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AirDNA shows strong Summer on the way for European short-term rentals

In April 2022, the 50 largest markets in Europe saw 169.1% more demand than last year, vs. 87.4% in all other markets.

Pushed by a revitalized confidence in travel, demand for European short-term rentals in April rose 3.0% higher than in 2019 (+97.4% vs 2021), with more than 27.7 million nights stayed in the month, driving European occupancy to hit a record high (55.4%). 

According to AirDNA, in April 2022, the 50 largest markets in Europe saw 169.1% more demand than last year, vs. 87.4% in all other markets. The largest growth across all markets was in private room properties: private rooms show a 121.5% growth from last year, vs +94.4% for entire homes, which pushed ADRs down as private rooms and shared rooms typically charge less.

While still 8.2% below April 2019 levels, supply of available listings in the month was up 6.1% year-over-year as hosts are capitalizing on the opportunity to service growing demand by adding listings to the market.

Big y-o-y winners in April 2022 were Hungary (+188%), Portugal (182.2%), and Greece (172.7%), while the lowest year-over-year gains were in Belgium (41.9%), Switzerland (28.9%), and Finland (16.3%). 

France (+26.4%), Germany (23.4%) and Greece (+19.4%) had the highest growth from pre-pandemic, and nine of the top 20 countries received more nights booked than April 2019. Meanwhile, the Czech Republic (-47.1%), Hungary (-35.2%), and Ireland (-27.5%) remain well below their 2019 figures.

ADRs have stabilised at 1.3% below 2021, though still 24% higher than pre-pandemic. 13 of the top 20 countries saw lower rates than last year, though rates in Denmark (+13.6%), Poland (+8.8%) and Germany (+4.4%) continued to increase.

Bright summer outlook
As of May 9th, the European continent is pacing +82% for the summer (June-September) from the same time last year, and +2.6% from 2019, with all top 20 countries up from last year such as Greece (+237.3%), Croatia (+209%) and Portugal (+200%).

Pacing in the 50 largest markets is up +227% from last year, with the strongest increases in Porto, PT (532.3%), Venice, IT (414.8%), and Florence, IT (410.4%).

Rates for the summer are up only 0.1% across Europe, so looking similar to last year: the highest increases are in Denmark (+15%), Germany (+8%) and Poland (+8%), while rates in Finland are down 25%. Larger cities like Barcelona (+33%), Belgrade (+31%) and Munich (+27%) are seeing the largest increase.

Tatiana Rokou

Tatiana is the news coordinator for TravelDailyNews Media Network (traveldailynews.gr, traveldailynews.com and traveldailynews.asia). Her role includes monitoring the hundreds of news sources of TravelDailyNews Media Network and skimming the most important according to our strategy.

She holds a Bachelor's degree in Communication & Mass Media from Panteion University of Political & Social Studies of Athens and she has been editor and editor-in-chief in various economic magazines and newspapers.

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