Is it profitable to do Airbnb in Nanaimo, Canada?
What is the occupancy rate of Airbnb in Nanaimo, Canada?
What is the average daily rate of Airbnb in Nanaimo, Canada?
Canada / Nanaimo
Nanaimo, Airbnb Market Statistics & Data, Canada
A typical short-term rental listing in Nanaimo is booked for 241 nights a year, with a median occupancy rate of 66% and an average daily rate of CA$121. In 2023, a typical host income (annual revenue) was CA$28K. As of 12th September, 2024, there are 518 active Airbnb listings.
Average Revenue: CA$28K/yr
Occupancy Rate
66%
Avg Daily Rate
CA$121
Budget
No. of Listings
661
Small
YoY Revenue Change
5.69%
Best Month
August
** Period: 2023 Aug - 2024 July | Last Updated on: 12th September, 2024
Revenue By Month
2023-08 - 2024-07
Low
CA$1,775
Average
CA$2,416
High
CA$3,370
Is Airbnb Profitable in Nanaimo?
Yes, there is good short-term rental demand. A 66% 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 Nanaimo
Short-term rental regulation is lenient in Nanaimo. 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 Canada, learn how much it costs to start an Airbnb and if it’s profitable to start an Airbnb.
Average Airbnb Occupancy Rate in Nanaimo
A typical listing recorded a 66% average occupancy rate between 2023-08 - 2024-07. In this graph, you can see the occupancy rate distribution. About 18.53% of the guests are international guests, and visitors from Canada 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: 66%
518 Active Listings
Signup and check out more in-depth vacation rental data for free.
Explore Nanaimo's Airbnb Data ⟶
Best Areas in Nanaimo for Airbnb
Are you wondering where to invest in Nanaimo? Look no further!
Top demand Airbnb in Nanaimo
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 518 listings.
See 518 listing Statistics
Other short-term rental market data in Nanaimo
Here is a breakdown of short-let properties in Nanaimo. 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