Airbnb Market Analytics, Statistics and Data in Changwon-si, South Gyeongsang, South Korea
Last updated: 2025-01-31
Looking to make more money with hosting or rental arbitraging Airbnbs, short-term rentals, vacation rentals in Changwon-si? 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 Changwon-si:
How much do Airbnb hosts make on average per month in Changwon-si?
The short-term rental market in Changwon-si 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 $691 per month
- Strong performing properties (top 25%) make $1,090 or more
- Best-in-class properties (top 10%) achieve $1,617+ monthly
- Entry-level properties (bottom 25%) typically earn around $298
Revenue Variations by Month
Occupancy Rates Throughout the Year in Changwon-si
The market in Changwon-si 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 30% occupancy rates
- Strong performing properties (top 25%) achieve 60% or higher
- Best-in-class properties (top 10%) reach 81%+occupancy
- Entry-level properties (bottom 25%) average around 14%
Occupancy Variations by Month
Average Daily Rates Seasonal Trends in Changwon-si
Daily rates in Changwon-si 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 $46 per night
- Strong performing properties (top 25%) secure $77 or more
- Best-in-class properties (top 10%) pull in $130+ per night
- Entry-level properties (bottom 25%) earn around $35
Daily Rate Variations by Month
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Seasonality patterns in Changwon-si
Peak Season (June, May, March)
- Revenue peaks at $1114.91 per month
- Occupancy rates reach 44.73%
- Daily rates average $77.13
Shoulder Season
- Revenue averages $837.63 per month
- Occupancy maintains 37.46%
- Daily rates hold at $69.86
Low Season (September, January, December)
- Revenue drops to $592.87 per month
- Occupancy decreases to 31.13%
- Daily rates adjust to $63.15
Is it still profitable to do Airbnb in Changwon-si in 2025?
Yes! Changwon-si demonstrates highly seasonal trends requiring strategic adaptation, featuring a growing occupancy rate of 37% and monthly revenue averaging $838 and The market's 173 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 Changwon-si
| Area | Why Choose This Area | Key Attractions |
|---|---|---|
| Jinhae | Famous for its cherry blossom festival, Jinhae is a popular destination for tourists in the spring, making it an ideal location for Airbnb hosts looking to attract visitors during peak seasons. | Jinhae Cherry Blossom Festival, Yeojwacheon Stream, Jinhae Naval Port, Gyeonghwa Station, Jinhae Military Museum |
| Changwon City Center | The bustling heart of Changwon with shopping, dining, and entertainment options. Perfect for business travelers and visitors exploring the city. | Changwon City Hall, Shinsegae Department Store, Changwon Medical Center, Changwon Dongpyeong Market |
| Changwon Marine Park | A serene location ideal for nature lovers, near the coast with beautiful views and outdoor activities, attracting families and tourists who appreciate the outdoors. | Changwon Marine Park, Sungyugok Water Park, Hallyeohaesang National Park, walking trails along the coast |
| Masan | A vibrant port city historically known for fishing and seafood. Attracts culinary tourists and families, especially with its rich culture and local cuisine. | Masan Fish Market, Masan Maritime Park, Masan Bay, Masan Gyeonghwa Market |
| Seongsan Shell Mound | A historical and archaeological site that attracts visitors interested in history and culture, making it a unique location for Airbnb hosting. | Seongsan Shell Mound, Changwon National Museum, Gonggoji Mountain |
| Bonghwa | A quieter area with a community feel, popular for its natural beauty and hiking trails, appealing to tourists looking for a peaceful retreat. | Bonghwa Mountain, Bonghwa Lake, local temples and cultural sites |
| Namsan Park | Offering stunning views of the city and plenty of green space, this area is ideal for those wanting to experience nature within the city, popular with leisure travelers. | Namsan Park trails, Bokbul Bogung, Changwon Observatory |
| Gyeongnam Provincial Museum | Cultural enthusiasts visit this museum and surrounding areas, which promotes local heritage and history—great for culture-focused Airbnb guests. | Gyeongnam Provincial Museum, local art galleries, cultural festivals |
Do you need a license for Airbnb in Changwon-si?
We recommend checking directly with Changwon-si's local government regarding short-term rental licensing requirements. Current market data shows limited licensing information (1% of listings), making it essential to verify current regulations before starting your Airbnb business.
Top Performing Airbnb Properties in Changwon-si
Stella's Garden
Entire Place • 3 bedrooms
Star of the Sea (Stella House)
Entire Place • 4 bedrooms
Stay 3.6 is a step away from everyday life
Entire Place • 3 bedrooms
Pine Earth House Bed & Breakfast
Entire Place • 1 bedroom
Party room with papledirchine window
Entire Place • 2 bedrooms
Grand House
Entire Place • 3 bedrooms
Top Performing Professional Hosts in Changwon-si
Additional analytics on vacation rental, real estate, short term rental data in Changwon-si
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 (64.2%), with boutique & hotels and house properties comprising 67.6% of inventory
- Strong specialty sector (36.4%) combining boutique hotels, unique stays, and outdoor accommodations indicates market maturity and premium opportunities
- Untapped potential in others, outdoor & mobile segments (3.5% combined)
Room Capacity Distribution
Analysis of 173 properties in Changwon-si shows that 1 bedroom properties are most prevalent, making up 64.2% of the market. The market tends to favor smaller properties, with 1 bedroom and 2 bedrooms together representing 78.0% of all listings.
Key Insights
- Most common: 1 bedroom (64.2%)
- Least common: 5+ bedrooms (0.6%)
- Market concentration: 78.0% in top 2 sizes
- Market skew: Favors smaller properties
Guest Capacity Distribution
Analysis of 173 properties in Changwon-si reveals that 2 guests properties dominate the market, representing 37% of all listings. The average property accommodates 3.2 guests, with a clear trend towards smaller guest capacities. Properties accommodating 2 guests and 4 guests make up 52.0% of the market.
Key Insights
- Most common capacity: 2 guests (37% of market)
- Least common capacity: 1 guest (5.8% of market)
- Average guest capacity: 3.2 guests per property
- Market concentration: 52.0% in top 2 capacity sizes
- Market segmentation: Predominantly smaller guest capacities
Booking and Availability Patterns
Available Days Distribution
Booked Days Distribution
Among 173 properties in Changwon-si, the most common availability pattern is 271-366 days (53.2% of properties). For actual bookings, properties most frequently secure bookings for 31-90 days (29.5% of properties).
Key Insights
- Most common availability window: 271-366 days (53.2%)
- Most common booking duration: 31-90 days (29.5%)
- Properties with high availability (180+ days): 70.5%
- Properties with long-term bookings (180+ days): 30.6%
Minimum Stay Distributions
1 Night
125 listings
81.2% of total
2 Nights
11 listings
7.1% of total
3 Nights
5 listings
3.2% of total
4-6 Nights
5 listings
3.2% of total
7-29 Nights
3 listings
1.9% of total
30+ Nights
5 listings
3.2% of total
Key Insights
- Short stays (1-2 nights) dominate the market at 88.3%
- Mid-length stays (4-6 nights) represent 3.2% of listings
- Monthly+ stays (3.2%) suggest a stable extended-stay market
- High market flexibility with 91.5% 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
23 listings
18.5% of total
Moderate
65 listings
52.4% of total
Firm
18 listings
14.5% of total
Strict
18 listings
14.5% of total
Key Insights
- Moderate is the preferred policy at 52.4% of listings
- Guest-friendly policies (Flexible & Moderate) dominate at 70.9% of the market
- Strong market consensus around Moderate policies
- Strict policies are least common at 14.5% 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 Apr, Aug, Mar, averaging 33 days
- Shortest booking windows are in Nov, Sep, Dec, averaging 20 days
- Spring shows the longest average booking window at 30 days, while Winter has the shortest at 23 days
Recommendations
- Implement dynamic pricing strategies for Spring bookings at least 30 days in advance
- Consider early bird discounts during Winter to encourage longer lead times
- Focus on last-minute booking promotions during Nov-Dec when lead times are shortest
Popular Airbnb Amenities in Changwon-si
Below is the distribution of amenities across listings in Changwon-si:
Traveler Demographics
Key Insights
- Domestic travelers make up 86.1% of total guests, indicating a dominant local market share.
- Primary international markets: United States (4%) and Australia (1.1%)
- Korean is the top language at 57.8%, followed by English (33.3%)
- Notable demographic segment in <=1950s (Pre-1950s (Silent Gen)) at 6.3%
Recommendations
- Target marketing campaigns for Seoul and Busan markets
- Develop localized content for United States and Australia
- Prioritize Korean and English 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 Changwon-si. These nearby markets offer diverse opportunities for property investors and hosts:
| Market | Properties | Monthly Revenue | Daily Rate | Occupancy |
|---|---|---|---|---|
| Gui-myeon | 12 | $1,825 | $180.03 | 30% |
| Chunyang-myeon | 11 | $1,556 | $101.05 | 52% |
| Sanggwan-myeon | 16 | $1,545 | $155.57 | 29% |
| Tsushima | 29 | $1,469 | $166.44 | 42% |
| Busan | 5,219 | $1,434 | $114.83 | 44% |
| Hwayang-eup | 33 | $1,396 | $172.48 | 27% |
| Gwangui-myeon | 10 | $1,389 | $121.90 | 35% |
| Miryang-si | 135 | $1,388 | $218.06 | 28% |
| Yeongdeok-eup | 10 | $1,358 | $134.56 | 32% |
| Hakdong-ri | 41 | $1,351 | $295.38 | 28% |
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