VRMA Administrator
New data from AirDNA on the European short-term rental market show strong growth in demand and changing trends in seasonality. February saw a 47.3 percent increase compared to the same period in 2019 and 26.6 percent higher than last year, despite being a typically low demand period. It marks the second consecutive month of supply coming in above pre-pandemic figures, with available listings also increasing 2.8 percent relative to 2019 and 13.7 percent from 2022. The average daily rate paid increased by 13.7 percent year over year, resulting in a record high revenue of $3.7 billion, up 43.9 percent year-over-year.
ShortTermRentalz (03/23/23) Paul Stevens
