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AirDNA Data: Colac Otway

How is Colac Otway performing?

53

Okay
Market Score

38

Rental Demand

14

Revenue Growth

51

Seasonality

60

Regulation

Annual Revenue

$22K

+3%

past year

Occupancy Rate

40%

+4%

past year

Average Daily Rate

$224.7

+3%

past year

Revenue per Available Rental (RevPAR)

$106

+6%

past year

Colac Otway Performance Details

Total available listings

3,050

+3%

past year

Listings by rental channel

Channel

Airbnb (52%)

Vrbo (24%)

Both (24%)

Listings by rental size

Bedrooms

1 Bedroom (23%)

2 Bedroom (19%)

3 Bedroom (39%)

4 Bedroom (14%)

5+ Bedroom (5%)

Rental growth in the last 12 months

Active Listings

+8%

past year

Listings by annual availability

Available

1-90 nights (66%)

91-180 nights (7%)

181-270 nights (8%)

271-365 nights (19%)

Listings by rental type

Type

Entire Home (91%)

Private Room (9%)

Shared Room (0%)

Listings by Cancellation Policy

Flexible (18.6%)

Moderate (28.0%)

Strict (39.8%)

Super Strict (13.6%)

Listings by Minimum Stay

1 Night (11.9%)

2 Nights (50.2%)

3 Nights (4.3%)

4-6 Nights (2.4%)

7-29 Nights (0.9%)

30+ Nights (30.4%)

What amenities do listings have?

Parking

88%

Kitchen

88%

Tv

85%

Heating

78%

Aircon

74%

Who are the largest property managers?

Property ManagerListingsAnnual ChangeReviewsAverage Review
Great Ocean Road Holidays
143-0.0%1654
4.57
Otway Retreats
64-0.1%1926
4.71
Holiday Great Ocean Road
46-0.1%1716
4.77
Great Ocean Road Escapes
340.2%5043
4.81
Otway Getaways Holiday
140.1%293
4.85

Occupancy

Occupancy Rate

40%

+5%

past year

Booking lead time
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Length of stay
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What percentage of the month was occupied?

Average monthly occupancy over the last 5 years

+3%

past year

2023
2022
2021
2020
2019
2018

Revenue

Average revenue

$2,197,536

+5%

past year

How much revenue did listings earn per month?

Average revenue over the last 5 years

+3%

past year

2023
2022
2021
2020
2019
2018

Rates

Revenue per available rental (RevPAR)

$40

+5%

past year

Revenue per available rental
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Revenue per available rental (RevPAR) over the last 5 years
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What was the average daily rate?

Average daily rate over the last 5 years

-3%

past year

2023
2022
2021
2020
2019
2018

Revenue per available rental (RevPAR)

Revenue per available rental

$40

-7%

past year

Weekend revenue per available rental (RevPAR)
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What percentage of the month was occupied?

Average monthly occupancy over the last 5 years

+3%

past year

2023
2022
2021
2020
2019
2018
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