Airbnb Market Analytics, Statistics and Data in Panormos, Region of Crete, Greece
Last updated: 2025-01-31
Looking to make more money with hosting or rental arbitraging Airbnbs, short-term rentals, vacation rentals in Panormos? 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 Panormos:
How much do Airbnb hosts make on average per month in Panormos?
The short-term rental market in Panormos 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 $1,708 per month
- Strong performing properties (top 25%) make $5,092 or more
- Best-in-class properties (top 10%) achieve $11,155+ monthly
- Entry-level properties (bottom 25%) typically earn around $674
Revenue Variations by Month
Occupancy Rates Throughout the Year in Panormos
The market in Panormos 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 31% occupancy rates
- Strong performing properties (top 25%) achieve 54% or higher
- Best-in-class properties (top 10%) reach 71%+occupancy
- Entry-level properties (bottom 25%) average around 15%
Occupancy Variations by Month
Average Daily Rates Seasonal Trends in Panormos
Daily rates in Panormos 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 $149 per night
- Strong performing properties (top 25%) secure $266 or more
- Best-in-class properties (top 10%) pull in $527+ per night
- Entry-level properties (bottom 25%) earn around $98
Daily Rate Variations by Month
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Seasonality patterns in Panormos
Peak Season (August, July, June)
- Revenue peaks at $7534.08 per month
- Occupancy rates reach 63.23%
- Daily rates average $270.32
Shoulder Season
- Revenue averages $4063.09 per month
- Occupancy maintains 35.77%
- Daily rates hold at $237.30
Low Season (November, January, December)
- Revenue drops to $619.83 per month
- Occupancy decreases to 9.69%
- Daily rates adjust to $204.21
Is it still profitable to do Airbnb in Panormos in 2025?
Yes! Panormos demonstrates highly seasonal trends requiring strategic adaptation, featuring a growing occupancy rate of 36% and strong monthly revenue averaging $4063 and The market's 141 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 Panormos
| Area | Why Choose This Area | Key Attractions |
|---|---|---|
| Panormos Beach | A beautiful sandy beach surrounded by picturesque views, ideal for families and couples looking for a relaxing vacation. It offers beach bars and water sports activities. | Panormos Beach, Nearby Taverns (like Taverna Akrogiali), Water Sports Centers, Bali Beach, Rethymno Old Town |
| Old Village | The charming traditional village offers a glimpse into local life with its narrow streets, quaint houses, and wonderful local eateries. A great place for guests looking for culture and tranquility. | Traditional Cretan Architecture, Local Taverns, Cultural Festivals, Nearby Vineyards, Beautiful Countryside |
| Crete Aquarium | One of the largest aquariums in Europe, perfect for families and marine life enthusiasts. It attracts a lot of visitors, driving demand for nearby rentals. | Cretaquarium, Underwater Experiences, Crete's Marine Biodiversity |
| Fodele | Known as the birthplace of the famous painter El Greco, this village combines cultural heritage with beautiful landscapes, attracting art lovers and tourists alike. | El Greco Museum, Local Artisans, Beach and Nature Trails |
| Rethymnon Town Center | A historic town with a vibrant nightlife, shopping options, and a beautiful Venetian harbor, attracting tourists year-round. | Venetian Harbor, Fortezza Castle, Rethymnon Old Town, Beaches, Shopping Streets |
| Gorgo Beach | A smaller, quieter beach option perfect for those looking to escape the crowds, ideal for intimate getaways. | Gorgo Beach, Local Cafes, Nature Trails |
| Agios Pilavios Beach | This tranquil beach provides a more secluded experience, attracting those looking for privacy and relaxation. | Agios Pilavios Beach, Hiking Trails, Local Tavernas |
| Monastery of Arkadi | A historic site that draws visitors interested in history and religion, perfect for attracting cultural tourists. | Monastery of Arkadi, Historical Exhibitions, Beautiful Scenery |
Do you need a license for Airbnb in Panormos?
Yes, Panormos requires a license for operating an Airbnb. Current market data shows 68% 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 Panormos
Wave Villa, Beach Front Retreat
Entire Place • 6 bedrooms
Nos Duos Villa, a Spectacular Beachfront Escape
Entire Place • 6 bedrooms
Thalassa Residence, a luxury coastal escape!
Entire Place • 6 bedrooms
Zillion Villa, intangible beachfront luxury
Entire Place • 4 bedrooms
Lagoon Seaside Villa, a Sumptuous Retreat
Entire Place • 5 bedrooms
Lagoon Seabreeze Villa, a Sumptuous Retreat
Entire Place • 5 bedrooms
Top Performing Professional Hosts in Panormos
| Host Name | Properties | Grossing Revenue | Stay Reviews | Avg Rating |
|---|---|---|---|---|
| Valia | 18 | $2,065,427 | 448 | 4.67/5.0 |
| Giorgos | 2 | $230,319 | 31 | 4.96/5.0 |
| Kostas | 2 | $210,332 | 54 | 4.88/5.0 |
| Matthaios | 3 | $163,179 | 196 | 4.93/5.0 |
| Antonis | 2 | $116,772 | 68 | 5.00/5.0 |
| Kostas | 2 | $101,268 | 61 | 4.95/5.0 |
| Mary | 1 | $89,632 | 18 | 4.94/5.0 |
| Elizabeth | 5 | $88,171 | 28 | 2.87/5.0 |
| George | 4 | $81,363 | 51 | 4.74/5.0 |
| Pavlina | 3 | $64,306 | 25 | 3.33/5.0 |
Additional analytics on vacation rental, real estate, short term rental data in Panormos
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 (88.7%), with house and apartment & condo properties comprising 93.6% of inventory
Room Capacity Distribution
Analysis of 141 properties in Panormos shows that 1 bedroom properties are most prevalent, making up 33.3% of the market. The market tends to favor smaller properties, with 1 bedroom and 2 bedrooms together representing 58.2% of all listings.
Key Insights
- Most common: 1 bedroom (33.3%)
- Least common: 4 bedrooms (9.2%)
- Market concentration: 58.2% in top 2 sizes
- Market skew: Favors smaller properties
Guest Capacity Distribution
Analysis of 141 properties in Panormos reveals that 8+ guests properties dominate the market, representing 21.3% of all listings. The average property accommodates 5.0 guests, with a clear trend towards larger guest capacities. Properties accommodating 8+ guests and 4 guests make up 37.6% of the market.
Key Insights
- Most common capacity: 8+ guests (21.3% of market)
- Least common capacity: 7 guests (7.1% of market)
- Average guest capacity: 5.0 guests per property
- Market concentration: 37.6% in top 2 capacity sizes
- Market segmentation: Predominantly larger guest capacities
Booking and Availability Patterns
Available Days Distribution
Booked Days Distribution
Among 141 properties in Panormos, the most common availability pattern is 271-366 days (64.5% of properties). For actual bookings, properties most frequently secure bookings for 1-30 days (31.2% of properties).
Key Insights
- Most common availability window: 271-366 days (64.5%)
- Most common booking duration: 1-30 days (31.2%)
- Properties with high availability (180+ days): 92.9%
- Properties with long-term bookings (180+ days): 7.8%
Minimum Stay Distributions
1 Night
33 listings
28.4% of total
2 Nights
6 listings
5.2% of total
3 Nights
32 listings
27.6% of total
4-6 Nights
33 listings
28.4% of total
7-29 Nights
12 listings
10.3% of total
Key Insights
- Short stays (1-2 nights) dominate the market at 33.6%
- Mid-length stays (4-6 nights) represent 28.4% of listings
- Monthly+ stays (0%) suggest a stable extended-stay market
- High market flexibility with 61.2% 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
- Implement different minimum stays for weekends vs. weekdays
Cancellation Policy Distribution
Super Strict 60 Days
1 listings
0.9% of total
Super Strict 95 Days
1 listings
0.9% of total
Super Strict 30 Days
3 listings
2.6% of total
Flexible
13 listings
11.1% of total
Moderate
19 listings
16.2% of total
Firm
56 listings
47.9% of total
Strict
24 listings
20.5% of total
Key Insights
- Firm is the preferred policy at 47.9% of listings
- Stricter policies (Firm & Strict) dominate at 68.4% of the market
- Strong market consensus around Firm policies
- Super Strict 95 Days policies are least common at 0.9% of listings
Recommendations
- The market supports stricter policies, with 68.4% 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 Jun, Feb, May, averaging 136 days
- Shortest booking windows are in Oct, Sep, Jan, averaging 67 days
- Summer shows the longest average booking window at 118 days, while Winter has the shortest at 84 days
Recommendations
- Implement dynamic pricing strategies for Summer bookings at least 118 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 Panormos
Every property in Panormos comes standard with Wifi. Below shows the distribution of other amenities:
Traveler Demographics
Key Insights
- Domestic travelers make up 3.5% of total guests, indicating a mostly international-driven market.
- Primary international markets: Germany (25.1%) and France (24%)
- English is the top language at 52.9%, followed by German (18.9%)
- Notable demographic segment in <=1950s (Pre-1950s (Silent Gen)) at 4.2%
Recommendations
- Target marketing campaigns for England and London markets
- Develop localized content for Germany and France
- Prioritize English and German 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 Panormos. These nearby markets offer diverse opportunities for property investors and hosts:
| Market | Properties | Monthly Revenue | Daily Rate | Occupancy |
|---|---|---|---|---|
| Skaleta | 59 | $5,076 | $533.98 | 47% |
| Violi Charaki | 21 | $5,044 | $418.70 | 51% |
| Perama | 24 | $4,970 | $427.73 | 52% |
| Pithari | 16 | $4,952 | $472.08 | 52% |
| Ia Municipal Unit | 800 | $4,788 | $458.42 | 48% |
| Viranepiskopi | 10 | $4,424 | $408.51 | 54% |
| Municipality of Milopotamos | 19 | $3,815 | $344.26 | 52% |
| Tsikalaria | 10 | $3,671 | $322.69 | 53% |
| Amnatos | 10 | $3,527 | $643.92 | 45% |
| Xiro Chorio | 18 | $3,475 | $417.58 | 42% |
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