The properties that generate the most income through vacation rentals on Airbnb and other platforms are STUDIO UNITS and 1-BEDROOM APARTMENTS.
I will demonstrate the reasons with real data.
Why trust my data?
I have been managing properties for vacation rentals in Playa del Carmen and Tulum for 6 years, and I also have 3 years of experience as a real estate advisor selling properties.
You can verify the success stories on this website and my YouTube channel.
The best type of property.
The most common types of properties in the Riviera Maya are:
- Studio apartment
- 1-bedroom apartment
- 2 or more bedroom apartment
- House
- Penthouse
- Lock off
And studio apartments and 1-bedroom apartments are the best for vacation rentals, but you should consider that 1-bedroom apartments have an extra cost, I’ll explain it further.
Why are the best?
- In Playa del Carmen and Tulum, these are the types of properties that generate the most money with vacation rentals.
- They have higher demand.
- They have a lower cost.
Here, 80% of tourists arrive alone or with a companion (data from said + sedetur), so the units with the highest demand are of this type (studio and 1-bedroom apartment).
What are the differences between a Studio and a 1-bedroom apartment?
There are mainly 2:
- The studio is a studio apartment, meaning it’s a single space where everything is located, such as the bed, dining area, air conditioning, and kitchenette. The only thing separated by a door is the bathroom.
- In the 1-bedroom apartment, there is a wall with a door that separates the bedroom from the rest, this is the main difference. On average, this raises the price by 10%. Additionally, this type of unit has 1 more air conditioning unit than the studio, so maintenance, electricity, and cleaning costs are higher.
What is the difference between a studio and an apartment?
The main difference between the studio and the 1-bedroom apartment is that the bedroom is separated by a wall with a door from the rest of the apartment. A studio apartment is a single space, housing the kitchen, bedroom, and other amenities in one room, with only the bathroom being separated.
What is cheaper? A studio or an apartment.
The studio is always cheaper than the apartment. If we compare them under the same circumstances such as square footage, amenities, and location, the studio usually costs an average of 10% less.
Can two people live in a studio?
Studios are primarily designed to be inhabited by one or two people.
Yes, two people can live in a studio; however, they should consider that it is a small space (average of 40 m2) without partitions.
In some cases, living in a studio with two people may require careful organization and arrangement of furniture to maximize space and ensure comfort.