Waldbronn, Baden-Württemberg Airbnb Market Data 2025: STR Report & Statistics
How much can you earn on Airbnb in Waldbronn, Baden-Württemberg? Based on AirROI's 2025 dataset (October 2024 – September 2025), the short answer is $7,179 per year — at a $115 nightly rate, 34.3% occupancy, and a N/A RevPAR.
With just 17 active listings, Waldbronn is a micro-market where selective demand that rewards strong listing quality and pricing strategy. Supply grew 70.0% and nightly rates have risen, creating an environment where the most bookable listings stand to capture outsized share. Hosts who pair competitive pricing with strong guest experience are well-positioned to convert the growing traveler base into consistent bookings.
Regulation is low with minimal registration requirements, pointing to an operator-friendly environment. In a market this size, differentiated listings with strong reviews can capture outsized returns relative to the competition.
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What Are the Key Airbnb Metrics in Waldbronn?
In Waldbronn, the headline Airbnb metrics are $7,179 in average annual revenue,34.3% occupancy, $115 ADR, and $0 in RevPAR, and guests book about 27 days in advance.
How Much Do Airbnb Hosts Earn Monthly in Waldbronn?
Understanding the monthly revenue variations for Airbnb listings in Waldbronn is key to maximizing your short term rental income potential. Seasonality significantly impacts earnings. Our analysis, based on data from the past 12 months, shows that the peak revenue month for STRs in Waldbronn is typically December, while February often presents the lowest earnings, highlighting opportunities for strategic pricing adjustments during shoulder and low seasons. Explore the typical Airbnb income in Waldbronn across different performance tiers:
- Best-in-class properties (Top 10%) achieve $3,062+ monthly, often utilizing dynamic pricing and superior guest experiences.
- Strong performing properties (Top 25%) earn $1,802 or more, indicating effective management and desirable locations/amenities.
- Typical properties (Median) generate around $948 per month, representing the average market performance.
- Entry-level properties (Bottom 25%) see earnings around $502, often with potential for optimization.
Average Monthly Airbnb Earnings Trend in Waldbronn
What Is the Monthly Airbnb Occupancy Rate in Waldbronn?
Maximize your bookings by understanding the Waldbronn STR occupancy trends. Seasonal demand shifts significantly influence how often properties are booked. Typically, Decembersees the highest demand (peak season occupancy), while September experiences the lowest (low season). Effective strategies, like adjusting minimum stays or offering promotions, can boost occupancy during slower periods. Here's how different property tiers perform in Waldbronn:
- Best-in-class properties (Top 10%) achieve 76%+ occupancy, indicating high desirability and potentially optimized availability.
- Strong performing properties (Top 25%) maintain 57% or higher occupancy, suggesting good market fit and guest satisfaction.
- Typical properties (Median) have an occupancy rate around 30%.
- Entry-level properties (Bottom 25%) average 17% occupancy, potentially facing higher vacancy.
Average Monthly Occupancy Rate Trend in Waldbronn
What Is the Average Airbnb Nightly Rate in Waldbronn?
Effective short term rental pricing strategy in Waldbronn involves understanding monthly ADR fluctuations. The Average Daily Rate (ADR) for Airbnb in Waldbronn typically peaks in June and dips lowest during March. Leveraging Airbnb dynamic pricing tools or strategies based on this seasonality can significantly boost revenue. Here's a look at the typical nightly rates achieved:
- Best-in-class properties (Top 10%) command rates of $191+ per night, often due to premium features or locations.
- Strong performing properties (Top 25%) achieve nightly rates of $116 or more.
- Typical properties (Median) charge around $91 per night.
- Entry-level properties (Bottom 25%) earn around $74 per night.
Average Daily Rate (ADR) Trend by Month in Waldbronn
What Is the RevPAR for Airbnb in Waldbronn?
RevPAR in Waldbronn is currently N/A. Because RevPAR combines nightly rates with realized occupancy, it is one of the cleanest ways to compare how efficiently listings turn demand into revenue across the market.
- Entry-level properties (Bottom 25%) see N/A RevPAR.
- Typical properties (Median) generate N/A RevPAR.
- Strong performers (Top 25%) earn N/A RevPAR.
- Best-in-class (Top 10%) achieve N/A RevPAR.
Average Monthly RevPAR Trend in Waldbronn
RevPAR Insights for Waldbronn
- RevPAR peaks in Jan and bottoms out in Jan, mirroring the broader seasonal demand pattern and suggesting opportunities for dynamic pricing.
Recommendations for Hosts
- Track your own RevPAR monthly against these Waldbronn benchmarks. If your RevPAR falls below the median of N/A, examine whether low occupancy or low ADR is the primary drag.
- Use RevPAR rather than revenue alone when comparing properties of different sizes — it normalizes for available nights and gives a more accurate picture of performance.
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When Is the Peak Season for Airbnb in Waldbronn?
Waldbronn's peak Airbnb season falls in December, January, October, while the softest stretch is February, April, September. Overall, the market shows highly seasonal trends requiring careful strategy, which should guide pricing, minimum stays, and cash-flow planning.
Peak Season (December, January, October)
- Revenue averages $1,836 per month
- Occupancy rates average 49.2%
- Daily rates average $108
Shoulder Season
- Revenue averages $1,211 per month
- Occupancy maintains around 38.2%
- Daily rates hold near $114
Low Season (February, April, September)
- Revenue drops to average $791 per month
- Occupancy decreases to average 27.8%
- Daily rates adjust to average $109
Seasonality Insights for Waldbronn
- Airbnb seasonality in Waldbronn is pronounced. Revenue swings sharply between peak and low months, which means pricing strategy, minimum-stay settings, and cash reserves all need to account for extended slower periods.
- During the high season, the absolute peak month showcases Waldbronn's highest earning potential, with monthly revenues climbing to $2,096, occupancy reaching 54.3%, and ADRs peaking at $121.
- Conversely, the slowest single month marks the market's lowest point — revenue may dip to $614, occupancy could drop to 22.6%, and ADRs may adjust to $104.
- Lower occupancy paired with meaningful seasonality means hosts in Waldbronn need to maximize every peak-season booking and seriously consider whether off-season pricing adjustments or minimum-stay changes can capture incremental revenue.
Seasonal Strategies for Maximizing Profit
- Peak Season: Maximize revenue through premium pricing and potentially longer minimum stays. Ensure high availability and consider tightening cancellation policies to reduce last-minute gaps.
- Low Season: Offer competitive pricing, extended-stay discounts, and flexible cancellation policies. Target off-season travelers like remote workers, budget-conscious guests, and travelers with flexible schedules.
- Shoulder Seasons: Implement dynamic pricing that bridges peak and low rates. Target weekend travelers, local events, and business visitors. Slightly more flexible terms than peak season can help maintain occupancy without deep discounting.
- In a highly seasonal market like Waldbronn, building a cash reserve during the top months is essential for covering fixed costs during the slow period. Automated pricing tools can help capture demand shifts in real time.
Do You Need a License for Airbnb in Waldbronn?
Low regulation and minimal registration activity in Waldbronn, Baden-Württemberg, Germany point to an operator-friendly environment. That said, even low-regulation markets may have tax collection requirements, safety standards, or HOA rules that affect short-term rental operations. Always verify the latest short-term rental regulations and Airbnb license requirements directly with local government authorities for Waldbronn to ensure full compliance before hosting.
(Source: AirROI data, 2026, finding no licensed listings among those analyzed)
What Are the Best Neighborhoods for Airbnb in Waldbronn?
With a compact short-term rental market, Waldbronn gives early-mover hosts an advantage in the right neighborhoods. The areas listed below are where guest demand and local attractions converge — a useful lens for investors evaluating whether to enter this market and where to position their listing.
| Neighborhood / Area | Why Host Here? (Target Guests & Appeal) | Key Attractions & Landmarks |
|---|---|---|
| City Center | The heart of Waldbronn, featuring convenient access to shops, restaurants, and public transport. Ideal for both short-term and long-term stays. | Waldbronn Town Hall, Parks and green spaces, Local supermarkets |
| Enz Valley | A picturesque location by the Enz river, offering nature lovers beautiful views and outdoor activities. Perfect for guests wanting to enjoy nature and tranquility. | Enz Valley hiking trails, Cycling paths, Scenic picnic spots |
| Kaiserstraße | A lively street known for its cafes, restaurants, and cultural events. Great for guests who want to experience the local lifestyle and dining options. | Local eateries, Shopping venues, Cultural festivals |
| Anton-Bruckner-Straße | A quieter residential area that offers a relaxing atmosphere yet still close to the city amenities. Attractive for families and long-term visitors. | Residential parks, Playgrounds, Community events |
| Waldbronn Museums | Home to local historical and cultural exhibitions, drawing those interested in history and culture. Ideal for travelers looking for educational experiences. | Waldbronn Museum, Local history exhibits, Workshops |
| Nearby Hiking Trails | Proximity to hiking trails makes it a fantastic spot for outdoor enthusiasts and those looking for recreational activities. | Hiking paths, Nature reserves, Breathtaking viewpoints |
| Public Transport Stations | Close to public transport facilities, making it convenient for travelers looking to explore surrounding areas without a car. | Bus stops, Train stations, Easy access to nearby cities |
| Local Parks | Waldbronn's parks are excellent for relaxation and outdoor activities, appealing to families and nature lovers. | Waldpark, Vogelsang Park, Play areas |
With 8 distinct neighborhoods showing meaningful short-term rental activity, Waldbronn offers diversification within a single market. Investors can tailor their strategy — from high-turnover tourist zones to quieter residential areas that attract longer stays and remote workers.
What Types of Properties Are on Airbnb in Waldbronn?
Room Type Distribution
Property Type Distribution
Market Composition Insights for Waldbronn
- The Waldbronn Airbnb market composition is heavily skewed towards Entire Home/Apt listings, which make up 70.6% of the 17 active rentals. This indicates strong guest preference for privacy and space.
- Looking at the property type distribution in Waldbronn, Apartment/Condo properties are the most common (70.6%), reflecting the local real estate landscape.
- The presence of 23.5% Hotel/Boutique listings indicates integration with traditional hospitality.
Waldbronn Airbnb Room Capacity Analysis (2026): Bedroom Distribution
Distribution of Listings by Number of Bedrooms
Room Capacity Insights for Waldbronn
- The dominant room capacity in Waldbronn is 1 bedroom listings, making up 76.5% of the market. This suggests a strong demand for properties suitable for couples or solo travelers.
- Together, 1 bedroom and 2 bedrooms properties represent 88.3% of the active Airbnb listings in Waldbronn, indicating a high concentration in these sizes.
- With over half the market (76.5%) consisting of studios or 1-bedroom units, Waldbronn is particularly well-suited for individuals or couples.
- Listings with 3+ bedrooms (5.9%) represent a smaller niche, potentially indicating an underserved market for larger group accommodations in Waldbronn.
Waldbronn Vacation Rental Guest Capacity Trends (2026)
Distribution of Listings by Guest Capacity
Guest Capacity Insights for Waldbronn
- The most common guest capacity trend in Waldbronn vacation rentals is listings accommodating 3 guests (29.4%). This suggests the primary traveler segment is likely small families or groups.
- Properties designed for 3 guests and 4 guests dominate the Waldbronn STR market, accounting for 52.9% of listings.
- 11.8% of properties accommodate 6+ guests, serving the market segment for larger families or group travel in Waldbronn.
- On average, properties in Waldbronn are equipped to host 3.4 guests.
What Amenities Do Airbnb Guests Expect in Waldbronn?
Amenity Prevalence
Amenity Insights for Waldbronn
- Essential amenities in Waldbronn that guests expect include: Smoke alarm, Wifi. Lacking these (any) could significantly impact bookings.
- Popular amenities like Heating, TV, Essentials are common but not universal. Offering these can provide a competitive edge.
Recommendations for Hosts
- Ensure your listing includes all essential amenities for Waldbronn: Smoke alarm, Wifi.
- Consider adding popular differentiators like Heating or TV to increase appeal.
- Highlight unique or less common amenities you offer (e.g., hot tub, dedicated workspace, EV charger) in your listing description and photos.
- Regularly check competitor amenities in Waldbronn to stay competitive.
Dive Deeper: Advanced Waldbronn STR Market Data (2026)
Ready to unlock more insights? AirROI provides access to advanced metrics and comprehensive Airbnb data for Waldbronn. Explore detailed analytics beyond this report to refine your investment strategy, optimize pricing, and maximize your vacation rental profits.
Explore Advanced MetricsWaldbronn Airbnb Guest Demographics & Profile Analysis (2026)
Guest Profile Summary for Waldbronn
- The typical guest profile for Airbnb in Waldbronn consists of a mix of domestic (50%) and international guests, with top international origins including Switzerland, typically belonging to the Post-2000s (Gen Z/Alpha) group (50%), primarily speaking English or German.
- Domestic travelers account for 50.0% of guests.
- Key international markets include Germany (50%) and Switzerland (11.1%).
- Top languages spoken are English (43.8%) followed by German (25%).
- A significant demographic segment is the Post-2000s (Gen Z/Alpha) group, representing 50% of guests.
Recommendations for Hosts
- Balance marketing efforts between domestic and international channels based on the guest mix.
- Tailor amenities and listing descriptions to appeal to the dominant Post-2000s (Gen Z/Alpha) demographic (e.g., highlight fast WiFi, smart home features, local guides).
- Highlight unique local experiences or amenities relevant to the primary guest profile.
- Consider seasonal promotions aligned with peak travel times for key origin markets.
Waldbronn Airbnb Booking Patterns (2026): Available vs. Booked Days
Available Days Distribution
Booked Days Distribution
Booking Pattern Insights for Waldbronn
- The most common availability pattern in Waldbronn falls within the 271-366 days range, representing 70.6% of listings. This suggests many properties have significant open periods on their calendars.
- Approximately 88.2% of listings show high availability (181+ days open annually), indicating potential for increased bookings or specific owner usage patterns.
- For booked days, the 1-30 days range is most frequent in Waldbronn (47.1%), reflecting common guest stay durations or potential owner blocking patterns.
- A notable 11.8% of properties secure long booking periods (181+ days booked per year), highlighting successful long-term rental strategies or significant owner usage.
How Far in Advance Do Guests Book Airbnb in Waldbronn?
Average Booking Lead Time by Month
Booking Lead Time Insights for Waldbronn
- The overall average booking lead time for vacation rentals in Waldbronn is 27 days.
- Guests book furthest in advance for stays during June (average 76 days), likely coinciding with peak travel demand or local events.
- The shortest booking windows occur for stays in February (average 9 days), indicating more last-minute travel plans during this time.
- Seasonally, Summer (49 days avg.) sees the longest lead times, while Winter (24 days avg.) has the shortest, reflecting typical travel planning cycles.
Recommendations for Hosts
- Use the overall average lead time (27 days) as a baseline for your pricing and availability strategy in Waldbronn.
- For June stays, consider implementing length-of-stay discounts or slightly higher rates for bookings made less than 76 days out to capitalize on advance planning.
- During February, focus on last-minute booking availability and promotions, as guests book with very short notice (9 days avg.).
- Target marketing efforts for the Summer season well in advance (at least 49 days) to capture early planners.
- Monitor your own booking lead times against these Waldbronn averages to identify opportunities for dynamic pricing adjustments.
Waldbronn Airbnb Minimum Stay Requirements Analysis
Distribution of Listings by Minimum Night Requirement
1 Night
3 listings
17.6% of total
2 Nights
7 listings
41.2% of total
3 Nights
3 listings
17.6% of total
4-6 Nights
1 listings
5.9% of total
7-29 Nights
1 listings
5.9% of total
30+ Nights
2 listings
11.8% of total
Key Insights
- The most prevalent minimum stay requirement in Waldbronn is 2 Nights, adopted by 41.2% of listings. This highlights the market's preference for shorter, flexible bookings.
- A significant segment (11.8%) caters to monthly stays (30+ nights) in Waldbronn, pointing to opportunities in the extended-stay market.
Recommendations
- Align with the market by considering a 2 Nights minimum stay, as 41.2% of Waldbronn hosts use this setting.
- If feasible, allowing 1-night stays, especially midweek or during low season, could capture last-minute bookings, as only 17.6% currently do.
- A 2-night minimum appears standard (41.2%). Consider this for weekends or peak periods.
- Explore offering discounts for stays of 30+ nights to attract the 11.8% of the market seeking extended stays.
- Adjust minimum nights based on seasonality – potentially shorter during low season and longer during peak demand periods in Waldbronn.
Waldbronn Airbnb Cancellation Policy Trends Analysis (2026)
Flexible
3 listings
18.8% of total
Moderate
6 listings
37.5% of total
Firm
3 listings
18.8% of total
Strict
4 listings
25% of total
Cancellation Policy Insights for Waldbronn
- The prevailing Airbnb cancellation policy trend in Waldbronn is Moderate, used by 37.5% of listings.
- There's a relatively balanced mix between guest-friendly (56.3%) and stricter (43.8%) policies, offering choices for different guest needs.
Recommendations for Hosts
- Consider adopting a Moderate policy to align with the 37.5% market standard in Waldbronn.
- Regularly review your cancellation policy against competitors and market demand shifts in Waldbronn.
What Do the Top Airbnb Listings in Waldbronn Look Like?
Benchmark your potential! Explore examples of top-performing Airbnb properties in Waldbronnbased on Trailing Twelve Month (TTM) revenue. Analyze their characteristics, revenue, occupancy rate, and ADR to understand what drives success in this market.
130" SAT-TV Laser Projector Sound balcony 2parking
Entire Place • 2 bedrooms
Kur-Apartment Matilda
Entire Place • 1 bedroom
Beautiful granny apartment for 3 adults Waldbronn
Entire Place • 1 bedroom
Beautiful attic apartment with a view of the Black Forest
Private Room • N/A
FeWo ALBTALECK - Living in the spa town of Waldbronn
Entire Place • 1 bedroom
Vacation home at Altfeld
Entire Place • 2 bedrooms
Note: Performance varies based on location, size, amenities, seasonality, and management quality. Data reflects the past 12 months.
Who Are the Top Airbnb Hosts in Waldbronn?
Learn from the best! This table showcases top-performing Airbnb hosts in Waldbronn based on the number of properties managed and estimated total revenue over the past year. Analyze their scale and performance metrics.
| Host Name | Properties | Grossing Revenue | Stay Reviews | Avg Rating |
|---|---|---|---|---|
| Rico J. | 3 | $36,959 | 64 | 4.98/5.0 |
| Sergej | 1 | $25,604 | 23 | 4.83/5.0 |
| Anja | 1 | $15,438 | 92 | 4.95/5.0 |
| Sebastian | 1 | $9,335 | 62 | 4.92/5.0 |
| Christine | 1 | $7,048 | 6 | 5.00/5.0 |
| Sabrina | 1 | $6,713 | 10 | 4.90/5.0 |
| Siegfried | 1 | $6,421 | 9 | 4.89/5.0 |
| Sarah | 1 | $3,653 | 8 | 4.88/5.0 |
| Christian & Katarina | 1 | $3,448 | 32 | 5.00/5.0 |
| Host #402354111 | 1 | $3,228 | 0 | Not Rated |
Analyzing the strategies of top hosts, such as their property selection, pricing, and guest communication, can offer valuable lessons for optimizing your own Airbnb operations in Waldbronn.
How Does Waldbronn's Airbnb Market Compare to Nearby Cities?
How does the Waldbronn Airbnb market stack up against its neighbors? Compare key performance metrics like average monthly revenue, ADR, and occupancy rates in surrounding areas to understand the broader regional STR landscape.
Compared with Rothenburg, Waldbronn has 28 percentage points lower occupancy and about $192 lower ADR. That helps frame whether this market is winning more on demand, pricing, or both.
| Market | Active Properties | Monthly Revenue | Daily Rate | Avg. Occupancy |
|---|---|---|---|---|
| Rothenburg | 11 | $5,949 | $306.85 | 62% |
| Bassersdorf | 16 | $5,060 | $396.71 | 49% |
| Ittenheim | 20 | $4,902 | $296.39 | 43% |
| Vitznau | 31 | $4,497 | $418.70 | 46% |
| Furdenheim | 19 | $4,363 | $394.50 | 41% |
| Lucerne | 330 | $4,069 | $290.93 | 52% |
| Brand | 63 | $4,049 | $532.82 | 32% |
| Bürserberg | 44 | $3,957 | $329.10 | 42% |
| Le Valtin | 14 | $3,634 | $373.83 | 42% |
| Weggis | 53 | $3,337 | $265.69 | 46% |
Frequently Asked Questions About Airbnb in Waldbronn
These quick answers summarize the most common investor and operator questions using AirROI's latest market data for Waldbronn.
How much do Airbnb hosts make in Waldbronn?
Waldbronn hosts earn about $7,179 per year on average, with an average nightly rate of $115 and RevPAR of N/A. Those figures describe the typical revenue environment for active listings in Waldbronn, Baden-Württemberg, not the ceiling for the best operators. Source: AirROI 2025 data, Waldbronn market, October 2024 to September 2025.
What is the average Airbnb occupancy rate in Waldbronn?
The average Airbnb occupancy rate in Waldbronn is 34.3%. December is the strongest month and February is the softest, so hosts should expect demand to move meaningfully throughout the year rather than stay flat.
What is the average Airbnb daily rate in Waldbronn?
Listings in Waldbronn average $115 per night. The broader pricing spread also matters: lower-performing listings cluster closer to the lower quartiles, while premium homes can price materially above the city average when demand spikes or listing quality stands out.
How many Airbnb listings are active in Waldbronn?
Waldbronn currently has about 17 active Airbnb listings in AirROI's market dataset. That supply count helps explain how competitive the market is, how much depth there is for benchmarking, and whether the market behaves like a niche destination or a scaled urban market.
How strict are short-term rental regulations in Waldbronn?
AirROI currently classifies the short-term rental regulation level in Waldbronn as Low. The dataset also shows about 0.0% of listings with registration evidence. That is a market signal, not legal advice, so hosts should still confirm current licensing and compliance rules locally before listing.
What is the RevPAR for Airbnb in Waldbronn?
RevPAR in Waldbronn is about N/A. That metric combines pricing and occupancy into one efficiency number, so it is often a better quick benchmark than ADR alone when investors want to compare how well listings convert nightly rates into realized revenue.
Is Airbnb profitable in Waldbronn?
Occupancy of 34.3% means Waldbronn is a more selective market. Profitability is achievable but requires careful cost management, premium positioning, or targeting longer stays to reduce turnover. Average annual revenue is $7,179, but individual returns depend on property type, location within the city, and the host's operating efficiency.
How far in advance do guests book Airbnb in Waldbronn?
The average booking lead time in Waldbronn is about 27 days — a moderate lead time that gives hosts planning visibility while still benefiting from last-minute bookings. Hosts who understand their market's booking cadence can adjust minimum stays and pricing windows accordingly.
What are the best neighborhoods for Airbnb in Waldbronn?
Based on AirROI's analysis, some of the top neighborhoods for short-term rentals in Waldbronn include City Center, Enz Valley, Kaiserstraße. Each area attracts different guest profiles — from business travelers to leisure visitors — so the best location depends on the property type and target audience a host is aiming for. See the full neighborhood breakdown above.
What type of property performs best on Airbnb in Waldbronn?
entire_home listings make up 70.6% of the active supply in Waldbronn. The most common configuration does not always mean the most profitable — operators who identify underserved property types or bedroom counts can sometimes outperform the market average by filling a gap in local supply.
How does Waldbronn compare to nearby Airbnb markets?
Among neighboring markets, Rothenburg posts $71,383 in average annual revenue with 62.2% occupancy, compared to Waldbronn's $7,179 and 34.3%. Comparing nearby markets helps investors understand whether a destination's performance reflects local demand or broader regional trends.
When is the peak season for Airbnb in Waldbronn?
December is the highest-revenue month in Waldbronn, while February is the softest. The revenue spread between them indicates a highly seasonal market — revenue in the peak month is more than double the low month, so cash-flow planning and pricing automation are critical.
About AirROI Market Data
AirROI tracks over 20 million properties across 190+ countries and maintains 15+ years of historical performance data, making it one of the deepest Airbnb and STR intelligence platforms available. The analytics pipeline aggregates listing-level data monthly — revenue, occupancy, nightly rates, RevPAR, guest demographics, booking patterns, and competitive supply — so investors and operators can benchmark any market against its own history and against neighboring destinations.
Real estate investors, property managers, financial institutions, hedge funds, tourism boards, hospitality consultants, tech platforms, and academic researchers rely on AirROI data to underwrite acquisitions, optimize pricing, model macro trends, and conduct peer-reviewed research. Data is available through in-depth market reports like this one and the Airbnb API with 22 endpoints and an Airbnb MCP Server for AI agents.
AirROI proprietary analytics as of 2025-09-30. Metrics reflect trailing twelve-month aggregates from active listings. Revenue figures are market averages, not projections. Neighborhood descriptions are AI-generated and reviewed for accuracy. For full methodology, see the data methodology page.