Is it profitable to do Airbnb in Cape Town, South Africa?
What is the occupancy rate of Airbnb in Cape Town, South Africa?
What is the average daily rate of Airbnb in Cape Town, South Africa?
South Africa
Cape Town, Airbnb Market Statistics & Data, South Africa
A typical short-term rental listing in Cape Town is booked for 259 nights a year, with a median occupancy rate of 71% and an average daily rate of ZAR1,663. In 2023, a typical host income (annual revenue) was ZAR421K. As of 12th September, 2024, there are 19,114 active Airbnb listings.
Average Revenue: ZAR421K/yr
Occupancy Rate
71%
Avg Daily Rate
ZAR1,663
Budget
No. of Listings
26,573
Big
YoY Revenue Change
15.34%
Best Month
February
** Period: 2023 Aug - 2024 July | Last Updated on: 12th September, 2024
Revenue By Month
2023-08 - 2024-07
Low
ZAR23,349
Average
ZAR34,827
High
ZAR47,313
Is Airbnb Profitable in Cape Town?
Yes, there is good short-term rental demand. A 71% 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 Cape Town
Short-term rental regulation is lenient in Cape Town. 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 Africa, learn how much it costs to start an Airbnb and if it’s profitable to start an Airbnb.
Average Airbnb Occupancy Rate in Cape Town
A typical listing recorded a 71% average occupancy rate between 2023-08 - 2024-07. In this graph, you can see the occupancy rate distribution. About 44.74% of the guests are international guests, and visitors from South africa 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: 71%
19,114 Active Listings
Signup and check out more in-depth vacation rental data for free.
Explore Cape Town's Airbnb Data ⟶
Best Areas in Cape Town for Airbnb
Are you wondering where to invest in Cape Town? Look no further!
- Table Mountain
- V&A Waterfront
- Robben Island
- Cape of Good Hope
- Kirstenbosch National Botanical Garden
- Camps Bay Beach
- Bo-Kaap
- Two Oceans Aquarium
- District Six Museum
- Groot Constantia Wine Estate
Top demand Airbnb in Cape Town
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 19,114 listings.
See 19,114 listing Statistics
Professional Short-term rental property managers in Cape Town
We've compiled a list of host profiles that manage the most Airbnb properties in Cape Town. The dashboard shows their average occupancy rate, revenue, and year-over-year changes.
Other short-term rental market data in Cape Town
Here is a breakdown of short-let properties in Cape Town. 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