Athens: Airbnb short-term rentals dropped sharply

 According to the “Covid-19 Industry Pulse Report: Tourism” report released by Ernst & Young (EY) in December, the demand for Airbnb short-term rentals in Athens has dropped sharply this year, resulting in an 80% drop in revenue. 

 


The coronavirus (Covid-19) pandemic caused a 76% drop in the number of international inbound tourists to Greece, which led to a decline in demand and affected the Greek hotel industry in terms of demand, occupancy and income. 

 

More specifically, citing data from market analyst AirDNA, the number of active listings in Athens fell from 12,700 in the third quarter of 2019 to 7,100. 

 

Between January and October 2020, the number of active listings seems to have dropped by at least 30% from the same period last year. 

 


At the same time, the average daily price (ADR) dropped by 50% to 60% from 55 to 60 euros last year to an average of 30 euros.

Leave a Reply

Your email address will not be published. Required fields are marked *

Bus Holiday Travel

Low cost bus travel from just €5

  Benefit from comfortable, low-cost European bus travel Jump on board one of our green buses and travel throughout Europe. Choose your route from our extensive network; with over 400,000 daily connections to over 2,500 destinations in 35 European countries, you really can explore Europe! Planning a backpacking trip in Europe? Want to go on […]

Read More
Covid-19 Portugal Social issues

Covid: Portugal has 90.3 cases per 100K inhabitants

  According to a joint announcement by the General Administration of Health (DGS) and INSA, Portugal has 90.3 SARS-CoV-2 cases per 100,000 inhabitants, and its transmission index (Rt) is 0.84.    As stated by official data, the incidence rate was 79.1 cases per 100,000 inhabitants, and the Rt was 0.80 when analyzed in mainland Portugal […]

Read More
Greece Italy Lifestyle

Is it true that Greeks invented Pizza before Italians?

  Historical evidence shows that the Greeks ate a flat bread called πλακούς (plakous), or “flat” bread, topped with olive oil, herbs, onions, cheese, and garlic, and baked in a tandoor.    Greek pizza adapted by the Romans who naturally adopted the idea of baking speckled bread in the oven after putting the ingredients of […]

Read More