Chincoteague area — Onancock, VA · Occupancy & ADR
Chincoteague area — Onancock occupancy rate and average daily rate
A well-run Chincoteague area — Onancock short-term rental models at 50% occupancy — about 183 booked nights a year — at an average daily rate of $188. That works out to $94 of revenue per available night.
Occupancy
50%
183 nights booked
Average daily rate
$188
Revenue per available night
$94
ADR × occupancy
Typical stay length
4.2 nights
≈ 44 turnovers a year
Rate versus nights booked
In Chincoteague area — Onancock the two levers move against each other. Modelled outcomes at three pricing positions:
| Pricing position | Nightly rate | Occupancy | Nights | Gross revenue |
|---|---|---|---|---|
| Price 10% under the market | $169 | 56% | 204 | $34,544 |
| Market pricing | $188 | 50% | 183 | $34,310 |
| Price 10% over the market | $207 | 44% | 161 | $33,244 |
The trade-off uses a modelled price elasticity: a 10% price move shifts occupancy by roughly 12% in the opposite direction. Real elasticity varies by property and by season — treat this as a way to frame the decision, not a forecast.
Occupancy by month
| Month | Modelled occupancy | Modelled ADR |
|---|---|---|
| Jan | 40% | $160 |
| Feb | 42% | $165 |
| Mar | 50% | $188 |
| Apr | 56% | $205 |
| May | 56% | $205 |
| Jun | 54% | $199 |
| Jul | 54% | $199 |
| Aug | 52% | $194 |
| Sep | 52% | $194 |
| Oct | 56% | $205 |
| Nov | 48% | $182 |
| Dec | 40% | $160 |
Compare Chincoteague area — Onancock with nearby markets
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