Peru Short-Term Rental Market Review 2025: Revenue, Occupancy & Supply Growth
Peru Short-Term Rental Market Overview 2025
Number of Airbnb Listings Changes in Peru 2025
Which markets are experiencing rapid saturation?
A key consideration when entering a new short-term rental market is assessing whether it may become oversaturated. To evaluate this, we analyze the year-over-year supply change in Airbnb listings. The national average YoY supply change in Peru was 30.67% in 2025, indicating the overall growth trajectory of the market.
Markets with Largest Absolute Supply Increases in Peru
In absolute terms, Lima experienced the largest increase with +3,587 new listings added in 2025. This was followed by Cusco (+1,072 listings) and Miraflores (+988 listings).
Markets with Fastest Relative Growth in Peru
In relative terms, Arequipa experienced the most significant growth, with 45.23% more supply added over the 12-month period in 2025. Other rapidly expanding markets include Cusco (+36.20%) and Lima (+31.86%).
Short-Term Rental Revenue Trend in Peru 2025, and Future Outlook for 2026
Does increased supply necessarily indicate market saturation?
To assess market saturation, we examine year-over-year revenue trends. A decline in revenue per listing typically indicates heightened competition and potential oversaturation. The Peru average YoY change in revenue was 8.89% in 2025, representing an increase from $8,773 in 2024 to PEN2,961 in 2025.
Top Markets Revenue Performance
Lima
Cusco
Miraflores
For more detailed revenue YoY change analysis by market, access the Airbtics dashboard to explore specific market performance metrics.
Easiest Markets for Hosts in Peru 2025
Markets with high occupancy rates provide hosts with greater booking consistency, while markets with high booking volumes offer expanded opportunities across various property types and sizes.
Highest Occupancy Rate Markets in Peru 2025
Miraflores recorded a year-round occupancy rate of 66.00%, which is among the highest in Peru. This was followed by Barranco (63.00%) and Lima (55.00%).
Highest Booking Volume Market in Peru 2025
Markets with high booking volumes present additional advantages, as they offer diverse opportunities across various property types and price points. The market that recorded the highest booking volume in Peru is Lima, with approximately 2,980,736 nights booked in 2025.
Regulatory Landscape
We define a professionalized or strictly regulated market as one where over 50% of active Airbnb listings hold valid license information, indicating consistent enforcement and higher compliance. Markets below this threshold are considered unregulated or lenient.
In Peru, 0 out of 9 markets fall into the professionalized / strict regulation category. For detailed license compliance data and market-specific regulatory insights, the Airbtics dashboard provides the percentage of listings with valid licenses for each market, enabling investors to assess regulatory risk at a granular level.
Which Peru Markets Are Growing Healthily vs Overheating?
Understanding market saturation requires looking at both supply growth and revenue trends together. Markets are categorized by comparing their YoY supply and revenue changes against Peru's national averages. Markets where supply is growing faster than revenue (relative to national averages) may be approaching saturation, while markets with below-average supply growth but above-average revenue growth may present hidden opportunities.
Benchmark: Markets are categorized relative to Peru's national averages (Supply: 30.7%, Revenue: 8.9%). Markets above the national average are marked with ↑, while those below are marked with ↓.
Healthy Growth
Supply > avg, Revenue > avg
Expansion with demand keeping up
- Urubamba Supply: +31.6% | Revenue: +14.2%
- Lima Supply: +31.9% | Revenue: +12.2%
Early Saturation
Supply > avg, Revenue ≤ avg
Competition rising
- Arequipa Supply: +45.2% | Revenue: +3.2%
- Cusco Supply: +36.2% | Revenue: +2.6%
- Trujillo Supply: +31.5% | Revenue: +6.4%
Under-the-Radar
Supply ≤ avg, Revenue > avg
Hidden opportunities
- Cañete Supply: +18.7% | Revenue: +16.9%
- Miraflores Supply: +28.6% | Revenue: +13.2%
- Barranco Supply: +28.9% | Revenue: +11.8%
Declining
Supply ≤ avg, Revenue ≤ avg
Risky markets
- Talara Supply: +23.5% | Revenue: -0.5%
For the latest updates of the market data in Peru, check out our Best Airbnb Markets in Peru.
All metrics are calculated using active short-term rental listings tracked weekly by Airbtics. Revenue, occupancy rate, ADR, and supply growth are estimated from historical booking calendars, listing activity, and proprietary aggregation models.
Source: Airbtics
Learn data methodology →
Cite this report
Airbtics (2026). Peru Short-Term Rental Market Review 2025: Revenue, Occupancy & Supply Growth. https://airbtics.com/short-term-rental-market-report-2025-peru
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