According to AirDNA's June market review, 7.2 percent more nights were spent staying in a European holiday rental in the first half of 2022 than during the same period in 2019. Declining supply struggling to rebound from the pandemic pushed occupancy to record highs for the ninth straight month, totaling 58.2 percent in June, while average prices were up 4.8 percent from June 2021. Croatia commanded 132 percent more nights booked than last year, followed by Norway (+117 percent) and Hungary (+97 percent). All of the top 20 European countries saw year-over-year growth, although Finland, Britain, and the Netherlands are trailing as guests start going abroad. Yet just half of the top 20 countries are topping their 2019 performance, led by Greece (+27 percent), Germany (+26 percent), and France (+18 percent). The lowest-performing nations are Czechia (-39.4 percent), Hungary (-30.3 percent), and Ireland (-26.8 percent). Looking ahead, demand for the second half of this year is starting to revert to 2019 levels, with July and September bookings up 10 percent and eight percent respectively from 2019, although August is currently on course for a three percent decrease.
Short Term Rentalz (07/20/22) Paul Stevens