Airbnb Market Analytics, Statistics and Data in Cavendish, Prince Edward Island, Canada
Last updated: 2025-01-31
Looking to make more money with hosting or rental arbitraging Airbnbs, short-term rentals, vacation rentals in Cavendish? 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 Cavendish:
How much do Airbnb hosts make on average per month in Cavendish?
The short-term rental market in Cavendish 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 $2,541 per month
- Strong performing properties (top 25%) make $3,952 or more
- Best-in-class properties (top 10%) achieve $5,725+ monthly
- Entry-level properties (bottom 25%) typically earn around $1,566
Revenue Variations by Month
Occupancy Rates Throughout the Year in Cavendish
The market in Cavendish 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 42% occupancy rates
- Strong performing properties (top 25%) achieve 57% or higher
- Best-in-class properties (top 10%) reach 71%+occupancy
- Entry-level properties (bottom 25%) average around 22%
Occupancy Variations by Month
Average Daily Rates Seasonal Trends in Cavendish
Daily rates in Cavendish 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 $175 per night
- Strong performing properties (top 25%) secure $220 or more
- Best-in-class properties (top 10%) pull in $274+ per night
- Entry-level properties (bottom 25%) earn around $123
Daily Rate Variations by Month
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Seasonality patterns in Cavendish
Peak Season (January, August, April)
- Revenue peaks at $5546.00 per month
- Occupancy rates reach 61.93%
- Daily rates average $222.01
Shoulder Season
- Revenue averages $2974.95 per month
- Occupancy maintains 38.29%
- Daily rates hold at $180.31
Low Season (March, September, February)
- Revenue drops to $1402.00 per month
- Occupancy decreases to 0.00%
- Daily rates adjust to $144.17
Is it still profitable to do Airbnb in Cavendish in 2025?
Yes! Cavendish demonstrates highly seasonal trends requiring strategic adaptation, featuring a growing occupancy rate of 38% and strong monthly revenue averaging $2975 and The market's 111 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 Cavendish
| Area | Why Choose This Area | Key Attractions |
|---|---|---|
| Cavendish Beach | Cavendish Beach is the most famous beach in Prince Edward Island, known for its stunning red sand and scenic beauty. It's a top destination for families and beachgoers looking for a perfect summer vacation spot. | Green Gables House, Cavendish Beach National Park, Avonlea Village, Shining Waters Family Fun Park, Sandspit Amusement Park |
| North Rustico | This charming fishing village offers a wonderful coastal experience with fresh seafood restaurants and beautiful views. It's great for visitors looking to enjoy local culture and nature. | North Rustico Harbour, Sea Shack restaurant, Cavendish and North Rustico coastal trail, North Rustico Beach, Lobster dinner cruises |
| Prior's Cabin | A quiet, scenic area ideal for nature lovers. It's surrounded by beautiful landscapes and offers a peaceful retreat for guests seeking solitude and relaxation. | Cavendish National Park, Emerald Isle Golf Club, Island Hill Farm, Cavendish Farms, Basin Head Provincial Park |
| Stanley Bridge | A picturesque village known for its stunning views of the water and the iconic bridge. It's popular with tourists who enjoy fishing and outdoor activities. | Stanley Bridge Marina, The Bridgeview Restaurant, Fishing excursions, Cycling trails, Blue Mussel Cafe |
| Route 6 | This stretch of road features various attractions and is famous for its scenic views and access to several beaches. It's ideal for travelers exploring PEI. | Green Gables House, Cavendish Beach, The Bottle Houses, Shining Waters Family Fun Park, Prince Edward Island Mussel Fest |
| Cavendish East | A quieter area with family-friendly accommodations perfect for a home base while exploring the surrounding attractions and natural beauty. | The Farm Centre, Cavendish Beach, Anne of Green Gables Museum, Camping at Cavendish Beach National Park, Green Gables Golf Club |
| Basin Head | Renowned for its stunning natural scenery and sea glass beaches, Basin Head attracts adventurous travelers looking for unique coastal experiences. | Basin Head Provincial Park, Basin Head Fisheries Museum, Sea Glass collecting, Kayaking, Beach activities |
| Brackley Beach | A stunning beach area that offers a quieter alternative to the more crowded Cavendish Beach. It's perfect for families and those seeking a relaxing beach vacation. | Brackley Beach National Park, Brackley Drive-In, Prevost Island, Sand dunes, Picnic spots |
Do you need a license for Airbnb in Cavendish?
We recommend checking directly with Cavendish's local government regarding short-term rental licensing requirements. Current market data shows limited licensing information (24% of listings), making it essential to verify current regulations before starting your Airbnb business.
Top Performing Airbnb Properties in Cavendish
Cottage with Private Hot tub
Entire Place • 3 bedrooms
Charming Cavendish Cottage with Shared Pool
Entire Place • 3 bedrooms
Year Round Cottage in the Heart of Cavendish
Entire Place • 3 bedrooms
Semi-Secluded Cavendish Cottage with Hot Tub
Entire Place • 2 bedrooms
Heritage 3-bedrooms Homestead in Central Cavendish
Entire Place • 4 bedrooms
Cavendish Beach Chalet
Entire Place • 4 bedrooms
Top Performing Professional Hosts in Cavendish
| Host Name | Properties | Grossing Revenue | Stay Reviews | Avg Rating |
|---|---|---|---|---|
| Yan | 23 | $284,033 | 60 | 2.02/5.0 |
| Gavin | 12 | $154,885 | 200 | 3.92/5.0 |
| Jay | 7 | $126,787 | 90 | 4.71/5.0 |
| Zhaoyi | 4 | $119,216 | 264 | 4.69/5.0 |
| Stephanie | 2 | $106,977 | 103 | 4.90/5.0 |
| Ivy | 7 | $92,980 | 6 | 0.67/5.0 |
| Will | 11 | $84,095 | 50 | 3.36/5.0 |
| Cathy | 5 | $75,939 | 50 | 2.85/5.0 |
| Alesia | 1 | $62,800 | 44 | 5.00/5.0 |
| Kevin And Lourdes | 1 | $58,608 | 94 | 5.00/5.0 |
Additional analytics on vacation rental, real estate, short term rental data in Cavendish
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 (84.7%), with house and outdoor & mobile properties comprising 82.0% of inventory
- Strong specialty sector (45.9%) combining boutique hotels, unique stays, and outdoor accommodations indicates market maturity and premium opportunities
- Untapped potential in apartment & condo, others segments (3.6% combined)
Room Capacity Distribution
Analysis of 111 properties in Cavendish shows that 2 bedrooms properties are most prevalent, making up 50.5% of the market. The market tends to favor smaller properties, with 2 bedrooms and 1 bedroom together representing 68.5% of all listings.
Key Insights
- Most common: 2 bedrooms (50.5%)
- Least common: 5+ bedrooms (1.8%)
- Market concentration: 68.5% in top 2 sizes
- Market skew: Favors smaller properties
Guest Capacity Distribution
Analysis of 111 properties in Cavendish reveals that 6 guests properties dominate the market, representing 28.8% of all listings. The average property accommodates 5.7 guests, with a clear trend towards larger guest capacities. Properties accommodating 6 guests and 8+ guests make up 52.3% of the market.
Key Insights
- Most common capacity: 6 guests (28.8% of market)
- Least common capacity: 3 guests (3.6% of market)
- Average guest capacity: 5.7 guests per property
- Market concentration: 52.3% in top 2 capacity sizes
- Market segmentation: Predominantly larger guest capacities
Booking and Availability Patterns
Available Days Distribution
Booked Days Distribution
Among 111 properties in Cavendish, the most common availability pattern is 271-366 days (70.3% of properties). For actual bookings, properties most frequently secure bookings for 31-90 days (49.5% of properties).
Key Insights
- Most common availability window: 271-366 days (70.3%)
- Most common booking duration: 31-90 days (49.5%)
- Properties with high availability (180+ days): 96.4%
- Properties with long-term bookings (180+ days): 3.6%
Minimum Stay Distributions
1 Night
68 listings
66% of total
2 Nights
9 listings
8.7% of total
3 Nights
8 listings
7.8% of total
4-6 Nights
15 listings
14.6% of total
7-29 Nights
3 listings
2.9% of total
Key Insights
- Short stays (1-2 nights) dominate the market at 74.7%
- Mid-length stays (4-6 nights) represent 14.6% of listings
- Monthly+ stays (0%) suggest a stable extended-stay market
- High market flexibility with 82.5% 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
- Implement different minimum stays for weekends vs. weekdays
Cancellation Policy Distribution
Super Strict 30 Days
8 listings
9.9% of total
Flexible
6 listings
7.4% of total
Moderate
16 listings
19.8% of total
Firm
27 listings
33.3% of total
Strict
24 listings
29.6% of total
Key Insights
- Firm is the preferred policy at 33.3% of listings
- Stricter policies (Firm & Strict) dominate at 62.9% of the market
- Strong market consensus around Firm policies
- Flexible policies are least common at 7.4% of listings
Recommendations
- The market supports stricter policies, with 62.9% using Firm or Strict terms
- Strong market preference for Firm policies suggests this should be your baseline
Booking Lead Time Trends
Key Insights
- Peak booking lead times occur in Apr, May, Jul, averaging 148 days
- Shortest booking windows are in Oct, Nov, Jan, averaging 36 days
- Spring shows the longest average booking window at 135 days, while Winter has the shortest at 51 days
Recommendations
- Implement dynamic pricing strategies for Spring bookings at least 135 days in advance
- Consider early bird discounts during Winter to encourage longer lead times
- Focus on last-minute booking promotions during Oct-Jan when lead times are shortest
Popular Airbnb Amenities in Cavendish
Every property in Cavendish comes standard with Smoke alarm. Below shows the distribution of other amenities:
Traveler Demographics
Key Insights
- Domestic travelers make up 82% of total guests, indicating a dominant local market share.
- Primary international markets: United States (15.9%) and United Kingdom (0.7%)
- English is the top language at 75.3%, followed by French (18.8%)
- Notable demographic segment in <=1950s (Pre-1950s (Silent Gen)) at 4.7%
Recommendations
- Target marketing campaigns for Halifax and Ottawa markets
- Develop localized content for United States and United Kingdom
- Prioritize English and French 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 Cavendish. These nearby markets offer diverse opportunities for property investors and hosts:
| Market | Properties | Monthly Revenue | Daily Rate | Occupancy |
|---|---|---|---|---|
| Rustico | 23 | $2,591 | $253.01 | 50% |
| Wentworth | 23 | $2,518 | $220.55 | 44% |
| Port Williams | 16 | $2,488 | $243.87 | 50% |
| Grand Pre | 10 | $2,429 | $254.92 | 46% |
| Souris West | 10 | $2,367 | $201.08 | 52% |
| Halls Harbour | 16 | $2,339 | $197.27 | 52% |
| Gilberts Corner | 15 | $2,304 | $190.78 | 51% |
| Long River | 15 | $2,227 | $229.22 | 53% |
| Oyster Bed Bridge | 10 | $2,213 | $197.25 | 63% |
| Stanley Bridge | 64 | $2,016 | $211.86 | 52% |
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