The short-term rental sector in the EU has strengthened by 50% over the year

According to official data presented by Eurosat, during 2022 guests spent around 547 million nights in EU short-term rental accommodation booked via online platforms.

These numbers present a firm recovery of the short-term rental market when compared with the results of 2021 (364 million nights; +50%).  The number of nights spent has even exceeded the results of 2019 (512 million nights; +7%). 

The leaders and the outsiders.

The results of 2022 present a robust recovery on the short-term rental market in all 31 countries (EU and EFTA countries) when compared to 2021, but there were some differences when compared with 2019.

In 2022, the largest increase in the number of nights compared to 2019 was registered in Sweden (+33%), France (+31%) and Belgium (+23%).

However, the 14 EU members are still behind 2019 levels. The most notable decline was recorded in the Czech Republic (-36%), Hungary (-27%), Ireland and Estonia (-23% each).

Source: Eurostat

Photo by Kelcie Papp on Unsplash

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