Busan
Airbnb Market Data & Overview
South Korea

Is it profitable to do Airbnb in Busan, South Korea?

What is the occupancy rate of Airbnb in Busan, South Korea?

What is the average daily rate of Airbnb in Busan, South Korea?

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Busan, South Korea Airbnb Data

Last updated on: 15th May, 2024

South Korea / Busan
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.
Without further ado, let's see if Busan is good for Airbnb.

Is Airbnb Profitable in Busan ?

Yes, there is a good short-term rental demand..
Occupancy Rate

60%

KRW103,280

Daily Rate

KRW22M

Revenue (2023)

8,283

Number of Listings
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A typical short-term rental listing in Busan is booked for 219 nights a year, with a median occupancy rate of 60% and an average daily rate of KRW103,280. In Busan, A typical host income (annual revenue) was KRW22M in 2023. There are 8,283 active Airbnb listings as of 2024-04-15.
A 60% median occupancy rate is considered a good market to do an Airbnb. Take professional photos of your property, get a few good reviews on Airbnb, then you are likely to make good income.

Best Areas in Busan for Airbnb

Best Areas in Busan for Airbnb Are you wondering where to invest in Busan? Look no further! Here are 10 areas travelers often search for. You can find the short-term rental statistics of all of these neighborhoods from Airbtics! Check out which neighborhood has the highest rental demand. 🚀
  1. Haeundae Beach
  2. Gwangalli Beach
  3. Haedong Yonggungsa Temple
  4. Gamcheon Culture Village
  5. Jagalchi Fish Market
  6. Beomeosa Temple
  7. Taejongdae Park
  8. Busan Tower
  9. Oryukdo Skywalk
  10. Dalmaji Hill
Okay, you might wonder about more specific data. 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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