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PressEurope Market Review: Hot Summer Bumps Up Occupancy as International Travel is Back
August 18, 2022
Scott Sage
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.
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.
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.
Scott Sage
Senior Vice President, Marketing & Customer Experience
Scott is an Airbnb Superhost and industry pro, having founded Home Base BnBs—a short term rental management company that scaled to 200+ units. Scott combines his experience and passion for hosting to empower AirDNA customers' success. When he's not thinking about STRs, he is hiking, playing basketball, or playing pickleball.