ARTICLE SUMMARY
Demand is outpacing supply and driving higher average daily rates (ADR) in our new European Airbnb forecast. Demand hit a post-pandemic high for the European continent in February 2022, with 20.8% more nights stayed versus February 2019 and 73.9% more nights stayed versus February 2021. This all led to a 77.3% year-over-year revenue increase for the STR industry to €2.4 billion ($2.6 billion) for the month.