Is it profitable to do Airbnb in Galway, Ireland?
What is the occupancy rate of Airbnb in Galway, Ireland?
What is the average daily rate of Airbnb in Galway, Ireland?
Ireland / Galway
Galway, Airbnb Market Statistics & Data, Ireland
A typical short-term rental listing in Galway is booked for 277 nights a year, with a median occupancy rate of 76% and an average daily rate of €121. In 2023, a typical host income (annual revenue) was €33K. As of 12th September, 2024, there are 507 active Airbnb listings.
Average Revenue: €33K/yr
Occupancy Rate
76%
Avg Daily Rate
€121
Mid Scale
No. of Listings
918
Small
YoY Revenue Change
2.28%
Best Month
August
** Period: 2023 Aug - 2024 July | Last Updated on: 12th September, 2024
Revenue By Month
2023-08 - 2024-07
Low
€1,775
Average
€2,663
High
€3,971
Is Airbnb Profitable in Galway?
Yes, there is good short-term rental demand. A 76% 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 Galway
Short-term rental regulation is lenient in Galway. 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 Galway
A typical listing recorded a 76% average occupancy rate between 2023-08 - 2024-07. In this graph, you can see the occupancy rate distribution. About 81.02% of the guests are international guests, and visitors from United states 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: 76%
507 Active Listings
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Explore Galway's Airbnb Data ⟶
Best Areas in Galway for Airbnb
Are you wondering where to invest in Galway? Look no further!
- Eyre Square
- Galway Cathedral
- Spanish Arch
- Salthill Promenade
- Quay Street
- Galway City Museum
- National University of Ireland Galway
- Galway Market
- Claddagh
- Eglinton Canal
Top demand Airbnb in Galway
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 507 listings.
See 507 listing Statistics
Professional Short-term rental property managers in Galway
We've compiled a list of host profiles that manage the most Airbnb properties in Galway. The dashboard shows their average occupancy rate, revenue, and year-over-year changes.
Other short-term rental market data in Galway
Here is a breakdown of short-let properties in Galway. 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