General occupancy rate to expect?

[johnk0411]

In considering renting, is there an average occupancy rate to help with my calculations? I know it depends on where you live, the time of year, etc. But is there a ballpark percentage?

I live in desirable neighborhood in Asheville, NC. And we’d be turning our basement in to a nice, finished 1 or 2 bedroom apartment, if that helps.

[Astaire]

If you look at similar listings as your in your area, peek into their calendar to check the booked dates for the coming weeks, you can extrapolate that to give a very very very very rough figure.

But better yet, do not have any expectations.

[Maggieroni]

Imho this question is impossible to answer. Maybe see stats for local hotel occupancy? If they exist.

[KKC]

@Astaire

peek into their calendar to check the booked dates

What you see on the calendar is unavailable dates, not booked ones. My calendar has been blocked off most of the summer due to my being on vacation, remodeling and an weekly air guest that I converted to cash one third of the way through their stay.

@johnk0411

average occupancy rate

I agree with others that this isn’t a number that can be given. Also keep in mind that the regulatory environment can change, neighbors can complain, competition can increase, etc.

[Astaire]

@KKC

My calendar has been blocked off most of the summer due to my being on vacation, remodeling and an weekly air guest that I converted to cash one third of the way through their stay.

Yes, these factors resulted in one of the several 'very’s in my disclaimer.

[KKC]

Warning! Don't depend on Airbnb!

I just read this on another thread. A host lost out on 2600 euros because of a last minute cancellation. In reply @sandy2 commented that she lost out on 2 months income due to licensing laws changing in her city. While I am empathetic to those who depend on airbnb income, I “cringe” when I think of the the many disruptions that can occur. This cringing isn’t a condemnation of the person dependent on the income, it’s an “I feel your pain” sort of thing. Here are some of the ways your month…

[Maggieroni]

I found this you can search for more but this should help!

Asheville_STR_2016_updated-FINAL.pdf

[Lee_Goldman]

https://www.everbooked.com/comps will give you good idea of overall yearly occupancy rates I believe you can access without paying. Even the basic paid subscription will give you a ton of data.

[faheem]

@KKC,

@KKC

What you see on the calendar isn’t unavailable dates, not booked ones.

You might mean “is”, not “isn’t”.

[Yana]

They say that if a hotel booked 60% then it’s a well run business.
For me personally 60% would be a disaster. Since it’s my only income . I maximize by doing lots of calculations and analyzing all kind of scenariums. My occupancy is 95%. Also because I dhave longer terms too during not busy season. I did with one day minimum in a beginning and honestly, to have such high occupancy was tiring for me. I set financial goal and my comfort level and went from
There .
Some hosts on this forum are only doing season rent, some only weekends or weekdays. Some only when they are away.