Airbnb Market Analytics, Statistics and Data in Silves, Faro, Portugal
Last updated: 2025-01-31
Looking to make more money with hosting or rental arbitraging Airbnbs, short-term rentals, vacation rentals in Silves? 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 Silves:
How much do Airbnb hosts make on average per month in Silves?
The short-term rental market in Silves 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 $1,756 per month
- Strong performing properties (top 25%) make $3,634 or more
- Best-in-class properties (top 10%) achieve $6,860+ monthly
- Entry-level properties (bottom 25%) typically earn around $826
Revenue Variations by Month
Occupancy Rates Throughout the Year in Silves
The market in Silves 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 39% occupancy rates
- Strong performing properties (top 25%) achieve 65% or higher
- Best-in-class properties (top 10%) reach 81%+occupancy
- Entry-level properties (bottom 25%) average around 20%
Occupancy Variations by Month
Average Daily Rates Seasonal Trends in Silves
Daily rates in Silves 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 $131 per night
- Strong performing properties (top 25%) secure $254 or more
- Best-in-class properties (top 10%) pull in $440+ per night
- Entry-level properties (bottom 25%) earn around $75
Daily Rate Variations by Month
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Seasonality patterns in Silves
Peak Season (August, July, September)
- Revenue peaks at $5365.51 per month
- Occupancy rates reach 66.51%
- Daily rates average $250.08
Shoulder Season
- Revenue averages $2958.46 per month
- Occupancy maintains 42.98%
- Daily rates hold at $213.98
Low Season (February, December, January)
- Revenue drops to $1290.59 per month
- Occupancy decreases to 27.90%
- Daily rates adjust to $192.32
Is it still profitable to do Airbnb in Silves in 2025?
Yes! Silves demonstrates highly seasonal trends requiring strategic adaptation, featuring a growing occupancy rate of 43% and strong monthly revenue averaging $2958 and The market's 172 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 Silves
| Area | Why Choose This Area | Key Attractions |
|---|---|---|
| Silves Castle | A historic medieval castle offering panoramic views of the surrounding area. Attracts history enthusiasts and tourists looking for an authentic cultural experience. | Silves Castle, Archaeological Museum, Cloister of the Convent of Nossa Senhora do Rosario, Silves Cathedral |
| Old Town Silves | Charming town center with narrow cobbled streets, featuring traditional Portuguese architecture and local shops. Ideal for visitors who appreciate local culture and hospitality. | Paderne Castle, Local taverns, Silves Municipal Market |
| Arade River | Scenic river area with opportunities for outdoor activities such as hiking and cycling. Offers a relaxing atmosphere for nature lovers and adventure seekers. | Arade River Boardwalk, Water sports activities, Natural parks nearby |
| Praia de Nossa Senhora da Rocha | Beautiful beach known for its stunning cliffs and crystal-clear waters. Perfect for vacationers seeking sun and relaxation. | Beach bars, Water sports, Cliff walks |
| Cerro da Águia | Vibrant area near the beach with rental properties popular among tourists. Great for those looking to enjoy a beach lifestyle while still being close to local amenities. | Cliff-top views, Local restaurants, Beach access |
| Albufeira | A nearby bustling city known for its nightlife and beaches. Attracts younger crowds looking to party and enjoy the beach scene. | Partying at Albufeira Strip, Praia da Oura, Local markets |
| Odelouca Dam | A lesser-known gem that offers tranquility and outdoor activities. Ideal for guests looking for a peaceful retreat in nature. | Hiking and nature trails, Bird watching, Picnic spots |
| Pêra | A quaint village with a local market feel, known for its proximity to attractions while providing a peaceful retreat from busier areas. | Local village market, Nearby water parks, Traditional cuisine |
Do you need a license for Airbnb in Silves?
Yes, Silves requires a license for operating an Airbnb. Current market data shows 68% of active listings maintain proper licensing, confirming this requirement. Getting licensed is an essential first step before listing your property.
Top Performing Airbnb Properties in Silves
Suites in luxury villa with pool and tennis court
Entire Place • 6 bedrooms
Vila Dria: Luxury in the best part of the Algarve
Entire Place • 5 bedrooms
Belo Horizonte
Entire Place • 9 bedrooms
Villa Cegonha - Private swimming pool and playground.
Entire Place • 5 bedrooms
Quinta Vale de Vila - Amazing countryside villa!
Entire Place • 6 bedrooms
Casa das Amendoeiras Silves
Entire Place • 5 bedrooms
Top Performing Professional Hosts in Silves
| Host Name | Properties | Grossing Revenue | Stay Reviews | Avg Rating |
|---|---|---|---|---|
| Philippa And Paul | 2 | $214,087 | 96 | 4.98/5.0 |
| Marta | 2 | $168,518 | 28 | 4.97/5.0 |
| Miguel | 3 | $145,728 | 119 | 4.95/5.0 |
| Carl & Karin | 1 | $140,032 | 54 | 4.98/5.0 |
| Sundayfind | 2 | $130,547 | 69 | 4.75/5.0 |
| DreamPlaces -Holiday Rentals | 1 | $122,399 | 29 | 4.55/5.0 |
| Matthijs | 3 | $118,165 | 12 | 1.64/5.0 |
| Tom | 2 | $112,578 | 32 | 4.91/5.0 |
| Silvia | 1 | $103,425 | 20 | 5.00/5.0 |
| Alexandra | 4 | $97,554 | 102 | 4.75/5.0 |
Additional analytics on vacation rental, real estate, short term rental data in Silves
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 (83.1%), with house and boutique & hotels properties comprising 81.4% of inventory
- Strong specialty sector (23.3%) combining boutique hotels, unique stays, and outdoor accommodations indicates market maturity and premium opportunities
- Untapped potential in others, unique stays segments (2.3% combined)
Room Capacity Distribution
Analysis of 172 properties in Silves shows that 1 bedroom properties are most prevalent, making up 33.1% of the market. The market tends to favor smaller properties, with 1 bedroom and 2 bedrooms together representing 53.5% of all listings.
Key Insights
- Most common: 1 bedroom (33.1%)
- Least common: 4 bedrooms (9.3%)
- Market concentration: 53.5% in top 2 sizes
- Market skew: Favors smaller properties
Guest Capacity Distribution
Analysis of 172 properties in Silves reveals that 8+ guests properties dominate the market, representing 29.7% of all listings. The average property accommodates 4.7 guests, with a clear trend towards larger guest capacities. Properties accommodating 8+ guests and 2 guests make up 56.4% of the market.
Key Insights
- Most common capacity: 8+ guests (29.7% of market)
- Least common capacity: 7 guests (0.6% of market)
- Average guest capacity: 4.7 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 172 properties in Silves, the most common availability pattern is 271-366 days (51.2% of properties). For actual bookings, properties most frequently secure bookings for 31-90 days (29.1% of properties).
Key Insights
- Most common availability window: 271-366 days (51.2%)
- Most common booking duration: 31-90 days (29.1%)
- Properties with high availability (180+ days): 77.3%
- Properties with long-term bookings (180+ days): 24.4%
Minimum Stay Distributions
1 Night
19 listings
12.9% of total
2 Nights
20 listings
13.6% of total
3 Nights
40 listings
27.2% of total
4-6 Nights
48 listings
32.7% of total
7-29 Nights
14 listings
9.5% of total
30+ Nights
6 listings
4.1% of total
Key Insights
- Short stays (1-2 nights) dominate the market at 26.5%
- Mid-length stays (4-6 nights) represent 32.7% of listings
- Monthly+ stays (4.1%) suggest a stable extended-stay market
- High market flexibility with 53.7% 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
3 listings
2.1% of total
Flexible
20 listings
13.7% of total
Moderate
30 listings
20.5% of total
Firm
27 listings
18.5% of total
Strict
66 listings
45.2% of total
Key Insights
- Strict is the preferred policy at 45.2% of listings
- Stricter policies (Firm & Strict) dominate at 63.7% of the market
- Strong market consensus around Strict policies
- Super Strict 30 Days policies are least common at 2.1% of listings
Recommendations
- The market supports stricter policies, with 63.7% 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, Jun, Aug, averaging 117 days
- Shortest booking windows are in Feb, Dec, Jan, averaging 69 days
- Summer shows the longest average booking window at 117 days, while Winter has the shortest at 69 days
Recommendations
- Implement dynamic pricing strategies for Summer bookings at least 117 days in advance
- Consider early bird discounts during Winter to encourage longer lead times
- Focus on last-minute booking promotions during Feb-Jan when lead times are shortest
Popular Airbnb Amenities in Silves
Below is the distribution of amenities across listings in Silves:
Traveler Demographics
Key Insights
- Domestic travelers make up 6.6% of total guests, indicating a mostly international-driven market.
- Primary international markets: United Kingdom (22.8%) and Germany (21.2%)
- English is the top language at 47.1%, followed by French (21%)
- Notable demographic segment in <=1950s (Pre-1950s (Silent Gen)) at 6.3%
Recommendations
- Target marketing campaigns for England and London markets
- Develop localized content for United Kingdom and Germany
- 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 Silves. These nearby markets offer diverse opportunities for property investors and hosts:
| Market | Properties | Monthly Revenue | Daily Rate | Occupancy |
|---|---|---|---|---|
| Comporta | 124 | $3,769 | $482.75 | 41% |
| Albufeira | 4,942 | $2,886 | $309.49 | 46% |
| Lisbon | 11,949 | $2,612 | $158.75 | 58% |
| Grândola | 364 | $2,562 | $385.01 | 35% |
| Ferragudo | 194 | $2,544 | $270.54 | 47% |
| Lagoa e Carvoeiro | 1,045 | $2,476 | $252.37 | 49% |
| Cascais | 1,613 | $2,421 | $203.30 | 49% |
| Seixal | 195 | $2,378 | $206.44 | 47% |
| Loulé | 2,754 | $2,367 | $282.79 | 43% |
| São Brás de Alportel | 112 | $2,330 | $250.10 | 43% |
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