orlando airbnb occupancy rate
Key Takeaways
- Orlando Airbnb occupancy rate fluctuates as events happen. The challenge for Airbnb hosts is the strategic pricing of their short-term rental units during peak season. The good news is Airbnb historical data can guide them to maximize their profits during peak seasons.
Introduction
Orlando, Florida is a world-famous destination for its theme parks, beautiful weather, and countless attractions. As an Airbnb host in this exciting city, it’s important to stay informed about the top Orlando Florida events to help you stand out in its highly competitive short-term rental market.
In this blog post, we’ll highlight some of the top events in Orlando you should know to up your Airbnb pricing strategy. So whether you’re a new host or a seasoned pro, read on to discover how you can make the most of the many events that this vibrant city has to offer.
Is Orlando a good city for Airbnb?
Definitely yes! Airbnb hosts who operate a 2-bedroom property earn an average of $43,072 in annual revenue from the 72% occupancy rate. The average booking lead time in Orlando is 44 days, so you are ensured that your property will be booked more than one and a half months in advance. The average nightly rate for the said property size is $144.
We get it – the numbers are enticing. Interested to be an Airbnb host in the city? Make sure to know the airbnb rules in Orlando. But if capital hinders you to be a host, there’s rental arbitrage – an affordable and completely legal way to start an Airbnb. And lastly, If you plan to expand your rental market portfolio in the city, check out the profitable locations for Airbnb in Orlando.
Top Orlando Events Every Airbnb Host Should Know
All Airbnb hosts in Orlando definitely know the following events. But strategic pricing during Orlando’s peak season is what they may be missing out on. The good news is historical data can help hosts guide them to maximize their profits during peak seasons.
Below are some of the top events in Orlando and how much Airbnb hosts cashed in during these peak seasons, as confirmed by Airbtics’ Granular Data Feature.
1. Orlando Fringe
- Attendees: 48,000
- Where: Loch Haven Park
- When: June 3 – 17, 2022
- Booking Lead Time: 21 days
- Occupancy Rate: 30%
- Average Nightly Rate: $145.5
2. Fiesta in the Park
- Attendees: 150,000
- Where: Downtown Orlando
- When: April 1 & 2, 2022
- Booking Lead Time: 57 days
- Occupancy Rate: 14.9%
- Average Nightly Rate: $218.5
3. Orlando Film Festival
- Attendees: 12,000
- Where: Downtown Orlando
- When: July 9-15, 2022
- Booking Lead Time: 45 days
- Occupancy Rate: 10%
- Average Nightly Rate: $185
4. Megacon Orlando
- Attendees: 140,000
- Where: International Drive Area
- When: May 19 – 22, 2022
- Booking Lead Time: 40 days
- Occupancy Rate: 18.2%
- Average Nightly Rate: $279
5. Central Florida Fair
- Attendees: 200,000
- Where: West Colonial Drive Area
- When: March 3-13, 2022
- Booking Lead Time: 14 days
- Occupancy Rate: 35%
- Average Nightly Rate: $104
Conclusion
While it’s tempting to raise your prices significantly during high Orlando vacation rental occupancy rate periods, it’s important to keep in mind this dilemma. Overpricing your listing can lead to missed booking opportunities. On the other hand, pricing too low may mean missing out on potential profits during high-demand periods.
The key is to strike a balance that is fair to both you and your guests. By doing some research and analyzing the market demand on a granular level, you can price your Airbnb listing competitively and attract guests while also ensuring a reasonable profit margin.
Are you pricing your STR unit right? Then see for yourself using this accurate and accessible Airbnb Profit Calculator.
Bird’s-Eye View then Dive into the Granular Data of Orlando Airbnb Market!
