Airbnb Market Analytics, Statistics and Data in Reykjanesbær, Southern Peninsula, Iceland
Last updated: 2025-01-31
Looking to make more money with hosting or rental arbitraging Airbnbs, short-term rentals, vacation rentals in Reykjanesbær? 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 Reykjanesbær:
How much do Airbnb hosts make on average per month in Reykjanesbær?
The short-term rental market in Reykjanesbær 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 $2,884 per month
- Strong performing properties (top 25%) make $4,617 or more
- Best-in-class properties (top 10%) achieve $6,821+ monthly
- Entry-level properties (bottom 25%) typically earn around $1,552
Revenue Variations by Month
Occupancy Rates Throughout the Year in Reykjanesbær
The market in Reykjanesbær 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 48% occupancy rates
- Strong performing properties (top 25%) achieve 69% or higher
- Best-in-class properties (top 10%) reach 84%+occupancy
- Entry-level properties (bottom 25%) average around 23%
Occupancy Variations by Month
Average Daily Rates Seasonal Trends in Reykjanesbær
Daily rates in Reykjanesbær 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 $170 per night
- Strong performing properties (top 25%) secure $252 or more
- Best-in-class properties (top 10%) pull in $354+ per night
- Entry-level properties (bottom 25%) earn around $117
Daily Rate Variations by Month
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Seasonality patterns in Reykjanesbær
Peak Season (August, July, September)
- Revenue peaks at $5244.80 per month
- Occupancy rates reach 69.62%
- Daily rates average $237.64
Shoulder Season
- Revenue averages $3546.57 per month
- Occupancy maintains 47.43%
- Daily rates hold at $215.30
Low Season (February, December, January)
- Revenue drops to $1945.90 per month
- Occupancy decreases to 30.73%
- Daily rates adjust to $204.38
Is it still profitable to do Airbnb in Reykjanesbær in 2025?
Yes! Reykjanesbær demonstrates highly seasonal trends requiring strategic adaptation, featuring a healthy occupancy rate of 47% and strong monthly revenue averaging $3547 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 Reykjanesbær
| Area | Why Choose This Area | Key Attractions |
|---|---|---|
| Reykjavik Peninsula | A vibrant area close to the capital, offering a unique blend of nature and city life. Ideal for tourists who want to explore both the urban charm and the stunning landscapes of Iceland. | Blue Lagoon, Reykjavik city center, Silfra Fissure, Krýsuvík geothermal area, Bridge Between Continents |
| Keflavik | Home to Iceland's main airport, Keflavik is convenient for travelers arriving in and out of the country. It has a growing tourist infrastructure ideal for short stays. | Keflavik Airport, Reykjanes Lighthouse, Giantess in the sweater, The Viking Museum |
| Grindavik | A charming fishing village located near the famous Blue Lagoon and great hiking trails. Perfect for nature lovers and tourists seeking relaxation. | Blue Lagoon, Reykjanes Geothermal Area, Lake Kleifarvatn, Valahnúkur Mountain |
| Lake Kleifarvatn | Known for its stunning natural beauty, this area is popular among outdoor enthusiasts and offers great hiking opportunities. | Kleifarvatn Lake, Geothermal hot springs, Hiking trails, Bird watching |
| Svartsengi | Famous for its geothermal energy and the nearby Blue Lagoon spa, a wonderful area attracting those looking for wellness and relaxation. | Svartsengi geothermal power station, Blue Lagoon, Geothermal spas |
| Vogar | Quaint town located between Keflavik and Reykjavik, offering a peaceful atmosphere and accessibility to the capital and surrounding attractions. | Vogar's Nature Reserve, Local museums, Walking trails |
| Sandgerði | A seaside town offering a mix of outdoor activities and cultural experiences. Popular with those wanting to experience local life. | Sandgerði Harbor, Fishing villages, Walking paths along the coast |
| Hafnarfjörður | A town famous for its Viking history and cultural festivals. Offers a unique blend of beaches, rocky landscape, and an artistic community. | Hafnarfjörður Viking Festival, Hellisgerði Park, Hafnarborg Centre of Culture and Fine Art |
Do you need a license for Airbnb in Reykjanesbær?
We recommend checking directly with Reykjanesbær's local government regarding short-term rental licensing requirements. Current market data shows limited licensing information (17% of listings), making it essential to verify current regulations before starting your Airbnb business.
Top Performing Airbnb Properties in Reykjanesbær
Maximilian
Entire Place • 3 bedrooms
Smart Luxury - Private Gym, Hot Tub & Sauna
Entire Place • 3 bedrooms
Ghost Town Guest House 10 min from Airport
Entire Place • 3 bedrooms
Cozy Downtown Keflavík Apartment - 5min to airport
Entire Place • 2 bedrooms
Cozy 3 bedroom house near the Blue lagoon
Entire Place • 3 bedrooms
Deluxe Downtown KEF apartment - 5min to Airport
Entire Place • 2 bedrooms
Top Performing Professional Hosts in Reykjanesbær
| Host Name | Properties | Grossing Revenue | Stay Reviews | Avg Rating |
|---|---|---|---|---|
| Halldor | 4 | $215,200 | 642 | 4.87/5.0 |
| Arnór | 2 | $189,119 | 20 | 2.50/5.0 |
| Marzena | 1 | $179,477 | 60 | 4.90/5.0 |
| Magnús | 2 | $178,588 | 209 | 4.81/5.0 |
| Reynir Og Ingibjörg | 6 | $151,689 | 218 | 4.81/5.0 |
| Johann And Karen | 4 | $131,489 | 3430 | 4.90/5.0 |
| Steinthora Eir | 2 | $108,114 | 206 | 4.93/5.0 |
| Björgvin Einar | 4 | $106,336 | 381 | 4.45/5.0 |
| Lilja Karen | 8 | $105,273 | 55 | 4.04/5.0 |
| Hjördís Anna | 3 | $99,633 | 118 | 4.83/5.0 |
Additional analytics on vacation rental, real estate, short term rental data in Reykjanesbær
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 (62.7%), with apartment & condo and house properties comprising 68.2% of inventory
- Strong specialty sector (27.3%) combining boutique hotels, unique stays, and outdoor accommodations indicates market maturity and premium opportunities
- Untapped potential in others segments (4.5% combined)
Room Capacity Distribution
Analysis of 110 properties in Reykjanesbær shows that 1 bedroom properties are most prevalent, making up 49.1% of the market. The market tends to favor smaller properties, with 1 bedroom and 2 bedrooms together representing 69.1% of all listings.
Key Insights
- Most common: 1 bedroom (49.1%)
- Least common: 5+ bedrooms (1.8%)
- Market concentration: 69.1% in top 2 sizes
- Market skew: Favors smaller properties
Guest Capacity Distribution
Analysis of 110 properties in Reykjanesbær reveals that 2 guests properties dominate the market, representing 37.3% of all listings. The average property accommodates 3.0 guests, with a clear trend towards smaller guest capacities. Properties accommodating 2 guests and 4 guests make up 54.5% of the market.
Key Insights
- Most common capacity: 2 guests (37.3% of market)
- Least common capacity: 1 guest (2.7% of market)
- Average guest capacity: 3.0 guests per property
- Market concentration: 54.5% in top 2 capacity sizes
- Market segmentation: Predominantly smaller guest capacities
Booking and Availability Patterns
Available Days Distribution
Booked Days Distribution
Among 110 properties in Reykjanesbær, the most common availability pattern is 271-366 days (30.9% of properties). For actual bookings, properties most frequently secure bookings for 181-270 days (30.9% of properties).
Key Insights
- Most common availability window: 271-366 days (30.9%)
- Most common booking duration: 181-270 days (30.9%)
- Properties with high availability (180+ days): 59.1%
- Properties with long-term bookings (180+ days): 41.8%
Minimum Stay Distributions
1 Night
83 listings
79.8% of total
2 Nights
10 listings
9.6% of total
3 Nights
3 listings
2.9% of total
4-6 Nights
5 listings
4.8% of total
30+ Nights
3 listings
2.9% of total
Key Insights
- Short stays (1-2 nights) dominate the market at 89.4%
- Mid-length stays (4-6 nights) represent 4.8% of listings
- Monthly+ stays (2.9%) suggest a stable extended-stay market
- High market flexibility with 92.3% 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
Flexible
51 listings
51.5% of total
Moderate
35 listings
35.4% of total
Firm
10 listings
10.1% of total
Strict
3 listings
3% of total
Key Insights
- Flexible is the preferred policy at 51.5% of listings
- Guest-friendly policies (Flexible & Moderate) dominate at 86.9% of the market
- Strong market consensus around Flexible policies
- Strict policies are least common at 3.0% 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
- Strict policies are rare - carefully consider the impact on bookings before implementing
Booking Lead Time Trends
Key Insights
- Peak booking lead times occur in Jul, May, Jun, averaging 98 days
- Shortest booking windows are in Feb, Jan, Nov, averaging 57 days
- Summer shows the longest average booking window at 91 days, while Winter has the shortest at 61 days
Recommendations
- Implement dynamic pricing strategies for Summer bookings at least 91 days in advance
- Consider early bird discounts during Winter to encourage longer lead times
- Focus on last-minute booking promotions during Feb-Nov when lead times are shortest
Popular Airbnb Amenities in Reykjanesbær
Below is the distribution of amenities across listings in Reykjanesbær:
Traveler Demographics
Key Insights
- Domestic travelers make up 0.7% of total guests, indicating a mostly international-driven market.
- Primary international markets: Germany (11%) and United Kingdom (10.9%)
- English is the top language at 63.6%, followed by Spanish (11.2%)
- Notable demographic segment in <=1950s (Pre-1950s (Silent Gen)) at 5.9%
Recommendations
- Target marketing campaigns for London and New York markets
- Develop localized content for Germany and United Kingdom
- Prioritize English and Spanish 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 Reykjanesbær. 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% |
| Ölfus | 17 | $4,936 | $257.63 | 60% |
| Hellissandur | 14 | $4,697 | $331.19 | 54% |
| Arnarstapi | 11 | $4,423 | $302.93 | 56% |
| Sandgerði | 14 | $4,214 | $219.76 | 63% |
| Hveragerðisbær | 40 | $4,178 | $316.41 | 47% |
| Akranes | 23 | $4,075 | $257.44 | 54% |
| Grundarfjarðarbær | 56 | $3,969 | $241.12 | 56% |
| Borgarnes | 110 | $3,433 | $264.57 | 52% |
| Snæfellsbær | 10 | $3,428 | $336.84 | 51% |
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