Short-term rentals still rising

Despite the mainly fiscal measures the government imposed last fall, the supply of short-term rentals continues to soar. In terms of available beds it is now greater than that of the hotel market, while for the first time this summer it is expected to exceed the limit of 1 million beds.

According to data from the Institute of the Greek Tourism Confederation (INSETE), at the rate that the supply of available short-term rental beds is increasing, they will soon exceed 1 million, compared to 888,000 beds available at hotels, according to the latest available data from the Hellenic Chamber of Hotels.

Based on these projections, from July 2019 until this year, 300,000 beds will have been added to short-term rentals compared to just 30,000 at hotels. The percentage increase in the supply of available beds far exceeds the increase in demand, as well as revenue, from foreign...