ΒΝΒ Conference: Online platform rentals grew 23.9% in Greece in 2019

Α Decrease font Enlarge font
ΒΝΒ Conference: Online platform rentals grew 23.9% in Greece in 2019The number of overnight stays rose by a stunning 95.1 percent

Official numbers presented during the recent ΒΝΒ Conference about Greece’s short-term property rental market revealed some interesting information about the situation that online platforms such as Airbnb and HomeAway have created, according to greekreporter.com.

According to official figures, between December 2018 and December 2019, the total number of available properties from these two platforms in Greece rose by a staggering 23.9 percent.

Furthermore, during these twelve months, the number of overnight stays rose by a stunning 95.1 percent, meaning that the number of people who chose properties belonging to these platforms for their stay in Greece almost doubled in one year.

Nevertheless, what is crucial here is the fact that the occupancy rate fell by 15 percent between the end of 2018 and 2019.

This means that the number of such properties available now in Greece surpasses the actual demand.

This fact should serve as a clear warning to all those who profit from these platforms, raising questions about whether property owners in Greece are far too dependent on short-term rentals.

This situation has driven thousands of permanent residents in Athens and other cities in Greece to be effectively evicted from their own neighborhoods, since there is an inadequate supply of long-term, leased apartments in tourist areas in Greece at the present.

And this is not difficult to grasp if we consider just how much money these owners have made by using the short-term platforms.

It is indicative of the issue that the average income a property owner who rents his residence on AirBnb-style platforms reached €1,016 in Athens in September of 2019.

Of course, these profits increase exponentially on the Greek islands, with average short-term rental income rising to €1,886 on Corfu; €2,525 on Zakynthos (Zante), €3,420 on Paros and a whopping €7,570 on Greece’s cosmopolitan island of Mykonos.

RELATED TOPICS: GreeceGreek tourism newsTourism in GreeceGreek islandsHotels in GreeceTravel to GreeceGreek destinationsGreek travel marketGreek tourism statisticsGreek tourism report

Photo Source: pixabay.com

Tornos
  1. 11/07 23:41

    Greek island of Hydra featured in the Wall Street Journal

  2. 11/07 20:37

    Greece records 41 new confimed Covid-19 cases on Saturday

  3. 11/07 19:45

    Greek PM: Europe must 'send out a message of solidarity' for speedy recovery

  4. 11/07 19:20

    Tourism minister: Britons welcome to visit Greece

  5. 11/07 18:32

    Greek port of Heraklion included in EC’s Intelligent Cities list

  6. 11/07 18:16

    Greek government: Turkey may face sanctions for Hagia Sophia decision

  7. 11/07 17:24

    Settlement at Greek island of Evia evacuated as wildfire rages on

  8. 11/07 16:28

    Greek PM launches series of international contacts over Hagia Sophia

  9. 11/07 11:09

    First underwater museum in Greece opens in Alonissos island (videos)

  10. 10/07 23:27

    Greek FM: Decision on Hagia Sophia a provocation to global cultural heritage

  11. 10/07 15:06

    US interest for tender to develop Greek ports of Alexandroupolis and Kavala

  12. 10/07 14:55

    Minister: New package of economic support measures planned for September

  13. 10/07 14:42

    Foreign Minister: Greece reacted quickly and effectively to the pandemic

  14. 10/07 14:25

    50 new coronavirus cases and no fatalities in Greece

  15. 10/07 14:20

    U.S. Ambassador to Athens Pyatt visits Thessaloniki's AHEPA hospital

  16. 10/07 13:39

    Greek PM to chair meeting on Covid-19 checks at the borders

  17. 10/07 13:32

    SOS Children's Villages evacuated due to Vari-Koropi fire in Attica

  18. 10/07 13:06

    Belgium adds Greece to the “green” list

  19. 10/07 12:47

    WTTC: Travelers should wear masks show they care in the new normal

  20. 10/07 09:58

    ETC: Travel to Europe expected to be 54% lower in 2020 compared to 2019

  21. 09/07 22:59

    Sign the internet petition to protect the status of Hagia Sophia

  22. 09/07 22:45

    Mediterranean Film Institute workshops will kick off in Greek island of Nisyros

  23. 09/07 22:33

    Finland opens borders for Greeks and Cypriots on July 13

  24. 09/07 22:04

    Post-COVID-19 green recovery must utilize sustainable aviation fuels

  25. 09/07 21:17

    EPP chief: EU must defend and help Greece and Cyprus against Turkey

  26. 09/07 19:12

    Belgium updates ‘orange’ status of Greece on the coronavirus list

  27. 09/07 17:52

    Greek PM: Public protest bill to protect freedom of public (video)

  28. 09/07 15:38

    Greece has imported Covid-19 incidents but the rise is under control

  29. 09/07 15:26

    Greek FM: Turning Hagia Sophia into a mosque will have a cost for Turkey

  30. 09/07 14:59

    Giant fossilised tree trunk discovered on the Greek island of Lemnos

  31. 09/07 14:37

    Syntagma and Panepistimio Athens metro stations to close today at 18:00

  32. 09/07 13:19

    Greece excluded from Scottish 14-day coronavirus quarantine

  33. 09/07 13:12

    Greek Health Minister: What interests us most is public safety

  34. 09/07 11:42

    Travel + Leisure: Greek hotels and islands win World’s Best Awards for 2020

  35. 09/07 09:21

    Greece's environment ministry programme and its role in the recovery

  36. 09/07 01:27

    Greek Finance Ministry projects budget deficit at 7% of GDP

  37. 09/07 00:58

    World Christian Youth Organisation asks Turkey to respect Hagia Sophia status

  38. 08/07 23:30

    President: Chairing Council of Europe 'a unique opportunity for Greece'

  39. 08/07 22:33

    24 unescorted refugee children relocated from the Greek islands to Finland

  40. 08/07 22:22

    Prime Minister: Greece now has a modern, transparent adoption system

  41. 08/07 21:42

    Temporary lifting of mandatory face masks in shopping malls in Greece

  42. 08/07 21:05

    Greek port of Patras signs concession deal for seaplane services

  43. 08/07 20:48

    33 new Covid-19 cases and no fatalities in Greece on Wednesday

  44. 08/07 15:37

    Greek island of Ios in 100 most stunning islands on the planet

  45. 07/07 23:15

    27 new cases reported and zero fatalities from Covid-19 in Greece

  46. 07/07 22:47

    25 unescorted refugee children relocated from Greek islands to Portugal

  47. 07/07 22:19

    IATA Director General's remarks during media briefing on July 7

  48. 07/07 22:15

    Greek Tourism Minister speaks on the phone with his Egyptian counterpart

  49. 07/07 21:53

    Greek exports fell 32.7% in May due to the Covid-19 pandemic

  50. 07/07 21:31

    EC: Greek economy to shrink by 9% in 2020 and rebound 6% in 2021

  51. 07/07 20:36

    Greek PM and President stress that EU Summit must finalize Recovery Fund

  52. 07/07 19:12

    Greek banks extend moratorium of loan payments to December 31, 2020

  53. 07/07 19:06

    Shared determination to restart tourism at UNWTO ministerial meetings

  54. 07/07 17:59

    Prime Minister: Major steps forward in only one year in Greece

  55. 07/07 15:23

    Photo exhibition 'Forts that bind' in city of Chania in Crete

  56. 07/07 15:06

    IATA traveler survey unveils COVID-19 concerns

  57. 07/07 11:58

    Tourism campaign "Destination Greece. Health First" for foreign visitors

  58. 07/07 00:53

    Greek State Minister: Cabinet reshuffle not a government priority

  59. 07/07 00:48

    The stunning Greek island of Skiathos from above

  60. 06/07 23:40

    Main and auxiliary pensions to be paid together in Greece

  61. 06/07 23:35

    First reproduction of flamingos in Greece makes Halkidiki Natura 2000 wetland

  62. 06/07 18:00

    Serbian foreign minister: Closing border hurts Greece's interests

  63. 06/07 17:40

    Development Minister: Hellinikon project a work of national importance

  64. 06/07 15:35

    Government spox: Greece to resume direct flights with the UK from July 15

  65. 06/07 13:31

    Exporters Association: Greece's productive model must and can change

  66. 06/07 13:17

    Long delays at Promachonas border crossing into Greece

  67. 06/07 11:30

    Greek PM to inaugurate three new Athens metro stations on Monday

  68. 06/07 11:26

    New package of support for tourism enterprises in Greece

  69. 06/07 11:08

    Zero deaths and only 9 new Covid-19 cases reported in Greece

  70. 06/07 01:38

    Αssociated Press: UK PM's father defends trip to Greece through Bulgaria

  71. 05/07 23:15

    Greek borders open for 14 more countries as of July 1

  72. 05/07 23:10

    Ban on circulation in hotspots extended in Greece to July 19

  73. 05/07 23:04

    Cyprus announces no quarantine for UK visitors from August 1

  74. 05/07 19:53

    Nine new Covid-19 cases in Greece and no fatality in last 24 hours

  75. 05/07 18:37

    The small Greek island of Donoussa has said no to plastics

  76. 05/07 18:28

    Entrance of Serbian nationals to Greece postponed from July 6 to July 15

  77. 05/07 16:01

    Migration Minister: Decongestion of Greek islands now visible

  78. 05/07 11:32

    Media travel guide: There’s more to Cyprus than the beach

  79. 04/07 22:57

    Agrotourism: An alternative to traditional tourism in island of Crete

  80. 04/07 22:43

    AP: EU cites Cyprus and Greece for allowing travel vouchers, not refunds

  81. 04/07 21:29

    Media report: The Ancient Greek ideals that inspired US Independence (video)

  82. 04/07 20:36

    Greek President sends wishes to American people for Independence Day

  83. 04/07 20:32

    No fatalities and 25 new cases of Covid-19 confirmed in Greece

  84. 04/07 20:23

    Minister Theoharis: Greece has a quality tourism product to offer

  85. 04/07 20:03

    First global Hellenic Medical Teleconference on the coronavirus

  86. 04/07 15:38

    UNWTO and Italy look ahead as official visit marks restart of tourism on Europe

  87. 04/07 13:19

    Gentiloni: Greek economy will prosper with resources of the Recovery Fund

  88. 04/07 11:14

    Weather front with with rain and hail expected in mainland Greece

  89. 04/07 01:05

    Reuters: As tourists return to resorts, Greeks have modest expectations

  90. 04/07 00:43

    Cyprus in UK list of safe countries with no need for quarantine

  91. 04/07 00:21

    Occupany of Greek hotels that have opened remains at May levels of 20%

  92. 03/07 22:09

    Greek president discusses EU's Recovery Fund with Commission VP

  93. 03/07 22:00

    Three new Athens metro stations to be operational as of Tuesday

  94. 03/07 21:29

    No fatalities again and 28 Covid-19 cases registered in Greece on Friday

  95. 03/07 20:28

    ACI and IATA call for governments to pay costs of public health measures

  96. 03/07 18:20

    US embassy marks July 4th with charity, music, and floodlit buildings

  97. 03/07 18:08

    Giorgio Armani and Gino Sorbillo named new special ambassadors for tourism

  98. 03/07 16:57

    Lamda Development CEO: Hellinikon project 'will make all Greeks proud'

  99. 03/07 15:45

    Shipping Minister checks adoption of health protocols at Patras

  100. 03/07 15:35

    UNWTO, Telefonica help destinations use AI to drive tourism's restart