AIRBNB IN EUROPE - TALLINN

FIGURES OF 2018
AIRBNB IN
TALLINN TOP NEIGHBOURHOODS:
2018

GUESTS BOOKED ALMOST

312,000
90%
OVERNIGHT STAYS IN 2018
PIRITA

% OF TOTAL BOOKINGS IN
TOP 2 NEIGHBOURHOOD
THIS IS AN INCREASE OF

more than 34% PÕHJA-TALLINN

LASNAMÄE

THE TOTAL OVERNIGHT STAYS HAABERSTI KRISTIINE

IN HOTELS ROSE BY 1.6%
KESKLINN
to 3.1 million MUSTAMÄE

AIRBNB MARKET SHARE* IS STEADILY

INCREASING FROM NÕMME

7.5% to 9.9%
Kesklinn 70%
Põhja-Tallinn 20%
* share of total overnight stays, including hotel accommodation

Airbnb | Tallinn | 2019 ©Colliers International. 2019

TYPE OF ACCOMMODATION
SUMMARY

The accommodation market in Tallinn has shown

ENTIRE HOME ENTIRE HOME ENTIRE HOME ENTIRE HOME positive development during the last nine years with
SHARED ROOM PRIVATE ROOM
1 ROOM 2 ROOMS 3 ROOMS 4+ ROOMS hotel overnights constantly growing since 2010,
PERCENTAGE BOOKED driven largely by both international and domestic
demand growth. However, during this time the
2018

1.0% 7.9% 59.7% 24.0% 6.0% 1.5% accrual of new hotel rooms in Tallinn has been very
modest, which has among other factors created
1.4% 8.5% 60.2% 22.6% 6.0% 1.3%
2017

good base for Airbnb growth.

AVERAGE RATE PER NIGHT
Therefore, the people booking their accommodation
€18 €38 €59 €87 €134 €219 through Airbnb has shown significant increase
during past years. Compared to 2017, the number of
€66 overnight stays increased by approximately 35% in
2018, totaling in 312,330 overnight stays. As usual,
most of the bookings are made with properties
located in the City Centre (Kesklinn) and its close
BOOKED ACCOMMODATION: LANDLORD LISTINGS* surroundings – in Tallinn in a popular hipster’s area
MULTI-LISTERS WITH: in Northern Tallinn (Põhja-Tallinn).
1 ACCOMMODATION 49.0%
Although quite many private persons still do not
2 ACCOMMODATIONS 13.1% declare taxes on income from Airbnb activities,
they are obligated to declare rental income in their
3-10 ACCOMMODATIONS 22.5% income tax return. For making the process easier
TOTAL NUMBER OF BOOKED ACCOMMODATION and collecting more taxes, Estonian Tax and Customs
10+ ACCOMMODATIONS 15.4% UNITS IN 2018 Board signed an agreement on the 5th of December
2018 with Airbnb. Under the agreement, Airbnb will
allow hosts to voluntarily report their earnings via
30%
INCREASE
3,536 Airbnb to the tax authorities, which will subsequently
add the income to the host’s yearly tax returns.

38% MULTI-LISTERS
WITH 3 OR MORE PROPERTIES

*The number of accommodation units hosted by the same landlord, helps track the number of single vs multi-listers in a market

Airbnb | Tallinn | 2019 ©Colliers International. 2019

 MAKSIM GOLOVKO
Partner | Head of Research
Analytical Department, Estonia
maksim.golovko@colliers.com
+372 6160 787
DAMIAN HARRINGTON
Director | Head of EMEA Research
Colliers International
damian.harrington@colliers.com
+44 7867 360 489
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