Airbnb Rentals in Croatia Up 122%

Airbnb rentals up over 100% in Croatia (screenshot)

The number of guest holidaying in accommodation rented via the Airbnb website grew last year by a massive 122%…

A new study conducted by researchers at Pennsylvania State University focusing on 12 major markets in the U.S, has revealed that more people are now becoming full-time operators with nearly 30% of Airbnb’s revenue in those markets coming from those with full-time rentals available 360 days a year.

In Airbnb’s Croatian portfolio there are almost 51,000 individual rental properties available, which is 85% more than there was a year ago.

“The number of guests who spent holidays in Croatia in accommodation rented via Airbnb last year grew by 122% compared to 2014,” Airbnb spokesperson Ekatarina Kukureko told Poslovni dnevnik.

The study, which was funded by the hotel industry, shows that the rise of Airbnb over recent years is effecting hotel business, much like what Uber is doing to the taxi industry.

“The study shows an explosion in activity among multi-unit hosts and the rise of full-time operators in each of the 12 markets we analyzed. Further, operators renting out three or more units represent a disproportionate share of revenue with only 7 percent driving more than $325 million in the period studied,” Dr. John O’Neill, Professor and Director of the Center for Hospitality Real Estate Strategy at Penn State University, told smallbiztrends.