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AirDNA Data: GB Default Norfolk

How is Norfolk performing?

100

Great
Market Score

87

Rental Demand

88

Revenue Growth

91

Seasonality

69

Regulation

Annual Revenue

$8.5K

+3%

past year

Occupancy Rate

25%

+4%

past year

Average Daily Rate

$115.8

+3%

past year

Revenue per Available Rental (RevPAR)

$45

+6%

past year

Norfolk Performance Details

Total available listings

40

+3%

past year

Listings by rental channel

Channel

Airbnb (20%)

Vrbo (78%)

Both (3%)

Listings by rental size

Bedrooms

1 Bedroom (33%)

2 Bedroom (30%)

3 Bedroom (20%)

4 Bedroom (13%)

5+ Bedroom (5%)

Rental growth in the last 12 months

Active Listings

+8%

past year

Listings by annual availability

Available

1-90 nights (80%)

91-180 nights (3%)

181-270 nights (13%)

271-365 nights (5%)

Listings by rental type

Type

Entire Home (95%)

Private Room (5%)

Shared Room (0%)

Listings by Cancellation Policy

Flexible (17.5%)

Moderate (62.5%)

Strict (12.5%)

Super Strict (7.5%)

Listings by Minimum Stay

1 Night (17.5%)

2 Nights (35.0%)

3 Nights (22.5%)

4-6 Nights (2.5%)

7-29 Nights (7.5%)

30+ Nights (15.0%)

What amenities do listings have?

Kitchen

80%

Heating

75%

Parking

63%

Internet

55%

Tv

50%

Who are the largest property managers?

Property ManagerListingsAnnual ChangeReviewsAverage Review
Cottages.com
8720.1%2314
4.75
Norfolk Hideaways
5370.1%1179
4.71
Norfolk Country Cottages
4700.7%440
4.61
2cHolidays
2370.1%1971
4.49
Norfolk Holiday Properties
1130.2%1803
4.70

Occupancy

Occupancy Rate

25%

+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

$847,793

+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)

$25

+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

$25

-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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