Is it profitable to do Airbnb in George Town, Malaysia?
What is the occupancy rate of Airbnb in George Town, Malaysia?
What is the average daily rate of Airbnb in George Town, Malaysia?
Malaysia / George Town
George Town, Airbnb Market Statistics & Data, Malaysia
A typical short-term rental listing in George Town is booked for 226 nights a year, with a median occupancy rate of 62% and an average daily rate of MYR247. In 2023, a typical host income (annual revenue) was MYR55K. As of 12th September, 2024, there are 1,774 active Airbnb listings.
Average Revenue: MYR55K/yr
Occupancy Rate
62%
Avg Daily Rate
MYR247
Budget
No. of Listings
2,179
Medium
YoY Revenue Change
-3.3%
Best Month
December
** Period: 2023 Aug - 2024 July | Last Updated on: 12th September, 2024
Revenue By Month
2023-08 - 2024-07
Low
MYR2,871
Average
MYR4,702
High
MYR5,939
Is Airbnb Profitable in George Town?
Yes, there is good short-term rental demand. A 62% median occupancy rate is considered a good market for Airbnb. The graph below shows the average monthly host income by month.
Tip! investing in a short-term rental can be highly stable and profitable. It’s stable because housing has been one of the most stable asset classes. Also, when you can’t do an Airbnb anymore, you can still rent it out to a long-term tenant with a lower yield. It is highly profitable because the monthly cash flow from short-term rental investment typically is double the amount of traditional rentals.
Starting an Airbnb in George Town
Short-term rental regulation is lenient in George Town. Very few Airbnb listing currently have put their license number on their Airbnb listing. This likely means the local government is not strictly enforcing the short-term rental-related regulations.
Average Airbnb Occupancy Rate in George Town
A typical listing recorded a 62% average occupancy rate between 2023-08 - 2024-07. In this graph, you can see the occupancy rate distribution. About 40.58% of the guests are international guests, and visitors from Malaysia is the largest group. Learn more about guest origin!.
You can find the distribution graph of daily rate and revenue in our market dashboard.
You can find the distribution graph of daily rate and revenue in our market dashboard.
Occupancy Rate: 62%
1,774 Active Listings
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Explore George Town's Airbnb Data ⟶
Best Areas in George Town for Airbnb
Are you wondering where to invest in George Town? Look no further!
- Penang Hill
- George Town Heritage Area
- Kek Lok Si Temple
- Penang Street Art
- Khoo Kongsi Clan House
- Fort Cornwallis
- Penang Peranakan Mansion
- Cheong Fatt Tze Mansion (Blue Mansion)
- Gurney Drive
- Penang Botanic Gardens
Top demand Airbnb in George Town
Airbtics has been tracking all Airbnb listings since 2019. This allows us to understand interesting metrics, like which properties earn the most in the market. Here are our top picks. Go to the app to find detailed information about 1,774 listings.
See 1,774 listing Statistics
Professional Short-term rental property managers in George Town
We've compiled a list of host profiles that manage the most Airbnb properties in George Town. The dashboard shows their average occupancy rate, revenue, and year-over-year changes.
Other short-term rental market data in George Town
Here is a breakdown of short-let properties in George Town. You might wonder about more specific data before buying an Airbnb property. For example, how much can an average listing with 4 bedrooms and a pool make? Or, what is the seasonality in booking? When is the peak month? Click the below button and check out more in-depth vacation rental data for free.
Property Size
Amenities
Property Type
Cancelation Policy Type
By Channel Type