Airbnb Market Analytics, Statistics and Data in Banff, Alberta, Canada
Last updated: 2025-01-31
Looking to make more money with hosting or rental arbitraging Airbnbs, short-term rentals, vacation rentals in Banff? 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 Banff:
How much do Airbnb hosts make on average per month in Banff?
The short-term rental market in Banff 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 $4,757 per month
- Strong performing properties (top 25%) make $7,792 or more
- Best-in-class properties (top 10%) achieve $14,073+ monthly
- Entry-level properties (bottom 25%) typically earn around $2,587
Revenue Variations by Month
Occupancy Rates Throughout the Year in Banff
The market in Banff 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 41% occupancy rates
- Strong performing properties (top 25%) achieve 63% or higher
- Best-in-class properties (top 10%) reach 85%+occupancy
- Entry-level properties (bottom 25%) average around 23%
Occupancy Variations by Month
Average Daily Rates Seasonal Trends in Banff
Daily rates in Banff 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 $293 per night
- Strong performing properties (top 25%) secure $441 or more
- Best-in-class properties (top 10%) pull in $754+ per night
- Entry-level properties (bottom 25%) earn around $204
Daily Rate Variations by Month
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Seasonality patterns in Banff
Peak Season (June, July, August)
- Revenue peaks at $11137.72 per month
- Occupancy rates reach 58.99%
- Daily rates average $513.73
Shoulder Season
- Revenue averages $6615.42 per month
- Occupancy maintains 44.48%
- Daily rates hold at $395.70
Low Season (December, January, November)
- Revenue drops to $3185.03 per month
- Occupancy decreases to 33.10%
- Daily rates adjust to $328.30
Is it still profitable to do Airbnb in Banff in 2025?
Yes! Banff demonstrates highly seasonal trends requiring strategic adaptation, featuring a growing occupancy rate of 44% and strong monthly revenue averaging $6615 and The market's 136 active listings indicate growing demand with plenty of opportunity for new properties. 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 Banff
| Area | Why Choose This Area | Key Attractions |
|---|---|---|
| Town of Banff | The heart of Banff National Park, featuring stunning mountain views and close proximity to shops, restaurants, and attractions. Ideal for tourists looking for a vibrant atmosphere and easy access to outdoor activities. | Banff Avenue, Banff Gondola, Museum of the Rockies, Bow River, Banff Park Museum |
| Lake Louise | One of Canada’s most famous natural sights, known for its turquoise lake and surrounding mountains. Attracts visitors seeking outdoor adventure and breathtaking scenery. | Lake Louise, Moraine Lake, Lake Louise Ski Resort, Plain of Six Glaciers Trail, Teahouse hikes |
| Canmore | A charming town just outside Banff, Canmore offers a quieter experience with a local vibe, beautiful mountain landscapes, and great access to outdoor activities like hiking and biking. | Canmore Nordic Centre, Bow Valley Wildland Provincial Park, Grassi Lakes, Canmore Museum and Geoscience Centre, Artsplace |
| Banff Springs Hotel | An iconic luxury hotel that attracts high-end guests and tourists interested in a premium accommodation experience with historical and architectural significance. | Fairmont Banff Springs, Banff Golf Course, Banff Upper Hot Springs, Surprise Corner viewpoint, Scenic drive on Tunnel Mountain |
| Tunnel Mountain | A popular residential and vacation area offering stunning views of Banff and the surrounding mountains. Great for families and those seeking a quieter stay close to town. | Tunnel Mountain Trails, Tunnel Mountain Village, Sound of Music Trail, Wildlife viewing spots, Overlook view point |
| Johnston Canyon | Famous for its stunning waterfalls and hiking trails, Johnston Canyon attracts nature lovers and adventure seekers year-round, particularly in summer and winter. | Johnston Canyon Falls, Upper Falls, Lower Falls, Ice Walks in Winter, Wildlife Observation |
| Bow Valley Parkway | A scenic route through the Rockies, this area offers breathtaking views and access to many outdoor activities, appealing to tourists who prefer exploration and nature. | Castle Junction, Moraine Lake road, Wildlife spotting opportunities, Natural Hot Springs, Picnic areas |
| Silverton Falls | An off-the-beaten-path location known for its stunning waterfalls and serene landscape. Perfect for those seeking secluded beauty and outdoor adventures. | Silverton Falls Trail, Hiking opportunities, Photography spots, Nature walks, Relaxation by the waterfall |
Do you need a license for Airbnb in Banff?
We recommend checking directly with Banff'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 Banff
Rocky Mountain Retreat- Enormous House Sleeps 23
Entire Place • 10 bedrooms
Cozy character home in downtown Banff
Entire Place • 6 bedrooms
Banff Mountain Home- The Real Rockies Experience
Entire Place • 4 bedrooms
Banff House Rental by the Bow river - Abegweit
Entire Place • 4 bedrooms
Luxury Banff Home - Hot Tub
Entire Place • 3 bedrooms
Beautiful Chalet with Unbeatable Location in Banff
Entire Place • 4 bedrooms
Top Performing Professional Hosts in Banff
| Host Name | Properties | Grossing Revenue | Stay Reviews | Avg Rating |
|---|---|---|---|---|
| Michael | 48 | $2,672,454 | 3929 | 4.45/5.0 |
| Basecamp Suites | 6 | $804,984 | 109 | 4.74/5.0 |
| Chris | 8 | $802,345 | 302 | 4.60/5.0 |
| Banff Mountain Home | 4 | $708,637 | 216 | 3.48/5.0 |
| Katrin | 11 | $697,091 | 2042 | 4.78/5.0 |
| Leavetown Vacations | 19 | $603,304 | 330 | 3.40/5.0 |
| The Black Bear Chalet | 2 | $389,822 | 73 | 4.96/5.0 |
| Alana | 1 | $298,798 | 39 | 4.97/5.0 |
| Maura | 1 | $243,316 | 238 | 4.93/5.0 |
| Jackie | 1 | $228,681 | 55 | 4.98/5.0 |
Additional analytics on vacation rental, real estate, short term rental data in Banff
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 (72.1%), with apartment & condo and boutique & hotels properties comprising 66.9% of inventory
- Strong specialty sector (38.9%) combining boutique hotels, unique stays, and outdoor accommodations indicates market maturity and premium opportunities
Room Capacity Distribution
Analysis of 136 properties in Banff shows that 1 bedroom properties are most prevalent, making up 54.4% of the market. The market tends to favor smaller properties, with 1 bedroom and 2 bedrooms together representing 74.3% of all listings.
Key Insights
- Most common: 1 bedroom (54.4%)
- Least common: 5+ bedrooms (2.2%)
- Market concentration: 74.3% in top 2 sizes
- Market skew: Favors smaller properties
Guest Capacity Distribution
Analysis of 136 properties in Banff reveals that 4 guests properties dominate the market, representing 38.2% of all listings. The average property accommodates 4.3 guests, with a clear trend towards larger guest capacities. Properties accommodating 4 guests and 2 guests make up 55.9% of the market.
Key Insights
- Most common capacity: 4 guests (38.2% of market)
- Least common capacity: 7 guests (0.7% of market)
- Average guest capacity: 4.3 guests per property
- Market concentration: 55.9% in top 2 capacity sizes
- Market segmentation: Predominantly larger guest capacities
Booking and Availability Patterns
Available Days Distribution
Booked Days Distribution
Among 136 properties in Banff, the most common availability pattern is 181-270 days (34.6% of properties). For actual bookings, properties most frequently secure bookings for 91-180 days (35.3% of properties).
Key Insights
- Most common availability window: 181-270 days (34.6%)
- Most common booking duration: 91-180 days (35.3%)
- Properties with high availability (180+ days): 64.7%
- Properties with long-term bookings (180+ days): 36.0%
Minimum Stay Distributions
1 Night
58 listings
43.9% of total
2 Nights
24 listings
18.2% of total
3 Nights
8 listings
6.1% of total
4-6 Nights
7 listings
5.3% of total
7-29 Nights
1 listings
0.8% of total
30+ Nights
34 listings
25.8% of total
Key Insights
- Short stays (1-2 nights) dominate the market at 62.1%
- Mid-length stays (4-6 nights) represent 5.3% of listings
- Monthly+ stays (25.8%) suggest a stable extended-stay market
- High market flexibility with 68.2% 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
Super Strict 30 Days
1 listings
0.8% of total
Super Strict 60 Days
3 listings
2.4% of total
Flexible
8 listings
6.3% of total
Moderate
71 listings
55.9% of total
Firm
11 listings
8.7% of total
Strict
33 listings
26% of total
Key Insights
- Moderate is the preferred policy at 55.9% of listings
- Guest-friendly policies (Flexible & Moderate) dominate at 62.2% of the market
- Strong market consensus around Moderate policies
- Super Strict 30 Days policies are least common at 0.8% of listings
Recommendations
- Consider starting with a Moderate policy to align with market preferences
- Strong market preference for Moderate 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, Jun, May, averaging 97 days
- Shortest booking windows are in Oct, Feb, Nov, averaging 54 days
- Summer shows the longest average booking window at 94 days, while Winter has the shortest at 57 days
Recommendations
- Implement dynamic pricing strategies for Summer bookings at least 94 days in advance
- Consider early bird discounts during Winter to encourage longer lead times
- Focus on last-minute booking promotions during Oct-Nov when lead times are shortest
Popular Airbnb Amenities in Banff
Below is the distribution of amenities across listings in Banff:
Traveler Demographics
Key Insights
- Domestic travelers make up 29.8% of total guests, indicating a moderate local market presence.
- Primary international markets: Canada (31.9%) and United Kingdom (6.8%)
- English is the top language at 76.1%, followed by Spanish (9.3%)
- Notable demographic segment in <=1950s (Pre-1950s (Silent Gen)) at 5.2%
Recommendations
- Target marketing campaigns for Calgary and Toronto markets
- Develop localized content for Canada and United Kingdom
- Prioritize English and Spanish 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 Banff. These nearby markets offer diverse opportunities for property investors and hosts:
| Market | Properties | Monthly Revenue | Daily Rate | Occupancy |
|---|---|---|---|---|
| Lake Louise | 17 | $6,975 | $462.52 | 43% |
| Canmore | 1,622 | $5,687 | $305.41 | 60% |
| Harvie Heights | 152 | $4,825 | $252.21 | 64% |
| CottageClub Ghost Lake | 11 | $4,309 | $376.68 | 43% |
| Nordegg | 35 | $4,153 | $252.06 | 50% |
| Dead Man's Flats | 127 | $3,943 | $306.82 | 55% |
| Area A (Kicking Horse/Kinbasket Lake) | 458 | $3,457 | $244.94 | 52% |
| Bragg Creek | 48 | $3,320 | $203.77 | 60% |
| Foothills County | 10 | $3,251 | $218.74 | 48% |
| Area F (Columbia Lake/Windermere Lake) | 417 | $2,636 | $229.37 | 44% |
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