The record
December 2025
7 stories · Rates, Occupancy, Demand, Fees, Rules & Money
Each month holds the figures its sources published that month, written up under the same figure rule and standards check as the daily news; every story shows the date the desk filed it.
The month in figures
39%Budapest short-term rental demand growth64,055,311 eurosfine imposed on Airbnb by Spanish government7,000short-term rentals phased out in apartment-zoned districts5%December occupancy pacing growth year-over-year$6.9 millionsaved in booking fees in 202551.2%average short-term rental occupancy rate298%year-over-year increase in nights sold
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39%Budapest short-term rental demand growth
Rates
European short-term rental rates rose in December 2025 as Christmas market demand grew
PriceLabs reported rate and booking growth across 15 cities, even as tighter regulations and rising costs reduced accommodation supply in 10 destinati
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64,055,311 eurosfine imposed on Airbnb by Spanish government
Rules & Money
Spain fined Airbnb €64 million for listing unlicensed properties in December 2025
The Spanish consumer rights ministry penalized the platform for 65,122 listings that lacked valid licenses or displayed incorrect registration numbers
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7,000short-term rentals phased out in apartment-zoned districts
Rules & Money
Maui County passed Bill 9 to phase out about 7,000 vacation rentals in December 2025
Maui County passed a law in December 2025 to phase out about 7,000 short-term rentals in apartment-zoned districts over five years, representing half
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5%December occupancy pacing growth year-over-year
Demand
UK short-term rental occupancy paced 5% higher in December 2025
Key Data reported that average daily rates rose 3% and revenue per available rental paced 7% higher year-over-year heading into the winter holiday sea
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$6.9 millionsaved in booking fees in 2025
Fees
Direct bookings saved rental hosts $6.9 million, Hospitable reported in December 2025
Direct booking revenue rose 91% year on year to $53.7 million, allowing operators to bypass online travel agency fees.
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51.2%average short-term rental occupancy rate
Occupancy
U.S. short-term rental occupancy fell to 51.2% in November 2025
AirDNA reported that average occupancy fell 2.6% year-over-year as supply growth outpaced demand, though average daily rates rose 1.6% to $226.61.
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298%year-over-year increase in nights sold
Demand
World Cup host-city rental nights sold rose 298% after the December 2025 schedule
Key Data reported that nights sold for 2026 tournament stays rose 298% year over year across host cities following the match schedule release.
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