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 Chiang Mai is good for Airbnb.
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 THB1,334. In Chiang Mai, A typical host income (annual revenue) was THB318K in 2023. There are 8,616 active Airbnb listings as of 2024-04-15. A 67% 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 Chiang Mai for Airbnb
Best Areas in Chiang Mai for Airbnb Are you wondering where to invest in Chiang Mai? 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. 🚀
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
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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