Is it profitable to do Airbnb in Riga, Latvia?
What is the occupancy rate of Airbnb in Riga, Latvia?
What is the average daily rate of Airbnb in Riga, Latvia?
Latvia / Riga
Riga, Airbnb Market Statistics & Data, Latvia
A typical short-term rental listing in Riga is booked for 234 nights a year, with a median occupancy rate of 64% and an average daily rate of $56. In 2023, a typical host income (annual revenue) was $13K. As of 12th September, 2024, there are 2,362 active Airbnb listings.
Average Revenue: $13K/yr
Occupancy Rate
64%
Avg Daily Rate
$56
Budget
No. of Listings
3,493
Medium
YoY Revenue Change
-6.67%
Best Month
August
** Period: 2023 Aug - 2024 July | Last Updated on: 12th September, 2024
Revenue By Month
2023-08 - 2024-07
Low
$786
Average
$1,097
High
$1,632
Is Airbnb Profitable in Riga?
Yes, there is good short-term rental demand. A 64% 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 Riga
Short-term rental regulation is lenient in Riga. 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.
Average Airbnb Occupancy Rate in Riga
A typical listing recorded a 64% average occupancy rate between 2023-08 - 2024-07. In this graph, you can see the occupancy rate distribution. About 79.47% of the guests are international guests, and visitors from Latvia 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: 64%
2,362 Active Listings
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Explore Riga's Airbnb Data ⟶
Best Areas in Riga for Airbnb
Are you wondering where to invest in Riga? Look no further!
- Old Town
- Art Nouveau District
- Riga Central Market
- Freedom Monument
- Riga Cathedral
- Latvian National Museum of Art
- Museum of the Occupation of Latvia
- Bastejkalns Park
- Jurmala Beach
- Vermanes Garden
Top demand Airbnb in Riga
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 2,362 listings.
See 2,362 listing Statistics
Professional Short-term rental property managers in Riga
We've compiled a list of host profiles that manage the most Airbnb properties in Riga. The dashboard shows their average occupancy rate, revenue, and year-over-year changes.
Other short-term rental market data in Riga
Here is a breakdown of short-let properties in Riga. 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