George Town
Airbnb Market Data & Overview
Malaysia

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?

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George Town, Malaysia Airbnb Data

Last updated on: 15th May, 2024

Malaysia / George Town
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.
Without further ado, let's see if George Town is good for Airbnb.

Is Airbnb Profitable in George Town ?

Yes, there is a good short-term rental demand..
Occupancy Rate

63%

MYR247

Daily Rate

MYR58K

Revenue (2023)

1,819

Number of Listings
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A typical short-term rental listing in George Town is booked for 230 nights a year, with a median occupancy rate of 63% and an average daily rate of MYR247. In George Town, A typical host income (annual revenue) was MYR58K in 2023. There are 1,819 active Airbnb listings as of 2024-04-15.
A 63% median occupancy rate is considered a good market to do an Airbnb. Take professional photos of your property, get a few good reviews on Airbnb, then you are likely to make good income.

Best Areas in George Town for Airbnb

Best Areas in George Town for Airbnb Are you wondering where to invest in George Town? Look no further! Here are 10 areas travelers often search for. You can find the short-term rental statistics of all of these neighborhoods from Airbtics! Check out which neighborhood has the highest rental demand. 🚀
  1. Penang Hill
  2. George Town Heritage Area
  3. Kek Lok Si Temple
  4. Penang Street Art
  5. Khoo Kongsi Clan House
  6. Fort Cornwallis
  7. Penang Peranakan Mansion
  8. Cheong Fatt Tze Mansion (Blue Mansion)
  9. Gurney Drive
  10. Penang Botanic Gardens
Okay, you might wonder about more specific data. 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.
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Explore George Town's Airbnb Data
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