Is it profitable to do Airbnb in Panglao Island, The Philippines?
What is the occupancy rate of Airbnb in Panglao Island, The Philippines?
What is the average daily rate of Airbnb in Panglao Island, The Philippines?
Philippines / Panglao Island
Panglao Island, Airbnb Market Statistics & Data, The Philippines
A typical short-term rental listing in Panglao Island is booked for 179 nights a year, with a median occupancy rate of 49% and an average daily rate of PHP2,193. In 2023, a typical host income (annual revenue) was PHP395K. As of 12th September, 2024, there are 915 active Airbnb listings.
Average Revenue: PHP395K/yr
Occupancy Rate
49%
Avg Daily Rate
PHP2,193
Budget
No. of Listings
1,344
Medium
YoY Revenue Change
5.8%
Best Month
January
** Period: 2023 Aug - 2024 July | Last Updated on: 12th September, 2024
Revenue By Month
2023-08 - 2024-07
Low
PHP26,477
Average
PHP34,610
High
PHP51,511
Is Airbnb Profitable in Panglao Island?
Yes, there is good short-term rental demand. A 49% 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 Panglao Island
Short-term rental regulation is lenient in Panglao Island. 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 Philippines, learn how much it costs to start an Airbnb and if it’s profitable to start an Airbnb.
Average Airbnb Occupancy Rate in Panglao Island
A typical listing recorded a 49% average occupancy rate between 2023-08 - 2024-07. In this graph, you can see the occupancy rate distribution. About 77.72% of the guests are international guests, and visitors from China 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: 49%
915 Active Listings
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Explore Panglao Island's Airbnb Data ⟶
Best Areas in Panglao Island for Airbnb
Are you wondering where to invest in Panglao Island? Look no further!
Top demand Airbnb in Panglao Island
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 915 listings.
See 915 listing Statistics
Professional Short-term rental property managers in Panglao Island
We've compiled a list of host profiles that manage the most Airbnb properties in Panglao Island. The dashboard shows their average occupancy rate, revenue, and year-over-year changes.
Other short-term rental market data in Panglao Island
Here is a breakdown of short-let properties in Panglao Island. 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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