Is it profitable to do Airbnb in Santiago de Compostela, Spain?
What is the occupancy rate of Airbnb in Santiago de Compostela, Spain?
What is the average daily rate of Airbnb in Santiago de Compostela, Spain?
Spain / Santiago de Compostela
Santiago de Compostela, Airbnb Market Statistics & Data, Spain
A typical short-term rental listing in Santiago de Compostela is booked for 248 nights a year, with a median occupancy rate of 68% and an average daily rate of €93. In 2023, a typical host income (annual revenue) was €23K. As of 12th September, 2024, there are 626 active Airbnb listings.
Average Revenue: €23K/yr
Occupancy Rate
68%
Avg Daily Rate
€93
Mid Scale
No. of Listings
938
Small
YoY Revenue Change
4.36%
Best Month
August
** Period: 2023 Aug - 2024 July | Last Updated on: 12th September, 2024
Revenue By Month
2023-08 - 2024-07
Low
€1,084
Average
€1,913
High
€3,063
Is Airbnb Profitable in Santiago de Compostela?
Yes, there is good short-term rental demand. A 68% 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 Santiago de Compostela
Short-term rental regulation is lenient in Santiago de Compostela. 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 Spain, learn how much it costs to start an Airbnb and if it’s profitable to start an Airbnb.
Average Airbnb Occupancy Rate in Santiago de Compostela
A typical listing recorded a 68% average occupancy rate between 2023-08 - 2024-07. In this graph, you can see the occupancy rate distribution. About 54.68% of the guests are international guests, and visitors from Spain 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: 68%
626 Active Listings
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Explore Santiago de Compostela's Airbnb Data ⟶
Best Areas in Santiago de Compostela for Airbnb
Are you wondering where to invest in Santiago de Compostela? Look no further!
- Santiago de Compostela Cathedral
- Plaza del Obradoiro
- Old Town (Casco Antiguo)
- Parque de la Alameda
- Monastery of San Martín Pinario
- Mercado de Abastos
- Praza da Quintana
- Casa do Cabildo
- Parque de Belvís
- Galician Center of Contemporary Art (CGAC)
Top demand Airbnb in Santiago de Compostela
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 626 listings.
See 626 listing Statistics
Professional Short-term rental property managers in Santiago de Compostela
We've compiled a list of host profiles that manage the most Airbnb properties in Santiago de Compostela. The dashboard shows their average occupancy rate, revenue, and year-over-year changes.
Other short-term rental market data in Santiago de Compostela
Here is a breakdown of short-let properties in Santiago de Compostela. 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