INSETE

Nearly 1 million beds were available for short-term rental in July in Greece thanks to strong tourist flows.

Short-term rentals in Greece have increased between 10-12%, each month since the start of 2024, while occupancy rates remain stable

Additionally, there's been a shift in Greeks' travel from Balkan holidays to traditional West Europe destinations, such as the UK, Germany, France and Italy

The findings published by the research Institute revealed that although the numbers were not yet on par with pre-pandemic levels, a total of 6.2 million departures, 34.9 million overnight stays, and 2.4 billion euros in expenditures were recorded

Of the 27,025,200 seats booked from March to October 2024, 80% have been confirmed

Finally, the traveler composition in short-term rentals varies throughout the year, with international visitors dominating in summer and domestic travelers holding a significant share in winter.

The five major markets of inbound tourism to Greece, Germany, France, Italy, the UK, and the USA, contributed a total of €8.9 billion for 2023 to the Greek tourism industry, with German travelers taking the lion’s share (€2.9 billion).

The trend is reinforced by the positive reviews given by visitors to accommodations, especially in areas like Polygono, the First Cemetery of Athens vicinity, Hellenorossi, and Zappeion