Budapest set for two-year moratorium on new STR registrations
Hungary: The Hungarian Government has announced a planned two-year moratorium on new short-term rental registrations in Budapest.
Budapest district votes to ban STRs in referendum
Hungary: Residents in Terézváros, the District VI of Budapest, have narrowly voted to ban short-term rentals in the district in a referendum.
Budapest district to vote in referendum on Airbnb operations
Hungary: Residents in Terézváros, the District VI of Budapest, are set to vote soon in a referendum which proposes to ban Airbnb from listing properties for short-term rental in the neighbourhood.
Eurostat: Online booking platforms continued growth in Q2
Europe: Guests spent almost 153 million nights in short-term rental accommodation in the European Union in the second quarter of 2023, booked via Airbnb, Booking, Expedia Group or TripAdvisor, according to the EU’s statistical agency Eurostat.
Booking Holdings’ Hungarian office raided by competition watchdog
Hungary: National competition watchdog GVH raided the Budapest office of Booking Holdings on Wednesday as part of a probe into the online accommodation booking and service market in Hungary.
Booking.com set for expedited fee probe by watchdog in Hungary
Hungary: The Hungarian competition watchdog [GVH] is set to launch an expedited probe against Booking.com due to debts owned to hosts and other property owners in the country.
2022 EU nights booked on online platforms top 2019
Europe: In Q4 2022, guests spent around 97 million nights in short-term rental accommodation in the EU, booked via Airbnb, Booking, Expedia Group or TripAdvisor, according to Eurostat.
AirDNA: 2022 ends on high note for European short-term rentals
Europe: Short-term rentals in Europe ended 2022 on a high for strong demand, with 10.2 per cent more nights booked than in December 2019 and 47.4 per cent more than in 2021, and revenue up 38.5 per cent, according to AirDNA.
AirDNA: Rates and travel patterns normalise in record European summer
Europe: The summer of 2022 saw a full recovery from the pandemic in Europe, with 3.5 per cent more nights stayed in a short-term rental in June, July and August than in 2019, according to AirDNA.
Budapest moves a step closer to short-term rental caps
Hungary: Hungary’s government, led by Prime Minister Viktor Orbán, has approved legislation that will pave the way for local governments to increase the regulation of short-term rentals in the capital city of Budapest. Budapest’s mayor Gergely Karácsony has also thrown his weight behind the restrictions, which include capping the number of days property owners and […]