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Short-term rentals enjoyed another year of growth in 2024, despite the imposition of a series of tax and operational measures that seek to put a brake on the large increase in accommodations and to turn a portion of owners toward long-term rentals.<\/p>\n
According to data from the research company AirDNA, in 2024 Greece was among the markets that recorded healthy growth rates at the European level. Last year ended with an annual increase of 9% in the number of active short-term rental accommodation listings. A total of 122,756 assets were in operation, compared to 113,116 in 2023, and 102,713 in 2019.<\/p>\n
Of course, despite the 20% increase compared to 2019, it is evident that the actual number of accommodations is very close to the estimates of both the Independent Authority for Public Revenue (AADE) and Short-Term Accommodation Managers Association (STAMA), in contrast to those of the Institute of the Greek Tourism Confederation (INSETE) and the hotel industry in general, which speak of over 200,000 accommodation units nationwide.<\/p>\n
Even so, it is evident that the measures taken in 2024 did not limit the activity of short-term rentals, which continues to be particularly popular. The appeal of the short-term rental sector is explained by the fact that there has been a steady increase in demand, which in fact continues to be greater than the corresponding increase in supply.<\/p>\n
According to AirDNA, in 2024 there was a 16% increase in overnight stays, which amounted to 14.12 million, compared to 12.1 million in 2023, while compared to 2019, the increase reaches 42%. Correspondingly, the average occupancy per unit was 58%, recording an increase of 3% from 2023 and 10% compared to 2019.<\/p>\n
These figures are also reflected in tax revenues. As Giorgos Pitsilis, the head of AADE, noted recently at a conference, in 2024 over 2.2 million declarations of short-term landlords were submitted and 870 million euros in revenues were recorded, up from \u20ac750 million in 2023.<\/p>\n<\/p><\/div>\n