EU short-term rental bookings surged 28% in first quarter - Eurostat
By Leo Marchandon and Pauline Foret
July 29 (Reuters) -Europe's boom in short-term tourism rentals shows no signs of cooling, with the number of nights booked on leading online platforms jumping 28.3% in the first quarter of 2024 from a year earlier, the EU's statistics office said on Monday.
The Eurostat statistics, which compile booking data from Airbnb, Booking.com BKNG.O, Expedia Group EXPE.O and TripAdvisor, showed tourists in the European Union spent a total of 123.7 million nights in such accommodation during the period.
January, February and March all clocked record numbers of bookings for each of those months, and registered double-digit growth for the third year in a row, showed the data, which excludes hotels and campsites.
Europe's short-term rental boom has prompted tourism hotspots such as Spain's Canary Islands, Lisbon and Berlin to announce restrictions on such lets, which many local residents blame for causing housing shortages and driving up prices.
In Spain, which ranks among the top-three most visited countries in the world, protests were held in Barcelona and Mallorca earlier this month, and the Catalan city has pledged to ban short-term lets by 2028.
Other places have sought to regulate the fast-growing sector. In France, Finance Minister Bruno Le Maire said last year his ministry was working on plans to close a tax loophole benefitting short-term furnished rentals, while Italy laid out plans to hike taxes for those renting multiple flats.
According to a report released in May by the European Travel Commission (ETC), occupancy rates in short-term rentals fell 3 percentage points in the first quarter of 2024 year-on-year.
Occupancy rates have started to fall as the supply of new short-term rentals entering the market outpaces growing demand.
Big one-off events - including the Paris Olympics - have had a big impact on the market for short-term rentals this year, the ETC report said.
Another was the European leg of Taylor Swift's eras tour. In Warsaw, the price for short-term rental bookings in August, when the singer's concerts will take place, is more than twice the average for the year, the report found.
Reporting by Pauline Foret and Leo Marchandon in Gdansk
Editing by Helen Popper
Mga Kaugnay na Asset
Pinakabagong Balita
Disclaimer: Ang mga kabilang sa XM Group ay nagbibigay lang ng serbisyo sa pagpapatupad at pag-access sa aming Online Trading Facility, kung saan pinapahintulutan nito ang pagtingin at/o paggamit sa nilalaman na makikita sa website o sa pamamagitan nito, at walang layuning palitan o palawigin ito, at hindi din ito papalitan o papalawigin. Ang naturang pag-access at paggamit ay palaging alinsunod sa: (i) Mga Tuntunin at Kundisyon; (ii) Mga Babala sa Risk; at (iii) Kabuuang Disclaimer. Kaya naman ang naturang nilalaman ay ituturing na pangkalahatang impormasyon lamang. Mangyaring isaalang-alang na ang mga nilalaman ng aming Online Trading Facility ay hindi paglikom, o alok, para magsagawa ng anumang transaksyon sa mga pinansyal na market. Ang pag-trade sa alinmang pinansyal na market ay nagtataglay ng mataas na lebel ng risk sa iyong kapital.
Lahat ng materyales na nakalathala sa aming Online Trading Facility ay nakalaan para sa layuning edukasyonal/pang-impormasyon lamang at hindi naglalaman – at hindi dapat ituring bilang naglalaman – ng payo at rekomendasyon na pangpinansyal, tungkol sa buwis sa pag-i-invest, o pang-trade, o tala ng aming presyo sa pag-trade, o alok para sa, o paglikom ng, transaksyon sa alinmang pinansyal na instrument o hindi ginustong pinansyal na promosyon.
Sa anumang nilalaman na galing sa ikatlong partido, pati na ang mga nilalaman na inihanda ng XM, ang mga naturang opinyon, balita, pananaliksik, pag-analisa, presyo, ibang impormasyon o link sa ibang mga site na makikita sa website na ito ay ibibigay tulad ng nandoon, bilang pangkalahatang komentaryo sa market at hindi ito nagtataglay ng payo sa pag-i-invest. Kung ang alinmang nilalaman nito ay itinuring bilang pananaliksik sa pag-i-invest, kailangan mong isaalang-alang at tanggapin na hindi ito inilaan at inihanda alinsunod sa mga legal na pangangailangan na idinisenyo para maisulong ang pagsasarili ng pananaliksik sa pag-i-invest, at dahil dito ituturing ito na komunikasyon sa marketing sa ilalim ng mga kaugnay na batas at regulasyon. Mangyaring siguruhin na nabasa at naintindihan mo ang aming Notipikasyon sa Hindi Independyenteng Pananaliksik sa Pag-i-invest at Babala sa Risk na may kinalaman sa impormasyong nakalagay sa itaas, na maa-access dito.
