{"id":24013,"date":"2024-12-21T16:36:08","date_gmt":"2024-12-21T13:36:08","guid":{"rendered":"https:\/\/bnbnews.gr\/?p=24013"},"modified":"2024-12-26T20:35:26","modified_gmt":"2024-12-26T17:35:26","slug":"prices-of-short-term-rentals-soar-on-new-year-039-s-eve","status":"publish","type":"post","link":"https:\/\/bnbnews.gr\/en\/news\/24013\/prices-of-short-term-rentals-soar-on-new-year-039-s-eve\/","title":{"rendered":"Prices of short-term rentals soar on New Year’s Eve"},"content":{"rendered":"

Athens and other European capitals will see a sharp increase in short-term rental prices for New Year’s Eve compared to the same day last year, exceeding the average increase in hotel prices.<\/p>\n

According to a survey of accommodation prices in 25 European capitals by D\/AI Destinations, Athens will see a 7% increase in hotel prices for New Year’s Eve, while short-term rental prices will rise by 29%! Nevertheless, the Greek capital retains its position as the cheapest option in Europe, with an average hotel price of \u20ac179 and short-term rental price of \u20ac156.<\/p>\n

In contrast, the most expensive European capital for New Year’s Eve, London, saw a 19% increase in short-term rental prices to 467 euros per night, while hotel prices rose by 4% to 510 euros.<\/p>\n

In general, prices across Europe rose by 2.7% for the New Year, with short-term rentals up 8%. Some markets even show exceptional increases, such as Innsbruck, where the average price for short-term rentals (\u20ac417) exceeds that of hotels (\u20ac323).<\/p>\n

\"ShortStay<\/a><\/p>\n

Prices of short-term rentals driven by demand<\/strong><\/h2>\n

The latest Eurostat study on short-term rentals shows that bookings in this sector have increased by 15% year-on-year, driven by the growing demand for personalised and flexible experiences.<\/p>\n

Although the average price increase in hotels remains below 10%, the increases in short-term rentals exceed this figure in several cases, confirming the growing popularity of this type of accommodation.<\/p>\n

Upward and downward trends across Europe<\/strong><\/h2>\n

Of particular note are Bruges, with a 21% increase in hotel prices, and the short-term rental market in Madrid, which saw a rapid 43% increase due to increased demand for quality accommodation.<\/p>\n

Paris, on the other hand, saw a decline in short-term rentals (-27%) and hotels (-5%), due to an oversupply of accommodation and new regulatory measures. There was also a notable decline in Helsinki, where hotel prices fell by 9%.<\/p>\n

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Athens and other European capitals will see a sharp increase in short-term rental prices for New Year’s Eve compared to the same day last year, exceeding the average increase in hotel prices. According to a survey of accommodation prices in 25 European capitals by D\/AI Destinations, Athens will see a 7% increase in hotel prices<\/p>\n","protected":false},"author":4,"featured_media":23992,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","footnotes":"","_members_access_role":[],"_members_access_error":""},"categories":[506],"tags":[520,651,677],"class_list":["post-24013","post","type-post","status-publish","format-standard","has-post-thumbnail","category-news","tag-europe-en","tag-short-term-rentals-en","tag-prices"],"_bunyad_layout_template":null,"_bunyad_layout_spacious":null,"_bunyad_sponsor_name":null,"_bunyad_sponsor_logo":null,"_bunyad_sponsor_url":null,"_bunyad_sub_title":null,"_yoast_wpseo_metadesc":"Short-term rental prices for New Year's Eve rise significantly as demand soars in European cities","_yoast_wpseo_focuskw":null,"_yoast_wpseo_title":"Prices of short-term rentals soar on New 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