With its breathtaking beauty and a seemingly endless array of activities, Canmore is one of the most popular holiday locations in Canada. From the ski fans in the winter to the summer hikers, visitor numbers remain high throughout the year, making it a very attractive proposition for those looking for an Airbnb investment opportunity.
Whether renting out your home or running a full-time property, an Airbnb investment can be very lucrative; however, it is far from an easy opportunity. In this latest blog, we explore why Canmore is the perfect destination for an Airbnb host.
High visitor numbers
The key to success for any Airbnb investment, no matter where it is located, is the ability to keep the property occupied. That means you need to ensure that you are opening your business in a region with high visitor numbers, and thanks to the vast choice of year-round activities that Canmore has to offer, the town is bustling with holidaymakers.
In fact, research by AirDNA shows that the lowest average occupancy rate for Canmore is 50%, while the highest is an incredible 97%. This means that property owners who take the time to market their Airbnb investment correctly can enjoy a steady stream of guests.
Highly profitable
With such high occupancy rates, it makes a Canmore Airbnb investment a very profitable opportunity. According to AirDNA, the average daily rate for properties in the region is amongst the highest in Canada. This makes it a great way to boost your income and grow your business; however, it also means competition is high, so you need to ensure you are consistently delivering exceptional experiences for your guests.
Location
Another major reason why Canmore is such an attractive opportunity for an Airbnb investment is the town’s unrivalled location. Not only is it a short drive to major cities such as Calgary and Banff, but it is nestled in the heart of the Canadian Rockies, providing an incredible backdrop for a host of outdoor activities.
During the summer months, the mountains offer a wonderful array of hiking routes, while the various lakes provide the perfect opportunity to explore a variety of water sports. Of course, during the winter months, the region becomes a haven for Snowsports, with skiing, snowboarding, tobogganing, ice skating and more all readily available.
Thriving arts and culture scene
While it is the natural landscape that proves the most popular reason for tourists, Canmore also has a vibrant and thriving arts and cultural scene. From art galleries and craft shops to festivals and events, the annual calendar is bursting with family-friendly events that celebrate a diverse and eclectic range of guests.
This only further adds to the strong tourism demand, particularly around the major attractions such as the Canmore Folk Festival, which sees 21,000 visitors annually!
Thinking of becoming an Airbnb host?
Are you considering an Airbnb investment in Canmore? The town offers a wonderful opportunity for property owners looking to boost their income. However, it is important to remember that competition is high, so in order to succeed, you need to ensure that you are providing an exceptional experience for your guests.
Here at Canmore Co-Host, our mission is to help take the stress and worry away from running your Airbnb, supporting you to deliver a five-star service every time. From updating your listing and ensuring optimal pricing throughout the year to guest management and housekeeping, we are your one-stop shop for your Airbnb investment.
Want to find out more about our services and how we can help you? Get in touch with our team today!
