Is it profitable to do Airbnb in North Lanarkshire, The United Kingdom?
What is the occupancy rate of Airbnb in North Lanarkshire, The United Kingdom?
What is the average daily rate of Airbnb in North Lanarkshire, The United Kingdom?
The United Kingdom / North Lanarkshire
North Lanarkshire, Airbnb Market Statistics & Data, The United Kingdom
A typical short-term rental listing in North Lanarkshire is booked for 237 nights a year, with a median occupancy rate of 65% and an average daily rate of £102. In 2023, a typical host income (annual revenue) was £23K. As of 12th September, 2024, there are 266 active Airbnb listings.
Average Revenue: £23K/yr
Occupancy Rate
65%
Avg Daily Rate
£102
Mid Scale
No. of Listings
327
Small
YoY Revenue Change
8.02%
Best Month
August
** Period: 2023 Aug - 2024 July | Last Updated on: 12th September, 2024
Revenue By Month
2023-08 - 2024-07
Low
£1,038
Average
£1,960
High
£2,823
Is Airbnb Profitable in North Lanarkshire?
Yes, there is good short-term rental demand. A 65% 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 North Lanarkshire
Short-term rental regulation is lenient in North Lanarkshire. 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 The United Kingdom, learn how much it costs to start an Airbnb and if it’s profitable to start an Airbnb.
Average Airbnb Occupancy Rate in North Lanarkshire
A typical listing recorded a 65% average occupancy rate between 2023-08 - 2024-07. In this graph, you can see the occupancy rate distribution. About 26.95% of the guests are international guests, and visitors from United kingdom 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: 65%
266 Active Listings
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Explore North Lanarkshire's Airbnb Data ⟶
Best Areas in North Lanarkshire for Airbnb
Are you wondering where to invest in North Lanarkshire? Look no further!
- The Time Capsule Waterpark
- Summerlee - Museum of Scottish Industrial Life
- Drumpellier Country Park
- Strathclyde Country Park
- Fir Park Stadium
- Chatelherault Country Park
- Discover Amazonia
- Alona Hotel
- Colville Park Golf & Country Club
- Motherwell Heritage Centre
Top demand Airbnb in North Lanarkshire
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 266 listings.
See 266 listing Statistics
Professional Short-term rental property managers in North Lanarkshire
We've compiled a list of host profiles that manage the most Airbnb properties in North Lanarkshire. The dashboard shows their average occupancy rate, revenue, and year-over-year changes.
Other short-term rental market data in North Lanarkshire
Here is a breakdown of short-let properties in North Lanarkshire. 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