European Short-Term Rental Surge Defies Regulatory Challenges
Skift Take
Despite facing backlash due to the housing crunch in many cities, Europe's short-term rental market is booming this summer.
Europe’s short-term rental market is booming this summer, defying stricter regulations aimed at curbing its rapid growth. Even with licensing hurdles in many countries, the market in Europe is thriving.
The Skift Travel Health Index tracks short-term rental performance through bookings, on-the-books reservations, and key performance indicators such as occupancy, nightly rates, and revenues. In May 2024, European short-term rental performance overtook May 2023 by 9%, kicking off the summer travel season early.
Demand Soars, Supply Gr