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AirDNA Data: PT Faro Lagos

How is Lagos performing?

68

Good
Market Score

75

Rental Demand

58

Revenue Growth

13

Seasonality

43

Regulation

Annual Revenue

$19K

+3%

past year

Occupancy Rate

64%

+4%

past year

Average Daily Rate

$196.6

+3%

past year

Revenue per Available Rental (RevPAR)

$125.9

+6%

past year

Lagos Performance Details

Total available listings

5,742

+3%

past year

Listings by rental channel

Channel

Airbnb (60%)

Vrbo (13%)

Both (27%)

Listings by rental size

Bedrooms

1 Bedroom (40%)

2 Bedroom (36%)

3 Bedroom (15%)

4 Bedroom (6%)

5+ Bedroom (3%)

Rental growth in the last 12 months

Active Listings

+8%

past year

Listings by annual availability

Available

1-90 nights (30%)

91-180 nights (33%)

181-270 nights (23%)

271-365 nights (14%)

Listings by rental type

Type

Entire Home (88%)

Private Room (12%)

Shared Room (1%)

Listings by Cancellation Policy

Flexible (9.0%)

Moderate (54.7%)

Strict (26.2%)

Super Strict (10.1%)

Listings by Minimum Stay

1 Night (0.1%)

2 Nights (14.8%)

3 Nights (18.7%)

4-6 Nights (31.2%)

7-29 Nights (11.8%)

30+ Nights (23.4%)

What amenities do listings have?

Internet

97%

Wireless Internet

95%

Kitchen

94%

Tv

82%

Washer

77%

Who are the largest property managers?

Property ManagerListingsAnnual ChangeReviewsAverage Review
Dreamalgarve
230-0.0%3253
4.18
Resort Rentals Algarve / Lagos Long Lets
1370.1%1725
4.83
Rental Valley
84-0.1%2826
4.68
casas do barlavento
570.1%1671
4.71
Bookiply
53-0.0%411
4.64

Occupancy

Occupancy Rate

64%

+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

$1,898,406

+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)

$64

+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

$64

-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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