Airbnb Market Analytics, Statistics and Data in Geoje-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 Geoje-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 Geoje-si:
How much do Airbnb hosts make on average per month in Geoje-si?
The short-term rental market in Geoje-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 $667 per month
- Strong performing properties (top 25%) make $1,506 or more
- Best-in-class properties (top 10%) achieve $2,884+ monthly
- Entry-level properties (bottom 25%) typically earn around $272
Revenue Variations by Month
Occupancy Rates Throughout the Year in Geoje-si
The market in Geoje-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 16% occupancy rates
- Strong performing properties (top 25%) achieve 30% or higher
- Best-in-class properties (top 10%) reach 50%+occupancy
- Entry-level properties (bottom 25%) average around 8%
Occupancy Variations by Month
Average Daily Rates Seasonal Trends in Geoje-si
Daily rates in Geoje-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 $110 per night
- Strong performing properties (top 25%) secure $174 or more
- Best-in-class properties (top 10%) pull in $245+ per night
- Entry-level properties (bottom 25%) earn around $70
Daily Rate Variations by Month
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Seasonality patterns in Geoje-si
Peak Season (April, May, March)
- Revenue peaks at $1581.77 per month
- Occupancy rates reach 27.02%
- Daily rates average $148.67
Shoulder Season
- Revenue averages $1191.44 per month
- Occupancy maintains 22.23%
- Daily rates hold at $135.30
Low Season (January, November, December)
- Revenue drops to $804.78 per month
- Occupancy decreases to 18.27%
- Daily rates adjust to $118.60
Is it still profitable to do Airbnb in Geoje-si in 2025?
Yes! Geoje-si demonstrates highly seasonal trends requiring strategic adaptation, featuring a growing occupancy rate of 22% and monthly revenue averaging $1191 and As a mature market with 886 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 Geoje-si
| Area | Why Choose This Area | Key Attractions |
|---|---|---|
| Hakdong Beach | A beautiful beach destination known for its stunning coastal views and relaxing atmosphere. It's popular with tourists seeking sun, sea, and sand, making it an ideal spot for vacation rentals. | Hakdong Beach, Geoje POW Camp, Geoje Shipbuilding Museum, Jangseungpo Port, Mongdol Beach |
| Okpo-dong | A bustling area renowned for its industrial significance and proximity to the Gyeongnam Marine and Ocean College. It attracts business travelers and visitors to the local attractions. | Geoje University, Okpo Sinchon, Okpo Daecheon Park, Heogeung Recreation Area, Okpo Lighthouse |
| Windy Hill | Famous for its scenic walking trails and windmills, Windy Hill is a popular hotspot for tourists and locals alike, offering stunning views of the ocean and a tranquil environment. | Windy Hill, Sasang-am Rock, Sunset Beach, Windy Hill Windmills, Geoje Ocean View Trail |
| Gohyeon | The downtown area of Geoje where visitors can find a wide range of restaurants, cafes, and shopping options. It serves as a central hub for tourists exploring the island. | Gohyeon Market, Geoje Folk Village, Shinsegae Department Store, Geoje Art Gallery, Gohyeon Park |
| Sinseondae | Known for its beautiful coastal scenery and outdoor activities. It's a great spot for tourists who enjoy hiking and scenic views, ideal for vacation rentals seeking nature lovers. | Sinseondae, Taegeukdo Island, Byeongpung Island, Sinseondae Park, Hiking Trails |
| Maemi Wetland | A serene natural reserve that attracts visitors interested in ecology and nature photography. Its natural beauty makes it a perfect retreat for those seeking tranquility. | Maemi Wetland, Birdwatching, Nature Trails, Maemi Pond, Ecological Education Center |
| Gujora Beach | A family-friendly beach that is perfect for swimming and picnics. It attracts a lot of local families and tourists, making it a great area for vacation rentals during the summer. | Gujora Beach, Gujora Park, Gujora Marina, Water Sports Activities, Family-Friendly Restaurants |
| Is dong | A developing area that is becoming increasingly popular with tourists due to its proximity to scenic spots and local attractions. Offers a more local experience for visitors. | Is dong Viewpoint, Local Markets, Fishing Village Experience, Beaches Nearby, Cultural Sites |
Do you need a license for Airbnb in Geoje-si?
We recommend checking directly with Geoje-si's local government regarding short-term rental licensing requirements. Current market data shows limited licensing information (5% of listings), making it essential to verify current regulations before starting your Airbnb business.
Top Performing Airbnb Properties in Geoje-si
#Extremely_Rare #ENG_Fluent #2BR #2Bth
Entire Place • 2 bedrooms
Dog House # 42 Pyeong Single Housing # Ocean View # Barbecue # Daily Bedding Laundry
Entire Place • 3 bedrooms
Stay in the sea full of classy and relaxing, Ocean Stay - 301
Entire Place • 4 bedrooms
Jianjae
Entire Place • 4 bedrooms
# Ocean view in all rooms # Vacation # Forest vacation # Field view Unit 301 Ocean view (private hou
Entire Place • 4 bedrooms
a traditiona old private house with a garden.
Entire Place • 2 bedrooms
Top Performing Professional Hosts in Geoje-si
Additional analytics on vacation rental, real estate, short term rental data in Geoje-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 (91.8%), with boutique & hotels and house properties comprising 83.3% of inventory
- Strong specialty sector (62.1%) combining boutique hotels, unique stays, and outdoor accommodations indicates market maturity and premium opportunities
- Untapped potential in others, outdoor & mobile, unique stays segments (2.9% combined)
Room Capacity Distribution
Analysis of 886 properties in Geoje-si shows that 1 bedroom properties are most prevalent, making up 63.3% of the market. The market tends to favor smaller properties, with 1 bedroom and 2 bedrooms together representing 80.6% of all listings.
Key Insights
- Most common: 1 bedroom (63.3%)
- Least common: 5+ bedrooms (0.3%)
- Market concentration: 80.6% in top 2 sizes
- Market skew: Favors smaller properties
Guest Capacity Distribution
Analysis of 886 properties in Geoje-si reveals that 4 guests properties dominate the market, representing 37% of all listings. The average property accommodates 4.8 guests, with a clear trend towards larger guest capacities. Properties accommodating 4 guests and 8+ guests make up 57.8% of the market.
Key Insights
- Most common capacity: 4 guests (37% of market)
- Least common capacity: 1 guest (0.2% of market)
- Average guest capacity: 4.8 guests per property
- Market concentration: 57.8% in top 2 capacity sizes
- Market segmentation: Predominantly larger guest capacities
Booking and Availability Patterns
Available Days Distribution
Booked Days Distribution
Among 886 properties in Geoje-si, the most common availability pattern is 271-366 days (80.4% of properties). For actual bookings, properties most frequently secure bookings for 31-90 days (40.3% of properties).
Key Insights
- Most common availability window: 271-366 days (80.4%)
- Most common booking duration: 31-90 days (40.3%)
- Properties with high availability (180+ days): 92.2%
- Properties with long-term bookings (180+ days): 8.1%
Minimum Stay Distributions
1 Night
724 listings
95.5% of total
2 Nights
17 listings
2.2% of total
3 Nights
2 listings
0.3% of total
4-6 Nights
7 listings
0.9% of total
7-29 Nights
5 listings
0.7% of total
30+ Nights
3 listings
0.4% of total
Key Insights
- Short stays (1-2 nights) dominate the market at 97.7%
- Mid-length stays (4-6 nights) represent 0.9% of listings
- Monthly+ stays (0.4%) suggest a stable extended-stay market
- High market flexibility with 98.0% 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
Flexible
42 listings
10.2% of total
Moderate
207 listings
50.5% of total
Firm
84 listings
20.5% of total
Strict
77 listings
18.8% of total
Key Insights
- Moderate is the preferred policy at 50.5% of listings
- Guest-friendly policies (Flexible & Moderate) dominate at 60.7% of the market
- Strong market consensus around Moderate policies
- Flexible policies are least common at 10.2% 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 Jul, Feb, Aug, averaging 28 days
- Shortest booking windows are in Jan, Nov, Dec, averaging 17 days
- Summer shows the longest average booking window at 27 days, while Winter has the shortest at 20 days
Recommendations
- Implement dynamic pricing strategies for Summer bookings at least 27 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 Geoje-si
Below is the distribution of amenities across listings in Geoje-si:
Traveler Demographics
Key Insights
- Domestic travelers make up 89.4% of total guests, indicating a dominant local market share.
- Primary international markets: United States (3.7%) and France (1.4%)
- Korean is the top language at 59.3%, followed by English (32.1%)
- Notable demographic segment in <=1950s (Pre-1950s (Silent Gen)) at 3.4%
Recommendations
- Target marketing campaigns for Seoul and Busan markets
- Develop localized content for United States and France
- 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 Geoje-si. These nearby markets offer diverse opportunities for property investors and hosts:
| Market | Properties | Monthly Revenue | Daily Rate | Occupancy |
|---|---|---|---|---|
| Sasebo | 24 | $3,256 | $262.02 | 40% |
| Gui-myeon | 12 | $1,825 | $180.03 | 30% |
| Iki | 14 | $1,618 | $147.37 | 29% |
| 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% |
| Hakdong-ri | 41 | $1,351 | $295.38 | 28% |
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