris explained the company's plans on Tuesday on the sidelines of the inauguration of sections of Greece's E65 highway
NielsenIQ: 3% Supermarket Revenue Increase in Q1
Private label products are gaining traction, comprising 25.4% of shopping basket shares, up from 24.7%