Europe short-term rentals near billion nights

Data shows that the short-term rental market in Europe has experienced a record surge, with the number of nights guests stayed in properties booked through rental platforms reaching 952 million nights in 2025—more than doubling the figure from 2018 (442 million nights). Platforms such as Airbnb have contributed to this growth by enabling travelers to rent homes and apartments instead of traditional hotels, transforming short-term rentals into a major sector within Europe's residential tourism market. However, this expansion has sparked controversy over its impact on local housing markets, with critics arguing that high returns motivate property owners to withdraw units from long-term rental markets, driving up rents and reducing the housing supply available to residents—particularly in tourist cities like Barcelona, which saw rental prices increase by around 70% in 2024. Many European cities, including Barcelona, Amsterdam, and Paris, have begun imposing restrictions on short-term property rentals to protect their local housing markets and ease price pressures, amid ongoing debate over how effective these measures are in restoring market balance.

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