Short Term Rental Management in Thermopolis, Wyoming

Short Term Rental Management in Thermopolis

Awning offers full-service vacation rental property management for busy vacation rental owners and Airbnb hosts in Thermopolis, Wyoming. Starts at 15% of revenue.

Best Airbnb Management in Thermopolis, Wyoming

Awning offers local Airbnb management for short-term rental owners. Get management starting at 10%.

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Thermopolis, Wyoming

Thermopolis, Wyoming is a sought-after destination for travelers looking for a unique and relaxing vacation experience. Known for its natural hot springs, breathtaking landscapes, and charming small-town atmosphere, Thermopolis offers visitors a chance to unwind and rejuvenate. With a range of outdoor activities like hiking, fishing, and wildlife spotting, as well as cozy accommodations and local dining options, it's no wonder that Thermopolis is an appealing location for Airbnb rentals, attracting those seeking a tranquil and memorable getaway.

Thermopolis experiences distinct seasonal demand driven by its famous hot springs and outdoor recreation opportunities, with peak season during summer months (June-August) when tourists visit the world's largest hot springs and enjoy outdoor activities in the surrounding wilderness. Fall brings moderate demand from hunters and visitors enjoying autumn scenery, while winter sees reduced occupancy despite the appeal of hot springs in cold weather, due to harsh Wyoming winter conditions and limited accessibility. Spring marks gradual increases as weather improves and outdoor recreation resumes. The town's unique attraction as home to Hot Springs State Park creates consistent interest among tourists seeking authentic Western experiences and natural hot springs therapy, though the remote location and extreme weather patterns create pronounced seasonal variations in demand and pricing.

Thermopolis’ municipal code is the authoritative source for local rules; Wyoming lacks a single statewide STR license so Thermopolis follows its town code and any local permitting/land-use rules found in the town code (hosts should review the Thermopolis municipal code for lodging, zoning and occupancy provisions). (thermopoliswy.gov)

Managing an Airbnb in Thermopolis, Wyoming can be challenging for hosts, especially in terms of adhering to local regulations and maintaining the property. However, a professional Airbnb management company can alleviate these difficulties by taking care of property management tasks like cleaning, maintenance, and guest communication. Additionally, they can offer valuable assistance in complying with local regulations and optimizing bookings.

In Thermopolis, Wyoming, the most desirable features and locations for Airbnb rentals are properties that are near the hot springs, offer scenic views of the surrounding nature, and are situated in popular areas like downtown Thermopolis or near Hot Springs State Park. Well-kept properties with modern amenities like heating and Wi-Fi, along with cozy furnishings and access to a hot tub or outdoor pool, are also highly sought-after by visitors.

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Market overview
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Airbnb seasonality
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Short-term rental regulations
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Airbnb property management
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Locations and amenities
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Thermopolis, Wyoming

Thermopolis is a unique small town in central Wyoming, famous for having the world's largest mineral hot springs and serving as a gateway to the scenic Bighorn Basin. The town's name means "hot city" in Greek, reflecting its identity as a natural thermal resort destination that has attracted visitors for over a century. Thermopolis offers an authentic Wyoming experience with its combination of natural wonders, Western heritage, and small-town hospitality, providing visitors access to hot springs bathing, paleontology sites, and stunning high desert landscapes. The town's distinctive attractions, including Hot Springs State Park and the Wyoming Dinosaur Center, create a niche tourism market that generates steady demand for accommodations despite its remote location.

Rental Seasonality

Thermopolis experiences distinct seasonal demand driven by its famous hot springs and outdoor recreation opportunities, with peak season during summer months (June-August) when tourists visit the world's largest hot springs and enjoy outdoor activities in the surrounding wilderness. Fall brings moderate demand from hunters and visitors enjoying autumn scenery, while winter sees reduced occupancy despite the appeal of hot springs in cold weather, due to harsh Wyoming winter conditions and limited accessibility. Spring marks gradual increases as weather improves and outdoor recreation resumes. The town's unique attraction as home to Hot Springs State Park creates consistent interest among tourists seeking authentic Western experiences and natural hot springs therapy, though the remote location and extreme weather patterns create pronounced seasonal variations in demand and pricing.

Top Neighborhoods & Attractions

Downtown Thermopolis features the historic business district with local shops, restaurants, and accommodations near the hot springs. The Hot Springs State Park area offers lodging options with direct access to thermal pools and wildlife viewing. The East Thermopolis area provides residential neighborhoods with mountain views, while the rural outskirts offer ranch properties and access to outdoor recreation. Hot Springs State Park features the world's largest mineral hot springs with free public bathing facilities and commercial pools at the State Bath House. The Wyoming Dinosaur Center showcases one of the world's most productive fossil sites with dig experiences and museum exhibits. The Thermopolis-Hot Springs County Airport Museum displays vintage aircraft and aviation history. Wedding of the Waters is a unique geological site where the Wind River becomes the Bighorn River. The Legend Rock Petroglyph Site contains ancient Native American rock art accessible via guided tours. Boysen State Park offers fishing, boating, and camping along Boysen Reservoir, while the surrounding high desert landscape provides opportunities for hiking, wildlife viewing, and experiencing authentic Wyoming's rugged natural beauty.

Average Daily Rate

$163

Average Occupancy Rate

62%

Property Management Fees

15% to 30%

Average Annual Revenue

$24,407

Taxes & Regulations in Thermopolis, Wyoming

Short Term Rental Regulations

Thermopolis’ municipal code is the authoritative source for local rules; Wyoming lacks a single statewide STR license so Thermopolis follows its town code and any local permitting/land-use rules found in the town code (hosts should review the Thermopolis municipal code for lodging, zoning and occupancy provisions). (thermopoliswy.gov)

Taxes

Wyoming STR tax rules vary by locality — hosts should collect and remit state and any local lodging/sales taxes and follow town code filing/permit obligations. (RedAwning)

Ease of Regulation

Variable (Easy→Difficult depending on locality) — Wyoming’s lack of uniform state rules means Thermopolis could be relatively straightforward if the town has light permitting, or restrictive if local code includes lodging/occupancy limits; check the Thermopolis town code for specifics. (thermopoliswy.gov)

Types of Short Term Rental Properties in Thermopolis, Wyoming

Thermopolis's rental inventory emphasizes authentic Western experiences and hot springs access, including rustic cabins and cottages with proximity to Hot Springs State Park and natural mineral pools, traditional Western-style homes reflecting the area's ranching heritage and frontier character, and modern accommodations designed for hot springs tourists seeking comfort and convenience. Many properties cater to visitors seeking therapeutic hot springs experiences with features like outdoor soaking areas, proximity to natural thermal pools, and authentic Wyoming ranch aesthetics. The market includes family-friendly accommodations for national park visitors, romantic getaway properties for couples seeking unique hot springs experiences, and hunting lodges serving outdoor recreation enthusiasts. Properties often emphasize the unique combination of natural hot springs, dinosaur fossil attractions, and authentic Western hospitality in one of Wyoming's most distinctive small towns.

Bedrooms
Average daily rate
1 bed

$131

2 bed

$149

3 bed

$212

4+ bed

$138

Why choose Awning

We have an experienced team and a suite of technology dedicated to providing the best service possible.

Awning logo
Other property managers
Cost
Starting at 10%
25-40%
Host communications
Dedicated phone and text line with no time on hold
Chat bots, hold lines and email threads
Insurance
Robust liability and dwelling coverage for every reservation
Spotty coverage with low claim approval rates
Contract
Pricing
Communication
Management
Maintenance
Reporting
Value

No cancellation fees
No contract lock-in
Just 90 days notice to cancel

Annual contracts with cancellation penalties

Awning logo
Other
Cost
Starts at 5%
25-40%
Host communications
Dedicated phone and text line with no time on hold
Chat bots, hold lines and email threads
Insurance
Robust liability and dwelling coverage for every reservation
Spotty coverage with low claim approval rates
Average guest rating

No cancellation fees
No contract lock-in
Just 90 days notice to cancel

Annual contracts with cancellation penalties

Experience in numbers

Rest well knowing your property is managed by an experienced team powered by world-class technology.

+10-30%

in gross revenue

4.8 stars

guest rating

5+ years

managing STRs

What you get with Awning in Thermopolis, Wyoming

Taking care of your home

Awning’s team ensures your home is maintained and stocked well and always ready for its next booking.

Making guests happy

With an always available operations and support team, we’re available to take the 2am call about the toilet to make your guest happy.

Attract the most guests

We use our data and best practices to ensure your listing performs as well as possible and makes you the most money.

Unlock your home’s potential

Schedule a call to learn more about Awning’s Short Term Rental Property Management Service.

Connect with a property manager

Get in touch about full-service vacation rental management.

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FAQ

What is vacation rental management?

Vacation rental management is the full operation of a short-term rental property, including listing optimization, booking coordination, guest communication, cleaning, and maintenance to maximize revenue and satisfaction. It’s ideal for owners who want a hands-off income stream. Learn how it works with Awning’s vacation rental management services.

How does Airbnb management work?

Airbnb management covers optimizing your listing, managing bookings and calendars, messaging guests, coordinating cleaning and repairs, and adjusting pricing to drive revenue. A professional manager handles these tasks so owners can stay passive.

What are the benefits of hiring a professional Airbnb manager?

Professional Airbnb managers handle everything from guest inquiries and pricing to maintenance and compliance, resulting in higher efficiency, more consistent occupancy, and better reviews—even while you focus on other priorities. Explore more at Awning’s owner resources.

What is full-service vs half-service vacation rental management?

Full-service management covers everything from listing creation and pricing to guest support, cleaning, and maintenance. Half-service plans handle fewer operational tasks, often leaving cleaning and guest messaging to the owner. See full-service benefits.

Are there restrictions on personal use for properties under Awning management?

Owners can block dates on the calendar for personal use as long as it doesn’t conflict with existing bookings. Discuss your calendar preferences directly with your Awning advisor. Start with Awning contact & advisor scheduling.

How much are Awning property management fees?

Awning’s full-service vacation rental management fees start at 10% of monthly revenue, depending on property type, location, and services needed. This competitive pricing includes core management but may vary with additional offerings. See the full breakdown at Airbnb management fees explained.

What services does Awning vacation rental management offer?

Awning handles all key short-term rental management services, including:

  • Listing optimization & marketing
  • Dynamic pricing models
  • Guest communication & calendar management
  • Cleaning, linen, and restocking
  • Pool, hot tub & lawn maintenance
  • Smart home automation & guidebooks

Explore the full services list at Awning vacation rental management services.

Can Awning help me convert a rental property or home into an Airbnb?

Yes — Awning assists owners from property selection and furnishing to final setup and ongoing management so your home is optimized for revenue on Airbnb and other platforms. Start with Awning’s get started page.

How does Awning compare to Vacasa?

Awning delivers full-service management at a lower starting percentage and greater fee transparency than Vacasa, which typically charges higher rates with additional service costs. See Vaasa Fees explained.

How does Awning compare to Evolve?

Unlike Evolve’s half-service model, Awning provides full operational support including cleaning, pricing, and guest communication for a truly hands-off experience. More on full vs half service.

Does Awning offer insurance for hosts and their properties?

Awning provides tailored insurance options that cover property and income risks related to short-term rental activity. Ask your advisor for a tailored quote.

Will Awning maintain amenities like pools and hot tubs?

Yes — Awning coordinates maintenance for features like pools, hot tubs, and outdoor areas so amenities remain guest-ready and compliant. These are part of Awning’s property maintenance services.

What is the pet policy for properties under Awning management?

Pet policies are set by the property owner. Awning supports owner-defined pet rules and can assist with additional cleaning or maintenance plans as needed. Link to your preferences via Awning support.

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