Hoyvík Airbnb Market Analysis 2025: Short Term Rental Data & Vacation Rental Statistics in Streymoy region, Faroe Islands
Is Airbnb profitable in Hoyvík in 2025? Explore comprehensive Airbnb analytics for Hoyvík, Streymoy region, Faroe Islands to uncover income potential. This 2025 STR market report for Hoyvík, based on AirROI data from April 2024 to March 2025, reveals key trends in the niche market of 55 active listings.
Whether you're considering an Airbnb investment in Hoyvík, optimizing your existing vacation rental, or exploring rental arbitrage opportunities, understanding the Hoyvík Airbnb data is crucial. Leveraging the low regulation environment is key to maximizing your short term rental income potential. Let's dive into the specifics.
Key Hoyvík Airbnb Performance Metrics Overview
Monthly Airbnb Revenue Variations & Income Potential in Hoyvík (2025)
Understanding the monthly revenue variations for Airbnb listings in Hoyvík is key to maximizing your short term rental income potential. Seasonality significantly impacts earnings. Our analysis, based on data from the past 12 months, shows that the peak revenue month for STRs in Hoyvík is typically July, while March often presents the lowest earnings, highlighting opportunities for strategic pricing adjustments during shoulder and low seasons. Explore the typical Airbnb income in Hoyvík across different performance tiers:
- Best-in-class properties (Top 10%) achieve $4,577+ monthly, often utilizing dynamic pricing and superior guest experiences.
- Strong performing properties (Top 25%) earn $2,943 or more, indicating effective management and desirable locations/amenities.
- Typical properties (Median) generate around $1,838 per month, representing the average market performance.
- Entry-level properties (Bottom 25%) see earnings around $837, often with potential for optimization.
Average Monthly Airbnb Earnings Trend in Hoyvík
Hoyvík Airbnb Occupancy Rate Trends (2025)
Maximize your bookings by understanding the Hoyvík STR occupancy trends. Seasonal demand shifts significantly influence how often properties are booked. Typically, Julysees the highest demand (peak season occupancy), while January experiences the lowest (low season). Effective strategies, like adjusting minimum stays or offering promotions, can boost occupancy during slower periods. Here's how different property tiers perform in Hoyvík:
- Best-in-class properties (Top 10%) achieve 62%+ occupancy, indicating high desirability and potentially optimized availability.
- Strong performing properties (Top 25%) maintain 51% or higher occupancy, suggesting good market fit and guest satisfaction.
- Typical properties (Median) have an occupancy rate around 30%.
- Entry-level properties (Bottom 25%) average 18% occupancy, potentially facing higher vacancy.
Average Monthly Occupancy Rate Trend in Hoyvík
Average Daily Rate (ADR) Airbnb Trends in Hoyvík (2025)
Effective short term rental pricing strategy in Hoyvík involves understanding monthly ADR fluctuations. The Average Daily Rate (ADR) for Airbnb in Hoyvík typically peaks in July and dips lowest during November. Leveraging Airbnb dynamic pricing tools or strategies based on this seasonality can significantly boost revenue. Here's a look at the typical nightly rates achieved:
- Best-in-class properties (Top 10%) command rates of $310+ per night, often due to premium features or locations.
- Strong performing properties (Top 25%) achieve nightly rates of $231 or more.
- Typical properties (Median) charge around $165 per night.
- Entry-level properties (Bottom 25%) earn around $121 per night.
Average Daily Rate (ADR) Trend by Month in Hoyvík
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Airbnb Seasonality Analysis & Trends in Hoyvík (2025)
Peak Season (July, August, June)
- Revenue averages $3,448 per month
- Occupancy rates average 51.9%
- Daily rates average $202
Shoulder Season
- Revenue averages $2,037 per month
- Occupancy maintains around 32.7%
- Daily rates hold near $185
Low Season (February, March, November)
- Revenue drops to average $997 per month
- Occupancy decreases to average 20.7%
- Daily rates adjust to average $170
Seasonality Insights for Hoyvík
- The Airbnb seasonality in Hoyvík shows highly seasonal trends requiring careful strategy. While the sections above show seasonal averages, it's also insightful to look at the extremes:
- During the high season, the absolute peak month showcases Hoyvík's highest earning potential, with monthly revenues capable of climbing to $3,725, occupancy reaching a high of 59.9%, and ADRs peaking at $204.
- Conversely, the slowest single month of the year, typically falling within the low season, marks the market's lowest point. In this month, revenue might dip to $866, occupancy could drop to 18.7%, and ADRs may adjust down to $168.
- Understanding both the seasonal averages and these monthly peaks and troughs in revenue, occupancy, and ADR is crucial for maximizing your Airbnb profit potential in Hoyvík.
Seasonal Strategies for Maximizing Profit
- Peak Season: Maximize revenue through premium pricing and potentially longer minimum stays. Ensure high availability.
- Low Season: Offer competitive pricing, special promotions (e.g., extended stay discounts), and flexible cancellation policies. Target off-season travelers like remote workers or budget-conscious guests.
- Shoulder Seasons: Implement dynamic pricing that balances peak and low rates. Target weekend travelers or specific events. Offer slightly more flexible terms than peak season.
- Regularly analyze your own performance against these Hoyvík seasonality benchmarks and adjust your pricing and availability strategy accordingly.
Best Areas for Airbnb Investment in Hoyvík (2025)
Exploring the top neighborhoods for short-term rentals in Hoyvík? This section highlights key areas, outlining why they are attractive for hosts and guests, along with notable local attractions. Consider these locations based on your target guest profile and investment strategy.
| Neighborhood / Area | Why Host Here? (Target Guests & Appeal) | Key Attractions & Landmarks |
|---|---|---|
| Hoyvík Village | Charming village atmosphere with scenic coastal views. Ideal for tourists looking to explore local culture and enjoy the tranquility of the Faroe Islands. | Hoyvík Church, Faroese traditional houses, Walking trails along the coast, Birdwatching opportunities, Close proximity to Tórshavn |
| Tórshavn Harbour | The bustling capital of the Faroe Islands, offering vibrant nightlife, restaurants, and shops. A central location for tourists wanting to experience the local culture and history. | National Museum of the Faroe Islands, Tinganes (Old Town), Kirkjubøargarður, Føroyar Museum, Local seafood restaurants |
| Bøur | Picturesque village known for its stunning views of the sea and mountains. Perfect for nature lovers and photographers. | Bøur church, Views of Tindhólmur, Hiking trails, Historical sites, Local culture immersion |
| Gříklad | Small village close to Hoyvík, offering a peaceful retreat. Great for guests interested in outdoor activities and exploring the nearby regions. | Green landscapes, Hiking and cycling, Fishing spots, Local folklore, Traditional Faroese hospitality |
| Vestmanna | Famous for its bird cliffs and stunning coastal scenery. Attract visitors for tours and boat trips to see puffins and the unique geology. | Vestmanna Bird Cliffs, Boat tours, Local hiking trails, Historical sites, Beautiful coastal views |
| Kirkjubøur | Historic village known for its ancient architecture and cultural significance, attracting history buffs and nature lovers. | Kirkjubøur Church, St. Olav's church, Ruins of the 14th-century farm, Scenic coastal paths, Cultural festivals |
| Sandavágur | A charming village offering beautiful landscapes and trails. A great base for exploring the nearby islands. | Lake Sørvágsvatn, Stunning hiking routes, Local cafés, Cultural heritage sites, Picturesque village scenery |
| Oyndarfjørður | Scenic location with tranquil fjords, offering an authentic Faroese experience. Ideal for those looking to escape the hustle and bustle. | Fishing and boating, Waterfall hikes, Local folklore, Idyllic landscapes, Cultural heritage sites |
Understanding Airbnb License Requirements & STR Laws in Hoyvík (2025)
While Hoyvík, Streymoy region, Faroe Islands currently shows low STR regulations, specific Airbnb license requirements might still exist or change. Always verify the latest short term rental regulations and Airbnb license requirements directly with local government authorities for Hoyvík to ensure full compliance before hosting.
(Source: AirROI data, 2025, finding no licensed listings among those analyzed)
Top Performing Airbnb Properties in Hoyvík (2025)
Benchmark your potential! Explore examples of top-performing Airbnb properties in Hoyvíkbased on Trailing Twelve Month (TTM) revenue. Analyze their characteristics, revenue, occupancy rate, and ADR to understand what drives success in this market.
Panoramic Ocean View | Brand New | 3 BR
Entire Place • 3 bedrooms
Stunning Panoramic Sea View | 4 BR Apartment
Entire Place • 4 bedrooms
Bright apartment from 2018 in Hoyvík
Entire Place • 2 bedrooms
Charming Artistic Retreat | Panoramic View
Entire Place • 4 bedrooms
Three Bedroom House with a Panoramic Sea View
Entire Place • 3 bedrooms
Auto Camper FaroeGuide
Entire Place • 1 bedroom
Note: Performance varies based on location, size, amenities, seasonality, and management quality. Data reflects the past 12 months.
Top Performing Airbnb Hosts in Hoyvík (2025)
Learn from the best! This table showcases top-performing Airbnb hosts in Hoyvík based on the number of properties managed and estimated total revenue over the past year. Analyze their scale and performance metrics.
| Host Name | Properties | Grossing Revenue | Stay Reviews | Avg Rating |
|---|---|---|---|---|
| Vert | 9 | $186,122 | 82 | 3.69/5.0 |
| Faroe Stay | 5 | $102,199 | 17 | 3.00/5.0 |
| Christian | 3 | $40,794 | 11 | 5.00/5.0 |
| Durita & Fróði | 5 | $33,945 | 205 | 4.76/5.0 |
| Anna | 2 | $33,756 | 37 | 4.95/5.0 |
| Durita | 1 | $29,830 | 8 | 4.75/5.0 |
| Host #329291304 | 1 | $25,866 | 7 | 4.43/5.0 |
| Janus | 1 | $25,273 | 24 | 4.83/5.0 |
| Annfinn | 1 | $24,548 | 17 | 5.00/5.0 |
| Allan | 1 | $24,484 | 4 | 5.00/5.0 |
Analyzing the strategies of top hosts, such as their property selection, pricing, and guest communication, can offer valuable lessons for optimizing your own Airbnb operations in Hoyvík.
Dive Deeper: Advanced Hoyvík STR Market Data (2025)
Ready to unlock more insights? AirROI provides access to advanced metrics and comprehensive Airbnb data for Hoyvík. Explore detailed analytics beyond this report to refine your investment strategy, optimize pricing, and maximize your vacation rental profits.
Explore Advanced MetricsHoyvík Short-Term Rental Market Composition (2025): Property & Room Types
Room Type Distribution
Property Type Distribution
Market Composition Insights for Hoyvík
- The Hoyvík Airbnb market composition is heavily skewed towards Entire Home/Apt listings, which make up 81.8% of the 55 active rentals. This indicates strong guest preference for privacy and space.
- Looking at the property type distribution in Hoyvík, Apartment/Condo properties are the most common (69.1%), reflecting the local real estate landscape.
- Houses represent a significant 21.8% portion, catering likely to families or larger groups.
- The presence of 5.5% Hotel/Boutique listings indicates integration with traditional hospitality.
- Smaller segments like outdoor/unique (combined 3.6%) offer potential for unique stay experiences.
Hoyvík Airbnb Room Capacity Analysis (2025): Bedroom Distribution
Distribution of Listings by Number of Bedrooms
Room Capacity Insights for Hoyvík
- The dominant room capacity in Hoyvík is 2 bedrooms listings, making up 36.4% of the market. This suggests a strong demand for properties suitable for couples or solo travelers.
- Together, 2 bedrooms and 1 bedroom properties represent 56.4% of the active Airbnb listings in Hoyvík, indicating a high concentration in these sizes.
- A significant 29.1% of listings offer 3+ bedrooms, catering to larger groups and families seeking more space in Hoyvík.
Hoyvík Vacation Rental Guest Capacity Trends (2025)
Distribution of Listings by Guest Capacity
Guest Capacity Insights for Hoyvík
- The most common guest capacity trend in Hoyvík vacation rentals is listings accommodating 4 guests (36.4%). This suggests the primary traveler segment is likely small families or groups.
- Properties designed for 4 guests and 6 guests dominate the Hoyvík STR market, accounting for 54.6% of listings.
- 29.1% of properties accommodate 6+ guests, serving the market segment for larger families or group travel in Hoyvík.
- On average, properties in Hoyvík are equipped to host 3.9 guests.
Hoyvík Airbnb Booking Patterns (2025): Available vs. Booked Days
Available Days Distribution
Booked Days Distribution
Booking Pattern Insights for Hoyvík
- The most common availability pattern in Hoyvík falls within the 271-366 days range, representing 65.5% of listings. This suggests many properties have significant open periods on their calendars.
- Approximately 96.4% of listings show high availability (181+ days open annually), indicating potential for increased bookings or specific owner usage patterns.
- For booked days, the 31-90 days range is most frequent in Hoyvík (49.1%), reflecting common guest stay durations or potential owner blocking patterns.
- A notable 3.6% of properties secure long booking periods (181+ days booked per year), highlighting successful long-term rental strategies or significant owner usage.
Hoyvík Airbnb Minimum Stay Requirements Analysis
Distribution of Listings by Minimum Night Requirement
1 Night
4 listings
7.8% of total
2 Nights
22 listings
43.1% of total
3 Nights
10 listings
19.6% of total
4-6 Nights
4 listings
7.8% of total
7-29 Nights
2 listings
3.9% of total
30+ Nights
9 listings
17.6% of total
Key Insights
- The most prevalent minimum stay requirement in Hoyvík is 2 Nights, adopted by 43.1% of listings. This highlights the market's preference for shorter, flexible bookings.
- A significant segment (17.6%) caters to monthly stays (30+ nights) in Hoyvík, pointing to opportunities in the extended-stay market.
Recommendations
- Align with the market by considering a 2 Nights minimum stay, as 43.1% of Hoyvík hosts use this setting.
- If feasible, allowing 1-night stays, especially midweek or during low season, could capture last-minute bookings, as only 7.8% currently do.
- A 2-night minimum appears standard (43.1%). Consider this for weekends or peak periods.
- Explore offering discounts for stays of 30+ nights to attract the 17.6% of the market seeking extended stays.
- Adjust minimum nights based on seasonality – potentially shorter during low season and longer during peak demand periods in Hoyvík.
Hoyvík Airbnb Cancellation Policy Trends Analysis (2025)
Flexible
15 listings
33.3% of total
Moderate
11 listings
24.4% of total
Firm
9 listings
20% of total
Strict
10 listings
22.2% of total
Cancellation Policy Insights for Hoyvík
- The prevailing Airbnb cancellation policy trend in Hoyvík is Flexible, used by 33.3% of listings.
- There's a relatively balanced mix between guest-friendly (57.7%) and stricter (42.2%) policies, offering choices for different guest needs.
Recommendations for Hosts
- Consider adopting a Flexible policy to align with the 33.3% market standard in Hoyvík.
- Regularly review your cancellation policy against competitors and market demand shifts in Hoyvík.
Hoyvík STR Booking Lead Time Analysis (2025)
Average Booking Lead Time by Month
Booking Lead Time Insights for Hoyvík
- The overall average booking lead time for vacation rentals in Hoyvík is 39 days.
- Guests book furthest in advance for stays during July (average 96 days), likely coinciding with peak travel demand or local events.
- The shortest booking windows occur for stays in November (average 3 days), indicating more last-minute travel plans during this time.
- Seasonally, Summer (64 days avg.) sees the longest lead times, while Fall (32 days avg.) has the shortest, reflecting typical travel planning cycles.
Recommendations for Hosts
- Use the overall average lead time (39 days) as a baseline for your pricing and availability strategy in Hoyvík.
- For July stays, consider implementing length-of-stay discounts or slightly higher rates for bookings made less than 96 days out to capitalize on advance planning.
- During November, focus on last-minute booking availability and promotions, as guests book with very short notice (3 days avg.).
- Target marketing efforts for the Summer season well in advance (at least 64 days) to capture early planners.
- Monitor your own booking lead times against these Hoyvík averages to identify opportunities for dynamic pricing adjustments.
Popular & Essential Airbnb Amenities in Hoyvík (2025)
Amenity Prevalence
Amenity Insights for Hoyvík
- Essential amenities in Hoyvík that guests expect include: Wifi, Kitchen. Lacking these (any) could significantly impact bookings.
- Popular amenities like Smoke alarm, Washer, Dishes and silverware are common but not universal. Offering these can provide a competitive edge.
Recommendations for Hosts
- Ensure your listing includes all essential amenities for Hoyvík: Wifi, Kitchen.
- Prioritize adding missing essentials: Kitchen.
- Consider adding popular differentiators like Smoke alarm or Washer to increase appeal.
- Highlight unique or less common amenities you offer (e.g., hot tub, dedicated workspace, EV charger) in your listing description and photos.
- Regularly check competitor amenities in Hoyvík to stay competitive.
Hoyvík Airbnb Guest Demographics & Profile Analysis (2025)
Guest Profile Summary for Hoyvík
- The typical guest profile for Airbnb in Hoyvík consists of predominantly international visitors (98%), with top international origins including Denmark, typically belonging to the Post-2000s (Gen Z/Alpha) group (50%), primarily speaking English or German.
- Domestic travelers account for 1.7% of guests.
- Key international markets include United States (15.9%) and Denmark (14.6%).
- Top languages spoken are English (43.5%) followed by German (9.3%).
- A significant demographic segment is the Post-2000s (Gen Z/Alpha) group, representing 50% of guests.
Recommendations for Hosts
- Focus marketing internationally, particularly towards travelers from Denmark.
- Tailor amenities and listing descriptions to appeal to the dominant Post-2000s (Gen Z/Alpha) demographic (e.g., highlight fast WiFi, smart home features, local guides).
- Highlight unique local experiences or amenities relevant to the primary guest profile.
- Consider seasonal promotions aligned with peak travel times for key origin markets.
Nearby Short-Term Rental Market Comparison
How does the Hoyvík Airbnb market stack up against its neighbors? Compare key performance metrics like average monthly revenue, ADR, and occupancy rates in surrounding areas to understand the broader regional STR landscape.
| Market | Active Properties | Monthly Revenue | Daily Rate | Avg. Occupancy |
|---|---|---|---|---|
| Gásadalur | 10 | $3,068 | $201.74 | 56% |
| Leynar | 16 | $2,430 | $217.19 | 51% |
| Miðvágur | 25 | $1,987 | $149.93 | 60% |
| Klaksvik | 49 | $1,836 | $159.46 | 52% |
| Sandavágur | 20 | $1,835 | $181.69 | 55% |
| Vestmanna | 17 | $1,652 | $170.00 | 48% |
| Tórshavn | 248 | $1,586 | $173.00 | 48% |
| Gjógv | 10 | $1,571 | $184.23 | 44% |
| Strendur | 12 | $1,481 | $170.66 | 48% |
| Tvøroyri | 14 | $1,440 | $141.94 | 43% |