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Online platforms set new monthly records for short-term stays in Q2 - Eurostat

Published 02/10/2023, 12:11
Updated 02/10/2023, 12:16
© Reuters. FILE PHOTO: Passengers walk in the departures area of the Terminal 2 at Paris Charles de Gaulle airport in Roissy-en-France near Paris, France, December 2, 2021. REUTERS/Sarah Meyssonnier/File Photo
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(Reuters) - Online booking platforms continued to exceed pre-COVID levels in the European Union during the second quarter of 2023, with reservations for short-term stays jumping 15.8% and setting new monthly records, the bloc's statistics office said on Monday.

"Guests spent almost 153 million nights in short-term rental accommodation in the EU, booked via Airbnb, Booking (NASDAQ:BKNG), Expedia Group or TripAdvisor," Eurostat said. The data did not include hotel stays.

Bookings made via online platforms increased by nearly a fifth in April, followed by a 22.6% jump in May and a 8.4% rise in June, compared to a year earlier.

Reservations in the first half of the year were 18.8% above 2022 levels and 22.6% ahead of 2019 pre-pandemic levels, the data showed.

© Reuters. FILE PHOTO: Passengers walk in the departures area of the Terminal 2 at Paris Charles de Gaulle airport in Roissy-en-France near Paris, France, December 2, 2021. REUTERS/Sarah Meyssonnier/File Photo

Demand for leisure travel has been soaring both in Europe and globally since the end of COVID-19 lockdowns, nearing pre-pandemic levels even as high inflation erodes consumers' spending power.

Booking Holdings and Airbnb saw their revenues grow by 27% and 18%, respectively, during the April-June quarter.

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