Is it profitable to do Airbnb in Johannesburg, South Africa?
What is the occupancy rate of Airbnb in Johannesburg, South Africa?
What is the average daily rate of Airbnb in Johannesburg, South Africa?
South Africa
Johannesburg, Airbnb Market Statistics & Data, South Africa
A typical short-term rental listing in Johannesburg is booked for 182 nights a year, with a median occupancy rate of 50% and an average daily rate of ZAR728. In 2023, a typical host income (annual revenue) was ZAR126K. As of 12th September, 2024, there are 1,406 active Airbnb listings.
Average Revenue: ZAR126K/yr
Occupancy Rate
50%
Avg Daily Rate
ZAR728
Budget
No. of Listings
2,433
Medium
YoY Revenue Change
-5.84%
Best Month
December
** Period: 2023 Aug - 2024 July | Last Updated on: 12th September, 2024
Revenue By Month
2023-08 - 2024-07
Low
ZAR10,602
Average
ZAR11,553
High
ZAR13,111
Is Airbnb Profitable in Johannesburg?
Yes, there is good short-term rental demand. A 50% 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 Johannesburg
Short-term rental regulation is lenient in Johannesburg. 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.
We made a guide on things you need to know before starting an Airbnb in South Africa, learn how much it costs to start an Airbnb and if it’s profitable to start an Airbnb.
Average Airbnb Occupancy Rate in Johannesburg
A typical listing recorded a 50% average occupancy rate between 2023-08 - 2024-07. In this graph, you can see the occupancy rate distribution. About 32.95% of the guests are international guests, and visitors from South africa 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: 50%
1,406 Active Listings
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Explore Johannesburg's Airbnb Data ⟶
Best Areas in Johannesburg for Airbnb
Are you wondering where to invest in Johannesburg? Look no further!
- Apartheid Museum
- Nelson Mandela Square
- Gold Reef City
- Constitution Hill
- Johannesburg Zoo
- Soweto
- Montecasino
- Maboneng Precinct
- Johannesburg Botanical Garden
- Walter Sisulu National Botanical Garden
Top demand Airbnb in Johannesburg
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 1,406 listings.
See 1,406 listing Statistics
Professional Short-term rental property managers in Johannesburg
We've compiled a list of host profiles that manage the most Airbnb properties in Johannesburg. The dashboard shows their average occupancy rate, revenue, and year-over-year changes.
Other short-term rental market data in Johannesburg
Here is a breakdown of short-let properties in Johannesburg. 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