Surge in Passenger Travel Demand Boosts Occupancy in Europe, Statistics Show

Occupancy in Europe marked a record high increase last month, with figures at 66 per cent, as supply remained 4 per cent below the pre-pandemic levels, according to the data provided by AirDNA.

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The same source revealed that the number of nights stayed in Europe reached a total of 48.9 million in July this year, or 7.9 per cent more compared to July 2019 figures, reports.

In addition, the same source reveals that the increased demand, as well as inflated occupancy rates, permitted hosts to change a total of 2.7 per cent more on average compared to July last year, despite the fact that the increased rate is slowing compared to the previous month, especially after guests return to smaller properties in territories that charge less.

The figures provided by AirDNA show that the top main markets in Europe accounted for 12.9 per cent of total supply in July, even though the number of eligible listings remains 29,5 per cent below pre-pandemic levels. This inflated the occupancy levels by 17.2 per cent from last year; the most significant increase was registered in Lisbon, Budapest as well as Porto, where international passengers are travelling the most.

A recent report shows that international travel is recuperating fast after two years of strict entry bans and other restrictions imposed to contain the further spread of the Coronavirus and to protect citizens’ lives.

The report notes that larger cities were impacted the most; for example, Dublin, in the second quarter of this year, recorded more than 800 per cent of bookings from international passengers compared to the year before, while domestic bookings decreased by more than 60 per cent. The same was noted in Florence (international 540 per cent increase, domestic 8 per cent decrease) and Rome (international 488 per cent increase, domestic 30 per cent decrease).

At the same time, the figures revealed that nights booked in Europe for the rest of this year are pacing 35.9 per cent higher compared to the same period last year and 2.2 per cent higher than in 2019.

Meanwhile, for this month, Germany is on track to top the charts regarding booking change from pre-pandemic levels, with a total of 24.8 per cent more nights booked, followed by Belgium, 19.3 per cent increase as well as Greece- 18.7 per cent increase and Austria 17 per cent increase.

At the same time, in the second quarter of this year, Hungary, Greece, as well as Croatia, respectively, saw a total of 342.1 per cent, 116,5 per cent, and 80.4 per cent more Airbnb reservations made by domestic passengers in the same comparison period had declined in each of these countries.