Vacancy Rate

Definition

Vacancy rate = number of unrented days / 365. In Thailand, a good Property Manager maintains the vacancy rate below 10% (= 36 unrented days / year) for long-term rentals and below 22% (78 unrented days / year) for Airbnb. Beyond these thresholds, net yield is significantly degraded. Vacancy rate depends on property quality, asking price, main photograph, portal used, and active marketing (push email, social media).