Is it profitable to do Airbnb in Chiang Mai, Thailand?
What is the occupancy rate of Airbnb in Chiang Mai, Thailand?
What is the average daily rate of Airbnb in Chiang Mai, Thailand?
Thailand / Chiang Mai
Chiang Mai, Airbnb Market Statistics & Data, Thailand
A typical short-term rental listing in Chiang Mai is booked for 245 nights a year, with a median occupancy rate of 67% and an average daily rate of THB1,408. In 2023, a typical host income (annual revenue) was THB344K. As of 12th September, 2024, there are 7,149 active Airbnb listings.
Average Revenue: THB344K/yr
Occupancy Rate
67%
Avg Daily Rate
THB1,408
Budget
No. of Listings
10,211
Big
YoY Revenue Change
3.17%
Best Month
January
** Period: 2023 Aug - 2024 July | Last Updated on: 12th September, 2024
Revenue By Month
2023-08 - 2024-07
Low
THB21,476
Average
THB29,890
High
THB47,473
Is Airbnb Profitable in Chiang Mai?
Yes, there is good short-term rental demand. A 67% 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 Chiang Mai
Short-term rental regulation is lenient in Chiang Mai. 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 Chiang Mai
A typical listing recorded a 67% average occupancy rate between 2023-08 - 2024-07. In this graph, you can see the occupancy rate distribution. About 91.48% of the guests are international guests, and visitors from China 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: 67%
7,149 Active Listings
Signup and check out more in-depth vacation rental data for free.
Explore Chiang Mai's Airbnb Data ⟶
Best Areas in Chiang Mai for Airbnb
Are you wondering where to invest in Chiang Mai? Look no further!
- Wat Phra That Doi Suthep
- Chiang Mai Old City
- Night Bazaar
- Wat Chedi Luang
- Doi Inthanon National Park
- Elephant Nature Park
- Sunday Walking Street Market
- Wat Phra Singh
- Doi Suthep-Pui National Park
- Tha Phae Gate
Top demand Airbnb in Chiang Mai
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 7,149 listings.
See 7,149 listing Statistics
Professional Short-term rental property managers in Chiang Mai
We've compiled a list of host profiles that manage the most Airbnb properties in Chiang Mai. The dashboard shows their average occupancy rate, revenue, and year-over-year changes.
Other short-term rental market data in Chiang Mai
Here is a breakdown of short-let properties in Chiang Mai. 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