Back To Blogs

Europe Market Review: Hot Summer Bumps Up Occupancy as International Travel is Back

August 18, 2022

Occupancy Reaches Record High in July 2022

45 of the top-50 European markets saw higher occupancy levels than last July.

In Q2 2022, Hungary, Greece, and Croatia respectively saw 342.1%, 116.5%, and 80.4% more Airbnb reservations made by international travellers year over year, while reservations made by domestic travellers in the same comparison period had declined in each of these countries.

International Guests Driving Occupancy in Top-50 Markets

Edinburgh Fringe Festival Finds Strong Recovery YOY

ARTICLE SUMMARY

Heatwaves and inflation haven’t been able to put off travellers around Europe this summer as guests return to short-term rentals in their droves. In July, Europe reached 48.9 million nights stayed, 7.9% higher than July 2019, with record occupancy but still reduced supply.

Topics:

Industry Reports

Trusted Data to Stay Ahead

Find the right short-term rental investment and maximize profits with MarketMinder.
Industry Reports