Airbnb landlords accused of massive price hike at special events

Airbnb landlords accused of massive price hike at special events


Todays other news


Shock figures suggest that Airbnb owners are charging up to 600 per cent more to stay at their properties during major events such as the Glastonbury Festival and the British Grand Prix. 

A study by website Money analyses the average nightly cost of an Airbnb over the dates of major events this coming spring and summer. 

The average cost of an Airbnb in the same area was also taken for the week before the event, to demonstrate the difference in price, and reveal where Airbnb hoists have hiked charges the most. 

The Glastonbury event – headlined this year by Paul McCartney and Billie Eilish – has triggered rises of Airbnb properties in the area by 221.6 per cent, according to the Money analysis.

After a record-breaking attendance in 2021, the Formula 1 British Grand Prix is expected to again be the biggest sporting event in the UK, causing Airbnb prices to soar by 235.5 per cent. An average nightly Airbnb can be seen to jump from £186 to £624 during the event. 

 

In recent years there has been growing criticism of Airbnb hosts taking advantage of major events.

This has particularly been the case in Edinburgh, the city with what is believed to be the highest proportion of Airbnbs in the UK, and where in recent years – at least before the pandemic – charges rocketed around the time of the annual summer arts festivals.

Share this article ...

Join the conversation: Login and have your say

Want to comment on this story? Our focus is on providing a platform for you to share your insights and views and we welcome contributions. All comments are screened using specialist software and may be reviewed by our editorial team before publication. Letting Agent Today reserves the right to edit, withhold or delete comments that violate our guidelines, including those that harass, degrade, or intimidate others. Users who post such content may be banned from commenting.
By commenting, you agree to our Commenting Terms of Use.
4 Comments
Oldest
Newest Most Voted
Inline Feedbacks
View all comments
Recommended for you
Related Articles
Andrews Property Group is under charitable ownership...
The supplier says half of its clients now use open...
The Bank’s monetary committee has made its decision...
The Welsh Government is backing the call for a 'compensation'...
There will be a greater emphasis on digitisation....
A consultation document is being released today....
Recommended for you
Latest Features
Andrews Property Group is under charitable ownership...
New tenancies in England and Wales are at their lowest...
The Scottish system would differ from the UK system in...
Sponsored Content
Tenants want a place they can call home—somewhere comfortable, safe,...
Letting agencies face the dual challenge of keeping both landlords...

Send to a friend

In order to send this article to a friend you must first login. Click on the button below to login or sign up.

No one likes pop-ups ...
But while you're here