As average hotel prices in Europe surge above inflation and airfares reach a five-year high, summer vacation plans are being reshaped by price-conscious travellers. With financial stress on the rise due to inflation, 80% of travellers have reportedly adjusted their summer travel plans.
In response to this growing concern, financial experts at Moneyzine have unveiled a list of European cities where Airbnb accommodations offer better value compared to hotels. By scraping data from Airbnb.com and Trivago, the team analyzed the average cost per night for both Airbnbs and hotels across 35 European cities to determine the most economical option for summer vacationers.
The results reveal the following top European cities where opting for an Airbnb can significantly alleviate financial burden:
- Istanbul, Turkey: Airbnbs are 61.77% cheaper than hotels, with an average nightly rate of $45.37 compared to $118.69 for hotels.
- Athens, Greece: Airbnbs are 49.53% cheaper, with an average nightly rate of $69.67 versus $138.05 for hotels.
- Lisbon, Portugal: Airbnbs offer a 48.88% price reduction, with an average nightly rate of $107.51 compared to $210.30 for hotels.
- Berlin, Germany: Airbnbs are 46.45% cheaper, with an average nightly rate of $126.44 versus $236.10 for hotels.
- Paris, France: Airbnbs offer a 45.92% price reduction, with an average nightly rate of $131.17 compared to $242.55 for hotels.
The list showcases the potential savings travellers can enjoy by choosing Airbnb accommodations in these cities, making it an attractive option for those seeking affordable summer getaways.
While European hotel prices surge amid inflation, Airbnb offers a cost-effective alternative, allowing travellers to make the most of their vacations without breaking the bank.
For the complete data of the 35 cities analyzed, visit Moneyzine at https://moneyzine.com/uk/.
Sources: AirGuide Business airguide.info, msn.com, moneyzine.com
