Incheon

As of June 2026, Incheon, Songdo have 304 active Airbnb and VRBO listings. This represents a 30% decrease from the previous year.

"The average Airbnb or VRBO in Incheon generates ₩6M per year. High-performing properties earn ₩17M/year, while low-performing properties earn ₩2M/year. Supply contraction of 30% YoY coupled with flat revenue suggests hosts are exiting the market faster than demand is growing, indicating intensifying competition for the remaining 25% occupancy rate. The nearly 3x revenue gap between high and average performers reveals significant operational variance in a tightening market."

Airbnb and VRBO can be profitable in Incheon. Average annual revenue is ₩6M with 25% occupancy. High-performing properties earn up to ₩17M/year. Declining supply suggests tightening market conditions, yet revenue remains flat, indicating demand hasn't offset reduced inventory. The significant gap between average and high performers suggests differentiation opportunities exist in a consolidating market.

The average occupancy rate for Airbnbs and VRBOs in Incheon is 25%. This occupancy level, combined with an average nightly rate of ₩88K, results in a RevPAR (revenue per available room) of ₩11K per day.

3-bedroom properties demonstrate the strongest performance in Incheon, with annual revenue of ₩13M. These properties balance operating costs and rental demand most effectively in the Incheon market. Property performance varies significantly by location, amenities, and management quality.

Short-term rental regulations vary by jurisdiction in the Incheon area. Incheon, Songdo: Moderate. Foreign Investment Zone allows some flexibility, but South Korea's Tourism Promotion Act requires business registration for stays under 30 days. Hosts must register with district office and obtain permits. Many operate informally through Airbnb without permits. Enforcement sporadic - authorities focus on large-scale violators rather than individual hosts. Zoning restrictions exist but inconsistently applied in newer Songdo developments. Always verify current regulations with local authorities and obtain necessary permits before operating a short-term rental.

The Incheon Airbnb and VRBO market is currently showing balanced conditions. Supply has declined 30% year-over-year, while RevPAR has decreased 11%. This indicates balanced supply-demand dynamics. The significant gap between average ($5.7M) and high revenue ($17.4M) properties suggests performance is highly stratified, while the 25% occupancy rate indicates substantial unutilized capacity despite reduced supply.

Launch around July, 2-3 months before peak fall season (October peaks). This pre-peak timing lets you build reviews when competition is 100% lower than peak months. Avoid launching during peak season when established listings dominate, or slow months (March-January) when gaining traction is harder.

The most common amenities in Incheon listings include: Air Conditioning (100%), Kitchen (98%), Heating (95%), Tv (92%), Washing Machine (92%). Amenities that boost revenue the most include Washing Machine, with Washing Machine properties earning approximately 4% more (₩18M/year vs ₩17M/year).

Monthly estimated revenue per listing in Incheon over the last 12 months: May: ₩309K, June: ₩287K, July: ₩401K, August: ₩377K, September: ₩359K, October: ₩551K, November: ₩344K, December: ₩323K, January: ₩195K, February: ₩221K, March: ₩259K, April: ₩400K. These figures are based on RevPAR (revenue per available room) multiplied by the number of days in each month.

The overall average nightly rate in Incheon is ₩88K, up 34% year-over-year. By property size: 1-bedroom properties average ₩74K/night, 2-bedroom properties average ₩110K/night, 3-bedroom properties average ₩135K/night. Rates peak in February and are lowest in May.

Guests in Incheon book an average of 21 days in advance, down 11% from last year. By property size: 1-bedroom: 20 days, 2-bedroom: 22 days, 3-bedroom: 26 days. Larger properties tend to have longer booking windows as guests plan group trips further ahead.

Over the past year, the Incheon Airbnb and VRBO market has seen the following changes: supply declined 30%, revenue per listing decreased 11%, occupancy fell 12%, average nightly rates increased 34%, and lead time decreased 11%. The sharp supply reduction coupled with rising rates suggests hosts are pricing aggressively to offset lower occupancy, while the wide gap between average and peak revenue indicates highly uneven market performance across listings.

In Incheon, Saturday sees the highest booking demand while Monday has the lowest. Nightly rates peak on Friday and are lowest on Monday. Weekends show 35% higher occupancy than weekdays.