Vietnam Short-Term Rental Market Review 2025: Revenue, Occupancy & Supply Growth
Vietnam Short-Term Rental Market Overview 2025
Number of Airbnb Listings Changes in Vietnam 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 Vietnam was 42.76% in 2025, indicating the overall growth trajectory of the market.
Markets with Largest Absolute Supply Increases in Vietnam
In absolute terms, Ho Chi Minh City experienced the largest increase with +3,555 new listings added in 2025. This was followed by Hanoi (+2,815 listings) and Da Nang (+1,723 listings).
Markets with Fastest Relative Growth in Vietnam
In relative terms, Phu Quoc experienced the most significant growth, with 73.63% more supply added over the 12-month period in 2025. Other rapidly expanding markets include Da Nang (+51.88%) and Hanoi (+49.60%).
Short-Term Rental Revenue Trend in Vietnam 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 Vietnam average YoY change in revenue was 14.52% in 2025, representing an increase from $5,687 in 2024 to VND165,063,536 in 2025.
Top Markets Revenue Performance
Ho Chi Minh City
Hanoi
Da Nang
For more detailed revenue YoY change analysis by market, access the Airbtics dashboard to explore specific market performance metrics.
Easiest Markets for Hosts in Vietnam 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 Vietnam 2025
Da Nang recorded a year-round occupancy rate of 64.00%, which is among the highest in Vietnam. This was followed by Ho Chi Minh City (53.00%) and Hoi An (51.00%).
Highest Booking Volume Market in Vietnam 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 Vietnam is Ho Chi Minh City, with approximately 2,519,879 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 Vietnam, 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 Vietnam 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 Vietnam'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 Vietnam's national averages (Supply: 42.8%, Revenue: 14.5%). 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
- Phu Quoc Supply: +73.6% | Revenue: +58.1%
- Da Nang Supply: +51.9% | Revenue: +24.1%
Early Saturation
Supply > avg, Revenue ≤ avg
Competition rising
- Hanoi Supply: +49.6% | Revenue: -4.5%
Under-the-Radar
Supply ≤ avg, Revenue > avg
Hidden opportunities
- Hoi An Supply: +27.4% | Revenue: +21.9%
- Nha Trang Supply: +32.8% | Revenue: +17.9%
Declining
Supply ≤ avg, Revenue ≤ avg
Risky markets
- Dalat Supply: +36.9% | Revenue: -3.0%
- Vung Tau Supply: +37.1% | Revenue: +3.5%
- Hue Supply: +38.0% | Revenue: +3.9%
- Ho Chi Minh City Supply: +37.5% | Revenue: +8.8%
For the latest updates of the market data in Vietnam, check out our Best Airbnb Markets in Vietnam.
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). Vietnam Short-Term Rental Market Review 2025: Revenue, Occupancy & Supply Growth. https://airbtics.com/short-term-rental-market-report-2025-vietnam
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