Is it profitable to do Airbnb in Incheon, South Korea?
What is the occupancy rate of Airbnb in Incheon, South Korea?
What is the average daily rate of Airbnb in Incheon, South Korea?
South Korea / Incheon
Incheon, Airbnb Market Statistics & Data, South Korea
A typical short-term rental listing in Incheon is booked for 157 nights a year, with a median occupancy rate of 43% and an average daily rate of KRW84,001. In 2023, a typical host income (annual revenue) was KRW13M. As of 6th September, 2024, there are 2,519 active Airbnb listings.
Average Revenue: KRW13M/yr
Occupancy Rate
43%
Avg Daily Rate
KRW84,001
No. of Listings
6,375
Regulation
Lenient
Best Month
August
** Period: 2023 Aug - 2024 July | Last Updated on: 6th September, 2024
Revenue By Month
2023-08 - 2024-07
Low
KRW932,414
Average
KRW1,155,401
High
KRW1,746,386
Is Airbnb Profitable in Incheon?
No, there is good short-term rental demand. A 43% median occupancy rate is considered a good market for Airbnb. The graph below shows the average monthly host income by month.
Average Airbnb Occupancy Rate in Incheon
A typical listing recorded a 43% average occupancy rate between 2023-08 - 2024-07. In this graph, you can see the occupancy rate distribution.
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.
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