Listen to the audio version of the article
Summer is approaching and holiday planning is causing a surge in the number of bookings for short-term rentals around Europe. According to data collected by AirDNA (housing statistics and measurements portal that collects data from Airbnb And Vrbo of the group Expedia and from over 1.5 million property managers and hosts) demand for June and July sees growth of 17% compared to 2023, while growth in August is 22%.
The most sought after destinations
As for destinations, the countries that show the greatest increase in bookings on an annual basis for the summer quarter are not, perhaps surprisingly, Mediterranean destinations but Northern and Eastern European countries: Finland (+31%), Norway (+30%), Poland (+29%), Germany (+29%) e Czech Republic (+26%). On the other hand, the weakest demand is that of destinations that had seen a strong acceleration last year, such as Portugal (+14%) e Italy (+13%).
The ranking of the cities is instead dominated by Munich. With an increase in bookings of over 50%, the German city – which will host the opening match of the European Football Championship on 14 June – confirms itself as the trendy location for summer 2024. Among the Italian urban centers in particular growth Milan And Palermo.
Where prices rise the most: record goes to Denmark
And the prices? Compared to June-August 2023, the rates requested in Denmark (+27%), Great Britain (+16%), Spain (+14%), Poland (+13%) e Germany (+13%). At the bottom of the ranking Hungary (+5%), Norway (+4%), Sweden (+2%), Greece (+1%) e Croatia where summer rates are lower than those of last year (-3%). L’Italy is in the middle with an increase in prices for short-term rentals which will be of the8%just below the average of the 20 main European markets (+9%).
The highest fares: Iceland in the lead
With data processed by AirDNA it is possible to have a snapshot of the average rates applied in Europe for next summer. At the top there is theIceland where for a short rental in the period between June and August you will pay on average 264 eurosfollowed by Principality of Monaco (261 euros) And Great Britain (260 euros). The fares of two southern European destinations are also high Spain (253 euros) e Greece (236 euros). L’Italy comes in eighth place with 210 eurosfollowed by Türkiye (207 euros). The fares in Eastern Europe are much cheaper: the cheapest of all is Kosovo (50 euros). In Albaniaa destination that has grown a lot as a tourist destination in the last few years, costs 84 euros.
