The short-term rental market in Romania comprises 74 thousand apartments and rooms, up 7.8% compared to the previous year, generating estimated annual revenues of nearly €1 billion. According to European Travel Commission data, Eastern Europe currently leads in the annual growth of short-term rental accommodation supply.
Property owners in Bucharest, Constanța, Brașov, major cities, and tourist resorts increasingly prefer the short-term rental system over the traditional one. In Bucharest, the average monthly rent for a two-room apartment is around €400, bringing an annual income of €4.8 thousand. By comparison, short-term rental revenues can triple this amount: an owner can achieve an average of €13 thousand per year, while a two-room apartment brings €5 thousand per year, according to AirDNA data, which tracks the Airbnb platform. By comparison, the traditional hotel market, operated by nearly 3.4 thousand companies, generated revenues of €1.78 billion.
Frequently Asked Questions
What is the value of the short-term rental market in Romania?
The market generates estimated annual revenues of nearly €1 billion, comprising 74 thousand apartments and rooms.
How much can an owner earn from short-term rentals compared to traditional renting?
Short-term rental earnings can triple traditional rent. While traditional renting brings about €4.8 thousand per year in Bucharest, an owner can achieve an average of €13 thousand per year from short-term rentals.
How much did the traditional hotel market in Romania generate?
The traditional hotel market, operated by nearly 3.4 thousand companies, generated revenues of €1.78 billion.