If you’re considering entering the world of Airbnb and holiday lettings, Canterbury, with its rich history and vibrant culture, is an enticing option. As a property owner, you may be wondering: Is Canterbury a good place to have an Airbnb? Here’s why the answer is a resounding YES.

1. High Demand from Tourists

Canterbury attracts over 6 million visitors each year, drawn by its historical landmarks, and is home to three UNESCO World Heritage Sites: the magnificent Canterbury Cathedral, as well as St Martin’s Church and St Augustine’s Abbey. This constant influx of tourists creates a strong demand for short-term rentals. According to Airbnb data, popular tourist cities in the UK, including Canterbury, experience average occupancy rates of 60-80% during peak seasons. Here at Koala Rentals, our owners enjoyed an average 83.1% occupancy rate (correct as of Sep 2024 for the preceding 12 months).

2. Strong Local Economy

With a thriving local economy bolstered by tourism, education (with 3 universities and a collection of boarding schools), and retail, Canterbury offers stability for property owners. The local economy has shown resilience, contributing to a consistent demand for holiday rentals, especially during the universities’ academic year.

3. Attractive for Diverse Guest Profiles

Canterbury caters to not just tourists but also business travellers, university visitors/professors and travelling performers courtesy of the Marlowe Theatre who come year round. This diversity broadens your potential customer base, making your Airbnb appealing to various segments.

4. Competitive Property Management Options

Navigating the Airbnb landscape can be complex. Partnering with a local property management company like Koala Rentals can streamline the process. Our comprehensive services—including marketing, guest communication, and dynamic pricing—ensure your property is optimally positioned for success. Studies show that professional management can increase occupancy rates by 15-25% compared to self-managed properties. Discover more about our property management services.

5. Regulatory Environment

Understanding the local regulations surrounding short-term rentals is crucial. Canterbury has supportive policies for holiday lets, allowing you to operate your Airbnb without excessive restrictions. The Local Plan supports tourism development, providing a favourable environment for short-term rentals. Reach out to us for the latest update on any regulatory changes.

6. Location

Canterbury’s location enhances its appeal. It is located in the South East of the UK and only 17 miles from Dover with regular ferries to Europe and 21 miles to Folkestone, home to the channel tunnel. Furthermore, being only 55 minutes from London via train makes it easily accessible for holiday makers and visitors alike.

Conclusion

Canterbury is undoubtedly a strong contender for your next Airbnb investment. With a booming tourism sector, a diverse guest demographic, and local support for short-term rentals, the potential for profitability is significant. At Koala Rentals, we’re here to help you maximise your property’s potential and navigate the exciting journey of holiday letting.

Ready to explore your Airbnb options in Canterbury? Contact us today to learn how we can assist you!