Short-stay turnover at €3.5 bln

The turnover generated by the accommodation of guests in short-term rental accommodation has increased significantly compared to previous years and is now approaching 30% of the turnover made by hotel units.

The capacity of the short-term rental market in terms of available beds has now exceeded the corresponding capacity of hotels. According to data from the Institute of the Greek Tourism Confederation (INSETE) and the Institute of Tourism Research and Forecasting of the Hellenic Chamber of Hotels, last July the available beds in short-term rental accommodation amounted to 939,000, while the available beds in hotels throughout the country amounted to 887,748.

According to data from short-term rental platforms, such as Airbnb and Booking.com, which are at the disposal of the above two research centers, turnover in this category exceeds 3.5 billion euros. It is noted...