Let’s get nerdy! Its the end of the month and a great time to reflect on all our hardworking!
As we approach June 1 move ins, lets take a look at some of our stats for May on Airbnb
Here’s the scoop:
Occupancy rate: 84.6%, market average in Ottawa was 55%
Average nightly rate: Drop -$6 compared to May 2019. Partially due to cancellations of the Ottawa Race weekend and all things COVID
Average Length of Stay: 24.4 days (56 bookings staying over 30 days)
First Page Impression Rate: 50.6% (number of listings that show up on the first page for the guests select check in dates. This is important because if you are on the first page, good chance you will be booked)
Book Lead Time: 5.8 days (this is important because it shows guests are not booking that far in advance anymore, if your listing isn’t booking, stay patient)
Hosts can use these stats to better prepare during these challenging times and to help navigate the market!
