Cape Town| Airbnb Market Data & Overview | South Africa
Cape Town Airbnb Market Data & Overview South Africa
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?
Cape Town, South Africa Airbnb Data
Last updated on: 15th May, 2024
South Africa / Cape Town
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 Cape Town is good for Airbnb.
A typical short-term rental listing in Cape Town is booked for 274 nights a year, with a median occupancy rate of 75% and an average daily rate of ZAR1,383. In Cape Town, A typical host income (annual revenue) was ZAR369K in 2023. There are 23,577 active Airbnb listings as of 2024-04-15. A 75% 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 Cape Town for Airbnb
Best Areas in Cape Town for Airbnb Are you wondering where to invest in Cape Town? 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. 🚀
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
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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