Hungary's government is considering a plan to impose a moratorium on new Airbnb licences in Budapest and to raise taxes on short-term apartment rentals in the capital city, the economy minister said on Monday. Marton Nagy announced the plans about a month after residents of Budapest's sixth district voted to ban short-term rentals from 2026, the first such ban in one of Europe's most popular tourist destinations. Some residents in European tourist hotspots blame short-term lets for driving up home prices. In central Europe, Budapest was the most popular city for short-term stays in 2023 with 6.7 million guest nights, according to Eurostat, ahead of Vienna, Prague, Warsaw, Krakow and others. Eurostat figures show almost 719 million guest nights spent in the European Union were...
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World Tourism Day: Airbnb sees an uptick in travel searches among Indian travellers
Popular trending domestic destinations include Kanpur, Lakshadweep and Ujjain Top trending international destinations for Indian travelers include cities like Tokyo, Amalfi, and Baku Additionally, countries such as Kazakhstan, Azerbaijan, and Montenegro are also leading the trend Preferred international destinations reflect a mix of cultural, coastal, urban travel experiences As World Tourism Day approaches, Airbnb reveals trending travel destinations among Indian travelers for the upcoming festive and autumn season (September-November), showcasing a blend of trending domestic and international destinations captivating Indian travelers. This year's World Tourism Day theme, "Tourism and Peace," emphasizes the vital role travel plays in fostering peace and un...
Read MoreIn a record year for tourism revenues, Greece to ban new short-term lets in Athens
Ban to be in force for at least a year, tax on holiday lets to be increased A ban on new licences for short-term rentals in three districts in central Athens will be in force for at least a year, the Greek government said on Monday, also raising the tax on such holiday lets. Like many other European tourism destinations, Greece is seeking to balance a profitable industry fuelled by online platforms such as Airbnb with the needs of locals facing a housing shortage. A lack of housing and the rising cost of living prompted the country this month to announce an increase in a tax on short-term rentals, ban new licences in central Athens and give homeowners incentives to switch to long-term rentals. A view of the cityscape with the Parthenon temple atop the Acropolis hill seen in th...
Read MoreKochi, a city steeped in history and cultural richness, has emerged as a popular destination for Indian travelers. Renowned for its heritage that dates back centuries, Kochi offers a fascinating blend of historical landmarks, diverse cultural influences, and exceptional hospitality. This coastal city, often referred to as the "Queen of the Arabian Sea", has been a vibrant trading port for over hundreds of years, attracting explorers, traders, and travelers from around the world. With its unique mix of colonial architecture, traditional Kerala culture, and scenic beauty, Kochi provides a myriad of experiences, from serene stays to captivating cultural encounters. Rising Popularity Among Indian Travelers Airbnb data revealed an over 60% increase in bookings for stays in Kochi in 2...
Read MoreAirbnb introduces Icons-Extraordinary experiences from the world's greatest icons Airbnb is introducing Icons, a new category of extraordinary experiences hosted by the greatest names in music, film, television, art, sports, and more. Icons let you step into worlds you’ve only ever dreamed of. Drift off in the Up house. Spend the night in the Ferrari Museum. Hang out with Kevin Hart. Airbnb has unveiled the first 11 Icons, with new experiences dropping around the world throughout the year. “Icons take you inside worlds that only existed in your imagination—until now,” said Brian Chesky, Airbnb Co-founder and CEO. “As life becomes increasingly digital, we’re focused on bringing more magic into the real world. With Icons, we’ve created the most extraordinary experiences on Earth.” ...
Read MoreAirbnb and Duolingo invite to the ultimate travel adventure # Indian GenZ and Millennials are showing a surging interest in travel and learning languages including Japanese and Korean # Dive into the heart of Japan or South Korea by learning a new language with Duolingo and living like a local on Airbnb # Two lucky winners will get an opportunity to explore Japan and South Korea for a 7-day journey, complete with local stays and interactive language experiences With India's GenZs and Millennials showing surging interest in travel to Japan and South Korea, and an increased appetite to learn Japanese and Korean, Airbnb and Duolingo are launching a unique campaign that provides travelers with an extraordinary opportunity to immerse themselves in the rich cultural tapestry of th...
Read MorePlus revamped ratings & reviews, and the new Listings tab featuring a set of tools to help Hosts better showcase their homes Airbnb has more than 7 million homes all over the world. Each home is one-of-a-kind, and this uniqueness is what sets Airbnb apart. But guests often say that with so much variety, it can be hard to know what they’re going to get. This is why many people prefer hotels, and it’s the #1 obstacle preventing them from booking on Airbnb. FILE PHOTO: The Airbnb logo is seen on a little mini pyramid under the glass Pyramid of the Louvre museum in Paris, France. REUTERS/Charles Platiau It has now introduced three major upgrades to help guests understand exactly what to expect before they book: Guest Favorites - A collection of the 2 million most-loved h...
Read MoreSince it's inception in 2008, Airbnb has continuously grown in popularity, seeing an increasing number of hosts and visitors alike use their platform. In 2022 alone, the platform amassed a staggering 8.4 billion in revenue, up from 5.99 billion the previous year. In fact, asides from the pandemic in 2020, the company has seen increasing YoY revenue of at least 1 billion each year. MoneyTransfers.com team has investigated which countries are the most popular destinations on Airbnb. This study highlights the dynamic nature of the short-term rental market. Additionally, the Airbnb statistics also speak somewhat about its user and host base, offering a holistic view of this pioneering sharing economy platform. FILE PHOTO: The Airbnb logo is seen on a little mini pyramid under the glass ...
Read More# Data shows there were over 19,000 guest arrivals in areas across the country with Airbnb listings and no hotels, earning Airbnb hosts more than INR 40 million # Nearly 100 Indian cities and towns had their first Airbnb booking since March 2020 # The number of domestic nights booked in India doubled in 2022 compared with 2019 Airbnb Hosts and guests have emerged as key drivers of economic activity in areas not served by traditional accommodation across India. A new report shows there were over 19,000 guest arrivals in communities within India with Airbnbs and no hotels in 2022. This has generated almost INR 40 million in Host earnings. Based on a first-ever analysis of Airbnb and OpenStreetMapdata, the data demonstrates the value Airbnb listings bring to underserved com...
Read MoreThe Italian city of Florence on Thursday announced an immediate ban on new short-term private vacation rentals in the Renaissance city’s historic center, part of an effort to draw full-time residents back to one of Italy’s most popular tourist destinations. Mayor Dario Nardella called the ban “daring” but legally defensible. “If we don’t try to take politically disruptive actions, no one makes a move,” Nardella said, referring to expectations that the Italian government would adopt a plan that so far allows only Venice to cap the number of days a property can be rented out at 120. FILE PHOTO: A view shows the Ponte Vecchio bridge and the Arno River in Florence. The Ponte Vecchio, or Old Bridge, crosses the River Arno at its narrowest point. REUTERS/Regis Duvignau “We are tired...
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