Is it profitable to do Airbnb in Bay Of Plenty, New Zealand?
What is the occupancy rate of Airbnb in Bay Of Plenty, New Zealand?
What is the average daily rate of Airbnb in Bay Of Plenty, New Zealand?
New Zealand
Bay Of Plenty, Airbnb Market Statistics & Data, New Zealand
A typical short-term rental listing in Bay Of Plenty is booked for 215 nights a year, with a median occupancy rate of 59% and an average daily rate of NZD233. In 2023, a typical host income (annual revenue) was NZD48K. As of 12th September, 2024, there are 4,239 active Airbnb listings.
Average Revenue: NZD48K/yr
Occupancy Rate
59%
Avg Daily Rate
NZD233
Mid Scale
No. of Listings
5,539
Big
YoY Revenue Change
-1.38%
Best Month
January
** Period: 2023 Aug - 2024 July | Last Updated on: 12th September, 2024
Revenue By Month
2023-08 - 2024-07
Low
NZD2,729
Average
NZD3,779
High
NZD5,782
Is Airbnb Profitable in Bay Of Plenty?
Yes, there is good short-term rental demand. A 59% 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 Bay Of Plenty
Short-term rental regulation is lenient in Bay Of Plenty. 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 New Zealand, learn how much it costs to start an Airbnb and if it’s profitable to start an Airbnb.
Average Airbnb Occupancy Rate in Bay Of Plenty
A typical listing recorded a 59% average occupancy rate between 2023-08 - 2024-07. In this graph, you can see the occupancy rate distribution. About 30.92% of the guests are international guests, and visitors from New zealand 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: 59%
4,239 Active Listings
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Explore Bay Of Plenty's Airbnb Data ⟶
Best Areas in Bay Of Plenty for Airbnb
Are you wondering where to invest in Bay Of Plenty? Look no further!
Top demand Airbnb in Bay Of Plenty
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 4,239 listings.
See 4,239 listing Statistics
Professional Short-term rental property managers in Bay Of Plenty
We've compiled a list of host profiles that manage the most Airbnb properties in Bay Of Plenty. The dashboard shows their average occupancy rate, revenue, and year-over-year changes.
Other short-term rental market data in Bay Of Plenty
Here is a breakdown of short-let properties in Bay Of Plenty. 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.
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