Airbnb Market Analytics, Statistics and Data in Palmarejo, Praia, Cape Verde
Last updated: 2025-01-31
Looking to make more money with hosting or rental arbitraging Airbnbs, short-term rentals, vacation rentals in Palmarejo? 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 Palmarejo:
How much do Airbnb hosts make on average per month in Palmarejo?
The short-term rental market in Palmarejo 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 $825 per month
- Strong performing properties (top 25%) make $1,306 or more
- Best-in-class properties (top 10%) achieve $1,882+ monthly
- Entry-level properties (bottom 25%) typically earn around $410
Revenue Variations by Month
Occupancy Rates Throughout the Year in Palmarejo
The market in Palmarejo 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 40% occupancy rates
- Strong performing properties (top 25%) achieve 69% or higher
- Best-in-class properties (top 10%) reach 85%+occupancy
- Entry-level properties (bottom 25%) average around 21%
Occupancy Variations by Month
Average Daily Rates Seasonal Trends in Palmarejo
Daily rates in Palmarejo 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 $48 per night
- Strong performing properties (top 25%) secure $66 or more
- Best-in-class properties (top 10%) pull in $101+ per night
- Entry-level properties (bottom 25%) earn around $38
Daily Rate Variations by Month
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Seasonality patterns in Palmarejo
Peak Season (June, March, May)
- Revenue peaks at $1329.94 per month
- Occupancy rates reach 56.89%
- Daily rates average $62.52
Shoulder Season
- Revenue averages $959.54 per month
- Occupancy maintains 44.48%
- Daily rates hold at $59.61
Low Season (November, January, September)
- Revenue drops to $709.34 per month
- Occupancy decreases to 36.46%
- Daily rates adjust to $57.60
Is it still profitable to do Airbnb in Palmarejo in 2025?
Yes! Palmarejo demonstrates highly seasonal trends requiring strategic adaptation, featuring a growing occupancy rate of 44% and monthly revenue averaging $960 and With 96 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 Palmarejo
| Area | Why Choose This Area | Key Attractions |
|---|---|---|
| Palmarejo | A beautiful coastal neighborhood known for its stunning beaches and laid-back atmosphere. Perfect for tourists seeking relaxation and sunny weather, with easy access to local culture and dining options. | Praia de Palmarejo, Local fish market, Restaurants along the waterfront, Cultural events in the area |
| Plateau | The historic center of Praia, known for its vibrant markets and cultural sites. Attracts visitors interested in Cape Verdean history and urban life, making it a great spot for unique Airbnb experiences. | Palácio da Justiça, Museu Evaristo Carvalho, Praia Market, City Hall of Praia, Cultural spaces |
| Achada de Santo Antonio | An emerging neighborhood with a mix of local life and tourist amenities. Ideal for those looking for a more authentic Cape Verde experience while still being close to key attractions. | Markets and local shops, Community events, City parks, Public squares |
| Quebra Canela | A lively beach area with cultural activities and events. Popular with both locals and tourists, it's an excellent choice for those seeking beach-side accommodations. | Quebra Canela Beach, Live music events, Nearby restaurants, Water sports |
| Estoril | A beachfront neighborhood with beautiful views and a relaxed atmosphere, attracting families and beachgoers looking for seaside stays. | Estoril Beach, Seafront promenade, Water sports activities |
| Achada Grande Trás | A residential area that offers a glimpse into local life while being close to the city center. Perfect for budget travelers and those wanting to experience authentic Cape Verde. | Community parks, Local dining, Street markets |
| Palmarejo Grande | Further along the coast, this area is perfect for visitors wanting to be near nature and the beach but slightly away from busier tourist spots. Great for families and quiet retreats. | Beautiful coastal walks, Natural parks, Quiet beaches |
| Centro | The bustling central area of Praia is great for travelers looking for urban convenience with access to shops, dining, and nightlife. | Shopping districts, Cafes and bars, Cultural institutions, Public transport connections |
Do you need a license for Airbnb in Palmarejo?
We recommend checking directly with Palmarejo'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 Palmarejo
"Dolce Waves Apartments & Car Rentals"
Entire Place • 3 bedrooms
Saw Paradise in Praia (AC)
Entire Place • 2 bedrooms
2 bdr cozy apt near Praça Center, AC & Fast Wi-Fi
Entire Place • 2 bedrooms
Exclusive and well located apartment in Praia
Entire Place • 2 bedrooms
Nhu Sao Francisco - Palmarejo (AC)
Entire Place • 3 bedrooms
2 bdr apt in Palmarejo Baixo, near seafront - LCGR
Entire Place • 2 bedrooms
Top Performing Professional Hosts in Palmarejo
| Host Name | Properties | Grossing Revenue | Stay Reviews | Avg Rating |
|---|---|---|---|---|
| Samuel - LCGR | 6 | $74,803 | 19 | 3.31/5.0 |
| Bo Casa Limpa | 5 | $71,944 | 26 | 2.78/5.0 |
| Edna | 2 | $40,359 | 71 | 4.92/5.0 |
| Elsemanuel | 3 | $35,054 | 266 | 4.86/5.0 |
| Leonardo | 5 | $24,739 | 23 | 1.95/5.0 |
| Tété | 3 | $23,701 | 427 | 4.88/5.0 |
| Irina | 2 | $23,035 | 20 | 4.85/5.0 |
| Tamara | 2 | $21,235 | 17 | 4.79/5.0 |
| Marie | 1 | $20,355 | 52 | 4.88/5.0 |
| Djoy | 3 | $17,772 | 77 | 4.95/5.0 |
Additional analytics on vacation rental, real estate, short term rental data in Palmarejo
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 (87.5%), with apartment & condo and house properties comprising 97.9% of inventory
- Untapped potential in boutique & hotels segments (2.1% combined)
Room Capacity Distribution
Analysis of 96 properties in Palmarejo shows that 2 bedrooms properties are most prevalent, making up 40.6% of the market. The market tends to favor smaller properties, with 2 bedrooms and 1 bedroom together representing 69.8% of all listings.
Key Insights
- Most common: 2 bedrooms (40.6%)
- Least common: 4 bedrooms (1%)
- Market concentration: 69.8% in top 2 sizes
- Market skew: Favors smaller properties
Guest Capacity Distribution
Analysis of 96 properties in Palmarejo reveals that 4 guests properties dominate the market, representing 30.2% of all listings. The average property accommodates 4.1 guests, with a clear trend towards larger guest capacities. Properties accommodating 4 guests and 2 guests make up 53.1% of the market.
Key Insights
- Most common capacity: 4 guests (30.2% of market)
- Least common capacity: 7 guests (3.1% of market)
- Average guest capacity: 4.1 guests per property
- Market concentration: 53.1% in top 2 capacity sizes
- Market segmentation: Predominantly larger guest capacities
Booking and Availability Patterns
Available Days Distribution
Booked Days Distribution
Among 96 properties in Palmarejo, the most common availability pattern is 271-366 days (49% of properties). For actual bookings, properties most frequently secure bookings for 91-180 days (27.1% of properties).
Key Insights
- Most common availability window: 271-366 days (49%)
- Most common booking duration: 91-180 days (27.1%)
- Properties with high availability (180+ days): 76.0%
- Properties with long-term bookings (180+ days): 24.0%
Minimum Stay Distributions
1 Night
36 listings
43.4% of total
2 Nights
34 listings
41% of total
3 Nights
6 listings
7.2% of total
4-6 Nights
3 listings
3.6% of total
30+ Nights
4 listings
4.8% of total
Key Insights
- Short stays (1-2 nights) dominate the market at 84.4%
- Mid-length stays (4-6 nights) represent 3.6% of listings
- Monthly+ stays (4.8%) suggest a stable extended-stay market
- High market flexibility with 91.6% 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
Flexible
34 listings
53.1% of total
Moderate
13 listings
20.3% of total
Firm
3 listings
4.7% of total
Strict
14 listings
21.9% of total
Key Insights
- Flexible is the preferred policy at 53.1% of listings
- Guest-friendly policies (Flexible & Moderate) dominate at 73.4% of the market
- Strong market consensus around Flexible policies
- Firm policies are least common at 4.7% 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, Mar, Apr, averaging 58 days
- Shortest booking windows are in May, Aug, Nov, averaging 39 days
- Summer shows the longest average booking window at 51 days, while Fall has the shortest at 44 days
Recommendations
- Implement dynamic pricing strategies for Summer bookings at least 51 days in advance
- Consider early bird discounts during Fall to encourage longer lead times
- Focus on last-minute booking promotions during May-Nov when lead times are shortest
Popular Airbnb Amenities in Palmarejo
Below is the distribution of amenities across listings in Palmarejo:
Traveler Demographics
Key Insights
- Domestic travelers make up 0.5% of total guests, indicating a mostly international-driven market.
- Primary international markets: United States (16.7%) and Germany (11.3%)
- English is the top language at 38.3%, followed by French (27%)
- Notable demographic segment in <=1950s (Pre-1950s (Silent Gen)) at 3.5%
Recommendations
- Target marketing campaigns for Paris and Lisbon markets
- Develop localized content for United States and Germany
- 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 Palmarejo. These nearby markets offer diverse opportunities for property investors and hosts:
| Market | Properties | Monthly Revenue | Daily Rate | Occupancy |
|---|---|---|---|---|
| Prainha | 10 | $623 | $64.06 | 36% |
| Praia | 94 | $584 | $72.30 | 34% |
| Achada Santo António | 38 | $508 | $52.83 | 39% |
| Tarrafal | 79 | $467 | $63.06 | 31% |
| Platô | 53 | $449 | $44.79 | 39% |
| Cidade do Maio | 45 | $397 | $54.78 | 30% |
| Ribeira Grande de Santiago (Cidade Velha) | 20 | $369 | $49.45 | 33% |
| São Filipe | 16 | $321 | $48.60 | 27% |
| Assomada (Santa Catarina) | 13 | $243 | $50.01 | 31% |
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