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?
South Korea / Busan
Busan, Airbnb Market Statistics & Data, South Korea
A typical short-term rental listing in Busan is booked for 223 nights a year, with a median occupancy rate of 61% and an average daily rate of KRW101,903. In 2023, a typical host income (annual revenue) was KRW22M. As of 12th September, 2024, there are 7,997 active Airbnb listings.
Average Revenue: KRW22M/yr
Occupancy Rate
61%
Avg Daily Rate
KRW101,903
Budget
No. of Listings
11,066
Big
YoY Revenue Change
3.88%
Best Month
August
** Period: 2023 Aug - 2024 July | Last Updated on: 12th September, 2024
Revenue By Month
2023-08 - 2024-07
Low
KRW1,554,023
Average
KRW1,856,760
High
KRW2,856,043
Is Airbnb Profitable in Busan?
Yes, there is good short-term rental demand. A 61% 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 Busan
Short-term rental regulation is lenient in Busan. 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 South Korea, learn how much it costs to start an Airbnb and if it’s profitable to start an Airbnb.
Average Airbnb Occupancy Rate in Busan
A typical listing recorded a 61% average occupancy rate between 2023-08 - 2024-07. In this graph, you can see the occupancy rate distribution. About 30.07% of the guests are international guests, and visitors from South korea 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: 61%
7,997 Active Listings
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Explore Busan's Airbnb Data ⟶
Best Areas in Busan for Airbnb
Are you wondering where to invest in Busan? Look no further!
- Haeundae Beach
- Gwangalli Beach
- Haedong Yonggungsa Temple
- Gamcheon Culture Village
- Jagalchi Fish Market
- Beomeosa Temple
- Taejongdae Park
- Busan Tower
- Oryukdo Skywalk
- Dalmaji Hill
Top demand Airbnb in Busan
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 7,997 listings.
See 7,997 listing Statistics
Professional Short-term rental property managers in Busan
We've compiled a list of host profiles that manage the most Airbnb properties in Busan. The dashboard shows their average occupancy rate, revenue, and year-over-year changes.
Other short-term rental market data in Busan
Here is a breakdown of short-let properties in Busan. 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