Is it profitable to do Airbnb in Thunder bay, Canada?
What is the occupancy rate of Airbnb in Thunder bay, Canada?
What is the average daily rate of Airbnb in Thunder bay, Canada?
Airbnb Revenue in Thunder bay, Canada: 2025 Short-Term Rental Data & Insights
Average Airbnb Revenue in Thunder bay
A typical short-term rental in Thunder bay is booked for 248 nights per year, generating a medium Airbnb occupancy rate of 68% and an average daily rate (ADR) of CA$138 ($101). In June, 2024 - May, 2025, the average annual short-term rental revenue in Thunder bay was CA$34K ($25K). As of 4th July, 2025, there are 482 active Airbnb listings in Thunder bay.
Thunder bay Airbnb Income Data Summary
Thunder bay Average Monthly Revenue
CA$2,868 ($2,094)
Thunder bay YoY Revenue Change
14.49%
Thunder bay Average Airbnb Occupancy Rate
68%
Thunder bay Average Daily Rate
CA$138 ($101)
Mid Scale
Thunder bay Number of Listings
610
Small
Airbnb Seasonality in Thunder bay
Strong
Most Profitable Month for Airbnb in Thunder bay
May
** Period: June, 2024 - May, 2025 | Last Updated on: 4th July, 2025
Thunder bay Airbnb Revenue by Month
June, 2024 - May, 2025
Low
CA$2,253
Average
CA$2,909
High
CA$3,770
Is Airbnb Profitable in Thunder bay, Canada?
Yes, starting an Airbnb business in Thunder bay can be very profitable as there is strong short-term rental demand. An average vacation rental revenue of CA$34,440 ($25,139) and a median occupancy rate of 68% are considered good in the hospitality space. With 610 active listings, the Thunder bay Airbnb market is strong but not oversaturated.
Tip: Investing in a short-term rental can be both stable and highly profitable.
Stability: Vacation rentals in a market like Thunder bay are a stable investment strategy because they combine investing in real estate and in hospitality. While many potential investors worry about increasingly stricter Airbnb laws, if you can no longer rent out your property on Airbnb, you can convert it into a long-term rental and lease it to tenants on a monthly basis. Monthly rentals yield less, but they are less heavily regulated and even more stable than short-term rentals.
Profitability: Buying an Airbnb property in a city like Thunder bay is highly profitable because the monthly cash flow from a short-term rental investment is typically double the rental rate of traditional rentals.
As a Thunder bay Airbnb host, you can boost the performance of your short-term rental by choosing the optimal property type and the right property size and furnishing your listing with the most demanded amenities in the area.
Demand by Amenities
Average Airbnb Occupancy Rate in Thunder bay
You can find the distribution graph of daily rate and revenue in our market dashboard. A typical Thunder bay listing recorded a 68% average short-term rental occupancy between June, 2024 - May, 2025. The Thunder bay vacation rental market has Strong seasonality, with May and August being the busiest months for Airbnb hosts.
About 19.09% of Thunder bay Airbnb guests are international guests, and visitors from Canada constitute the largest group. Learn more about guest origin to inform your vacation rental marketing strategy.
On the graph below, you can see the occupancy rate distribution per number of listings.
To view the distribution of average daily rates and annual revenue, refer to our Thunder bay market dashboard.
About 19.09% of Thunder bay Airbnb guests are international guests, and visitors from Canada constitute the largest group. Learn more about guest origin to inform your vacation rental marketing strategy.
On the graph below, you can see the occupancy rate distribution per number of listings.
To view the distribution of average daily rates and annual revenue, refer to our Thunder bay market dashboard.
Occupancy Rate: 68%
482 Active Listings
Starting an Airbnb in Thunder bay: Short-Term Rental Regulations
Before launching an Airbnb in Thunder bay, it's important to understand the local short-term rental rules and regulations. While Airbnb, Vrbo, and similar listing platforms are widely used in Thunder bay, the legal landscape can be complex, especially for a beginner host.
In general, Thunder bay Airbnb regulations are lenient at the city level, but zoning regulations might apply to some parts of the market. Hosts might be required to register their short-term rentals with local authorities, and there might be limitations on the number of licenses that a single host can hold. You also need to pay applicable Airbnb taxes to make your Thunder bay vacation rental business legally compliant.
In general, Thunder bay Airbnb regulations are lenient at the city level, but zoning regulations might apply to some parts of the market. Hosts might be required to register their short-term rentals with local authorities, and there might be limitations on the number of licenses that a single host can hold. You also need to pay applicable Airbnb taxes to make your Thunder bay vacation rental business legally compliant.
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Explore Thunder bay's Airbnb Data ⟶
Most Popular Airbnbs in Thunder bay
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 482 listings.
See Airbnb Statistics on All 482 Listings
Professional Airbnb Property Managers in Thunder bay
You can turn your Thunder bay Airbnb investment into a source of passive income and navigate the short-term rental regulatory framework easily by hiring one of the best Airbnb property management companies in the area.
To help you get started, we’ve compiled a list of the professional short-term rental property managers in Thunder bay with the most Airbnb properties.
To help you get started, we’ve compiled a list of the professional short-term rental property managers in Thunder bay with the most Airbnb properties.
Find out the top Airbnb management company in Thunder bay, Canada for your needs.
Other short-term rental market data in Thunder bay
Here is a breakdown of short-let properties in Thunder bay. 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.
Thunder bay Airbnb Listings by Property Size
Thunder bay Airbnb Listings by Property Type
Thunder bay Airbnb Listings by Cancelation Policy Type
Thunder bay Vacation Rentals by Channel
Estimate Your Potential Earnings in Thunder bay with the Airbtics Airbnb Calculator
Ready to start looking for the most profitable Airbnb investment opportunities in Thunder bay?
Use our Airbnb income calculator to instantly get an accurate estimate of the earning potential of any neighborhood and area.
Use our Airbnb income calculator to instantly get an accurate estimate of the earning potential of any neighborhood and area.
Thunder bay Airbnb FAQs
How Much Can You Make on Airbnb in Thunder bay, Canada?
The average Thunder bay Airbnb host was able to make CA$34K ($25K) in June, 2024 - May, 2025. Your actual vacation rental revenue can vary depending on your listing's location, type, size, amenities, target guest persona, property management style, marketing strategy, and other factors. Check out our detailed Thunder bay Airbnb data to see how different factors affect revenue and estimate your potential income.
How Profitable Is Airbnb in Thunder bay?
With an ADR of CA$138 ($101) and a median occupancy rate of 68%, short-term rentals in Thunder bay can be very profitable. However, exactly how much money you can make from Airbnb in Thunder bay is determined by multiple factors. Remember that profitable Airbnb investments start with the best location. Buy an Airbnb property in one of the most profitable locations in Thunder bay.
What Is the ROI on Airbnb in Thunder bay?
The return on investment (ROI) on Airbnb properties in Thunder bay depends on factors like the purchase price, rental income, and operating costs. While the exact ROI varies by property, you can get an estimate by using key metrics such as annual rental income, daily rates, and occupancy.In Thunder bay, the annual Airbnb revenue is CA$34K ($25K). To estimate your ROI, compare this income against your property's purchase price and operating expenses. Our Airbnb calculator can help you run the numbers based on your investment and strategy.
What Is the Average Occupancy Rate for Airbnb in Thunder bay?
The median Airbnb occupancy rate in Thunder bay was 68% in June, 2024 - May, 2025. However, your actual occupancy depends on many factors, such as your property type, number of bedrooms, pricing strategy, and marketing efforts.
How Many Airbnbs Are There in Thunder bay?
As of March 2025, there are 482 active listings on the Airbnb platform in Thunder bay.