New Orleans edges ahead of Bozeman on higher occupancy (60% vs 54%), stronger RevPAR (£47 vs £44).
Head-to-head metrics
| Bozeman | New Orleans | |
|---|---|---|
| Median occupancy | 54% | 60% |
| Median daily rate | £130 | £103 |
| Median RevPAR | £44 | £47 |
| Active listings | 464 | 4,939 |
| YoY occupancy | +17.8 pts | — |
| YoY daily rate | +0% | — |
| Regulation risk | — | — |
| Annual night cap | None | None |
| License required | No | No |
Full analysis: Bozeman vs New Orleans
New Orleans finishes clearly ahead of Bozeman on our composite of occupancy, revenue per available night and regulation risk — and it is the calendar rather than the price tag doing the work. New Orleans's listings run at 60% occupancy against 54% in Bozeman, worth 6 extra points of booked calendar every year. New Orleans is the deeper market at 4,939 active listings against 464, which usually means better comparables going in and a wider buyer pool coming out. Those gaps are wide enough to survive a normal year's variance.
The two markets reach their revenue by different routes, which is what makes this pairing worth reading rather than just tabulating. Bozeman is the rate market: £130 a night against £103, some 26% more, but it converts fewer of those nights at 54% occupancy. New Orleans is the volume market, filling 60% of its calendar at a lower headline price. Revenue per available night settles it: £47 in New Orleans against £44. Rate is what you advertise; RevPAR is what you bank.
That verdict needs a caveat, because Bozeman is not simply the weaker market of the two. Bozeman commands 26% more per night, £130 against £103. Bozeman is the less crowded of the two — 464 active listings to 4,939 — so a well-run property has fewer near-identical rivals to out-rank. If your model leans on nightly rate rather than volume, the ordering above can reasonably flip.
Neither Bozeman nor New Orleans currently has a verified short-term rental regulation record in our register, so the comparison above is a yield comparison only. Regulation is the single largest source of downside in this asset class — an unverified market is an unpriced risk, not an absent one.
The two calendars also behave differently. Bozeman peaks in November at 45.4% and bottoms in April at 25.2%; New Orleans runs from 52.2% in August down to 29.9% in December. Both swing by a similar amount across the year, so neither offers meaningfully steadier cash flow than the other.
Who each suits, then. Bozeman suits buyers who want a conventional, lightly regulated entry and who can hold rate through the shoulder season rather than discounting to fill the calendar. New Orleans answers to the same regulatory profile, so the split between them is operational rather than legal: it is the market for an owner whose economics survive high turnover — more bookings, more cleans, more guest contact per pound of revenue. Every figure above comes from the same Inside Airbnb snapshot pipeline on both sides, filtered to listings with at least one booking in the last twelve months. Occupancy medians are drawn from 202 active Bozeman listings and 1,475 in New Orleans.
Frequently asked questions
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