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AirDNA Data: LV Default Riga

How is Riga performing?

93

Great
Market Score

63

Rental Demand

45

Revenue Growth

46

Seasonality

54

Regulation

Annual Revenue

$7.6K

+3%

past year

Occupancy Rate

56%

+4%

past year

Average Daily Rate

$75

+3%

past year

Revenue per Available Rental (RevPAR)

$40

+6%

past year

Riga Performance Details

Total available listings

3,372

+3%

past year

Listings by rental channel

Channel

Airbnb (92%)

Vrbo (1%)

Both (7%)

Listings by rental size

Bedrooms

1 Bedroom (73%)

2 Bedroom (18%)

3 Bedroom (6%)

4 Bedroom (2%)

5+ Bedroom (1%)

Rental growth in the last 12 months

Active Listings

+8%

past year

Listings by annual availability

Available

1-90 nights (34%)

91-180 nights (20%)

181-270 nights (18%)

271-365 nights (28%)

Listings by rental type

Type

Entire Home (90%)

Private Room (9%)

Shared Room (1%)

Listings by Cancellation Policy

Flexible (40.2%)

Moderate (47.7%)

Strict (11.9%)

Super Strict (0.3%)

Listings by Minimum Stay

1 Night (0.0%)

2 Nights (36.9%)

3 Nights (12.3%)

4-6 Nights (6.0%)

7-29 Nights (1.7%)

30+ Nights (43.1%)

What amenities do listings have?

Internet

97%

Wireless Internet

97%

Kitchen

95%

Washer

87%

Heating

86%

Who are the largest property managers?

Property ManagerListingsAnnual ChangeReviewsAverage Review
Innorental
1270.9%4461
4.92
SIA Bnbverit
751.0%5340
4.82
Dandelion Apartments and Suites
310.3%2183
4.89
TimeCode
14-0.1%605
4.62
RentApart
8-0.3%316
4.34

Occupancy

Occupancy Rate

56%

+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

$759,023

+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)

$56

+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

$56

-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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