Is it profitable to do Airbnb in Sokcho, South Korea?
What is the occupancy rate of Airbnb in Sokcho, South Korea?
What is the average daily rate of Airbnb in Sokcho, South Korea?
South Korea / Sokcho
Sokcho, Airbnb Market Statistics & Data, South Korea
A typical short-term rental listing in Sokcho is booked for 150 nights a year, with a median occupancy rate of 41% and an average daily rate of KRW88,132. In 2023, a typical host income (annual revenue) was KRW13M. As of 12th September, 2024, there are 2,080 active Airbnb listings.
Average Revenue: KRW13M/yr
Occupancy Rate
41%
Avg Daily Rate
KRW88,132
Budget
No. of Listings
2,383
Medium
YoY Revenue Change
-22.92%
Best Month
August
** Period: 2023 Aug - 2024 July | Last Updated on: 12th September, 2024
Revenue By Month
2023-08 - 2024-07
Low
KRW595,989
Average
KRW1,075,058
High
KRW2,057,191
Is Airbnb Profitable in Sokcho?
No, there is good short-term rental demand. A 41% 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 Sokcho
Short-term rental regulation is lenient in Sokcho. 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 South Korea, learn how much it costs to start an Airbnb and if it’s profitable to start an Airbnb.
Average Airbnb Occupancy Rate in Sokcho
A typical listing recorded a 41% average occupancy rate between 2023-08 - 2024-07. In this graph, you can see the occupancy rate distribution. About 22.04% 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.
You can find the distribution graph of daily rate and revenue in our market dashboard.
Occupancy Rate: 41%
2,080 Active Listings
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Explore Sokcho's Airbnb Data ⟶
Best Areas in Sokcho for Airbnb
Are you wondering where to invest in Sokcho? Look no further!
- Seoraksan National Park
- Sokcho Beach
- Naksansa Temple
- Seorak Cable Car
- Daepo Port Fish Market
- Sokcho Jungang Market
- Seorak Waterpia
- Sokcho Tourist & Fishery Market
- Yeongnangho Lake
- Sokcho Expo Tower
Top demand Airbnb in Sokcho
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 2,080 listings.
See 2,080 listing Statistics
Professional Short-term rental property managers in Sokcho
We've compiled a list of host profiles that manage the most Airbnb properties in Sokcho. The dashboard shows their average occupancy rate, revenue, and year-over-year changes.
Other short-term rental market data in Sokcho
Here is a breakdown of short-let properties in Sokcho. 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