Demand for Airbnb and short-term rental accommodation in regional areas has boomed in recent years and accelerated sharply in 2020 as Australians swapped international travel for local getaways.
As more travellers turn to renting entire houses and apartments over traditional accommodation options such as motels and hotels for increased space and privacy, this growth in the regional short-term rental market is set to continue with many popular destinations facing a shortage of quality accommodation options.
Average daily rates (ADR) charged for short-term rental accommodation in regional locations have increased consistently on a monthly as well as year-on-year comparable period basis throughout 2020.
The median ADR for regional short-term rentals - properties located in towns with over 50 active listings and excluding capital cities - reached $343 in December 2020, an increase of 27% compared to the same month in 2019.
With overseas travel restrictions likely to continue throughout 2021, the regional accommodation boom is set to roll on as more Australians choose to explore their own backyard as a break from working from home.
Short-term rentals are an ideal solution for many property owners who may also wish to occasionally use their holiday home themselves, but also earn additional income with continuous cleaning and maintenance instead of leaving it vacant.
MadeComfy is Australia's leading short-term rental company and official partner of Airbnb. Get in touch with our team today to find out how many your property could earn with professional management.
