Airbnb: what kind of real estate on the islands foreigners prefer

Bookings like Airbnb in tourist areas of the country are growing at a frantic pace.

Once again, Greece has become one of the first countries in Europe to see a dramatic increase in bookings for short-term rentals. Summer 2023 promises to be a record year for Airbnb.

Foreign and domestic tourism is gaining momentum with the beginning of the summer season. Crete, Rhodes, Mykonos, Santorini, Corfu, Kefalonia, Zakynthos are the first to book, not to mention other lesser known destinations such as Syros and Karpathos. Market experts report that the year has started well for short-term rentals, and by all indications it is already much better than the same period in 2019. Summer bookings are on the rise.

As for the profile of tourists who will visit our country, the British, Germans, French, Italians are at the top of the list, while there is also attention from Turkey. As for the cost of an overnight stay on Airbnb, it is estimated on average from 50 to 130 euros per night, depending on the type of accommodation and services provided.

AirDNA predicts a “turbulent and dynamic spring” and an even stronger summer season for the short-term rental industry with 32.8% year-on-year growth in demand and 24.5% year-over-year growth, and in all but one of the top 20 countries (Denmark as an exception) tends to double-digit increase in total overnight stays between March and August.

Travelers are looking to secure accommodation for the summer, with bookings up over 30% for June, July and August compared to 2019. Greece in particular is expected to be the fifth fastest growing country over the next six months.while the number of overnight stays for the summer increased by more than 50% compared to the same period last year.

It is noted that last year Greece was in fourth place among twenty European countries. Hungary has seen the biggest progress, with 62.1% more overnight stays than in 2021. It is followed by Portugal (60.2%) and Norway (59.4%). In Greece, the growth rate was about 57%.

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