The Short Term Rental Market in Villeurbanne and the Importance of an Airbnb Concierge Service in Lyon:
Villeurbanne has a high demand for short-term rentals, due to its proximity to Lyon and its young and lively urban atmosphere. With many universities and businesses in the surrounding area, the city also attracts business travelers and international students, helping to maintain a high level of demand throughout the year.
Example: One-bedroom apartment on rue Jules Vallès: €36,000 annual income
https://fr.airbnb.ch/rooms/30489941
Apartment of 55m2 refurbished by a prestigious architect. Benefiting from a large high-end 2-room apartment 7 minutes from the city center of Lyon. (Metro Charpennes located 1 minute walk away). The apartment has a large kitchenette, living room, dining room. The kitchen is fully equipped (oven, microwave, induction hob, blender, etc.) The living room is really very comfortable and has a large TV with access to French channels and Netflix. The bedroom offers comfort thanks to its large queen size bed and television. The bathroom has a large bath, a large vanity unit, a washing machine and a closed toilet.
Purchase price:
250 000€
Notary fees:
20 000€
Road repairs:
30 000€
Furniture:
6500 €
Total Price:
€306,500
89% occupancy rate (07/2023-04/2023) - 85% expected net occupancy rate over 1 year
29000€ net (07/2023-04/2024) - 36000€ net expected over 1 year
Factors Influencing Revenue
Several factors influence the income potential of a T2 apartment on Airbnb in Villeurbanne:
- Location : Neighborhoods close to downtown, public transportation, and tourist attractions tend to attract more travelers, which can result in higher rental rates and more frequent occupancy.
- Seasonality : As in many tourist destinations, demand varies seasonally. Peak tourism periods, such as summer and holidays, can lead to higher rental prices and higher occupancy rates.
- Competition : The density of Airbnb's supply in a given neighborhood can also influence revenue. High competition may require more competitive rates to attract travelers.
- Quality of the accommodation and the services offered: As competition from Airbnbs in Lyon has exploded, it is necessary to offer accommodation similar to hotel services.
Estimating Potential Revenues
To estimate the potential income of a T2 apartment on Airbnb in Villeurbanne, let's look at some reference data:
- Average rates : The average rental rates for a quality T2 apartment in Villeurbanne usually vary between €70 and €250 per night, depending on the location, amenities and season.
- Length of stay : Lengths of stay are around 3 nights in Lyon. An Airbnb concierge service will be able to set up strategies in Lyon in order to obtain the costs related to cleaning and consequently increase your rental profitability.
Financial & Operational Considerations
It's important to keep in mind that the estimated revenue above is net but doesn't take into account expenses such as cleaning fees, local taxes, maintenance fees, energy fees, and Airbnb management services, if applicable.
In conclusion, a T2 apartment on Airbnb in Villeurbanne can offer attractive income potential for owners, especially in well-located neighborhoods with good management. Hiring an Airbnb concierge service in Lyon can be beneficial to ensure professional management and optimize the performance of the rental.
