The coronavirus (COVID-19) pandemic had a significant impact on the short-term rental market in Italy in 2020. On February 11, the cancellation level of short-term rental property reservations reached 19 percent. On March 3, roughly a week before the beginning of the country's lockdown, the ratio of cancellations versus bookings increased significantly, reaching 145 percent. On March 10, one day after the start of the lockdown, this ratio reached 232 percent. After decreasing during the 2020 summer, the ratio fluctuated during the following months, reaching about 35 percent as of January 12, 2021. For further information about the coronavirus (COVID-19) pandemic, please visit our dedicated Facts and Figures page.
Cancellation levels of short-term rental property reservations due to the impact of the coronavirus (COVID-19) in Italy from February 11, 2020 to January 12, 2021
Characteristic
Ratio cancellations vs. bookings
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Any percentage value below 100% is a positive pick up (bookings), any percentage value above 100% indicated negative pick up (cancellations)
Supplementary notes
Data on Italy relate to the following markets (regions, areas or cities): Apulia, Bergamo, Catania, Como, Florence, Genoa, Grosseto, Liguria West Coast, Lucca, Milan, Naples, Palermo, Rome, Siena, Trentino-South Tyrol, Trieste, Venice.
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Transparent. (January 12, 2021). Cancellation levels of short-term rental property reservations due to the impact of the coronavirus (COVID-19) in Italy from February 11, 2020 to January 12, 2021 [Graph]. In Statista. Retrieved July 21, 2024, from https://www.statista.com/statistics/1116630/cancellation-levels-of-short-term-rentals-due-to-coronavirus-in-italy/
Transparent. "Cancellation levels of short-term rental property reservations due to the impact of the coronavirus (COVID-19) in Italy from February 11, 2020 to January 12, 2021." Chart. January 12, 2021. Statista. Accessed July 21, 2024. https://www.statista.com/statistics/1116630/cancellation-levels-of-short-term-rentals-due-to-coronavirus-in-italy/
Transparent. (2021). Cancellation levels of short-term rental property reservations due to the impact of the coronavirus (COVID-19) in Italy from February 11, 2020 to January 12, 2021. Statista. Statista Inc.. Accessed: July 21, 2024. https://www.statista.com/statistics/1116630/cancellation-levels-of-short-term-rentals-due-to-coronavirus-in-italy/
Transparent. "Cancellation Levels of Short-term Rental Property Reservations Due to The Impact of The Coronavirus (Covid-19) in Italy from February 11, 2020 to January 12, 2021." Statista, Statista Inc., 12 Jan 2021, https://www.statista.com/statistics/1116630/cancellation-levels-of-short-term-rentals-due-to-coronavirus-in-italy/
Transparent, Cancellation levels of short-term rental property reservations due to the impact of the coronavirus (COVID-19) in Italy from February 11, 2020 to January 12, 2021 Statista, https://www.statista.com/statistics/1116630/cancellation-levels-of-short-term-rentals-due-to-coronavirus-in-italy/ (last visited July 21, 2024)
Cancellation levels of short-term rental property reservations due to the impact of the coronavirus (COVID-19) in Italy from February 11, 2020 to January 12, 2021 [Graph], Transparent, January 12, 2021. [Online]. Available: https://www.statista.com/statistics/1116630/cancellation-levels-of-short-term-rentals-due-to-coronavirus-in-italy/
