New Orleans edges ahead of Cambridge on higher occupancy (49.3% vs 32.9%), stronger RevPAR (£76 vs £50).
Head-to-head metrics
| Cambridge | New Orleans | |
|---|---|---|
| Median occupancy | 32.9% | 49.3% |
| Median daily rate | £187 | £175 |
| Median RevPAR | £50 | £76 |
| Active listings | 911 | 4,619 |
| YoY occupancy | -3.3 pts | -5.5 pts |
| YoY daily rate | +43.8% | +68.8% |
| Regulation risk | — | — |
| Annual night cap | None | None |
| License required | No | No |
Full analysis: Cambridge vs New Orleans
On the money side of this comparison — what a listing actually earns against the nights it has available — New Orleans finishes decisively ahead of Cambridge. Revenue per available night — rate and occupancy combined, the figure that actually reaches an owner — is 51.6% higher in New Orleans: £76 against £50. New Orleans sells 16.4 more points of its calendar — 49.3% median occupancy against 32.9% in Cambridge. That is not a rounding difference, and it compounds over a hold period.
The two markets reach their revenue by different routes, which is what makes this pairing worth reading rather than just tabulating. Cambridge is the rate market: £187 a night against £175, some 7.3% more, but it converts fewer of those nights at 32.9% occupancy. New Orleans is the volume market, filling 49.3% of its calendar at a lower headline price. Revenue per available night settles it: £76 in New Orleans against £50. Rate is what you advertise; RevPAR is what you bank.
That verdict needs a caveat, because Cambridge is not simply the weaker market of the two. Cambridge prices modestly above New Orleans — £187 a night to £175, about 7.3%. Cambridge is the less crowded of the two — 911 active listings to 4,619 — 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 Cambridge 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. Cambridge peaks in October at 75.6% and bottoms in February at 33.3%; New Orleans runs from 49.2% in September down to 30.6% in December. New Orleans is the steadier of the two at 18.6 points peak-to-trough against 42.3 — easier to underwrite against a mortgage — while Cambridge concentrates its return into a shorter window and rewards operators who price the peak aggressively instead of holding a flat rate all year.
Who each suits, then. Cambridge 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. It is the contrarian side: buying it means buying a market that has cooled. Every figure above comes from the same Inside Airbnb snapshot pipeline on both sides, dated 2026-09, filtered to listings with at least one booking in the last twelve months. Occupancy medians are drawn from 911 active Cambridge listings and 4,619 in New Orleans.
Frequently asked questions
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