Airbnb Renovation in Cartagena: ROI Guide for Property Investors

Cartagena's vacation rental market in 2026

Cartagena remains Colombia's top international tourist destination. Average Airbnb occupancy in Bocagrande and Getsemaní runs 70–85% year-round, with peak rates during December–January and Semana Santa. A well-renovated 2-bedroom apartment in Bocagrande earns COP 3,500,000–5,000,000 per month in rental income.

What renovation features drive 5-star reviews?

Based on our renovation of 200+ Cartagena vacation rentals, the features that most impact guest reviews are: powerful AC (essential), comfortable beds (hotel-quality mattresses), a well-equipped kitchen, reliable WiFi and a distinctive Caribbean design that photographs well. Properties with rooftop terraces or ocean views command a 30–40% premium.

Old City vs. Bocagrande: which is a better investment?

Old City colonial properties command the highest nightly rates (COP 400,000–600,000+) but require larger renovation investments and heritage compliance. Bocagrande apartments have lower renovation costs and higher occupancy but lower per-night rates. Getsemaní offers the best value-to-investment ratio for first-time Cartagena investors.

How to manage a renovation from abroad

At CaribeCraft, we work with many overseas owners who never visit the site during construction. The key is: establish clear specs before starting (material selections, color palette, furniture), agree on a fixed price with payment milestones and receive weekly photo/video updates. We handle all local paperwork, supplier relationships and quality control.