Fri. Jul 5th, 2024

10 US beach cities where the average host can make $200,000 or more per year<!-- wp:html --><p>Destin, Florida</p> <p class="copyright">ghornephoto/Getty Images</p> <p>These 10 US beach locations are expected to be rental hot spots this summer, according to AirDNA.<br /> California and Florida dominate the list, with South Carolina also making the Top 10.<br /> Analytics firm AirDNA projects the average host can bring in $200,000 or more in these locations.</p> <p><a href="https://www.businessinsider.com/airbnb-vrbo-hosts-summer-slowdown-new-normal-2023-6">It's an extremely competitive summer</a> for hosts of vacation rentals.</p> <p>Short-term rental hosts on Airbnb and Vrbo previously told Insider that <a href="https://www.businessinsider.com/airbnb-listings-summer-mediocre-middle-2023-7">high-end and low-end listings</a> were being booked this summer. Travelers are either hunting for cheap, last-minute spots, and haggling for prices, or snapping up luxury rentals that feature sweeping views, high-end furnishings, and vacation accoutrements like a fire pit and a pool.</p> <p>Analytics site AirDNA compiled <a href="https://www.airdna.co/blog/ranked-by-airdna-cabins-apartments-beach-houses" target="_blank" rel="noopener">a list of the 10 cities across the nation</a> that are expected to bring in the biggest haul for hosts of large beach homes this summer. </p> <p>The list calculates how often the average host is booked (average occupancy) and how much the average host is charging (average daily rate) to arrive at the annual revenue potential. </p> <p>The most iconic beach states — California and Florida — dominate the list with spots like Destin, Florida, and Monterey Bay, California, along with cities like Miami and San Diego. Hilton Head, South Carolina also made into the list. </p> <p>In all locations, AirDNA projects the average host could bring in around $200,000 or more this year. The following statistics are from the AirDNA report. </p> <div> <div class="slide"> <div class="slide-title">10. Charleston, South Carolina</div> <div class="slide-image">Charleston, South Carolina <p class="copyright">Sean Pavone/Getty Images</p> </div> <div class="slide-content"> <p>Occupancy: 69%</p> <p>Average Daily Rate: $830</p> <p>Annual Potential Revenue: $197,415</p> </div> </div> <div class="slide"> <div class="slide-title">9. San Diego</div> <div class="slide-image">San Diego <p class="copyright">Ron and Patty Thomas/Getty Images</p> </div> <div class="slide-content"> <p>Occupancy: 70%</p> <p>Average Daily Rate: $917 </p> <p>Annual Revenue Potential: $204,657</p> </div> </div> <div class="slide"> <div class="slide-title">8. Santa Rosa/Rosemary Beach, Florida</div> <div class="slide-image">Santa Rosa, Florida <p class="copyright">Joel Brouwer/Getty Images</p> </div> <div class="slide-content"> <p>Occupancy: 65%</p> <p>Average Daily Rate: $914</p> <p>Annual Revenue Potential: $206,520</p> </div> </div> <div class="slide"> <div class="slide-title">7. San Francisco</div> <div class="slide-image">San Francisco <p class="copyright">David Clapp/Getty Images</p> </div> <div class="slide-content"> <p>Occupancy: 70%</p> <p>Average Daily Rate: $915</p> <p>Annual Revenue Potential: $211,628</p> </div> </div> <div class="slide"> <div class="slide-title">5. Monterey Bay, California</div> <div class="slide-image">Monterey Bay, California <p class="copyright">halbergman/Getty Images</p> </div> <div class="slide-content"> <p>Occupancy: 67%</p> <p>Average Daily Rate: $980</p> <p>Annual Revenue Potential: $215,132</p> </div> </div> <div class="slide"> <div class="slide-title">5. Destin/Fort Walton Beach, Florida</div> <div class="slide-image">Destin, Florida <p class="copyright">ghornephoto/Getty Images</p> </div> <div class="slide-content"> <p>Occupancy: 66%</p> <p>Average Daily Rate: $988</p> <p>Annual Revenue Potential: $215,381</p> </div> </div> <div class="slide"> <div class="slide-title">4. Key West, Florida</div> <div class="slide-image">Key West, Florida <p class="copyright">KenWiedemann/Getty Images</p> </div> <div class="slide-content"> <p>Occupancy: 75% </p> <p>Average Daily Rate: $939</p> <p>Annual Revenue Potential: $225,223</p> </div> </div> <div class="slide"> <div class="slide-title">3. Miami</div> <div class="slide-image">Sunny Isles Beach, Miami <p class="copyright">cdwheatley/Getty Images</p> </div> <div class="slide-content"> <p>Occupancy: 49%</p> <p>Average Daily Rate: $1,684</p> <p>Annual Revenue Potential: $226,262</p> </div> </div> <div class="slide"> <div class="slide-title">2. Los Angeles</div> <div class="slide-image">Los Angeles <p class="copyright">Getty Images</p> </div> <div class="slide-content"> <p>Occupancy: 60% </p> <p>Average Daily Rate: $1,269</p> <p>Annual Revenue Potential: $231,421</p> </div> </div> <div class="slide"> <div class="slide-title">1. Santa Barbara, California</div> <div class="slide-image">Santa Barbara, California <p class="copyright">Alexander Spatari/Getty Images</p> </div> <div class="slide-content"> <p>Occupancy: 66%</p> <p>Average Daily Rate: $1,224</p> <p>Annual Revenue Potential: $261,115</p> </div> </div> </div> <div class="read-original">Read the original article on <a href="https://www.businessinsider.com/10-us-cities-with-profitable-beach-houses-2023-7">Business Insider</a></div><!-- /wp:html -->

Destin, Florida

These 10 US beach locations are expected to be rental hot spots this summer, according to AirDNA.
California and Florida dominate the list, with South Carolina also making the Top 10.
Analytics firm AirDNA projects the average host can bring in $200,000 or more in these locations.

It’s an extremely competitive summer for hosts of vacation rentals.

Short-term rental hosts on Airbnb and Vrbo previously told Insider that high-end and low-end listings were being booked this summer. Travelers are either hunting for cheap, last-minute spots, and haggling for prices, or snapping up luxury rentals that feature sweeping views, high-end furnishings, and vacation accoutrements like a fire pit and a pool.

Analytics site AirDNA compiled a list of the 10 cities across the nation that are expected to bring in the biggest haul for hosts of large beach homes this summer. 

The list calculates how often the average host is booked (average occupancy) and how much the average host is charging (average daily rate) to arrive at the annual revenue potential. 

The most iconic beach states — California and Florida — dominate the list with spots like Destin, Florida, and Monterey Bay, California, along with cities like Miami and San Diego. Hilton Head, South Carolina also made into the list. 

In all locations, AirDNA projects the average host could bring in around $200,000 or more this year. The following statistics are from the AirDNA report. 

10. Charleston, South Carolina
Charleston, South Carolina

Occupancy: 69%

Average Daily Rate: $830

Annual Potential Revenue: $197,415

9. San Diego
San Diego

Occupancy: 70%

Average Daily Rate: $917 

Annual Revenue Potential: $204,657

8. Santa Rosa/Rosemary Beach, Florida
Santa Rosa, Florida

Occupancy: 65%

Average Daily Rate: $914

Annual Revenue Potential: $206,520

7. San Francisco
San Francisco

Occupancy: 70%

Average Daily Rate: $915

Annual Revenue Potential: $211,628

5. Monterey Bay, California
Monterey Bay, California

Occupancy: 67%

Average Daily Rate: $980

Annual Revenue Potential: $215,132

5. Destin/Fort Walton Beach, Florida
Destin, Florida

Occupancy: 66%

Average Daily Rate: $988

Annual Revenue Potential: $215,381

4. Key West, Florida
Key West, Florida

Occupancy: 75% 

Average Daily Rate: $939

Annual Revenue Potential: $225,223

3. Miami
Sunny Isles Beach, Miami

Occupancy: 49%

Average Daily Rate: $1,684

Annual Revenue Potential: $226,262

2. Los Angeles
Los Angeles

Occupancy: 60% 

Average Daily Rate: $1,269

Annual Revenue Potential: $231,421

1. Santa Barbara, California
Santa Barbara, California

Occupancy: 66%

Average Daily Rate: $1,224

Annual Revenue Potential: $261,115

Read the original article on Business Insider

By