Revealed - Airbnb owners charge 597% more to stay at ...

A recent study by money.co.uk examined the average nightly cost of an Airbnb over the dates of the most popular global events in 2022. The average cost of an Airbnb in the same area was also taken for the week before the event, to show the difference in price, and discover the most profitable major events for Airbnb owners.

The Global Music Events Increasing Airbnb Prices the Most in 2022

Rank	Advertisement Event	City	Dates	Average Nightly Price (during event)	Average Nightly Price (previous week)	Increase From Previous Week
1	Glastonbury Festival	Pilton, UK	June 22 - 26	£521	£162	221.6%
2	EXIT	Novi Sad, Serbia	July 7 - 10	£145	£59	145.8%
3	Coachella	Indio, US	April 15 - 17	£1,297	£550	135.8%
4	Eurovision Song Contest	Turin, Italy	May 10-14	£166	£88	88.6%
5	Primavera Sound	Barcelona, Spain	June 2 - 4	£291	£190	53.2%
6	Afro Nation	Portimão, Portugal	July 1 - 3	£218	£145	50.3%
7	Bilbao BBK Live	Bilbao, Spain	July 2 - 9	£224	£150	49.3%
8	Osheaga Festival	Montreal, Canada	July 29 - 31	£285	£192	48.4%
9	Splendour in the Grass	North Byron	July 22 - 24	£310	£231	34.2%
10	Electric Daisy Carnival	Las Vegas, US	May 20 - 22	£518	£389	33.2%

According to money.co.uk’s research, Glastonbury which is held in Pilton, Somerset ranks in first place and experiences the biggest increase of 221.6%. Glastonbury has had many superstar headliners ranging from Taylor Swift, Beyonce, Jay-Z, Stormzy and Ed Sheeran. 2022 marks the return of the festival after a three-year absence and Paul McCartney and Billie Eilish will be headlining this year’s festival. The massive increase in Airbnb’s prices is probably driven by the lack of hotels in the area.

The American music event increasing Airbnb prices the most is Coachella, with prices rocketing by 135.8%. The festival hasn’t taken place for two years due to the pandemic, so 2022 is set to be a big year with the likes of Kanye West (officially billed as Ye), Billie Eilish and Harry Styles headlining the event at Empire Polo Club in Indio, California.

In comparison to the other music events which make the top ten, Afrobeats festival, Afronation is relatively new. The event was first held in Portimão, Portugal in August 2019 and its lineup featured Nigerian music heavyweights such as Burna Boy, Davido and Wizkid. Because of the disruption of the pandemic, Afronation hasn’t been held in Portugal since its first festival and 2022 sees its return to the southern European country. The highly-anticipated festival sees a price increase of 50.3%.

The Global Sporting Events Increasing Airbnb Prices the Most in 2022

Rank	Event	City	Dates	Average Nightly Price (during event)	Average Nightly Price (previous week)	Increase From Previous Week
1	PGA Championship	Tulsa, USA	May 16 - 22	£1,123	£161	597.5%
2	Kentucky Derby	Louisville, USA	May 7	£1,107	£250	342.8%
3	Monaco Grand Prix	Monte Carlo, Monaco	May 27 - 29	£1,045	£255	309.8%
4	British Grand Prix	Silverstone, UK	July 1 – 3	£624	£186	235.5%
5	Canadian Grand Prix	Montreal, Canada	June 17 – 19	£634	£196	223.5%
6	24 Hours of Le Mans	Le Mans, France	June 11 – 12	£310	£109	184.4%
7	Hungarian Grand Prix	Budapest, Hungary	July 29 - 31	£274	£114	140.4%
8	UCI Road World Championships	Wollongong, Australia	September 18 – 25	£584	£260	124.6%
9	Daytona 500	Daytona Beach, USA	February 20	£496	£223	122.4%
10	Indianapolis 500	Indianapolis, United States	May 29	£421	£193	118.1%

Following record-breaking attendance in 2021, The Formula 1 Pirelli British Grand Prix returns as the biggest and fastest sporting event in the UK, causing Airbnb prices to rise by 235.5%. An average nightly Airbnb can be seen to shoot up from £186 to £624 during the event.

The event that sees rental prices increase the most is the PGA Championship, which in 2022 will take place at the Southern Hills Country Club in Tulsa, Oklahoma. While an Airbnb costs £161 on average in the city in early May, prices rise by almost 600% for the week of the tournament, to £1,123.

To view the full research complete with graphics by Money.co.uk, click here.