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 KRW103,280. In 2023, a typical host income (annual revenue) was KRW22M. As of 6th September, 2024, there are 7,386 active Airbnb listings.
Average Revenue: KRW22M/yr
Occupancy Rate
61%
Avg Daily Rate
KRW103,280
No. of Listings
16,500
Regulation
Lenient
Best Month
August
** Period: 2023 Aug - 2024 July | Last Updated on: 6th September, 2024
Revenue By Month
2023-08 - 2024-07
Low
KRW1,554,023
Average
KRW1,848,534
High
KRW2,840,922
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.
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.
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.
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