This is for a simple reason: hot tubs mean luxury. Since vacation spots with hot tubs are in higher demand, people will pay more for a place with a hot tub. Purchasing a hot tub for a vacation rental unit can really place the property in a league of its own. This is particularly true for cabins in the woods or mountain locations like ski resorts. The hot tub he purchased cost him only $4,000.ĭepending on where your property is located, potential guests may pass on a property specifically because it does not have a hot tub. Bill May, who owns more than a hundred rental properties in both Hawaii and the mainland US, said that he experienced a $14,000 annual increase in revenue for a single property-simply by adding a hot tub. That means that in just a couple of years, the tub will most likely have paid for itself, and then it's all profit from there.īut markets are different everywhere. While that is a hefty price tag, the average Airbnb could see around a $5,000 annual profit increase from adding a hot tub when you consider the increased occupancy you'll get, plus the higher nightly rate you're able to charge. Aside from the tub itself, you'll have to factor in delivery (often included with the purchase of a new spa), electrical work, and any site prep or specialist installation work that needs to be done to get the spa into position. Upfront costsįor a hot tub itself, prices can run anywhere from around $2,000 for the very basic to $16,000+ for ultra high-end models. Here, you're looking at two things: initial installation, and ongoing maintenance costs.
The first question you'll have is around costs. Best practices for running a vacation rental with a hot tubĭo hot tubs in vacation rentals make financial sense?.The downsides of vacation rental hot tubs.How big should a hot tub be in a vacation rental?.
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