Is it profitable to do Airbnb in Banff, Alberta, Canada?
What is the occupancy rate of Airbnb in Banff, Alberta, Canada?
What is the average daily rate of Airbnb in Banff, Alberta, Canada?
Canada / Banff, Alberta
Banff, Alberta, Airbnb Market Statistics & Data, Canada
A typical short-term rental listing in Banff, Alberta is booked for 226 nights a year, with a median occupancy rate of 62% and an average daily rate of CA$343. In 2023, a typical host income (annual revenue) was CA$78K. As of 12th September, 2024, there are 145 active Airbnb listings.
Average Revenue: CA$78K/yr
Occupancy Rate
62%
Avg Daily Rate
CA$343
Upscale
No. of Listings
191
Small
YoY Revenue Change
-12.32%
Best Month
August
** Period: 2023 Aug - 2024 July | Last Updated on: 12th September, 2024
Revenue By Month
2023-08 - 2024-07
Low
CA$2,426
Average
CA$5,852
High
CA$14,023
Is Airbnb Profitable in Banff, Alberta?
Yes, there is good short-term rental demand. A 62% median occupancy rate is considered a good market for Airbnb. The graph below shows the average monthly host income by month.
Tip! investing in a short-term rental can be highly stable and profitable. It’s stable because housing has been one of the most stable asset classes. Also, when you can’t do an Airbnb anymore, you can still rent it out to a long-term tenant with a lower yield. It is highly profitable because the monthly cash flow from short-term rental investment typically is double the amount of traditional rentals.
Starting an Airbnb in Banff, Alberta
Short-term rental regulation is lenient in Banff, Alberta. Very few Airbnb listing currently have put their license number on their Airbnb listing. This likely means the local government is not strictly enforcing the short-term rental-related regulations.
We made a guide on things you need to know before starting an Airbnb in Canada, learn how much it costs to start an Airbnb and if it’s profitable to start an Airbnb.
Average Airbnb Occupancy Rate in Banff, Alberta
A typical listing recorded a 62% average occupancy rate between 2023-08 - 2024-07. In this graph, you can see the occupancy rate distribution. About 56.87% of the guests are international guests, and visitors from Canada is the largest group. Learn more about guest origin!.
You can find the distribution graph of daily rate and revenue in our market dashboard.
You can find the distribution graph of daily rate and revenue in our market dashboard.
Occupancy Rate: 62%
145 Active Listings
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Explore Banff, Alberta's Airbnb Data ⟶
Best Areas in Banff, Alberta for Airbnb
Are you wondering where to invest in Banff, Alberta? Look no further!
- Banff National Park
- Lake Louise
- Moraine Lake
- Banff Gondola
- Johnston Canyon
- Sulphur Mountain
- Bow Falls
- Banff Upper Hot Springs
- Lake Minnewanka
- Cave and Basin National Historic Site
Top demand Airbnb in Banff, Alberta
Airbtics has been tracking all Airbnb listings since 2019. This allows us to understand interesting metrics, like which properties earn the most in the market. Here are our top picks. Go to the app to find detailed information about 145 listings.
See 145 listing Statistics
Professional Short-term rental property managers in Banff, Alberta
We've compiled a list of host profiles that manage the most Airbnb properties in Banff, Alberta. The dashboard shows their average occupancy rate, revenue, and year-over-year changes.
Other short-term rental market data in Banff, Alberta
Here is a breakdown of short-let properties in Banff, Alberta. You might wonder about more specific data before buying an Airbnb property. For example, how much can an average listing with 4 bedrooms and a pool make? Or, what is the seasonality in booking? When is the peak month? Click the below button and check out more in-depth vacation rental data for free.
Property Size
Amenities
Property Type
Cancelation Policy Type
By Channel Type