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AirDNA Data: PT Faro Lagos

How is Lagos performing?

69

Good
Market Score

75

Rental Demand

58

Revenue Growth

13

Seasonality

44

Regulation

Annual Revenue

$19.8K

+3%

past year

Occupancy Rate

64%

+4%

past year

Average Daily Rate

$198

+3%

past year

Revenue per Available Rental (RevPAR)

$126.6

+6%

past year

Lagos Performance Details

Total available listings

5,602

+3%

past year

Listings by rental channel

Channel

Airbnb (60%)

Vrbo (12%)

Both (28%)

Listings by rental size

Bedrooms

1 Bedroom (39%)

2 Bedroom (36%)

3 Bedroom (16%)

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 (27%)

91-180 nights (33%)

181-270 nights (25%)

271-365 nights (15%)

Listings by rental type

Type

Entire Home (88%)

Private Room (11%)

Shared Room (1%)

Listings by Cancellation Policy

Flexible (9.1%)

Moderate (54.7%)

Strict (25.7%)

Super Strict (10.5%)

Listings by Minimum Stay

1 Night (0.0%)

2 Nights (14.5%)

3 Nights (18.9%)

4-6 Nights (31.9%)

7-29 Nights (12.2%)

30+ Nights (22.5%)

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
2540.2%3327
4.18
Resort Rentals Algarve / Lagos Long Lets
1420.1%1802
4.84
Rental Valley
84-0.1%2927
4.69
casas do barlavento
550.0%1675
4.71
Bookiply
52-0.1%420
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

$1,983,630

+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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