Is it profitable to do Airbnb in Riyadh, Saudi Arabia?
What is the occupancy rate of Airbnb in Riyadh, Saudi Arabia?
What is the average daily rate of Airbnb in Riyadh, Saudi Arabia?
Saudi Arabia / Riyadh
Riyadh, Airbnb Market Statistics & Data, Saudi Arabia
A typical short-term rental listing in Riyadh is booked for 146 nights a year, with a median occupancy rate of 40% and an average daily rate of SAR343. In 2023, a typical host income (annual revenue) was SAR51K. As of 6th September, 2024, there are 6,336 active Airbnb listings.
Average Revenue: SAR51K/yr
Occupancy Rate
40%
Avg Daily Rate
SAR343
No. of Listings
14,681
Regulation
Lenient
Best Month
November
** Period: 2023 Aug - 2024 July | Last Updated on: 6th September, 2024
Revenue By Month
2023-08 - 2024-07
Low
SAR2,718
Average
SAR3,983
High
SAR5,425
Is Airbnb Profitable in Riyadh?
No, there is good short-term rental demand. A 40% median occupancy rate is considered a good market for Airbnb. The graph below shows the average monthly host income by month.
Average Airbnb Occupancy Rate in Riyadh
A typical listing recorded a 40% average occupancy rate between 2023-08 - 2024-07. In this graph, you can see the occupancy rate distribution.
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.
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