In short, no! There isn't a one-size-fits-all number of bedrooms that will guarantee Airbnb's success. However, understanding what works best for your specific location is crucial, as this can directly impact your potential earnings.
AirDNA, a leading provider of Airbnb data, has analysed millions of listings worldwide to uncover key trends in how bedroom count affects performance across various markets. The results highlight how crucial it is to align your property’s setup with the demands of your local area.
Determining the Best Number of Bedrooms for Your Airbnb
Generally, one- to two-bedroom properties tend to strike the right balance between high occupancy rates and profitability. These types of listings appeal to solo travellers, couples, or small groups. But don’t overlook larger properties! They often command higher nightly rates and cater to different types of guests, such as families or larger groups.
The key to success is striking the right balance between market trends, location, and understanding the needs of your target guests. These factors significantly impact your property’s profitability and overall occupancy rates.
What Counts as a Bedroom for Airbnb?
When listing a bedroom on Airbnb, it must meet a few basic requirements:
- It should be a private room with a door.
- It must have access to a private or shared bathroom.
- There should also be access to at least one common space, such as a living room or kitchen.
More Bedrooms, More Money?
There’s a strong correlation between the number of bedrooms and the average daily rate (ADR) for Airbnb listings. Listings with private and shared rooms are typically the most affordable options for guests. However, as the number of bedrooms increases, so does the ADR, with larger properties commanding a premium price. But keep in mind, while larger homes can charge more, they may not always be the best option in every market.
Guest Demographics
Understanding who your guests are is a game changer. Are you catering to solo adventurers, couples looking for a romantic getaway, or large family reunions?
Solo travellers and couples tend to prefer smaller, cosier properties with one or two bedrooms, while families and large groups are looking for homes with three or more bedrooms. Matching your property’s layout with your area's most common guest profiles will boost your occupancy rates.
Local Attractions and Market Demand
Take a look at what's attracting people to your area. Is it a bustling city centre drawing in business travellers or a quiet beach destination perfect for vacationing families? The demand for smaller, more efficient spaces tends to be higher in urban areas, while vacation destinations often benefit from larger homes that can accommodate groups.
Type of Property
The type of property you own also plays a significant role in determining the best number of bedrooms for an Airbnb listing. Houses generally offer more flexibility in terms of space and layout, making them ideal for larger groups. On the other hand, apartments and townhomes might be more suited for solo travellers or couples due to their typically smaller size.
In conclusion, there’s no magic number when it comes to the best number of bedrooms for an Airbnb. But by researching local market trends, knowing your target guests, and understanding your property’s potential, you’ll be well-equipped to make the right decision for your Airbnb's success.
If you would like to discuss your home and possibly turn it into an Airbnb, contact The Stay Hub and see how we can work with you. Call us on 0508 7782 9482 or email sales@thestayhub.co.nz.
Comments