Airbnb Market Analytics, Statistics and Data in Montenegro, Quindío, Colombia
Last updated: 2025-01-31
Looking to make more money with hosting or rental arbitraging Airbnbs, short-term rentals, vacation rentals in Montenegro? 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 Montenegro:
How much do Airbnb hosts make on average per month in Montenegro?
The short-term rental market in Montenegro 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 $545 per month
- Strong performing properties (top 25%) make $1,450 or more
- Best-in-class properties (top 10%) achieve $3,527+ monthly
- Entry-level properties (bottom 25%) typically earn around $206
Revenue Variations by Month
Occupancy Rates Throughout the Year in Montenegro
The market in Montenegro 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 22% occupancy rates
- Strong performing properties (top 25%) achieve 41% or higher
- Best-in-class properties (top 10%) reach 64%+occupancy
- Entry-level properties (bottom 25%) average around 10%
Occupancy Variations by Month
Average Daily Rates Seasonal Trends in Montenegro
Daily rates in Montenegro 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 $61 per night
- Strong performing properties (top 25%) secure $188 or more
- Best-in-class properties (top 10%) pull in $335+ per night
- Entry-level properties (bottom 25%) earn around $38
Daily Rate Variations by Month
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Seasonality patterns in Montenegro
Peak Season (April, December, November)
- Revenue peaks at $1634.13 per month
- Occupancy rates reach 35.99%
- Daily rates average $139.20
Shoulder Season
- Revenue averages $1300.57 per month
- Occupancy maintains 28.44%
- Daily rates hold at $131.28
Low Season (January, August, September)
- Revenue drops to $992.03 per month
- Occupancy decreases to 23.85%
- Daily rates adjust to $119.11
Is it still profitable to do Airbnb in Montenegro in 2025?
Yes! Montenegro demonstrates moderate seasonality with good off-peak opportunities, featuring a growing occupancy rate of 28% and monthly revenue averaging $1301 and With 257 active listings, the market shows established demand while maintaining room for growth. 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 Montenegro
| Area | Why Choose This Area | Key Attractions |
|---|---|---|
| Córdoba | Córdoba is a charming area in Montenegro known for its pleasant climate and lush coffee plantations, making it a great spot for eco-tourism and relaxation. It attracts visitors looking for a tranquil retreat in the heart of Colombia's coffee region. | Los Fundadores Park, Café del Teatro, Parque Nacional Natural Los Nevados, Montenegro Coffee Park, Mirador del Quindío |
| El Edén | El Edén is close to popular attractions like the National Coffee Park and offers stunning views of the surrounding mountains. It is ideal for travelers wanting to immerse themselves in Colombian culture and nature. | National Coffee Park, Parque Bosque Popular El Prado, Café San Alberto, Mirador El Edén, Quindio Botanical Garden |
| Pueblo Tapao | Pueblo Tapao is known for its picturesque landscapes and is a favored spot for adventure tourism, including hiking and horseback riding, appealing to outdoor enthusiasts looking for unique experiences. | Parque Nacional Natural Los Nevados, Cascadas de La Cueva, Pueblo Tapao River, Café La Floresta, Horseback riding trails |
| Montenegro Town Center | The town center of Montenegro is vibrant, with local markets, restaurants, and a strong sense of community. This area is perfect for travelers looking to experience local life and culture. | Main Square, Local Food Markets, Café Rincón del Quindío, Plaza de Bolívar, Cultural events and festivals |
| Kokoro | Kokoro is a growing neighborhood attracting travelers with its peaceful environment and proximity to coffee farms. It’s ideal for those seeking a peaceful stay within nature's embrace. | Café Kokoro, Coffee plantation tours, Eco-lodges, Nature trails, Bird watching |
| La Tebaida | La Tebaida is located near the main tourist routes yet remains less crowded, offering a serene getaway with easy access to nature and outdoor activities. | Parque Recreacional La Tebaida, Café La Morelia, Waterfalls, Adventure parks, Regional cultural events |
| Quimbaya | Quimbaya is known for its rich agricultural heritage and is near many coffee farms, making it appealing for agritourism and cultural experiences. | Quindío Botanical Garden, Café Quindío, Parque Nacional Natural Los Nevados, Coffee farm tours, Cultural workshops |
| Calarcá | Calarcá features beautiful landscapes and is recognized for its vibrant arts scene, making it a destination for culture lovers and nature enthusiasts alike. | El Jardín de los Helechos, Cultural Center, Local Craft Markets, Café Quindío, Festival del Café |
Do you need a license for Airbnb in Montenegro?
Yes, Montenegro requires a license for operating an Airbnb. Current market data shows 67% of active listings maintain proper licensing, confirming this requirement. Getting licensed is an essential first step before listing your property.
Top Performing Airbnb Properties in Montenegro
CafeCasas: Parque del Cafe Lujo | Pool Jacuzzi BBQ
Entire Place • 4 bedrooms
Paradise retreat, luxury among nature.
Entire Place • 7 bedrooms
Casa Mar Verde: spectacular views!
Entire Place • 7 bedrooms
VIP Finca Cafe Quindio Armenia National Park
Entire Place • 5 bedrooms
Luxury TopSpot in the heart of the coffee Axis!
Entire Place • 5 bedrooms
Villa tokyo- Parque del cafe
Entire Place • 3 bedrooms
Top Performing Professional Hosts in Montenegro
| Host Name | Properties | Grossing Revenue | Stay Reviews | Avg Rating |
|---|---|---|---|---|
| CafeCasas | 4 | $183,317 | 129 | 3.71/5.0 |
| Andres Felipe | 3 | $91,637 | 135 | 4.87/5.0 |
| Gilberto | 1 | $74,772 | 30 | 5.00/5.0 |
| Nelson | 1 | $73,925 | 36 | 4.97/5.0 |
| Gloria | 2 | $67,797 | 68 | 4.99/5.0 |
| Lucia | 1 | $65,397 | 91 | 4.98/5.0 |
| TopSpot | 1 | $54,636 | 6 | 5.00/5.0 |
| Javier Alejandro | 1 | $54,493 | 11 | 5.00/5.0 |
| Carmen Elisa | 1 | $51,902 | 108 | 4.95/5.0 |
| Natalia | 1 | $48,105 | 21 | 4.90/5.0 |
Additional analytics on vacation rental, real estate, short term rental data in Montenegro
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 (80.5%), with house and apartment & condo properties comprising 74.4% of inventory
- Strong specialty sector (24.9%) combining boutique hotels, unique stays, and outdoor accommodations indicates market maturity and premium opportunities
- Untapped potential in unique stays, others segments (2.0% combined)
Room Capacity Distribution
Analysis of 257 properties in Montenegro shows that 2 bedrooms properties are most prevalent, making up 33.5% of the market. The market tends to favor smaller properties, with 2 bedrooms and 5+ bedrooms together representing 55.3% of all listings.
Key Insights
- Most common: 2 bedrooms (33.5%)
- Least common: 4 bedrooms (11.3%)
- Market concentration: 55.3% in top 2 sizes
- Market skew: Favors smaller properties
Guest Capacity Distribution
Analysis of 257 properties in Montenegro reveals that 8+ guests properties dominate the market, representing 42.8% of all listings. The average property accommodates 6.0 guests, with a clear trend towards larger guest capacities. Properties accommodating 8+ guests and 6 guests make up 64.2% of the market.
Key Insights
- Most common capacity: 8+ guests (42.8% of market)
- Least common capacity: 7 guests (3.9% of market)
- Average guest capacity: 6.0 guests per property
- Market concentration: 64.2% in top 2 capacity sizes
- Market segmentation: Predominantly larger guest capacities
Booking and Availability Patterns
Available Days Distribution
Booked Days Distribution
Among 257 properties in Montenegro, the most common availability pattern is 271-366 days (68.1% of properties). For actual bookings, properties most frequently secure bookings for 1-30 days (43.2% of properties).
Key Insights
- Most common availability window: 271-366 days (68.1%)
- Most common booking duration: 1-30 days (43.2%)
- Properties with high availability (180+ days): 90.3%
- Properties with long-term bookings (180+ days): 11.7%
Minimum Stay Distributions
1 Night
141 listings
61.3% of total
2 Nights
54 listings
23.5% of total
3 Nights
10 listings
4.3% of total
4-6 Nights
4 listings
1.7% of total
30+ Nights
21 listings
9.1% of total
Key Insights
- Short stays (1-2 nights) dominate the market at 84.8%
- Mid-length stays (4-6 nights) represent 1.7% of listings
- Monthly+ stays (9.1%) suggest a stable extended-stay market
- High market flexibility with 89.1% 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
0.6% of total
Flexible
72 listings
40.4% of total
Moderate
55 listings
30.9% of total
Firm
20 listings
11.2% of total
Strict
30 listings
16.9% of total
Key Insights
- Flexible is the preferred policy at 40.4% of listings
- Guest-friendly policies (Flexible & Moderate) dominate at 71.3% of the market
- Strong market consensus around Flexible policies
- Super Strict 30 Days policies are least common at 0.6% 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 Jan, Dec, Nov, averaging 55 days
- Shortest booking windows are in Jun, Feb, Sep, averaging 26 days
- Winter shows the longest average booking window at 48 days, while Summer has the shortest at 33 days
Recommendations
- Implement dynamic pricing strategies for Winter bookings at least 48 days in advance
- Consider early bird discounts during Summer to encourage longer lead times
- Focus on last-minute booking promotions during Jun-Sep when lead times are shortest
Popular Airbnb Amenities in Montenegro
Below is the distribution of amenities across listings in Montenegro:
Traveler Demographics
Key Insights
- Domestic travelers make up 70.7% of total guests, indicating a dominant local market share.
- Primary international markets: United States (17.4%) and Canada (2.8%)
- Spanish is the top language at 59.7%, followed by English (33.3%)
- Notable demographic segment in <=1950s (Pre-1950s (Silent Gen)) at 2.1%
Recommendations
- Target marketing campaigns for Bogotá and Cali markets
- Develop localized content for United States and Canada
- Prioritize Spanish and English 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 Montenegro. These nearby markets offer diverse opportunities for property investors and hosts:
| Market | Properties | Monthly Revenue | Daily Rate | Occupancy |
|---|---|---|---|---|
| Anapoima | 24 | $2,738 | $373.54 | 24% |
| Apulo | 94 | $1,906 | $266.13 | 27% |
| Cauca Viejo | 25 | $1,791 | $258.98 | 26% |
| Anapoima | 275 | $1,749 | $262.81 | 27% |
| Carmen Apicala | 10 | $1,370 | $200.84 | 22% |
| Ginebra | 11 | $1,275 | $120.90 | 19% |
| Restrepo | 16 | $1,180 | $163.27 | 23% |
| El Imperio | 14 | $1,131 | $208.42 | 28% |
| Villeta | 21 | $1,121 | $187.34 | 24% |
| Cundinamarca | 13 | $1,116 | $153.16 | 25% |
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