Short-term rental expansion

The Greek short-term rental market continues to lead Europe in several categories, as bookings data show that demand from foreigners as well as Greek guests is particularly high.

According to AirDNA's latest monthly survey of the European short-term rental market, during the 12 months to the end of April this year Greece recorded the largest increase in average occupancy among all European countries.

Data show the average occupancy increased by 9.2% year-on-year and reached 52.3% in April this year (949,700 overnight stays). This is due to the balance between demand and supply. As AirDNA's analysis shows, demand during the last year increased by 31.7%, while the supply of accommodation grew by only 13.2% in the same period (104,000 listings nationwide).

Accordingly, the average price per night increased by 16.6% compared to last year, as it now stands at 186.45...

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