Is it profitable to do Airbnb in Otago, New Zealand?
What is the occupancy rate of Airbnb in Otago, New Zealand?
What is the average daily rate of Airbnb in Otago, New Zealand?
New Zealand
Otago, Airbnb Market Statistics & Data, New Zealand
A typical short-term rental listing in Otago is booked for 259 nights a year, with a median occupancy rate of 71% and an average daily rate of NZD297. In 2023, a typical host income (annual revenue) was NZD73K. As of 12th September, 2024, there are 6,635 active Airbnb listings.
Average Revenue: NZD73K/yr
Occupancy Rate
71%
Avg Daily Rate
NZD297
Mid Scale
No. of Listings
8,481
Big
YoY Revenue Change
-0.04%
Best Month
January
** Period: 2023 Aug - 2024 July | Last Updated on: 12th September, 2024
Revenue By Month
2023-08 - 2024-07
Low
NZD3,757
Average
NZD5,904
High
NZD8,041
Is Airbnb Profitable in Otago?
Yes, there is good short-term rental demand. A 71% 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 Otago
Short-term rental regulation is lenient in Otago. 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 New Zealand, learn how much it costs to start an Airbnb and if it’s profitable to start an Airbnb.
Average Airbnb Occupancy Rate in Otago
A typical listing recorded a 71% average occupancy rate between 2023-08 - 2024-07. In this graph, you can see the occupancy rate distribution. About 47.2% of the guests are international guests, and visitors from New zealand 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: 71%
6,635 Active Listings
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Explore Otago's Airbnb Data ⟶
Best Areas in Otago for Airbnb
Are you wondering where to invest in Otago? Look no further!
Top demand Airbnb in Otago
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 6,635 listings.
See 6,635 listing Statistics
Professional Short-term rental property managers in Otago
We've compiled a list of host profiles that manage the most Airbnb properties in Otago. The dashboard shows their average occupancy rate, revenue, and year-over-year changes.
Other short-term rental market data in Otago
Here is a breakdown of short-let properties in Otago. 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.
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