Airbnb Market Analytics, Statistics and Data in Akureyri, Northeastern Region, Iceland
Last updated: 2025-01-31
Looking to make more money with hosting or rental arbitraging Airbnbs, short-term rentals, vacation rentals in Akureyri? 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 Akureyri:
How much do Airbnb hosts make on average per month in Akureyri?
The short-term rental market in Akureyri 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 $3,174 per month
- Strong performing properties (top 25%) make $5,513 or more
- Best-in-class properties (top 10%) achieve $8,247+ monthly
- Entry-level properties (bottom 25%) typically earn around $1,663
Revenue Variations by Month
Occupancy Rates Throughout the Year in Akureyri
The market in Akureyri 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 41% occupancy rates
- Strong performing properties (top 25%) achieve 61% or higher
- Best-in-class properties (top 10%) reach 77%+occupancy
- Entry-level properties (bottom 25%) average around 22%
Occupancy Variations by Month
Average Daily Rates Seasonal Trends in Akureyri
Daily rates in Akureyri 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 $215 per night
- Strong performing properties (top 25%) secure $293 or more
- Best-in-class properties (top 10%) pull in $392+ per night
- Entry-level properties (bottom 25%) earn around $150
Daily Rate Variations by Month
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Seasonality patterns in Akureyri
Peak Season (August, July, June)
- Revenue peaks at $5834.04 per month
- Occupancy rates reach 64.23%
- Daily rates average $263.11
Shoulder Season
- Revenue averages $3987.12 per month
- Occupancy maintains 42.46%
- Daily rates hold at $236.71
Low Season (December, November, January)
- Revenue drops to $1524.00 per month
- Occupancy decreases to 21.68%
- Daily rates adjust to $219.66
Is it still profitable to do Airbnb in Akureyri in 2025?
Yes! Akureyri demonstrates highly seasonal trends requiring strategic adaptation, featuring a growing occupancy rate of 42% and strong monthly revenue averaging $3987 and With 207 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 Akureyri
| Area | Why Choose This Area | Key Attractions |
|---|---|---|
| Downtown Akureyri | The city center of Akureyri offers a vibrant atmosphere with shops, restaurants, and cultural attractions. It's an ideal location for travelers wanting to explore the local scene and enjoy proximity to key amenities. | Akureyri Church, Akureyri Art Museum, Listagili Park, Local cafes and shops, The Culture House, The Glerá River |
| Akureyri Botanical Garden | A beautiful green space that attracts nature lovers and families. Hosting an Airbnb here allows guests to enjoy peaceful surroundings and easy access to walking paths and gardens. | Akureyri Botanical Garden, Walking paths, Picnic areas, Various plant species, Near town center |
| Eyjafjörður Fjord | Scenic views and outdoor activities await in this area. Great for visitors looking to enjoy nature, hiking, and various adventure sports. The fjord is known for its stunning landscapes and wildlife opportunities. | Scenic hiking trails, Wildlife watching, Boat tours, Fishing spots, Beaches along the fjord |
| Hlíðarfjall | A popular ski resort area near Akureyri. Attracts winter sports enthusiasts and those looking for a winter getaway, making it an ideal investment during the ski season. | Hiking trails, Ski slopes, Mountain views, Snowboarding, Winter sports activities |
| Kjarnaskógur | A forested area perfect for outdoor activities, including hiking and biking. It’s popular among locals and tourists alike for its natural beauty and tranquil environment. | Hiking trails, Biking paths, Picnic areas, Nature walks, Scenic viewpoints |
| Saurbær | A quaint village near Akureyri known for its rural charm and proximity to nature. Ideal for travelers seeking a peaceful retreat while still being close to urban amenities. | Local farms, Rural scenery, Nature walks, Community events, Friendly village atmosphere |
| The Arctic Bowls | A unique offering for those interested in adventure sports like snowboarding and skiing. Hosts can attract thrill-seekers looking for an active holiday experience. | Snowboarding, Skiing, Adventure sports, Winter events, Scenic landscapes |
| Huginn | A lesser-known area with beautiful landscapes and outdoor opportunities. Perfect for travelers looking for a more secluded, serene experience away from the crowds while still being close to Akureyri. | Nature trails, Secluded spots, Local wildlife, Stargazing, Photography opportunities |
Do you need a license for Airbnb in Akureyri?
We recommend checking directly with Akureyri'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 Akureyri
Villa in Akureyri with a hot tub and scenic view
Entire Place • 3 bedrooms
Modern 5bdr. centrally located by the harbor
Entire Place • 5 bedrooms
Nice two bedroom downtown apartment with balcony
Entire Place • 2 bedrooms
Penthouse on the main street, town center Akureyri
Entire Place • 4 bedrooms
Modern Three-Bedroom Apartment - Acco Luxury
Entire Place • 3 bedrooms
Family Apartment with Balcony - Town Square
Entire Place • 4 bedrooms
Top Performing Professional Hosts in Akureyri
| Host Name | Properties | Grossing Revenue | Stay Reviews | Avg Rating |
|---|---|---|---|---|
| Óðinn | 13 | $968,747 | 238 | 3.89/5.0 |
| Ketill | 15 | $712,961 | 282 | 3.83/5.0 |
| Jónas | 5 | $340,952 | 100 | 4.92/5.0 |
| Aðalsteinn | 8 | $227,245 | 266 | 2.98/5.0 |
| Torg Guest House | 4 | $200,829 | 62 | 3.41/5.0 |
| Alma | 5 | $188,856 | 519 | 4.53/5.0 |
| Robert | 4 | $182,890 | 114 | 4.67/5.0 |
| Pétur Haukur | 3 | $177,318 | 2347 | 4.76/5.0 |
| Hildur | 3 | $150,352 | 477 | 4.80/5.0 |
| Andreas | 4 | $141,198 | 217 | 4.80/5.0 |
Additional analytics on vacation rental, real estate, short term rental data in Akureyri
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 (80.7%), with apartment & condo and house properties comprising 80.7% of inventory
- Strong specialty sector (18.9%) combining boutique hotels, unique stays, and outdoor accommodations indicates market maturity and premium opportunities
- Untapped potential in unique stays, others segments (1.5% combined)
Room Capacity Distribution
Analysis of 207 properties in Akureyri shows that 1 bedroom properties are most prevalent, making up 38.6% of the market. The market tends to favor smaller properties, with 1 bedroom and 2 bedrooms together representing 68.1% of all listings.
Key Insights
- Most common: 1 bedroom (38.6%)
- Least common: 5+ bedrooms (2.4%)
- Market concentration: 68.1% in top 2 sizes
- Market skew: Favors smaller properties
Guest Capacity Distribution
Analysis of 207 properties in Akureyri reveals that 4 guests properties dominate the market, representing 26.6% of all listings. The average property accommodates 4.2 guests, with a clear trend towards larger guest capacities. Properties accommodating 4 guests and 6 guests make up 49.8% of the market.
Key Insights
- Most common capacity: 4 guests (26.6% of market)
- Least common capacity: 1 guest (1% of market)
- Average guest capacity: 4.2 guests per property
- Market concentration: 49.8% in top 2 capacity sizes
- Market segmentation: Predominantly larger guest capacities
Booking and Availability Patterns
Available Days Distribution
Booked Days Distribution
Among 207 properties in Akureyri, the most common availability pattern is 271-366 days (42.5% of properties). For actual bookings, properties most frequently secure bookings for 31-90 days (32.4% of properties).
Key Insights
- Most common availability window: 271-366 days (42.5%)
- Most common booking duration: 31-90 days (32.4%)
- Properties with high availability (180+ days): 72.5%
- Properties with long-term bookings (180+ days): 29.5%
Minimum Stay Distributions
1 Night
105 listings
55.6% of total
2 Nights
58 listings
30.7% of total
3 Nights
16 listings
8.5% of total
4-6 Nights
4 listings
2.1% of total
30+ Nights
6 listings
3.2% of total
Key Insights
- Short stays (1-2 nights) dominate the market at 86.3%
- Mid-length stays (4-6 nights) represent 2.1% of listings
- Monthly+ stays (3.2%) suggest a stable extended-stay market
- High market flexibility with 94.8% 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
- Implement different minimum stays for weekends vs. weekdays
Cancellation Policy Distribution
Super Strict 30 Days
1 listings
0.5% of total
Flexible
46 listings
25.1% of total
Moderate
83 listings
45.4% of total
Firm
18 listings
9.8% of total
Strict
35 listings
19.1% of total
Key Insights
- Moderate is the preferred policy at 45.4% of listings
- Guest-friendly policies (Flexible & Moderate) dominate at 70.5% of the market
- Strong market consensus around Moderate policies
- Super Strict 30 Days policies are least common at 0.5% 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, May, averaging 120 days
- Shortest booking windows are in Feb, Jan, Nov, averaging 59 days
- Summer shows the longest average booking window at 110 days, while Fall has the shortest at 64 days
Recommendations
- Implement dynamic pricing strategies for Summer bookings at least 110 days in advance
- Consider early bird discounts during Fall to encourage longer lead times
- Focus on last-minute booking promotions during Feb-Nov when lead times are shortest
Popular Airbnb Amenities in Akureyri
Below is the distribution of amenities across listings in Akureyri:
Traveler Demographics
Key Insights
- Domestic travelers make up 5.4% of total guests, indicating a mostly international-driven market.
- Primary international markets: Germany (11.7%) and Canada (9.8%)
- English is the top language at 63.4%, followed by German (11%)
- Notable demographic segment in <=1950s (Pre-1950s (Silent Gen)) at 5.0%
Recommendations
- Target marketing campaigns for Reykjavík and New York markets
- Develop localized content for Germany and Canada
- 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 Akureyri. These nearby markets offer diverse opportunities for property investors and hosts:
| Market | Properties | Monthly Revenue | Daily Rate | Occupancy |
|---|---|---|---|---|
| Mývatn | 10 | $3,532 | $278.56 | 52% |
| Varmahlíð | 13 | $3,291 | $240.69 | 47% |
| Húsavík | 18 | $3,001 | $263.84 | 50% |
| Húsavík | 24 | $2,804 | $235.84 | 55% |
| Dalvík | 15 | $2,657 | $248.97 | 49% |
| Ólafsfjörður | 17 | $2,642 | $252.11 | 46% |
| Svalbarðseyri | 25 | $2,437 | $185.30 | 52% |
| Siglufjörður | 30 | $2,412 | $311.25 | 38% |
| Akureyrarbær | 83 | $2,278 | $237.93 | 48% |
| Laugar | 25 | $2,190 | $203.09 | 52% |
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