Source: BNBCalc market metadata · Reviewed by Parker Place, CTO of BNBCalc.com · Data updated October 6, 2026
Best Airbnb Markets in China
Hong Kong is the top China short-term rental market across Airbnb and Vrbo by annual revenue. Average-tier listings in Hong Kong earn $168,903 a year on average, with 51% occupancy at an average daily rate of $903. Hong Kong has 1,080 average active listings.
Top revenue market
Hong Kong
$168.9K
Median annual revenue
$378.4
Average listing revenue
Median occupancy
0%
Adjusted occupancy
Tracked markets
8
Countrywide market coverage
Top 10 China Airbnb and Vrbo Markets
#1
Hong Kong
BNBCalc tracks Hong Kong as a China short-term rental market with Airbnb, Vrbo, and broader rental performance context.
Revenue
$168.9K
Occupancy
51%
Average active listings
1,080
#2
Hangzhou
BNBCalc tracks Hangzhou as a China short-term rental market with Airbnb, Vrbo, and broader rental performance context.
Revenue
$2.5K
Occupancy
2%
Average active listings
1,844
#3
Xian
BNBCalc tracks Xian as a China short-term rental market with Airbnb, Vrbo, and broader rental performance context.
Revenue
$1.1K
Occupancy
3%
Average active listings
2,178
#4
Shanghai
BNBCalc tracks Shanghai as a China short-term rental market with Airbnb, Vrbo, and broader rental performance context.
Revenue
$378.4
Occupancy
0%
Average active listings
5,535
#5
Guangzhou
BNBCalc tracks Guangzhou as a China short-term rental market with Airbnb, Vrbo, and broader rental performance context.
Revenue
$199.6
Occupancy
0%
Average active listings
4,375
#6
Chengdu
BNBCalc tracks Chengdu as a China short-term rental market with Airbnb, Vrbo, and broader rental performance context.
Revenue
$175.9
Occupancy
0%
Average active listings
4,054
#7
Chongqing
BNBCalc tracks Chongqing as a China short-term rental market with Airbnb, Vrbo, and broader rental performance context.
Revenue
$56.0
Occupancy
0%
Average active listings
2,567
#8
Beijing
BNBCalc tracks Beijing as a China short-term rental market with Airbnb, Vrbo, and broader rental performance context.
Revenue
$0.0
Occupancy
0%
Average active listings
14
All China Short-Term Rental Markets
Every market below links to its full BNBCalc market page. Non-US country rankings use annual revenue first because gross yield requires property value metadata that is currently US-only.
Average active listings is the average number of Airbnb and Vrbo listings active in a market each month over the last 12 months, the same figure you'll see on that market's page. Annual revenue is total market revenue over the last 12 months divided by that average, and it already includes cleaning fees.
Outside the US, BNBCalc ranks country market pages by average annual revenue until property-value coverage is available for international gross yield. Annual revenue is useful for identifying demand and pricing power, but investors should still review acquisition cost, taxes, seasonality, regulations, and operating expenses before comparing returns.
Frequently Asked Questions About China Airbnb and Vrbo Markets
Hong Kong is the top China short-term rental market for Airbnb and Vrbo investors by annual revenue in this BNBCalc dataset. Average-tier listings in Hong Kong earn $168,903 a year on average, with 51% occupancy at an average daily rate of $903. Hong Kong has 1,080 average active listings.
Non-US country pages are ranked by average annual revenue because gross yield requires property-value metadata that is currently strongest in the US. ADR, occupancy, and average active Airbnb and Vrbo listings are shown to add demand and supply context.
Gross yield requires both revenue and property-value metadata. BNBCalc does not yet have consistent international property-value coverage, so annual revenue is the cleaner primary ranking metric for non-US country pages.
No. Annual revenue is useful for identifying demand and pricing power, but investors should still review acquisition cost, regulations, seasonality, taxes, financing, insurance, and operating expenses before comparing returns.
