Airbnb Market Analytics, Statistics and Data in Novi Grad Municipality, Federation of Bosnia and Herzegovina, Bosnia & Herzegovina
Last updated: 2025-01-31
Looking to make more money with hosting or rental arbitraging Airbnbs, short-term rentals, vacation rentals in Novi Grad Municipality? AirROI have just the data insights! Over the last twelve months from February 2024 to January 2025, we've uncovered key trends and opportunities that successful hosts are leveraging in Novi Grad Municipality:
How much do Airbnb hosts make on average per month in Novi Grad Municipality?
The short-term rental market in Novi Grad Municipality shows distinct revenue patterns across different property tiers. Our analysis reveals that successful properties combine strategic pricing with quality management to maximize earnings potential. Market data demonstrates clear revenue differentiation among properties:
- Typical properties (median) earn $566 per month
- Strong performing properties (top 25%) make $975 or more
- Best-in-class properties (top 10%) achieve $1,411+ monthly
- Entry-level properties (bottom 25%) typically earn around $221
Revenue Variations by Month
Occupancy Rates Throughout the Year in Novi Grad Municipality
The market in Novi Grad Municipality shows distinct occupancy patterns influenced by seasonal trends and local dynamics. Properties that maintain high guest satisfaction scores and implement strategic pricing consistently achieve stronger occupancy rates. Current market data shows:
- Typical properties (median) maintain 32% occupancy rates
- Strong performing properties (top 25%) achieve 55% or higher
- Best-in-class properties (top 10%) reach 77%+occupancy
- Entry-level properties (bottom 25%) average around 14%
Occupancy Variations by Month
Average Daily Rates Seasonal Trends in Novi Grad Municipality
Daily rates in Novi Grad Municipality vary based on seasonality, property quality, and market dynamics. Properties that effectively balance competitive pricing with strong amenities typically command higher rates. Market analysis shows the following rate structure:
- Typical properties (median) generate $42 per night
- Strong performing properties (top 25%) secure $57 or more
- Best-in-class properties (top 10%) pull in $99+ per night
- Entry-level properties (bottom 25%) earn around $33
Daily Rate Variations by Month
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Seasonality patterns in Novi Grad Municipality
Peak Season (July, June, August)
- Revenue peaks at $1145.00 per month
- Occupancy rates reach 56.67%
- Daily rates average $65.82
Shoulder Season
- Revenue averages $696.72 per month
- Occupancy maintains 36.99%
- Daily rates hold at $59.69
Low Season (November, December, January)
- Revenue drops to $381.43 per month
- Occupancy decreases to 25.90%
- Daily rates adjust to $52.73
Is it still profitable to do Airbnb in Novi Grad Municipality in 2025?
Yes! Novi Grad Municipality demonstrates highly seasonal trends requiring strategic adaptation, featuring a growing occupancy rate of 37% and monthly revenue averaging $697 and With 99 active listings, this emerging market offers significant first-mover advantages. There's also room for profit through rental arbitrage strategies, if you can identify competitively priced properties. To maximize your return on investment, consider employing the following strategies:
Peak Season Strategy
- Implement premium seasonal pricing strategies
- Set longer minimum stay requirements during high-demand periods
- Enforce stricter cancellation policies
Shoulder Season Strategy
- Maintain competitive market-based pricing
- Offer moderate-length stay incentives
- Target a mix of leisure and business travelers with flexible booking terms
- Focus on weekend getaway packages and mid-week business traveler promotions
Low Season Strategy
- Adjust pricing to remain competitive in the market
- Target different guest segments (business travelers, long-term stays, holiday visitors, event attendees, remote workers)
- Create targeted promotional campaigns to drive occupancy
Top Places to Start Airbnb in Novi Grad Municipality
| Area | Why Choose This Area | Key Attractions |
|---|---|---|
| Novi Grad Center | The central area of Novi Grad offers a blend of local culture and modern amenities. It's a vibrant hub for both business and leisure travelers, making it ideal for Airbnb hosting. | City Park, Cultural Center, Local Restaurants, Shopping District, Novi Grad Market |
| Brekovica | This suburb is known for its spacious parks and family-friendly environment. It's perfect for families visiting the city and looking for accommodation away from the hustle and bustle. | Brekovica Park, Local Cafes, Recreational Areas |
| Derviši | A quieter area of Novi Grad, Derviši offers a peaceful escape while still being close to the main attractions. Great for visitors looking to relax after exploring the city. | Quiet Parks, Scenic Nature Spots, Local Artisan Shops |
| Osik | Osik provides a mix of residential charm and natural beauty. It's attractive for eco-conscious travelers and those who enjoy outdoor activities like hiking and biking. | Nature Trails, Local Markets, Riverside Activities |
| Kola | A developing area with new amenities, Kola is catching the eye of young professionals and digital nomads looking for affordable accommodation near urban conveniences. | Modern Cafes, Co-working Spaces, Local Events |
| Kozara | Known for its historical significance and natural surroundings, Kozara attracts history buffs and nature lovers alike, making it a unique location for hosting. | Kozara National Park, Monuments, Outdoor Activities |
| Luka | A residential area with a community feel, Luka is ideal for longer-term stays as it offers a home-like environment close to local services and parks. | Community Parks, Local Businesses |
| Novi Grad Waterfront | The waterfront area is becoming popular due to its scenic views and outdoor activities. Perfect for travelers seeking a mix of relaxation and adventure. | River Walk, Fishing Spots, Picnic Areas |
Do you need a license for Airbnb in Novi Grad Municipality?
We recommend checking directly with Novi Grad Municipality's local government regarding short-term rental licensing requirements. Current market data shows limited licensing information (0% of listings), making it essential to verify current regulations before starting your Airbnb business.
Top Performing Airbnb Properties in Novi Grad Municipality
Vila Durmic
Entire Place • 7 bedrooms
Teddy Bear Apartment
Entire Place • 1 bedroom
Golden House
Entire Place • 6 bedrooms
Lovely Studio Apartment Green
Entire Place • N/A
Loxy Apartman
Entire Place • 1 bedroom
Cozy & authentic in Sarajevo
Entire Place • 3 bedrooms
Top Performing Professional Hosts in Novi Grad Municipality
Additional analytics on vacation rental, real estate, short term rental data in Novi Grad Municipality
AirROI also have other key metrics and comprehensive data for your vacation rental, real estate needs. Go explore the advanced metrics that can help you make informed decisions:
Room Type Distribution
Property Type Distribution
Key Insights
- Market dominated by entire home listings (89.9%), with apartment & condo and house properties comprising 100.0% of inventory
Room Capacity Distribution
Analysis of 99 properties in Novi Grad Municipality shows that 1 bedroom properties are most prevalent, making up 59.6% of the market. The market tends to favor smaller properties, with 1 bedroom and 2 bedrooms together representing 71.7% of all listings.
Key Insights
- Most common: 1 bedroom (59.6%)
- Least common: 4 bedrooms (2%)
- Market concentration: 71.7% in top 2 sizes
- Market skew: Favors smaller properties
Guest Capacity Distribution
Analysis of 99 properties in Novi Grad Municipality reveals that 4 guests properties dominate the market, representing 36.4% of all listings. The average property accommodates 3.5 guests, with a clear trend towards larger guest capacities. Properties accommodating 4 guests and 2 guests make up 58.6% of the market.
Key Insights
- Most common capacity: 4 guests (36.4% of market)
- Least common capacity: 7 guests (2% of market)
- Average guest capacity: 3.5 guests per property
- Market concentration: 58.6% in top 2 capacity sizes
- Market segmentation: Predominantly larger guest capacities
Booking and Availability Patterns
Available Days Distribution
Booked Days Distribution
Among 99 properties in Novi Grad Municipality, the most common availability pattern is 271-366 days (51.5% of properties). For actual bookings, properties most frequently secure bookings for 31-90 days (32.3% of properties).
Key Insights
- Most common availability window: 271-366 days (51.5%)
- Most common booking duration: 31-90 days (32.3%)
- Properties with high availability (180+ days): 77.8%
- Properties with long-term bookings (180+ days): 23.2%
Minimum Stay Distributions
1 Night
43 listings
48.3% of total
2 Nights
19 listings
21.3% of total
3 Nights
14 listings
15.7% of total
4-6 Nights
5 listings
5.6% of total
7-29 Nights
1 listings
1.1% of total
30+ Nights
7 listings
7.9% of total
Key Insights
- Short stays (1-2 nights) dominate the market at 69.6%
- Mid-length stays (4-6 nights) represent 5.6% of listings
- Monthly+ stays (7.9%) suggest a stable extended-stay market
- High market flexibility with 85.3% accepting 3 nights or less
Recommendations
- Set minimum stays between 2-3 nights to align with market standards
- Adjust minimum stays seasonally based on demand patterns
- Consider monthly stay discounts to capture the growing extended-stay market
- Implement different minimum stays for weekends vs. weekdays
Cancellation Policy Distribution
Flexible
45 listings
55.6% of total
Moderate
18 listings
22.2% of total
Firm
8 listings
9.9% of total
Strict
10 listings
12.3% of total
Key Insights
- Flexible is the preferred policy at 55.6% of listings
- Guest-friendly policies (Flexible & Moderate) dominate at 77.8% of the market
- Strong market consensus around Flexible policies
- Firm policies are least common at 9.9% of listings
Recommendations
- Consider starting with a Flexible policy to align with market preferences
- Strong market preference for Flexible policies suggests this should be your baseline
- Consider generous cancellation terms as a competitive advantage
Booking Lead Time Trends
Key Insights
- Peak booking lead times occur in Jul, Aug, Jun, averaging 42 days
- Shortest booking windows are in Apr, Jan, Mar, averaging 25 days
- Summer shows the longest average booking window at 42 days, while Winter has the shortest at 26 days
Recommendations
- Implement dynamic pricing strategies for Summer bookings at least 42 days in advance
- Consider early bird discounts during Winter to encourage longer lead times
- Focus on last-minute booking promotions during Apr-Mar when lead times are shortest
Popular Airbnb Amenities in Novi Grad Municipality
Below is the distribution of amenities across listings in Novi Grad Municipality:
Traveler Demographics
Key Insights
- Domestic travelers make up 0% of total guests, indicating a mostly international-driven market.
- Primary international markets: United States (21.3%) and Germany (20.4%)
- English is the top language at 54.9%, followed by Turkish (15.4%)
- Notable demographic segment in <=1950s (Pre-1950s (Silent Gen)) at 7.5%
Recommendations
- Target marketing campaigns for İstanbul and Sarajevo markets
- Develop localized content for United States and Germany
- Prioritize English and Turkish language support
- Tailor experiences for Pre-1950s (Silent Gen) while maintaining broad age appeal
- Implement seasonal promotions aligned with key market travel patterns
Nearby Markets
Explore short-term rental performance in markets surrounding Novi Grad Municipality. These nearby markets offer diverse opportunities for property investors and hosts:
| Market | Properties | Monthly Revenue | Daily Rate | Occupancy |
|---|---|---|---|---|
| Majkovi | 19 | $2,694 | $331.76 | 43% |
| Lapčići | 10 | $2,679 | $295.12 | 44% |
| Ledenice | 10 | $2,651 | $396.08 | 42% |
| Močići | 29 | $2,404 | $262.00 | 43% |
| Grubine | 28 | $2,373 | $367.59 | 42% |
| Zavrelje | 23 | $2,253 | $436.29 | 55% |
| Zmijavci | 28 | $2,136 | $481.29 | 38% |
| Čilipi | 34 | $2,065 | $223.93 | 49% |
| Popovići | 11 | $1,992 | $267.07 | 43% |
| Dubrovnik | 4,977 | $1,990 | $198.90 | 52% |
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