Is it profitable to do Airbnb in Orkney Islands, The United Kingdom?
What is the occupancy rate of Airbnb in Orkney Islands, The United Kingdom?
What is the average daily rate of Airbnb in Orkney Islands, The United Kingdom?
The United Kingdom / Orkney Islands
Orkney Islands, Airbnb Market Statistics & Data, The United Kingdom
A typical short-term rental listing in Orkney Islands is booked for 263 nights a year, with a median occupancy rate of 72% and an average daily rate of £112. In 2023, a typical host income (annual revenue) was £28K. As of 12th September, 2024, there are 339 active Airbnb listings.
Average Revenue: £28K/yr
Occupancy Rate
72%
Avg Daily Rate
£112
Mid Scale
No. of Listings
403
Small
YoY Revenue Change
14.25%
Best Month
July
** Period: 2023 Aug - 2024 July | Last Updated on: 12th September, 2024
Revenue By Month
2023-08 - 2024-07
Low
£1,541
Average
£2,391
High
£3,172
Is Airbnb Profitable in Orkney Islands?
Yes, there is good short-term rental demand. A 72% 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 Orkney Islands
Short-term rental regulation is lenient in Orkney Islands. 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 Orkney Islands
A typical listing recorded a 72% average occupancy rate between 2023-08 - 2024-07. In this graph, you can see the occupancy rate distribution. About 28.9% 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: 72%
339 Active Listings
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Explore Orkney Islands's Airbnb Data ⟶
Best Areas in Orkney Islands for Airbnb
Are you wondering where to invest in Orkney Islands? Look no further!
- Skara Brae
- Maeshowe
- Ring of Brodgar
- Italian Chapel
- St Magnus Cathedral
- Orkney Museum
- Scapa Flow
- Highland Park Distillery
- Earl's Palace
- Hoy
Top demand Airbnb in Orkney Islands
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 339 listings.
See 339 listing Statistics
Professional Short-term rental property managers in Orkney Islands
We've compiled a list of host profiles that manage the most Airbnb properties in Orkney Islands. The dashboard shows their average occupancy rate, revenue, and year-over-year changes.
Other short-term rental market data in Orkney Islands
Here is a breakdown of short-let properties in Orkney Islands. 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