Is it profitable to do Airbnb in Chennai, India?
What is the occupancy rate of Airbnb in Chennai, India?
What is the average daily rate of Airbnb in Chennai, India?
India / Chennai
Chennai, Airbnb Market Statistics & Data, India
A typical short-term rental listing in Chennai is booked for 197 nights a year, with a median occupancy rate of 54% and an average daily rate of INR2,503. In 2023, a typical host income (annual revenue) was INR498K. As of 12th September, 2024, there are 1,115 active Airbnb listings.
Average Revenue: INR498K/yr
Occupancy Rate
54%
Avg Daily Rate
INR2,503
Budget
No. of Listings
1,592
Medium
YoY Revenue Change
-1.43%
Best Month
July
** Period: 2023 Aug - 2024 July | Last Updated on: 12th September, 2024
Revenue By Month
2023-08 - 2024-07
Low
INR36,591
Average
INR41,813
High
INR47,474
Is Airbnb Profitable in Chennai?
Yes, there is good short-term rental demand. A 54% 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 Chennai
Short-term rental regulation is lenient in Chennai. 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.
Average Airbnb Occupancy Rate in Chennai
A typical listing recorded a 54% average occupancy rate between 2023-08 - 2024-07. In this graph, you can see the occupancy rate distribution. About 23.92% of the guests are international guests, and visitors from India 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: 54%
1,115 Active Listings
Signup and check out more in-depth vacation rental data for free.
Explore Chennai's Airbnb Data ⟶
Best Areas in Chennai for Airbnb
Are you wondering where to invest in Chennai? Look no further!
- Marina Beach
- Kapaleeshwarar Temple
- Government Museum
- Fort St. George
- San Thome Basilica
- Elliot's Beach
- Arignar Anna Zoological Park
- Valluvar Kottam
- Guindy National Park
- Cholamandal Artists' Village
Top demand Airbnb in Chennai
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 1,115 listings.
See 1,115 listing Statistics
Professional Short-term rental property managers in Chennai
We've compiled a list of host profiles that manage the most Airbnb properties in Chennai. The dashboard shows their average occupancy rate, revenue, and year-over-year changes.
Other short-term rental market data in Chennai
Here is a breakdown of short-let properties in Chennai. 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