Airbnb Market Analytics, Statistics and Data in Hwagae-myeon, 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 Hwagae-myeon? 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 Hwagae-myeon:
How much do Airbnb hosts make on average per month in Hwagae-myeon?
The short-term rental market in Hwagae-myeon 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 $828 per month
- Strong performing properties (top 25%) make $1,789 or more
- Best-in-class properties (top 10%) achieve $3,160+ monthly
- Entry-level properties (bottom 25%) typically earn around $370
Revenue Variations by Month
Occupancy Rates Throughout the Year in Hwagae-myeon
The market in Hwagae-myeon 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 20% occupancy rates
- Strong performing properties (top 25%) achieve 38% or higher
- Best-in-class properties (top 10%) reach 62%+occupancy
- Entry-level properties (bottom 25%) average around 10%
Occupancy Variations by Month
Average Daily Rates Seasonal Trends in Hwagae-myeon
Daily rates in Hwagae-myeon 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 $112 per night
- Strong performing properties (top 25%) secure $151 or more
- Best-in-class properties (top 10%) pull in $202+ per night
- Entry-level properties (bottom 25%) earn around $83
Daily Rate Variations by Month
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Seasonality patterns in Hwagae-myeon
Peak Season (March, April, May)
- Revenue peaks at $1754.99 per month
- Occupancy rates reach 36.66%
- Daily rates average $140.74
Shoulder Season
- Revenue averages $1342.74 per month
- Occupancy maintains 27.44%
- Daily rates hold at $127.95
Low Season (September, January, December)
- Revenue drops to $859.18 per month
- Occupancy decreases to 21.69%
- Daily rates adjust to $116.30
Is it still profitable to do Airbnb in Hwagae-myeon in 2025?
Yes! Hwagae-myeon demonstrates highly seasonal trends requiring strategic adaptation, featuring a growing occupancy rate of 27% and monthly revenue averaging $1343 and The market's 133 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 Hwagae-myeon
| Area | Why Choose This Area | Key Attractions |
|---|---|---|
| Hwagae Village | Famous for its beautiful cherry blossom road, this village attracts visitors looking for picturesque views and cultural experiences. | Hwagae Market, Jirisan National Park, Hwagae Cherry Blossom Road, Jirisan Tea Museum, Local handicraft shops |
| Yangsanjin | A peaceful region with serene nature and hiking trails, making it perfect for nature lovers and those looking to escape the hustle and bustle. | Yangsanjin Hiking Trail, Nature Farms, Local eateries, Scenic viewpoints, Wildflower spots |
| Deokjeong | Known for its historical significance and traditional atmosphere, it draws tourists interested in Korean heritage and culture. | Deokjeong Temple, Traditional Hanok stays, Heritage museums, Cultural performances, Local festivals |
| Chogye | A quaint area that offers a glimpse into rural life in Korea, perfect for those looking to experience authentic local culture. | Chogye Folk Village, Local farms, Seasonal festivals, Nature trails, Community markets |
| Gyeonghwa Station Area | Formerly a railway station, it's a unique spot with beautiful scenery and railway history, popular with photography enthusiasts. | Gyeonghwa Station, Cherry blossom views, Photography spots, Restored historical sites, Quiet picnic areas |
| Hwagae Riverbank | A scenic spot ideal for relaxation and outdoor activities such as fishing and cycling, appealing to both locals and visitors. | Hwagae River Park, Bicycle paths, Picnic areas, Fishing spots, Scenic river views |
| Sancheong | A nearby area known for its rich herbal medicine culture and beautiful landscapes, attracting wellness-focused tourists. | Sancheong Herbal Medicine Market, Herbal wellness centers, Natural hot springs, Hiking routes, Cultural heritage sites |
| Waryong Mountain | A popular hiking destination, offering breathtaking views and outdoor adventure opportunities, appealing to active travelers. | Waryong Mountain Trail, Scenic overlooks, Wildlife viewing, Camping spots, Trailhead facilities |
Do you need a license for Airbnb in Hwagae-myeon?
We recommend checking directly with Hwagae-myeon's local government regarding short-term rental licensing requirements. Current market data shows limited licensing information (8% of listings), making it essential to verify current regulations before starting your Airbnb business.
Top Performing Airbnb Properties in Hwagae-myeon
아이들과 함께 즐겁고 편안한 공간
Entire Place • 2 bedrooms
This is a private pension where only one team will use the 250-pyeong garden.
Entire Place • 3 bedrooms
Lodge85 l 롯지85 l Rustic Retreat
Entire Place • 2 bedrooms
Mongle Mongle
Entire Place • 2 bedrooms
Cottage in Hwagae-myeon, Hadong-gun, Gyeongsangnam-do (month old - individual inquiry)
Entire Place • 2 bedrooms
![[Soho Mansion 2] A pretty and clean emotional bed and trip where you can enjoy green tea fields and](https://a0.muscache.com/im/pictures/miso/Hosting-930830053866725930/original/b3ca716c-d192-4361-9266-dd1bb959f203.jpeg)
[Soho Mansion 2] A pretty and clean emotional bed and trip where you can enjoy green tea fields and
Private Room • N/A
Top Performing Professional Hosts in Hwagae-myeon
Additional analytics on vacation rental, real estate, short term rental data in Hwagae-myeon
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 (85.7%), with boutique & hotels and house properties comprising 92.5% of inventory
- Strong specialty sector (72.2%) combining boutique hotels, unique stays, and outdoor accommodations indicates market maturity and premium opportunities
- Untapped potential in outdoor & mobile segments (1.5% combined)
Room Capacity Distribution
Analysis of 133 properties in Hwagae-myeon shows that 1 bedroom properties are most prevalent, making up 69.2% of the market. The market tends to favor smaller properties, with 1 bedroom and 2 bedrooms together representing 86.5% of all listings.
Key Insights
- Most common: 1 bedroom (69.2%)
- Least common: 3 bedrooms (3%)
- Market concentration: 86.5% in top 2 sizes
- Market skew: Favors smaller properties
Guest Capacity Distribution
Analysis of 133 properties in Hwagae-myeon reveals that 4 guests properties dominate the market, representing 42.1% of all listings. The average property accommodates 4.2 guests, with a clear trend towards larger guest capacities. Properties accommodating 4 guests and 2 guests make up 57.1% of the market.
Key Insights
- Most common capacity: 4 guests (42.1% of market)
- Least common capacity: 5 guests (0.8% of market)
- Average guest capacity: 4.2 guests per property
- Market concentration: 57.1% in top 2 capacity sizes
- Market segmentation: Predominantly larger guest capacities
Booking and Availability Patterns
Available Days Distribution
Booked Days Distribution
Among 133 properties in Hwagae-myeon, the most common availability pattern is 271-366 days (74.4% of properties). For actual bookings, properties most frequently secure bookings for 31-90 days (53.4% of properties).
Key Insights
- Most common availability window: 271-366 days (74.4%)
- Most common booking duration: 31-90 days (53.4%)
- Properties with high availability (180+ days): 85.0%
- Properties with long-term bookings (180+ days): 15.0%
Minimum Stay Distributions
1 Night
121 listings
93.1% of total
2 Nights
7 listings
5.4% of total
4-6 Nights
1 listings
0.8% of total
30+ Nights
1 listings
0.8% of total
Key Insights
- Short stays (1-2 nights) dominate the market at 98.5%
- Mid-length stays (4-6 nights) represent 0.8% of listings
- Monthly+ stays (0.8%) suggest a stable extended-stay market
- High market flexibility with 98.5% 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
16 listings
20.3% of total
Moderate
45 listings
57% of total
Firm
12 listings
15.2% of total
Strict
6 listings
7.6% of total
Key Insights
- Moderate is the preferred policy at 57.0% of listings
- Guest-friendly policies (Flexible & Moderate) dominate at 77.3% of the market
- Strong market consensus around Moderate policies
- Strict policies are least common at 7.6% 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 Feb, Mar, Apr, averaging 40 days
- Shortest booking windows are in Dec, Jan, Jun, averaging 18 days
- Spring shows the longest average booking window at 34 days, while Summer has the shortest at 23 days
Recommendations
- Implement dynamic pricing strategies for Spring bookings at least 34 days in advance
- Consider early bird discounts during Summer to encourage longer lead times
- Focus on last-minute booking promotions during Dec-Jun when lead times are shortest
Popular Airbnb Amenities in Hwagae-myeon
Every property in Hwagae-myeon comes standard with Air conditioning. Below shows the distribution of other amenities:
Traveler Demographics
Key Insights
- Domestic travelers make up 84.1% of total guests, indicating a dominant local market share.
- Primary international markets: United States (6.3%) and Germany (2.2%)
- Korean is the top language at 53.3%, followed by English (36.8%)
- Notable demographic segment in <=1950s (Pre-1950s (Silent Gen)) at 2.1%
Recommendations
- Target marketing campaigns for Seoul and Busan markets
- Develop localized content for United States and Germany
- 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 Hwagae-myeon. 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% |
| Gimje-si | 14 | $1,509 | $167.78 | 25% |
| Buyeo-eup | 13 | $1,437 | $110.70 | 41% |
| 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% |
| Nonsan-si | 23 | $1,226 | $143.19 | 30% |
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