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    Albania Isn’t a Hidden Gem Anymore, Its Short-Term Rental Market Is Proof

    Albania is expecting up to 10 million tourists this year as travelers prioritize budget-friendly destinations. Most foreign visitors to Albania prefer short-term rentals to hotels. According to official tourism statistics, 11 percent of visitors stay at hotels, and only for a night. The coastal village of Ksamil is second among Airbnb’s trending summer destinations by search. And according to AirDNA and a United Nations Development Programme report, the home-sharing and short-term rentals’ sector generated an estimated annual revenue of around €20 million in 2022. Growth of the short-term rental market in Albania has been swift since 2019. According to data analyzed by AirDNA, there were 4,663 available listings in January 2019. That number rose to 13,770 by May 2023 — that’s a 195 percent jump. But demand for nightly stays demand jumped 543 percent in the same period, from 7,425 to 47,794.

    Skift (07/13/23) Srividya Kalyanaraman

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