In a world where some of the most unique destinations are just a click away, which stand out and which are starting to shine? Looking back at 2022, we discovered what the highest and lowest-ranked destinations are based on supply and revenue performance.
Despite a major recovery this summer, European travel volumes are still behind the pre-pandemic days, which are not expected to be surpassed until 2024. The most recent edition of the ‘European Tourism Trends & Prospects’ quarterly report from the European Travel Commission (ETC) continues to monitor COVID-19 impact on the sector, examining how travel is rebounding amid the current wave of infections and ongoing vaccination programmes.
In this article we investigate the growing European short-term rental markets, comparing reservation levels through May with those recorded in May 2019. Not only do we identify the European hotspots emerging in the wake of the pandemic, but in analyzing the short-term rental data, we pick up on trends within these top performers.
At the beginning of April last year, European reservations were down 92% on 2019. Some areas however, have climbed out of this abyss, and through 2020 have secured more reservations than in 2019.
So which European short term rental markets are attracting higher demand through COVID-19 and what’s the outlook for 2021?