Is it profitable to do Airbnb in Penang, Malaysia?
What is the occupancy rate of Airbnb in Penang, Malaysia?
What is the average daily rate of Airbnb in Penang, Malaysia?
Malaysia / Penang
Penang, Airbnb Market Statistics & Data, Malaysia
A typical short-term rental listing in Penang is booked for 150 nights a year, with a median occupancy rate of 41% and an average daily rate of MYR251. In 2023, a typical host income (annual revenue) was MYR36K. As of 12th September, 2024, there are 850 active Airbnb listings.
Average Revenue: MYR36K/yr
Occupancy Rate
41%
Avg Daily Rate
MYR251
Budget
No. of Listings
1,114
Medium
YoY Revenue Change
-1.52%
Best Month
December
** Period: 2023 Aug - 2024 July | Last Updated on: 12th September, 2024
Revenue By Month
2023-08 - 2024-07
Low
MYR2,215
Average
MYR2,813
High
MYR3,550
Is Airbnb Profitable in Penang?
No, there is good short-term rental demand. A 41% 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 Penang
Short-term rental regulation is lenient in Penang. 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.
We made a guide on things you need to know before starting an Airbnb in Malaysia, learn how much it costs to start an Airbnb and if it’s profitable to start an Airbnb.
Average Airbnb Occupancy Rate in Penang
A typical listing recorded a 41% average occupancy rate between 2023-08 - 2024-07. In this graph, you can see the occupancy rate distribution. About 10.32% 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: 41%
850 Active Listings
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Explore Penang's Airbnb Data ⟶
Best Areas in Penang for Airbnb
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Top demand Airbnb in Penang
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 850 listings.
See 850 listing Statistics
Professional Short-term rental property managers in Penang
We've compiled a list of host profiles that manage the most Airbnb properties in Penang. The dashboard shows their average occupancy rate, revenue, and year-over-year changes.
Other short-term rental market data in Penang
Here is a breakdown of short-let properties in Penang. 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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