City of Vancouver – Airbnb Property Management
In the beautiful bustling city of Vancouver, British Columbia there is no shortage of stunning scenic beauty and mild climate. Whether they are over for business, vacation or family; guests are always in awe of how breathtaking this city is. However, when it comes to picking out a place to stay there is no doubt that hotels and Airbnbs are the choices you have at hand. As much as hotels may deliver a professional, uninterrupted and strict service, Airbnb’s are homier and carry that more personal vibe. Read on to find out an in depth guide to statistics and data on Airbnb property management in Vancouver, BC.
The Market in Vancouver
The Airbnb market in Vancouver can be quite successful, as there is a high demand for rentals within the region. That is because there is a higher possibility of experiencing the true Vancouver lifestyle through Airbnbs, as compared to hotel stays. Getting a glimpse of how Vancouverites live their life, really adds to your overall visit.
The average daily rate for a one-night stay currently amounts to $141. This can be considered as fairly high but seeing all the amenities the city has to offer, it is quite reasonable.
Airbnb Property Management in Vancouver
Airbnb property management in Vancouver can be quite difficult when there are 7500+ active rentals in the city. The majority of the rentals happen to be “entire homes”. There seems to be an evident demand for such properties since Vancouver can be a pretty family-friendly location. About 73% of the properties are of entire home rentals.
However, there is a demand for private one-room Airbnbs as well since it is not uncommon for busybodies to pay a visit to the city. That can be for work, projects or even for a one-day getaway. 26% of the available active Airbnb rentals are private rooms. Shared rooms are almost nonexistent at a 1% frequency.