INSETE: Greek listings on Airbnb and HomeAway reach €1.15 billion in revenues
Turnover from short-term real estate leasing, mainly through the Airbnb and HomeAway platforms, reached 1.15 billion euros in Greece over the period between June 2018 and May 2019, according to results of a study by INSETE, the research body of the Greek Tourism Confederation (SETE).
Based on the study, properties listed for lease in Greece over the same period exceeded 170,500, of which nearly 137,500, i.e. 81 percent, were leased at least once.
Independent lodgings accounted for 1.08 billion euros of the total, with the average vacancy estimated at 53%, and an average per diem rate of 146 euros.
INSETE calculated the average daily revenue per property at 77 euros or 8,912 euros per year.
According to another estimate by Euromonitor, nevertheless, the figure for the entire short-term lease market in Greece reaches a stratospheric 9.9 billion euros for 2018.