Occupancy has been pushed up again by low supply increases, reaching 76.5 per cent in August – 4.3 per cent higher than last year – buoyed by high demand and low supply: available listings remain 10.8 per cent below the same period in 2019.Īll of the top 20 countries saw year-over-year increases in summer demand, with the strongest growth in Norway, Hungary, and Greece. Europe: According to short-term rental data provider AirDNA’s European review for August, the summer of 2022 saw a full recovery from the pandemic in Europe, with 3.5 per cent more nights stayed in a short-term rental in June, July and August than in 2019.ĭemand even surpassed 2019 levels in August, the strongest month for Europe, with revenue this summer up 22 per cent from 2019.Īverage rates in August were only 1.2 per cent higher than last year, as growth slows and bookings move back towards urban apartments and smaller properties which typically charge less – though prices remain 16.5 per cent higher than 2019.
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