Friday, July 21, 2023
The hospitality industry sees a huge change in post pandemic world. The hotels in Europe are seeing a rapid rise in prices, whereas Airbnb are offering more competitive rates to the travellers.
The average hotel price in European countries has seen a significant surge in recent times, while Airbnb is offering more economic options for travelers. Why?
As the tourism industry rebounds from the impact of the pandemic, the accommodation costs have risen across the continent. According to recent reports by Moneyzine, the average hotel price in popular European cities has increased by around 30% compared to pre-pandemic levels. The high demand for travel and limited hotel availability have contributed to this sharp rise in prices.
In contrast, Airbnb, the online vacation rental platform, is offering more budget-friendly alternatives for travelers. With a wide range of accommodation options, including private rooms and entire homes, Airbnb is providing economic choices that suit different budgets and travel preferences. This has attracted cost-conscious travelers looking for affordable yet comfortable lodging options.
The soaring hotel prices and Airbnb’s economic offerings reflect the current state of the European tourism industry, with some travelers opting for more affordable and flexible accommodation options amid the rising costs. As travelers continue to explore Europe and demand increases, finding budget-friendly accommodation becomes a key consideration for many, leading them to explore the diverse options offered by Airbnb. The competitive landscape between hotels and Airbnb will likely continue to evolve as the tourism sector continues its recovery journey.
Istanbul, Turkey
Average hotel cost: $118.69
Average Airbnb cost: $45.37
Price reduction: -61.77%
The hospitality industry in Istanbul, Turkey, plays a vital role in the city’s vibrant tourism scene. As a popular destination with a rich cultural heritage, Istanbul attracts millions of visitors each year. The city offers a diverse range of hotels, from luxury establishments with stunning views of iconic landmarks like the Hagia Sophia and the Blue Mosque to budget-friendly accommodations for budget-conscious travelers. With its warm hospitality, delicious cuisine, and historical charm, Istanbul continues to be a favorite choice for travelers from around the world.
Athens, Greece
Average hotel cost: $138.05
Average Airbnb cost: $69.67
Price reduction: -49.53%
The hospitality industry in Athens, Greece, is a key driver of the city’s tourism sector. Known for its ancient history, picturesque landscapes, and warm Mediterranean charm, Athens attracts tourists from all over the world. The city offers a wide range of accommodations, from luxury hotels with views of the Acropolis to cozy guesthouses in charming neighborhoods, providing visitors with a memorable and authentic Greek experience.
Lisbon, Portugal
Average hotel cost: $210.30
Average Airbnb cost: $107.51
Price reduction: -48.88%
Lisbon, Portugal, is a captivating city that combines rich history, stunning architecture, and a vibrant cultural scene. Known for its colorful neighborhoods, such as Alfama and Bairro Alto, Lisbon offers a mix of traditional charm and modern sophistication. From iconic landmarks like Belém Tower to its delicious cuisine and Fado music, Lisbon enthralls visitors with its unique charm and allure.
Berlin, Germany
Average hotel cost: $236.10
Average Airbnb cost: $126.44
Price reduction: -46.45%
Berlin, Germany, boasts a diverse range of hotels and Airbnbs to cater to every traveler’s needs and budget. The city offers luxury hotels with contemporary designs, boutique accommodations in historic buildings, and budget-friendly hostels for backpackers. Additionally, Airbnb options abound, providing unique and authentic stays in various neighborhoods, ensuring an unforgettable Berlin experience.
Paris, France
Average hotel cost: $242.55
Average Airbnb cost: $131.17
Price reduction: -45.92%
Paris, France, the “City of Lights,” captivates visitors with its timeless elegance, iconic landmarks like the Eiffel Tower and Louvre Museum, and romantic ambiance. Renowned for its art, fashion, and gastronomy, Paris offers a plethora of boutique hotels, luxurious accommodations, and charming Airbnb rentals, making it a dream destination for travelers worldwide.
Others includes:
Barcelona, Spain
Average hotel cost: $220.62
Average Airbnb cost: $123.64
Price reduction: -43.96%
Dubrovnik, Croatia
Average hotel cost: $188.36
Average Airbnb cost: $108.59
Price reduction: -42.35%
Helsinki, Finland
Average hotel cost: $141.92
Average Airbnb cost: $82.57
Price reduction: -41.82%
Chisinau, Moldova
Average hotel cost: $68.38
Average Airbnb cost: $40.86
Price reduction: -40.25%
Kotor, Montenegro
Average hotel cost: $123.21
Average Airbnb cost: $73.96
Price reduction: -39.97%
Luxembourg City, Luxembourg
Average hotel cost: $149.01
Average Airbnb cost: $94.40
Price reduction: -36.65%
Budapest, Hungary
Average hotel cost: $127.73
Average Airbnb cost: $81.28
Price reduction: -36.36%
Stockholm, Sweden
Average hotel cost: $127.73
Average Airbnb cost: $82.57
Price reduction: -35.35%
Tallinn, Estonia
Average hotel cost: $86.44
Average Airbnb cost: $58.70
Price reduction: -32.09%
Brussels, Belgium
Average hotel cost: $169.01
Average Airbnb cost: $118.27
Price reduction: -30.02%
Istanbul, Turkey, offers the most significant price reduction (-61.77%) for Airbnb accommodations among the listed cities, making it an attractive option for budget travelers. Many cities, including Athens, Lisbon, and Berlin, show considerable price reductions for both hotels and Airbnbs, indicating a favorable environment for travelers seeking affordable lodging options. Brussels, Belgium, demonstrates the lowest price reduction (-30.02%), suggesting that it might be relatively costlier compared to other cities on the list.
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