Short-term rental, boosting turnover on the back of tourism
In Q3 2024, stations located at airports developed 68% of turnover compared to 32% in city centres
4' min read
Key points
4' min read
In the first nine months of 2024, short-term rental operators, according to data from Aniasa, developed a turnover of 1.2 billion euros, representing growth of 5.4% over the same period last year. The results are very positive if we consider volumes: rental days were almost 30 million, 2.5 million more than in 2023. While rentals were around 3.8 million, an increase of 13%. In fact, in 2024, more rentals were made but with shorter durations, the average rental time was 7.9 days, down 4%.
On the pricing side, the intersection of supply and demand led to a slight decrease (-3.3%) in the price per rental day, which stood at EUR 40.4. While the decrease is more evident if we consider the price per rental, which decreased by almost 7 percentage points, this value is obviously determined by both the decrease in revenue per day and the decrease in the average duration of rentals.
According to Giuseppe Benincasa, director general of Aniasa, 'there has finally been a rebalancing of fleet availability that has allowed operators to provide more rental days and at the same time there has been a readjustment of economic values'.
In the third quarter, the tourism vocation of this sector emerged much more clearly than in the other quarters. Stations located at Italian airports (Apt) developed 68% of the sector's turnover, while those located in city centres (Downtown) developed the remaining 32%. The same percentages are also recorded for rentals. In fact, passenger traffic at Italian airports rose by 10% in the third quarter. Foreigners in particular (+12%) increased, while domestic traffic grew by 7%.
The gap between the price per day of airport rentals versus downtown rentals is almost 13 euros. Tourists are more profitable.

