Airbnb Market Analytics, Statistics and Data in Borgarnes, Borgarbyggð, Iceland
Last updated: 2025-01-31
Looking to make more money with hosting or rental arbitraging Airbnbs, short-term rentals, vacation rentals in Borgarnes? 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 Borgarnes:
How much do Airbnb hosts make on average per month in Borgarnes?
The short-term rental market in Borgarnes 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 $3,207 per month
- Strong performing properties (top 25%) make $5,376 or more
- Best-in-class properties (top 10%) achieve $8,399+ monthly
- Entry-level properties (bottom 25%) typically earn around $1,804
Revenue Variations by Month
Occupancy Rates Throughout the Year in Borgarnes
The market in Borgarnes 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 51% occupancy rates
- Strong performing properties (top 25%) achieve 73% or higher
- Best-in-class properties (top 10%) reach 86%+occupancy
- Entry-level properties (bottom 25%) average around 30%
Occupancy Variations by Month
Average Daily Rates Seasonal Trends in Borgarnes
Daily rates in Borgarnes 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 $200 per night
- Strong performing properties (top 25%) secure $300 or more
- Best-in-class properties (top 10%) pull in $455+ per night
- Entry-level properties (bottom 25%) earn around $144
Daily Rate Variations by Month
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Seasonality patterns in Borgarnes
Peak Season (July, August, September)
- Revenue peaks at $6384.37 per month
- Occupancy rates reach 72.31%
- Daily rates average $283.28
Shoulder Season
- Revenue averages $4171.08 per month
- Occupancy maintains 51.05%
- Daily rates hold at $262.54
Low Season (November, April, January)
- Revenue drops to $2806.79 per month
- Occupancy decreases to 34.94%
- Daily rates adjust to $248.30
Is it still profitable to do Airbnb in Borgarnes in 2025?
Yes! Borgarnes demonstrates highly seasonal trends requiring strategic adaptation, featuring a healthy occupancy rate of 51% and strong monthly revenue averaging $4171 and The market's 110 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 Borgarnes
| Area | Why Choose This Area | Key Attractions |
|---|---|---|
| Borgarnes Center | The heart of Borgarnes with shops, cafes, and the beautiful Borgarvísir monument. A great spot for visitors to enjoy the local culture and amenities. | Borgarnes Museum, Borgarvísir, Húsafell, Grábrók volcanic crater, Glymur Waterfall, The Settlement Center |
| Reykholar | A small fishing village nearby known for its stunning natural beauty and sea views. Ideal for guests seeking tranquility and nature. | Breiðarfjörður Bay, Bird watching, Látrabjarg cliffs, Caving, Fishing excursions |
| Hraunfossar Falls | A breathtaking series of waterfalls that draw tourists from around the world. Perfect for those who love nature and hiking. | Hraunfossar Waterfalls, Barnafoss Waterfall, Snorrastofa, Museum of Snorri Sturluson, Grábrók Crater, Þingvellir National Park |
| Deildartunguhver | One of Europe’s most powerful hot springs. A unique experience for those interested in geothermal energy and natural wonders. | Deildartunguhver Hot Springs, Krauma Spa, Reykholt, Flokkar River gorge, Borgarfjörður Fjord |
| Snæfellsnes Peninsula | Known for its diverse landscapes, from lava fields to sandy beaches. A perfect destination for photography and exploration. | Kirkjufell Mountain, Snæfellsjökull National Park, Djúpalónssandur Beach, Arnarstapi cliffs, Lóndrangar Basalt Cliffs, Búðakirkja |
| Reykjavik | While not Borgarnes, Reykjavik’s proximity makes it ideal for day trips. Capital city with vibrant culture, nightlife, and dining options. | Hallgrímskirkja, Harpa Concert Hall, Reykjavik Art Museum, Sun Voyager, Laugavegur shopping street, The Blue Lagoon |
| Þingvellir National Park | A UNESCO World Heritage site that offers both historical significance and stunning landscapes. A must-see for anyone in the region. | Silfra fissure, Öxarárfoss, Þingvallavatn Lake, Almannagjá Gorge, Visitor Center, Historic Þingvellir Church |
| Snaefellsnes National Park | Known for its national park and coastal attractions, perfect for outdoor enthusiasts and nature lovers. | Búðakirkja, Snaefellsjökull Glacier, Lóndrangar Sea Stacks, Djupalonssandur Beach, Arnarstapi-Gatklettur Trail, Kirkjufell |
Do you need a license for Airbnb in Borgarnes?
We recommend checking directly with Borgarnes's local government regarding short-term rental licensing requirements. Current market data shows limited licensing information (20% of listings), making it essential to verify current regulations before starting your Airbnb business.
Top Performing Airbnb Properties in Borgarnes
Luxury House with Cozy Guesthouse for 16. Wint/Sum
Entire Place • 7 bedrooms
Two Luxury Houses for 16 Guests with HotTubs
Entire Place • 7 bedrooms
Luxury and Modern with HotTub. Summer / Winter
Entire Place • 4 bedrooms
Warm Cottage for 10 with Guest House and HotTub
Entire Place • 4 bedrooms
Art & Nature Retreat in Iceland - The Crib Rocks
Entire Place • 3 bedrooms
Cozy Cottage with HotTub. Winter / Summer Vacation
Entire Place • 3 bedrooms
Top Performing Professional Hosts in Borgarnes
| Host Name | Properties | Grossing Revenue | Stay Reviews | Avg Rating |
|---|---|---|---|---|
| Heiðrún | 6 | $836,519 | 723 | 4.96/5.0 |
| Jon Ragnar | 5 | $291,340 | 1588 | 4.90/5.0 |
| Svava | 13 | $265,198 | 355 | 3.75/5.0 |
| Miðhraun | 6 | $245,136 | 162 | 4.03/5.0 |
| Bjarni | 4 | $186,111 | 2744 | 4.95/5.0 |
| Christina | 6 | $181,489 | 23 | 2.96/5.0 |
| Steinar Berg | 10 | $178,270 | 3008 | 4.36/5.0 |
| Anna | 5 | $159,733 | 960 | 4.85/5.0 |
| Michelle | 1 | $112,912 | 142 | 4.94/5.0 |
| Team Hallkelsstadahlid | 2 | $107,581 | 557 | 4.94/5.0 |
Additional analytics on vacation rental, real estate, short term rental data in Borgarnes
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 (66.4%), with house and outdoor & mobile properties comprising 78.1% of inventory
- Strong specialty sector (36.3%) combining boutique hotels, unique stays, and outdoor accommodations indicates market maturity and premium opportunities
- Untapped potential in others segments (1.8% combined)
Room Capacity Distribution
Analysis of 110 properties in Borgarnes shows that 1 bedroom properties are most prevalent, making up 28.2% of the market. The market tends to favor smaller properties, with 1 bedroom and 2 bedrooms together representing 50.0% of all listings.
Key Insights
- Most common: 1 bedroom (28.2%)
- Least common: 5+ bedrooms (6.4%)
- Market concentration: 50.0% in top 2 sizes
- Market skew: Favors smaller properties
Guest Capacity Distribution
Analysis of 110 properties in Borgarnes reveals that 2 guests properties dominate the market, representing 20.9% of all listings. The average property accommodates 3.9 guests, with a clear trend towards larger guest capacities. Properties accommodating 2 guests and 4 guests make up 39.1% of the market.
Key Insights
- Most common capacity: 2 guests (20.9% of market)
- Least common capacity: 1 guest (2.7% of market)
- Average guest capacity: 3.9 guests per property
- Market concentration: 39.1% in top 2 capacity sizes
- Market segmentation: Predominantly larger guest capacities
Booking and Availability Patterns
Available Days Distribution
Booked Days Distribution
Among 110 properties in Borgarnes, the most common availability pattern is 181-270 days (43.6% of properties). For actual bookings, properties most frequently secure bookings for 91-180 days (45.5% of properties).
Key Insights
- Most common availability window: 181-270 days (43.6%)
- Most common booking duration: 91-180 days (45.5%)
- Properties with high availability (180+ days): 67.3%
- Properties with long-term bookings (180+ days): 34.5%
Minimum Stay Distributions
1 Night
58 listings
54.2% of total
2 Nights
27 listings
25.2% of total
3 Nights
9 listings
8.4% of total
4-6 Nights
6 listings
5.6% of total
30+ Nights
7 listings
6.5% of total
Key Insights
- Short stays (1-2 nights) dominate the market at 79.4%
- Mid-length stays (4-6 nights) represent 5.6% of listings
- Monthly+ stays (6.5%) suggest a stable extended-stay market
- High market flexibility with 87.8% 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
1% of total
Flexible
30 listings
29.4% of total
Moderate
39 listings
38.2% of total
Firm
10 listings
9.8% of total
Strict
22 listings
21.6% of total
Key Insights
- Moderate is the preferred policy at 38.2% of listings
- Guest-friendly policies (Flexible & Moderate) dominate at 67.6% of the market
- Strong market consensus around Moderate policies
- Super Strict 30 Days policies are least common at 1.0% of listings
Recommendations
- Consider starting with a Moderate policy to align with market preferences
- Strong market preference for Moderate 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, Jun, Aug, averaging 130 days
- Shortest booking windows are in Mar, Feb, Jan, averaging 67 days
- Summer shows the longest average booking window at 130 days, while Winter has the shortest at 74 days
Recommendations
- Implement dynamic pricing strategies for Summer bookings at least 130 days in advance
- Consider early bird discounts during Winter to encourage longer lead times
- Focus on last-minute booking promotions during Mar-Jan when lead times are shortest
Popular Airbnb Amenities in Borgarnes
Below is the distribution of amenities across listings in Borgarnes:
Traveler Demographics
Key Insights
- Domestic travelers make up 1.6% of total guests, indicating a mostly international-driven market.
- Primary international markets: United Kingdom (11.7%) and Germany (10.5%)
- English is the top language at 63.8%, followed by German (12.4%)
- Notable demographic segment in <=1950s (Pre-1950s (Silent Gen)) at 6.0%
Recommendations
- Target marketing campaigns for New York and London markets
- Develop localized content for United Kingdom and Germany
- 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 Borgarnes. These nearby markets offer diverse opportunities for property investors and hosts:
| Market | Properties | Monthly Revenue | Daily Rate | Occupancy |
|---|---|---|---|---|
| Kjósarhreppur | 18 | $8,936 | $532.26 | 62% |
| Reykholt | 44 | $5,203 | $319.56 | 56% |
| Ölfus | 17 | $4,936 | $257.63 | 60% |
| Grímsnes- og Grafningshreppur | 32 | $4,858 | $365.05 | 54% |
| Grímsnes | 13 | $4,482 | $394.67 | 64% |
| Hella | 111 | $4,478 | $307.89 | 51% |
| Bláskógabyggð | 31 | $4,406 | $307.09 | 52% |
| Sandgerði | 14 | $4,214 | $219.76 | 63% |
| Hveragerðisbær | 40 | $4,178 | $316.41 | 47% |
| Selfoss | 214 | $4,156 | $307.38 | 53% |
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