Curious about the performance of short-term rentals in Thessaloniki, Greece? Over the last year, the average occupancy rate was 57% with an ADR (Average Daily Rate) of 66€. Hosts earned on average 1073€ per month.

90-day occupancy forecast for Thessaloniki so you can update rates and stay ahead of competitors.
Key metrics to optimize your pricing strategy
Avg. Monthly Revenue
1073€
$976 USD
YoY Revenue Change
4%
vs. previous year
Occupancy Rate
57%
~17 days/month
Average Daily Rate
66€
$60 USD
Seasonality Index
39%
demand variation
Best Months
October, September
peak season
Worst Months
January, February
low season
Our AI-powered platform automatically optimizes your rates. Maximize your revenue with intelligent dynamic pricing.
A 57% occupancy and a €66 average daily rate produce €1,073 a month — solid mid-table urban economics, and the 4% year-on-year growth suggests demand is still absorbing supply. The 205 occupied nights spread relatively evenly across the year, which changes how you should read each number: in a flat market, revenue is won or lost in dozens of small pricing decisions, not in one summer.
Treat €66 as the blended average it is. Fair week in September, congress dates and holiday weekends should clear well above it; wet Tuesdays in February will clear below, and that is fine. Watch length of stay too — the academic and business base books differently from weekend city-breakers, and a listing tuned for both (workspace, flexible check-in, weekly discounts) captures the midweek demand many leisure-only listings miss. If your unit runs materially below 57% across a full year, the problem is usually presentation or pricing, not the market.
Average occupancy rate by month in Thessaloniki, compared with the same month a year earlier.
| Month | Occupancy | Prior year |
|---|---|---|
| Jul 2025 | 56.7% | 54% |
| Aug 2025 | 59.3% | 59% |
| Sep 2025 | 63.5% | 64.7% |
| Oct 2025 | 63.1% | 63.5% |
| Nov 2025 | 60.1% | 58.2% |
| Dec 2025 | 59.1% | 61.2% |
| Jan 2026 | 44.7% | 49% |
| Feb 2026 | 54.6% | 55.3% |
| Mar 2026 | 55.2% | 56% |
| Apr 2026 | 54.1% | 56.6% |
| May 2026 | 58.1% | 58% |
| Jun 2026 | 51.3% | 54.8% |
📌 Historical trends reveal seasonal highs – plan accordingly.
These figures reflect real-time demand in Thessaloniki, helping you plan and price strategically.
Thessaloniki is Greece's second city and behaves like a genuine urban market, not a resort. Guests come for a food scene many consider the country's best, for Byzantine and Ottoman heritage stacked through the centre, for the rebuilt waterfront, and increasingly for events: the Thessaloniki International Fair every September, a dense conference calendar and a growing cruise schedule. Aristotle University — the largest in Greece — adds academic travel, parent visits and constant Erasmus turnover, while low-cost flights and road traffic from the Balkans and Turkey feed weekend city-breaks year round.
That diversity shows in the numbers: 57% average occupancy, 205 occupied nights a year, a €66 average daily rate and €1,073 in monthly revenue, up 4% year on year over the analyzed period (July 2025 to June 2026). It is not a spectacular market. It is a steady one, with demand spread across leisure, business, academic and diaspora travel — and steadiness is worth a lot in revenue management.
Thessaloniki's seasonality index is 39, far below the cross-market average of 100, making this one of the flattest calendars in Greece — and an unusual one. The best months are October and September, not July and August. September brings the International Fair, the start of the university year and conference season; October keeps city-break flows coming with mild weather and no beach to compete against. In high summer, part of local life drains out toward Halkidiki's beaches, so July and August are decent rather than exceptional.
January and February are the soft months, as in most of urban Europe. The management implication: this is an event-priced market more than a season-priced one. Load the fair week, congress dates and concert nights into your calendar and price them individually — the difference between a normal Tuesday and a fair-week Tuesday matters more here than the difference between spring and summer.
Supply concentrates in the compact centre. Around Aristotelous Square and the seafront you get the strongest combination of walkability and rate; Ladadika, the restored warehouse quarter by the port, is the nightlife and restaurant pole and suits guests who want everything at their doorstep. Valaoritou draws a younger crowd. Ano Poli, the upper old town that survived the 1917 fire, offers the most character — stone lanes, Ottoman houses, views over the bay — at the cost of a steep walk.
East of the White Tower, the blocks toward the concert hall and the university serve academic and business stays well. Kalamaria, the upscale coastal district to the southeast, works for families and longer bookings. West of the centre, around the railway station, purchase prices are lower and so are rates — fine for volume strategies, harder for premium ones. Cruise growth is nudging demand toward anything within walking distance of the port.
Greece regulates short-term rentals nationally, and the framework has tightened. Every property needs an AMA registration number from the tax authority (AADE), displayed on every listing and advertisement. Law 5170/2025, in force since October 2025, added mandatory standards: smoke detectors and fire-safety equipment, an electrical safety certificate, civil liability insurance and other documentation, with significant fines for non-compliance. Guests also pay a climate resilience fee collected through the booking. Owners operating three or more properties are treated as a business activity with the corresponding tax obligations.
Specific to Thessaloniki: following the Athens model, new AMA registrations have been suspended in parts of the city centre since March 2026, initially for one year and extendable. Existing registered properties continue to operate, which makes an already-registered unit materially more valuable than an unregistered one inside the frozen zones. Rules keep moving; verify the current map and requirements with AADE and the municipality before buying or listing.
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* Calculations based on 30 days/month. Actual results may vary depending on market, season, property type, and implemented strategy.
The market averaged €1,073 in monthly revenue on a €66 average daily rate, with revenue up 4% year on year. It is a steady urban market rather than a high-peak resort: returns come from consistent year-round occupancy, and acquisition prices remain moderate compared with Athens or the islands.
The average over July 2025 to June 2026 was 57%, about 205 occupied nights a year, spread unusually evenly thanks to a seasonality index of 39. A well-managed central listing should be able to run above the average, especially if it captures midweek academic and business demand.
October and September, not the summer: the International Fair, conference season and the university calendar drive autumn demand, while part of the summer traffic drains to Halkidiki's beaches. January and February are the weakest months.
The market average is €66. Event dates — fair week in September, major congresses, concerts — should clear well above that, and winter weekdays below it. Judge performance on your annual blended rate, not on any single month.
Yes. Every Greek short-term rental needs an AMA number from AADE displayed on all listings, and Law 5170/2025 adds safety equipment, an electrical certificate and liability insurance. Note that new registrations have been suspended in parts of the city centre since March 2026 — check whether an address falls inside the frozen zone before committing.
It blocks new AMA registrations in the affected central zones, initially for one year with possible extension. Properties already registered keep operating, which effectively raises the value of existing registered units and pushes new supply toward districts outside the freeze.