Cancellation levels of short-term rentals due to coronavirus in Italy 2020-2021

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.