We have just come to the end of the first month in the second quarter of the year and our overall average daily rate (ADR) and occupancy continues to trend upwards compared to this time last year. The return of international travel and some big name guests to New Zealand has had a fruitful impact on the short-term rental industry and we still have plenty more to look forward to!
In April 2022 we had an ADR of $179, with current figures sitting at $261 for April 2023 — a 43% increase! For the year to date, our ADR is sitting on $308 with a 63% increase from 2022 and an overall adjusted paid occupancy of 98.6% across our entire portfolio — up 21% from this time period last year, where we were sitting on 81.8%.
AVERAGE DAILY RATES FOR THE YEAR TO DATE, 2022 VERSUS 2023
WHAT MAKES A SUCCESSFUL SHORT-TERM RENTAL & AIRBNB?
Each month, our Director Eric Hammond puts his pen to paper and shares expert advice on the short-term rental market in the New Zealand Property Investor. What makes a successful short-term rental is one of The Stay Hub's most frequently asked questions from property owners. Common misconceptions often centre around location being the only determining factor for success, and without property in the central business district, you can't turn a profit. At The Stay hub, we know how far from the truth this is!
Download the winning factors of short-term rentals below to find out how properties in both the CBD and Greater Auckland can excel in the market. If you are looking at making the switch to short-term rentals or adding more properties to your portfolio, you can schedule a call to talk to one of our experts or book a FREE property appraisal to assess what you could earn in the market.
We'd love to give you a free rental appraisal so you can learn what you could earn!
The Stay Hub offers a FREE assessment service for property owners who are interested in finding out how much they can earn in the short-term rental market. Fill in our property assessment form and we will organise a time for one of our experts to assess your property. In most cases, this will be done in person with a visit to your property. We will then put together an appraisal with your property's short-term rental value.
○ Call 0508 STAY HUB (782 9482)
○ Complete our short-term rental appraisal form here
○ Click below to book a 15 minute discovery call at your convenience