Is it profitable to do Airbnb in Sharm El Sheikh, Egypt?
What is the occupancy rate of Airbnb in Sharm El Sheikh, Egypt?
What is the average daily rate of Airbnb in Sharm El Sheikh, Egypt?
Egypt
Sharm El Sheikh, Airbnb Market Statistics & Data, Egypt
A typical short-term rental listing in Sharm El Sheikh is booked for 168 nights a year, with a median occupancy rate of 46% and an average daily rate of EGP2. In 2023, a typical host income (annual revenue) was EGP440. As of 12th September, 2024, there are 498 active Airbnb listings.
Average Revenue: EGP440/yr
Occupancy Rate
46%
Avg Daily Rate
EGP2
Budget
No. of Listings
911
Small
YoY Revenue Change
-12.21%
Best Month
April
** Period: 2023 Aug - 2024 July | Last Updated on: 12th September, 2024
Revenue By Month
2023-08 - 2024-07
Low
EGP29
Average
EGP35
High
EGP41
Is Airbnb Profitable in Sharm El Sheikh?
Yes, there is good short-term rental demand. A 46% 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 Sharm El Sheikh
Short-term rental regulation is lenient in Sharm El Sheikh. 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 Sharm El Sheikh
A typical listing recorded a 46% average occupancy rate between 2023-08 - 2024-07. In this graph, you can see the occupancy rate distribution. About 89.52% of the guests are international guests, and visitors from United states 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: 46%
498 Active Listings
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Explore Sharm El Sheikh's Airbnb Data ⟶
Best Areas in Sharm El Sheikh for Airbnb
Are you wondering where to invest in Sharm El Sheikh? Look no further!
- Naama Bay
- Ras Mohammed National Park
- Shark's Bay
- SOHO Square
- Na'ama Bay Beach
- Tiran Island
- Ras Um Sid
- Nabq Protected Area
- Old Market
- Terrazzina Beach
Top demand Airbnb in Sharm El Sheikh
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 498 listings.
See 498 listing Statistics
Professional Short-term rental property managers in Sharm El Sheikh
We've compiled a list of host profiles that manage the most Airbnb properties in Sharm El Sheikh. The dashboard shows their average occupancy rate, revenue, and year-over-year changes.
Other short-term rental market data in Sharm El Sheikh
Here is a breakdown of short-let properties in Sharm El Sheikh. 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