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The Stay Hub | January Financial Update


The team at The Stay Hub is wishing you all a very Happy New Year! Over Christmas and New Year, we worked hard to ensure your guests were well looked after during the holidays and that listings for our newest properties will be up and running as soon as possible. 


As we move further into January, our overall adjusted paid occupancy is now up 18% compared to this time last year. For December, we had a total of 4,764 nights booked - this is up 29% annually, with the average length of stay currently sitting at 4.8 nights. According to AirDNA, one of the world's leading short-term


m rental data platforms, the wider Auckland market's length of stay is sitting at 3 days. 

Looking back at 2023, The Stay Hub's average daily rate (ADR) across our entire portfolio achieved $270 - a 13% increase from 2022. For occupancy, we took in 85.9% with a 7% increase from the previous year. Our one-bedroom properties saw a 16% ADR increase, sitting at $161, while two bedrooms sat at $230 with a 9% increase. Three-bedroom properties achieved $334 for 2023 with an 8% increase and four-bedrooms took in $443. For five or more bedrooms, OUR ADR sat at $648 - up 21% from 2022.




In December, our one-bedroom properties took in an ADR of $154 across our entire portfolio. Two bedrooms sat at $216 and three bedrooms achieved $359. For four-bedroom properties, The Stay Hub saw an ADR of $481. Five or more bedrooms took in $641. Across all property types, our ADR sat at $317 for December.


Peak short-term rental season is not over yet - we still have plenty of months of sunshine ahead of us and an array of events, including Pink's Summer Carnival Tour in early March. If you have not yet booked a FREE appraisal for your property, we now have all hands back on deck. You can request an assessment via our website at www.thestayhub.co.nz. Get in fast to ensure you are up and running before the warmer weather ends. 




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