Airbnb Market Analytics, Statistics and Data in Kotor, Kotor Municipality, Montenegro
Last updated: 2025-01-31
Looking to make more money with hosting or rental arbitraging Airbnbs, short-term rentals, vacation rentals in Kotor? 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 Kotor:
How much do Airbnb hosts make on average per month in Kotor?
The short-term rental market in Kotor 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 $1,246 per month
- Strong performing properties (top 25%) make $2,083 or more
- Best-in-class properties (top 10%) achieve $3,301+ monthly
- Entry-level properties (bottom 25%) typically earn around $669
Revenue Variations by Month
Occupancy Rates Throughout the Year in Kotor
The market in Kotor 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 42% occupancy rates
- Strong performing properties (top 25%) achieve 63% or higher
- Best-in-class properties (top 10%) reach 78%+occupancy
- Entry-level properties (bottom 25%) average around 21%
Occupancy Variations by Month
Average Daily Rates Seasonal Trends in Kotor
Daily rates in Kotor 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 $89 per night
- Strong performing properties (top 25%) secure $122 or more
- Best-in-class properties (top 10%) pull in $176+ per night
- Entry-level properties (bottom 25%) earn around $65
Daily Rate Variations by Month
Get Live Kotor Market Intelligence 👇
Explore Real-time Analytics
Seasonality patterns in Kotor
Peak Season (August, July, June)
- Revenue peaks at $2741.90 per month
- Occupancy rates reach 65.90%
- Daily rates average $130.14
Shoulder Season
- Revenue averages $1615.72 per month
- Occupancy maintains 43.03%
- Daily rates hold at $112.63
Low Season (November, December, January)
- Revenue drops to $621.67 per month
- Occupancy decreases to 20.31%
- Daily rates adjust to $101.89
Is it still profitable to do Airbnb in Kotor in 2025?
Yes! Kotor demonstrates highly seasonal trends requiring strategic adaptation, featuring a growing occupancy rate of 43% and monthly revenue averaging $1616 and As a mature market with 504 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 Kotor
| Area | Why Choose This Area | Key Attractions |
|---|---|---|
| Kotor Old Town | A UNESCO World Heritage site with stunning medieval architecture and a rich history. The Old Town is a major tourist destination, attracting visitors year-round for its charm and cultural significance. | Kotor Fortress, St. Tryphon Cathedral, Kotor Maritime Museum, Piazza of the Arms, Church of St. Luke, Old City Walls |
| Tivat | A picturesque coastal town with a marina and luxury developments. Tivat attracts affluent tourists and offers a variety of waterfront activities, making it an ideal place for investment. | Porto Montenegro, Plavi Horizonti Beach, Tivat Nautical School, Pine Beach, Maritime Heritage Museum |
| Perast | A serene town famous for its stunning views and beautiful islets. Perast offers a more tranquil alternative to Kotor and is popular for day trips as well as longer stays. | Our Lady of the Rocks, St. George Island, Perast Museum, Palace Bujovic, Saint Nicholas Church |
| Dobrota | A charming village along the coast near Kotor, Dobrota features beautiful beaches and a relaxed atmosphere, appealing to families and couples. | Dobrota Beach, The Sea Gate, The Church of St. Mary, Kamp Gurdic Beach, The Old Olive Tree |
| Risan | A small town known for its ancient Roman mosaics and historic sites. Risan attracts tourists interested in history and culture. | Mosaic of the Equestrian, Roman villa, Our Lady of health Church, Risan Museum, The Bay of Kotor |
| Lepetane | A quieter coastal area with local charm, Lepetane is perfect for those searching for a peaceful getaway within reach of Kotor's attractions. | Lepetane Beach, Local taverns, Ferries to Kotor, St. Vitus Church, Beautiful coastal paths |
| Muo | A small village by the sea, Muo offers stunning views across the bay and is popular for travelers who wish to stay close to Kotor but in a quieter setting. | Muo Beach, The Bay of Kotor views, Walking paths to Kotor, Local eateries, Cultural experiences |
| Kotor Bay | The entire bay area is renowned for its dramatic landscapes, charming villages, and outdoor activities such as hiking, boating, and sightseeing. | Blue Cave, Mountain hiking trails, Boat tours, Scenic viewpoints, Kayaking in the bay |
Do you need a license for Airbnb in Kotor?
We recommend checking directly with Kotor'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 Kotor
Ultimate Penthouse
Entire Place • 4 bedrooms
4-bedroom apartment with city view
Entire Place • 4 bedrooms
The Old Town Luxury Apartment by MontenegroMoments
Entire Place • 2 bedrooms
Spacious Bright Cozy House & Parking Near Old Town
Entire Place • 8 bedrooms
Your accommodation in Kotor bays
Entire Place • 5 bedrooms
Three-Bedroom Apartment with Balcony and Sea View
Entire Place • 3 bedrooms
Top Performing Professional Hosts in Kotor
| Host Name | Properties | Grossing Revenue | Stay Reviews | Avg Rating |
|---|---|---|---|---|
| Nikola | 33 | $750,636 | 2507 | 4.67/5.0 |
| Marija | 22 | $360,965 | 1462 | 4.71/5.0 |
| Zeljko | 5 | $168,447 | 470 | 4.90/5.0 |
| Milica | 3 | $148,798 | 70 | 4.93/5.0 |
| Nikita | 5 | $135,068 | 627 | 4.92/5.0 |
| Kotor Nest | 4 | $125,961 | 55 | 4.82/5.0 |
| Darko | 3 | $125,534 | 72 | 4.95/5.0 |
| Sasa | 8 | $106,430 | 327 | 3.33/5.0 |
| Marko | 3 | $102,229 | 250 | 4.96/5.0 |
| Viktor | 8 | $91,311 | 688 | 4.77/5.0 |
Additional analytics on vacation rental, real estate, short term rental data in Kotor
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 (94.6%), with apartment & condo and house properties comprising 95.6% of inventory
- Untapped potential in boutique & hotels, others, outdoor & mobile, unique stays segments (4.4% combined)
Room Capacity Distribution
Analysis of 504 properties in Kotor shows that 1 bedroom properties are most prevalent, making up 54.2% of the market. The market tends to favor smaller properties, with 1 bedroom and 2 bedrooms together representing 75.2% of all listings.
Key Insights
- Most common: 1 bedroom (54.2%)
- Least common: 5+ bedrooms (0.8%)
- Market concentration: 75.2% in top 2 sizes
- Market skew: Favors smaller properties
Guest Capacity Distribution
Analysis of 504 properties in Kotor reveals that 2 guests properties dominate the market, representing 33.3% of all listings. The average property accommodates 3.4 guests, with a clear trend towards smaller guest capacities. Properties accommodating 2 guests and 4 guests make up 62.9% of the market.
Key Insights
- Most common capacity: 2 guests (33.3% of market)
- Least common capacity: 1 guest (0.4% of market)
- Average guest capacity: 3.4 guests per property
- Market concentration: 62.9% in top 2 capacity sizes
- Market segmentation: Predominantly smaller guest capacities
Booking and Availability Patterns
Available Days Distribution
Booked Days Distribution
Among 504 properties in Kotor, the most common availability pattern is 181-270 days (43.8% of properties). For actual bookings, properties most frequently secure bookings for 91-180 days (43.8% of properties).
Key Insights
- Most common availability window: 181-270 days (43.8%)
- Most common booking duration: 91-180 days (43.8%)
- Properties with high availability (180+ days): 81.2%
- Properties with long-term bookings (180+ days): 20.6%
Minimum Stay Distributions
1 Night
129 listings
27.3% of total
2 Nights
150 listings
31.7% of total
3 Nights
110 listings
23.3% of total
4-6 Nights
27 listings
5.7% of total
7-29 Nights
8 listings
1.7% of total
30+ Nights
49 listings
10.4% of total
Key Insights
- Short stays (1-2 nights) dominate the market at 59.0%
- Mid-length stays (4-6 nights) represent 5.7% of listings
- Monthly+ stays (10.4%) suggest a stable extended-stay market
- High market flexibility with 82.3% 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
- Consider monthly stay discounts to capture the growing extended-stay market
- Implement different minimum stays for weekends vs. weekdays
Cancellation Policy Distribution
Refundable
1 listings
0.2% of total
Super Strict 60 Days
4 listings
0.9% of total
Non-refundable
1 listings
0.2% of total
Flexible
139 listings
30.3% of total
Moderate
111 listings
24.2% of total
Firm
66 listings
14.4% of total
Strict
136 listings
29.7% of total
Key Insights
- Flexible is the preferred policy at 30.3% of listings
- The market shows a balanced distribution between guest-friendly (54.5%) and strict (44.1%) policies
- Strong market consensus around Flexible policies
- Non-refundable policies are least common at 0.2% of listings
Recommendations
- Market supports various policies - choose based on your property type and target guests
- Strong market preference for Flexible 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 67 days
- Shortest booking windows are in Jan, Feb, Dec, averaging 30 days
- Summer shows the longest average booking window at 67 days, while Winter has the shortest at 30 days
Recommendations
- Implement dynamic pricing strategies for Summer bookings at least 67 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 Kotor
Below is the distribution of amenities across listings in Kotor:
Traveler Demographics
Key Insights
- Domestic travelers make up 0.7% of total guests, indicating a mostly international-driven market.
- Primary international markets: United States (26.7%) and Türkiye (10.6%)
- English is the top language at 64.3%, followed by French (9.4%)
- Notable demographic segment in <=1950s (Pre-1950s (Silent Gen)) at 6.9%
Recommendations
- Target marketing campaigns for London and England markets
- Develop localized content for United States and Türkiye
- Prioritize English and French 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 Kotor. 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 | $295.11 | 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% |
How is your STR performing?
Your vacation rental may be amazing, but is it better than your competition? Enjoy the best-in-class AI-powered analytics for free!
Discover Insights