The industry faces a “hard winter” after the best summer in recent years short term rental. Based on bookings made by October 10th, a 40.4% decrease in overnight stays is projected between December next year and March compared to the corresponding period in 2019.

These figures are based on the latest monthly survey. AirDNA for the month of September. From this picture it becomes clear that energy crisis that hit Europe, had a negative impact on consumer confidence and, of course, on the hospitality and tourism industry. After all, this is a pan-European trend, since only in three countries the sign for the coming months remains positive compared to 2019. These are Austria (18.5%), Finland (10.9%) and France (7.8%). The largest drop was recorded in Hungary (56.7%), and the smallest in Switzerland (3.3%). However, it is noted that there is no way to change this picture, as it is possible that more bookings will be made closer to the arrival dates of travelers.

As for September Hellas continued to show positive results, finishing fourth in Europe. In particular, the number of overnight stays was 13.5% higher compared to the corresponding month of 2019, while the number of affordable housing was almost the same as in 2019 (only 0.6% more). It is worth noting that the downward trend in the short-term rental sector became more evident in Europe in September.

They show a decrease of 40.4% for the December-March period compared to the corresponding period in 2019.

In particular, the number of countries in which demand exceeded 2019 levels fell to just six countries, compared with nine in August. The top three were taken by France with an increase of 19.2% (compared to September 2019), Germany with 15.7% and Austria with 15.1%.

Recall that in general for the quarter from June to August, the number of overnight stays in Greece exceeded the corresponding summer of 2019 by 24.1%, which is the second best indicator in Europe, second only to Germany, where the growth was 24.8%. Compared to last summer, the growth was 61.8%, which is also the best indicator among the rest of the countries of Southern Europe.