Is it profitable to do Airbnb in Seoul, South Korea?

What is the occupancy rate of Airbnb in Seoul, South Korea?

What is the average daily rate of Airbnb in Seoul, South Korea?

South Korea / Seoul

Seoul, Airbnb Market Statistics & Data, South Korea

A typical short-term rental listing in Seoul is booked for 296 nights a year, with a median occupancy rate of 81% and an average daily rate of KRW84,001. In 2023, a typical host income (annual revenue) was KRW23M. As of 12th September, 2024, there are 20,311 active Airbnb listings.

Average Revenue: KRW23M/yr
Occupancy Rate
81%
Avg Daily Rate
KRW84,001
Budget
No. of Listings
28,940
Big
YoY Revenue Change
2.13%
Best Month
October
Regulation
Lenient
Learn More >
** Period: 2023 Aug - 2024 July | Last Updated on: 12th September, 2024
Revenue By Month
2023-08 - 2024-07
Low
KRW1,386,020
Average
KRW2,014,682
High
KRW2,358,965



Is Airbnb Profitable in Seoul?

Yes, there is good short-term rental demand. A 81% 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 Seoul

Short-term rental regulation is lenient in Seoul. 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 Seoul
A typical listing recorded a 81% average occupancy rate between 2023-08 - 2024-07. In this graph, you can see the occupancy rate distribution. About 33.12% of the guests are international guests, and visitors from South korea is the largest group. Learn more about guest origin!.

You can find the distribution graph of daily rate and revenue in our market dashboard.
Occupancy Rate: 81%
20,311 Active Listings
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Explore Seoul's Airbnb Data
market map image
Best Areas in Seoul for Airbnb
Are you wondering where to invest in Seoul? Look no further!
  1. Gyeongbokgung Palace
  2. Myeongdong Shopping Street
  3. Dongdaemun Design Plaza
  4. Bukchon Hanok Village
  5. N Seoul Tower
  6. Insadong
  7. Lotte World Tower & Mall
  8. Hongdae (Hongik University Street)
  9. Changdeokgung Palace
  10. Namdaemun Market
Top demand Airbnb in Seoul
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 20,311 listings.
listing_image
Private room & 1 Bed
⭐5.0 (35)
오류역1호선,천왕역7호선/여자만가능/고양이와 함께하는 숙소/지하철/safe&quiet
$12,345
Revenue Potential
234
Days Available
$121,345
Revenue
74%
Occupancy Rate
KRW33,049
Daily Rate
View Listing
listing_image
Entire home & Studio Bed
⭐5.0 (52)
#오후2시체크아웃 #2PC #아지트 #음식&휴식&힐링 #이벤트 [투컴하우스>]
$12,345
Revenue Potential
234
Days Available
$121,345
Revenue
74%
Occupancy Rate
KRW53,705
Daily Rate
View Listing
listing_image
Entire home & 2 Bed
⭐5.0 (70)
[Staylight]청결/무료주차/고척돔/Netflex/가족친구모임
$12,345
Revenue Potential
234
Days Available
$121,345
Revenue
74%
Occupancy Rate
KRW81,247
Daily Rate
View Listing
listing_image
Entire home & 2 Bed
⭐5.0 (45)
#Gaebong Station 7 mins #Gocheok Sky Dome #Netflix
$12,345
Revenue Potential
234
Days Available
$121,345
Revenue
74%
Occupancy Rate
KRW66,099
Daily Rate
View Listing
listing_image
Entire home & 1 Bed
⭐5.0 (12)
작지만 있을것 다 있는 컴팩트 복층침실
$12,345
Revenue Potential
234
Days Available
$121,345
Revenue
74%
Occupancy Rate
KRW66,099
Daily Rate
View Listing
listing_image
Entire home & 1 Bed
⭐5.0 (28)
고척돔 영희네
$12,345
Revenue Potential
234
Days Available
$121,345
Revenue
74%
Occupancy Rate
KRW64,722
Daily Rate
View Listing
See 20,311 listing Statistics
Professional Short-term rental property managers in Seoul
We've compiled a list of host profiles that manage the most Airbnb properties in Seoul. The dashboard shows their average occupancy rate, revenue, and year-over-year changes.
NameListingsRatingRevenue
LeCollective1043.6$1,23,234
Le Collective1074.4$1,23,234
버틀러324.8$1,23,234
어반스테이 명동724.8$1,23,234
Urbanstay544.8$1,23,234
Other short-term rental market data in Seoul
Here is a breakdown of short-let properties in Seoul. 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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Amenities
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