Airbnb Market Analytics, Statistics and Data in Budva, Budva Municipality, Montenegro
Last updated: 2025-01-31
Looking to make more money with hosting or rental arbitraging Airbnbs, short-term rentals, vacation rentals in Budva? 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 Budva:
How much do Airbnb hosts make on average per month in Budva?
The short-term rental market in Budva 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 $822 per month
- Strong performing properties (top 25%) make $1,579 or more
- Best-in-class properties (top 10%) achieve $2,766+ monthly
- Entry-level properties (bottom 25%) typically earn around $370
Revenue Variations by Month
Occupancy Rates Throughout the Year in Budva
The market in Budva 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 33% occupancy rates
- Strong performing properties (top 25%) achieve 57% or higher
- Best-in-class properties (top 10%) reach 76%+occupancy
- Entry-level properties (bottom 25%) average around 14%
Occupancy Variations by Month
Average Daily Rates Seasonal Trends in Budva
Daily rates in Budva 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 $71 per night
- Strong performing properties (top 25%) secure $107 or more
- Best-in-class properties (top 10%) pull in $163+ per night
- Entry-level properties (bottom 25%) earn around $50
Daily Rate Variations by Month
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Seasonality patterns in Budva
Peak Season (August, July, June)
- Revenue peaks at $2093.18 per month
- Occupancy rates reach 55.98%
- Daily rates average $109.17
Shoulder Season
- Revenue averages $1246.70 per month
- Occupancy maintains 37.55%
- Daily rates hold at $94.18
Low Season (November, December, January)
- Revenue drops to $506.18 per month
- Occupancy decreases to 20.07%
- Daily rates adjust to $83.14
Is it still profitable to do Airbnb in Budva in 2025?
Yes! Budva demonstrates highly seasonal trends requiring strategic adaptation, featuring a growing occupancy rate of 38% and monthly revenue averaging $1247 and As a mature market with 1429 active listings, there's strong demand despite the competition. 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 Budva
| Area | Why Choose This Area | Key Attractions |
|---|---|---|
| Budva Old Town | A historical gem with medieval architecture, narrow streets, and a vibrant atmosphere. It's a prime location for tourists looking for a cultural experience and proximity to the beach. | Citadel of Budva, St. Mary's Church, Ballet School, Budva City Walls, Pizana Beach |
| Sveti Stefan | An iconic islet and luxury resort known for its stunning views and opulence. Popular among high-end travelers seeking exclusivity and beautiful scenery. | Sveti Stefan Beach, Milocer Park, Queen’s Beach, Restaurant Aman |
| Mogren Beach | A beautiful sandy beach just a short walk from the Old Town, attracting sunbathers and water sports enthusiasts. Excellent for those looking to relax by the sea. | Mogren Beach 1, Mogren Beach 2, Budva Marina |
| Slovenska Plaža | A bustling promenade area with numerous bars, cafes, and water sports. Great for families and younger crowds who want beach access and entertainment. | Slovenska Plaža Beach, Local restaurants, Summer festivals |
| Becici | A quieter beach area known for its family-friendly atmosphere and beautiful sandy stretches. Ideal for families looking for a serene vacation. | Becici Beach, The Becici Monastery, Water sports activities |
| Kamenovo Beach | A more secluded beach with crystal clear waters, perfect for those seeking peace and relaxation away from the crowds. | Kamenovo Beach, Beach bars, Scenic trails |
| Dukley Marina | A luxurious area that primarily caters to yachts and high-end clientele. Ideal for upscale visitors looking for exclusive experiences and stunning views. | Luxury yachts, Fine dining, Scenic views |
| Jaz Beach | One of the largest beaches in the region, known for its vibrant beach parties and events. Attracts younger crowds and party-goers. | Jaz Festival, Jaz Beach clubs, Water sports stations |
Do you need a license for Airbnb in Budva?
We recommend checking directly with Budva's local government regarding short-term rental licensing requirements. Current market data shows limited licensing information (0% of listings), making it essential to verify current regulations before starting your Airbnb business.
Top Performing Airbnb Properties in Budva
Viewpoint Villa
Entire Place • 7 bedrooms
BEST VIEW 4-bdr aprt with swimming pool and roof
Entire Place • 4 bedrooms
Penthouse see view with pool on terrace!
Entire Place • 2 bedrooms
Serenity Blue-Rooftop Two bedroom Apartment
Entire Place • 2 bedrooms
Spacious brand new two bedroom apartment
Entire Place • 2 bedrooms
Villa Serenity Budva
Entire Place • 3 bedrooms
Top Performing Professional Hosts in Budva
| Host Name | Properties | Grossing Revenue | Stay Reviews | Avg Rating |
|---|---|---|---|---|
| Ksenia | 15 | $416,696 | 368 | 4.14/5.0 |
| Bozidar | 14 | $302,432 | 562 | 4.69/5.0 |
| Jelena | 7 | $221,342 | 434 | 4.84/5.0 |
| Mirko | 8 | $206,998 | 574 | 4.65/5.0 |
| Aleksandar | 15 | $177,149 | 2099 | 4.81/5.0 |
| Ali | 7 | $170,282 | 174 | 4.79/5.0 |
| Jelena | 12 | $167,248 | 886 | 4.48/5.0 |
| Saly | 6 | $165,270 | 187 | 4.82/5.0 |
| Şivan | 6 | $162,906 | 75 | 4.11/5.0 |
| Goran | 16 | $151,792 | 243 | 3.12/5.0 |
Additional analytics on vacation rental, real estate, short term rental data in Budva
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 (91%), with apartment & condo and house properties comprising 96.6% of inventory
- Untapped potential in others, boutique & hotels, outdoor & mobile segments (3.3% combined)
Room Capacity Distribution
Analysis of 1,429 properties in Budva shows that 1 bedroom properties are most prevalent, making up 59.9% of the market. The market tends to favor smaller properties, with 1 bedroom and 2 bedrooms together representing 77.7% of all listings.
Key Insights
- Most common: 1 bedroom (59.9%)
- Least common: 5+ bedrooms (0.8%)
- Market concentration: 77.7% in top 2 sizes
- Market skew: Favors smaller properties
Guest Capacity Distribution
Analysis of 1,429 properties in Budva reveals that 4 guests properties dominate the market, representing 34% of all listings. The average property accommodates 3.5 guests, with a clear trend towards larger guest capacities. Properties accommodating 4 guests and 2 guests make up 56.4% of the market.
Key Insights
- Most common capacity: 4 guests (34% of market)
- Least common capacity: 1 guest (0.4% of market)
- Average guest capacity: 3.5 guests per property
- Market concentration: 56.4% in top 2 capacity sizes
- Market segmentation: Predominantly larger guest capacities
Booking and Availability Patterns
Available Days Distribution
Booked Days Distribution
Among 1,429 properties in Budva, the most common availability pattern is 271-366 days (64.5% of properties). For actual bookings, properties most frequently secure bookings for 31-90 days (34.3% of properties).
Key Insights
- Most common availability window: 271-366 days (64.5%)
- Most common booking duration: 31-90 days (34.3%)
- Properties with high availability (180+ days): 90.1%
- Properties with long-term bookings (180+ days): 11.1%
Minimum Stay Distributions
1 Night
245 listings
19.3% of total
2 Nights
273 listings
21.5% of total
3 Nights
372 listings
29.2% of total
4-6 Nights
230 listings
18.1% of total
7-29 Nights
98 listings
7.7% of total
30+ Nights
54 listings
4.2% of total
Key Insights
- Short stays (1-2 nights) dominate the market at 40.8%
- Mid-length stays (4-6 nights) represent 18.1% of listings
- Monthly+ stays (4.2%) suggest a stable extended-stay market
- High market flexibility with 70.0% 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
5 listings
0.4% of total
Flexible
196 listings
17.6% of total
Moderate
179 listings
16% of total
Firm
175 listings
15.7% of total
Strict
561 listings
50.3% of total
Key Insights
- Strict is the preferred policy at 50.3% of listings
- Stricter policies (Firm & Strict) dominate at 66.0% of the market
- Strong market consensus around Strict policies
- Super Strict 60 Days policies are least common at 0.4% of listings
Recommendations
- The market supports stricter policies, with 66.0% using Firm or Strict terms
- Strong market preference for Strict policies suggests this should be your baseline
Booking Lead Time Trends
Key Insights
- Peak booking lead times occur in Jul, Aug, Jun, averaging 61 days
- Shortest booking windows are in Jan, Feb, Dec, averaging 29 days
- Summer shows the longest average booking window at 61 days, while Winter has the shortest at 29 days
Recommendations
- Implement dynamic pricing strategies for Summer bookings at least 61 days in advance
- Consider early bird discounts during Winter to encourage longer lead times
- Focus on last-minute booking promotions during Jan-Dec when lead times are shortest
Popular Airbnb Amenities in Budva
Below is the distribution of amenities across listings in Budva:
Traveler Demographics
Key Insights
- Domestic travelers make up 1.2% of total guests, indicating a mostly international-driven market.
- Primary international markets: Türkiye (23.9%) and United States (15.5%)
- English is the top language at 60%, followed by Turkish (13.4%)
- Notable demographic segment in <=1950s (Pre-1950s (Silent Gen)) at 8.4%
Recommendations
- Target marketing campaigns for İstanbul and London markets
- Develop localized content for Türkiye and United States
- Prioritize English and Turkish 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 Budva. These nearby markets offer diverse opportunities for property investors and hosts:
| Market | Properties | Monthly Revenue | Daily Rate | Occupancy |
|---|---|---|---|---|
| Majkovi | 19 | $2,694 | $331.76 | 43% |
| Lapčići | 10 | $2,679 | $295.12 | 44% |
| Ledenice | 10 | $2,651 | $396.08 | 42% |
| Močići | 29 | $2,404 | $262.00 | 43% |
| Grubine | 28 | $2,373 | $367.59 | 42% |
| Zavrelje | 23 | $2,253 | $436.29 | 55% |
| Zmijavci | 28 | $2,136 | $481.29 | 38% |
| Čilipi | 34 | $2,065 | $223.93 | 49% |
| Popovići | 11 | $1,992 | $267.07 | 43% |
| Dubrovnik | 4,977 | $1,990 | $198.90 | 52% |
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