x

Economy

Airbnb, Short-Term Rentals Now On Way Back in Greece

ATHENS – After the almost two-year-long COVID-19 pandemic limited international air travel and dried up demand for short-term rentals, platforms such as Airbnb are showing a comeback in Greece.

A report by AirDNA, which specializes in the analysis of data from the Airbnb and Vrbo platforms showed that interest in renting in 2021 came as the country opened to tourists who were vaccinated or not infected.

Demand rose 40.7 percent over 2020 when the pandemic struck and almost paralyzed world travel and saw countries barring or limiting who could enter, leaving owners of short-term rentals holding the short straw.

The short-term rentals before that were criticized by some for changing the character of neighborhoods because of replacing residents with transient travelers staying only a few days or weeks.

It also pushed up rents across Athens, especially in popular tourist areas where it became difficult to find a long-term rental and displaced long-term residents to other areas.

Demand for Greece is now the highest in Europe in terms of growth, said Kathimerini, followed by Russia, Croatis, France and Spain, while across the region it rose 18.4 percent, less than half that in Greece.

Greece also recorded the biggest growth in December 2021 – normally a dead period for tourists – but with the number of overnight stays jumping 53.5 percent compared to the same month a year earlier.

That was seen as showing that Greece’s campaign to make the country a year-round destination was paying some dividends although mountain resort areas said their business wasn’t as good as expected.

AirDNA data show that guests both from Greece and abroad still prefer homes and apartments over hotels, feeling safer during the pandemic than being in a place with a high number of guests.

But there was caution about the comparison of numbers because of how bad 2020 was because the figures compared to 2019 were down 24.2 percent, a marked difference.

The onset of the Omicron Variant saw tourism fall back later in the fall and into the start of winter in Greece, along with limitations on who can enter the country but there was at least a partial rebound for the period.

 

RELATED

VATICAN CITY — The Vatican's sprawling financial trial may not have produced any convictions yet or any new smoking guns as prosecutors work through a first round of questioning of the 10 suspects accused of fleecing the Holy See of tens of millions of euros.

Top Stories

General News

FALMOUTH, MA – The police in Falmouth have identified the victim in an accident involving a car plunging into the ocean on February 20, NBC10 Boston reported.

General News

NEW YORK – Meropi Kyriacou, the new Principal of The Cathedral School in Manhattan, was honored as The National Herald’s Educator of the Year.

General News

PHILADELPHIA – The Federation of Hellenic Societies of Philadelphia and Greater Delaware Valley announced that the Evzones, the Presidential Guard of Greece will be participating in the Philadelphia Greek Independence Day Parade on March 20.

Video

Mission…to Amyntaio, a TNH Documentary by Clelia Charissis

Dear readers, let me briefly introduce myself, while wishing you "a summer full of positive energy and good health.

Enter your email address to subscribe

Provide your email address to subscribe. For e.g. abc@xyz.com

You may unsubscribe at any time using the link in our newsletter.