New study analyzed the average nightly cost of an Airbnb over the dates of the world’s most popular music and sporting events in 2022.
The average cost of an Airbnb in the same area was also taken for the week before the event, to demonstrate the difference in price, and reveal the events impacting Airbnb prices the most.
The study revealed that the global events increasing Airbnb‘s’ prices by over 597% in 2022, from Coachella to the PGA Championship.
The top 10 global sporting events increasing Airbnb prices 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 | $1,502 | $215 | 597.5% |
2 | Kentucky Derby | Louisville, USA | May 7 | $1,481 | $334 | 342.8% |
3 | Monaco Grand Prix | Monte Carlo, Monaco | May 27 – 29 | $1,398 | $341 | 309.8% |
4 | British Grand Prix | Silverstone, UK | July 1 – 3 | $835 | $249 | 235.5% |
5 | Canadian Grand Prix | Montreal, Canada | June 17 – 19 | $848 | $262 | 223.5% |
6 | 24 Hours of Le Mans | Le Mans, France | June 11 – 12 | $415 | $146 | 184.4% |
7 | Hungarian Grand Prix | Budapest, Hungary | July 29 – 31 | $367 | $153 | 140.4% |
8 | UCI Road World Championships | Wollongong, Australia | September 18 – 25 | $781 | $348 | 124.6% |
9 | Daytona 500 | Daytona Beach, USA | February 20 | $664 | $298 | 122.4% |
10 | Indianapolis 500 | Indianapolis, United States | May 29 | $563 | $258 | 118.1% |
The event that sees rental prices jump 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 $215 on average in the city in early May, prices increase by almost 600% for the week of the tournament, to $1,502.
Another major US event takes second place, the Kentucky Derby in Louisville. Prices in the city average at over $1,481 per night for the prestigious race. Monaco’s Grand Prix follows closely behind with Airbnb prices increasing by 309.8% during the event.
The top 10 global music events increasing Airbnb prices in 2022
Rank | 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 | $697 | $217 | 221.6% |
2 | EXIT | Novi Sad, Serbia | July 7 – 10 | $194 | $79 | 145.8% |
3 | Coachella Valley Music & Arts Festival | Indio, US | April 15 – 17 | $1,735 | $736 | 135.8% |
4 | Eurovision Song Contest | Turin, Italy | May 10-14 | $222 | $118 | 88.6% |
5 | Primavera Sound | Barcelona, Spain | June 2 – 4 | $389 | $254 | 53.2% |
6 | Afro Nation | Portimão, Portugal | July 1 – 3 | $292 | $194 | 50.3% |
7 | Bilbao BBK Live | Bilbao, Spain | July 2 – 9 | $300 | $201 | 49.3% |
8 | Osheaga Festival | Montreal, Canada | July 29 – 31 | $381 | $257 | 48.4% |
9 | Splendour in the Grass | North Byron Parklands | July 22 – 24 | $415 | $309 | 34.2% |
10 | Electric Daisy Carnival | Las Vegas,US | May 20 – 22 | $693 | $520 | 33.2% |
The US music event increasing Airbnb prices the most is Coachella, with prices soaring by 135.8%. The festival hasn’t taken place for two years due to the pandemic, so 2022 is sure to be a huge year, with Harry Styles and Billie Eilish recently announced as headliners.
Glastonbury is of course one of the most famous festivals in the world, and so it’s no surprise to see it topping the ranks. If you don’t fancy camping, then there aren’t exactly lots of hotels in the area, which will only serve to drive Airbnb prices up for the weekend (221.6%).
Ranking in second place is EXIT, taking place in Novi Sad, Serbia. The festival sees Airbnb prices increase by 145.8%, with a one-night stay jumping from £59 to £145.