Is it profitable to do Airbnb in Palma de Mallorca, Spain?
What is the occupancy rate of Airbnb in Palma de Mallorca, Spain?
What is the average daily rate of Airbnb in Palma de Mallorca, Spain?
Spain / Palma de Mallorca
Palma de Mallorca, Airbnb Market Statistics & Data, Spain
A typical short-term rental listing in Palma de Mallorca is booked for 281 nights a year, with a median occupancy rate of 77% and an average daily rate of €115. In 2023, a typical host income (annual revenue) was €30K. As of 12th September, 2024, there are 1,627 active Airbnb listings.
Average Revenue: €30K/yr
Occupancy Rate
77%
Avg Daily Rate
€115
Mid Scale
No. of Listings
2,291
Medium
YoY Revenue Change
2.4%
Best Month
August
** Period: 2023 Aug - 2024 July | Last Updated on: 12th September, 2024
Revenue By Month
2023-08 - 2024-07
Low
€1,843
Average
€2,811
High
€3,860
Is Airbnb Profitable in Palma de Mallorca?
Yes, there is good short-term rental demand. A 77% 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 Palma de Mallorca
Short-term rental regulation is lenient in Palma de Mallorca. 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 Palma de Mallorca
A typical listing recorded a 77% average occupancy rate between 2023-08 - 2024-07. In this graph, you can see the occupancy rate distribution. About 89.98% of the guests are international guests, and visitors from Germany 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: 77%
1,627 Active Listings
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Explore Palma de Mallorca's Airbnb Data ⟶
Best Areas in Palma de Mallorca for Airbnb
Are you wondering where to invest in Palma de Mallorca? Look no further!
- La Seu (Palma Cathedral)
- Palma Old Town
- Bellver Castle
- Passeig des Born
- Palma Beach
- Es Baluard Contemporary Art Museum
- Plaça Major
- Mercat de l'Olivar
- Palma Port
- Pilar and Joan Miró Foundation
Top demand Airbnb in Palma de Mallorca
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 1,627 listings.
See 1,627 listing Statistics
Professional Short-term rental property managers in Palma de Mallorca
We've compiled a list of host profiles that manage the most Airbnb properties in Palma de Mallorca. The dashboard shows their average occupancy rate, revenue, and year-over-year changes.
Other short-term rental market data in Palma de Mallorca
Here is a breakdown of short-let properties in Palma de Mallorca. 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.
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Amenities
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