Greece’s short-term rental sector continues its robust growth in 2025

Greece’s short-term rental sector continues its robust growth in 2025, reaching a significant milestone with over 1 million beds available in April, three months earlier than the previous year’s peak in July. According to data from INSETE, the market experienced substantial increases in both beds and accommodations, alongside rising occupancy rates, primarily driven by foreign visitors.

Record-Breaking Bed Availability

In April 2025, Greece recorded 1,008,000 short-term rental beds, a 72,000 increase from 936,000 in April 2024. The first quarter also showed consistent growth:

• January 2025: 947,000 beds, up 101,000 from 845,000 in 2024.
• February 2025: 961,000 beds, an 84,000 increase from 877,000 in 2024.
• March 2025: 981,000 beds, up 75,000 from 906,000 in 2024.

Surge in Accommodations

The supply of short-term rental properties also grew significantly. April 2025 saw 228,000 accommodations, a 16,000 increase from 212,000 in April 2024. The first quarter followed suit:

• January: 213,000 accommodations, up 23,000 from 190,000 in 2024.
• February: 216,000 accommodations, a 20,000 increase from 196,000 in 2024.
• March: 222,000 accommodations, up 18,000 from 204,000 in 2024.

Rising Occupancy Rates

Despite the increased supply, occupancy rates remained strong. The first quarter of 2025 showed notable gains:

• January: 14% occupancy, up 2 percentage points from 12% in 2024.
• February: 15% occupancy, a 5-point jump from 10% in 2024.
• March: 17% occupancy, stable compared to 16% in 2024.

In April, occupancy reached 26%, a 3-point increase from 23% in April 2024, reflecting sustained demand.

Shorter Stays

The average length of stay slightly declined in 2025:

• January: 3.1 nights, down 3.1% from 3.2 nights in 2024.
• February: 3.2 nights, an 11.1% decrease from 3.6 nights in 2024.
• March: 3.4 nights, a 2.9% drop from 3.5 nights in 2024.
• April: 3.7 nights, unchanged from April 2024.

Foreign Visitors Drive Demand

Foreign tourists significantly fueled the market’s growth. Their share of short-term rental bookings increased throughout the period:

• January: 60% foreign visitors, 40% domestic.
• February: 64% foreign, 36% domestic.
• March: 69% foreign, 31% domestic.
• April: 86% foreign, 14% domestic.

The dominance of international visitors underscores Greece’s growing appeal as a global tourism destination.

Conclusion

The short-term rental market in Greece continues to thrive, with April 2025 marking a new high of over 1 million beds and sustained occupancy growth. While the average stay length has slightly decreased, the influx of foreign visitors highlights the sector’s robust demand and its critical role in Greece’s tourism economy accordinh to greek city times

Source: pagenews.gr