Here is what you need to know about Airbnb-trends in Budapest

Recently, a study was conducted about Airbnb-trends in Budapest and how they relate to the hotel industry. It was András Jancsik, vice-rector of the Budapest Business School, who presented this study during a regional meeting of the Association of Hungarian Hotels and Restaurants – reports turizmus.com.

Data was collected by net scraping between 2014 and 2018. The study reveals that there were 20 583 properties available in Budapest on the Airbnb site during this period, belonging to 11 thousand owners. However, Jancsik emphasised that “this number of properties were never available in Budapest all at the same time”, considering many flats only appear on the site for a short period of time. Property owners often give a shot to this form of renting out, only to decide after a few tries that they want a more permanent lodger.

The study also reveals that the properties available have a wide range of sizes, with available beds ranging from 1 to 16.

On average, the flats have space for 2-4 people, and the average cost for a night is EUR 30. Most of the properties are located in the city centre, on the Pest side of the city.

The most popular areas are the 5th, 6th, 7th and 8th districts of the city.

Another interesting detail revealed is that numerous properties appeared on the site last year for the period of the World Aquatics Championships held in Budapest, then disappeared just as quickly when the competition was over. At the beginning of this year, about 45 000 beds were available in Budapest on the site, which approximately equals the number of people the hotel industry can provide for.