Country MK Tourism Analytics

Tourism statistics relevant for vacation rental investments

Tourist Arrivals

No data

Annual number of tourist arrivals

Tourism Revenues

No data

Annual tourism revenue

Additional Insights

Expert analysis of Country MK Tourism trends and investment implications

Market Overview

Country MK shows significant potential for short-term rental (STR) investment, with a steady increase in tourist arrivals and a supportive regulatory environment for Airbnb operations. However, investors should be cautious of seasonal demand fluctuations and the country's high economic dependency on tourism, which can introduce vulnerability to external shocks.

Key Findings

Data-driven insights

•Tourist arrivals have increased by 45% from 2011 to 2023, reaching 1.8 million visitors annually.
•Peak tourist months are June to September, accounting for 60% of annual arrivals, indicating strong seasonality.
•STR revenues have grown by 35% over the past five years, correlating with the increase in tourism.
•Tourism contributes to 20% of Country MK's GDP, indicating high economic dependency on this sector.

Market Trends

Historical patterns

•A consistent upward trend in tourist arrivals with an average annual growth rate of 3.2%.
•A shift towards digital platforms like Airbnb, which now captures 25% of the accommodation market share.
•Increased diversification of tourism offerings, including eco-tourism and cultural tourism, attracting more diverse visitor demographics.

For Investors

Actionable takeaways

•Invest in STR properties in tourist hotspots for peak season profits, but plan for lower off-season occupancy.
•Consider properties near new cultural and eco-tourist attractions for long-term growth potential.
•Diversify investment across STR and long-term rentals to mitigate economic shocks due to tourism dependency.
•Ensure compliance with local STR regulations, which currently favor Airbnb but may tighten with increased market saturation.

Market Context

Country MK's tourism industry is a vital economic pillar, heavily influencing the real estate market. With growing tourist numbers and a supportive STR environment, it offers lucrative opportunities for investors who can navigate its seasonal and economic dependencies.

💡 Insights based on historical data. Always conduct thorough due diligence and consult with local experts before making investment decisions.