Lodging

Short-term rental accommodation in Greece is showing diametrically opposite trends at the moment, depending on the location. Based on the latest data, the superiority of Athens compared to the rest of the country is quite evident, as in the capital there is a clear upward trend, while in the rest of the country it is the opposite.

The turnover generated by the accommodation of guests in short-term rental accommodation has increased significantly compared to previous years and is now approaching 30% of the turnover made by hotel units.

The European Parliament have approved new data-sharing rules that clamp down on illegal short-term rentals to protect the residents of European cities - many of whom face shortages of affordable housing.

The spread of short-term tourist lets via online platforms such as Airbnb has put pressure on the housing market in many places, as it cuts the availability of long-term rentals.

The soaring demand for short-term rentals is gravely affecting the performance of hotels, which has necessitated the need for new regulations and taxes on short-term rentals recently proposed by the Culture and Tourism Ministry, a tourism sector representative has said.

The average nightly rate for short-term rental accommodation in Greece in July and August stands at 232 euros per night, based on confirmed bookings so far.

A significant increase in the supply of short-term rental accommodation was recorded ahead of the peak summer tourist season, which already bodes well for 2023.

According to data presented by AirDNA, based on bookings made through the Airbnb and VRBO platforms up to early June, demand growth for the May-October period is forecast to exceed 42%.

Sustainable hospitality in short-term rental accommodation is expected to evolve into a thriving niche market.

Property searches show that assets which offer green features tend to secure greater occupancy and higher prices per night, compared to others in the same area.

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.

Airbnb Inc. announced Tuesday it will stop representing short-term rental properties in China and focus its business in the country on serving Chinese tourists looking for lodgings abroad.

Airbnb joins a series of foreign internet companies including Yahoo Inc. and eBay Inc. that pulled out of China after running into fierce local competition and regulatory barriers.

British airlines say they have been informed of the government's intention to quarantine anyone who arrives on the island from any country except the Republic of Ireland, for 14 days, BNT reported, citing the BBC.

The measure is expected to take effect in late May. Those who come to the United Kingdom will have to undergo self-isolation in a private home.