Key Takeaways
- The data comprises monthly short term rental key metrics for Belgium from October 2023 to October 2024.
- Over this period, the Average Daily Rate (ADR) ranges from 113€ in September 2024 to 136€ in December 2023, indicating some variability in how much guests are typically charged for a room.
- Concurrently, the Revenue per Available Room (RevPAR), a performance metric in the short term rental industry, varies between 26€ in October 2024 and 83€ in July 2024, suggesting differing effectiveness in generating revenue.
- Occupancy rates, indicating the proportion of available rooms booked, showed fluctuation from a low of 21
ADR Summary
The data represents the Average Daily Rate (ADR) trend for the entire country of Belgium from October 2023 to October 2024. In October 2023, the ADR was 133€. It experienced a slight drop to 128€ in November 2023, then rose to 136€ in December 2023.
The beginning of 2024 saw a decrease in ADR, falling to 125€ in January and maintaining a similar level at 126€ and 127€ in February and March respectively. A gradual increase was observed from 131€ in April to 134€ in May, however, it dropped back to 127€ in June, then climbed again to 134€ in July
RevPAR Summary
The RevPAR (Revenue Per Available Room) trend for Belgium from October 2023 to October 2024 in Euros is as follows:
In October 2023, the RevPAR was 71€ and then slightly decreased to 60€ in November 2023. It again showed a slight increase to 66€ in December 2023. There was a sharp fall in January 2024 to 49€ and a marginal increase to 52€ in February 2024.
Moving into the spring, the RevPAR rose steadily hitting 57€ and 65€ in March and April
Read here: How to Calculate RevPAR.
Occupancy Rate Summary
From October 2023 to October 2024, looking solely at occupancy rates for the entire country of Belgium, there appears to be a general trend of increasing and decreasing rates. Initially, in October 2023, the rate was 56%, dropping down to 50% in November and rebounding to 53% in December.
The lowest occupancy rates were observed at the beginning of 2024, with the rate diminishing to 43% in January and slightly rebounding to 45% in February. Post this drop, a steady increase was witnessed from March’s 49
Read here: How to Calculate Occupancy Rate.
Avg. Bookings Summary
The average bookings for Belgium over a period from October 2023 to October 2024 often fluctuated between 2.9 and 4.2 bookings, showing an irregular trend with no clear periodicity.
From October to December 2023, there was a mild drop from 3.7 to 2.9. However, it spiked to 4 in January 2024, maintained it in February, and slightly rose to 4.2 in March.
In the April-May period of 2024, the average bookings dipped slightly
Count of Active Listings Summary
The count of active listings in Belgium has generally seen an upward trend from October 2023 to October 2024. In October 2023, the number of active listings was 34,794 which slightly decreased to 33,301 in November 2023. However, this was followed by a consistent increase almost every month, reaching a peak of 39,111 in August 2024. After that, it experienced a slight drop to 38,814 in September 2024 and further to 38,215 in October 2024
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About Short-term Rental Index
The World STR (Short-term Rental) Index by PriceLabs is a free tool for tracking short-term rental market performance worldwide. It offers data from Airbnb markets worldwide, refreshed monthly. You can access free insights on which locations are gaining or losing popularity. Key features include:
Compare: Compare year-over-year metrics like active listings, occupancy rates, RevPAR, and ADR.
Trend: Visualize how metrics have changed over the past years.
Pacing: Compare upcoming year metrics to the previous year for occupancy, ADR, and RevPAR.
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