Puerto Montt

As of June 2026, Puerto Montt, Puerto Varas, Frutillar have 797 active Airbnb and VRBO listings. This represents a 5% increase from the previous year.

The average Airbnb or VRBO in Puerto Montt generates $4M per year. High-performing properties earn $11M/year, while low-performing properties earn $1M/year. Supply is growing modestly while revenue declines, indicating softening demand relative to the expanding inventory. The substantial gap between average and high performers—nearly 3x difference—suggests highly uneven market conditions where competitive positioning significantly determines outcomes.

Airbnb and VRBO can be profitable in Puerto Montt. Average annual revenue is $4M with 19% occupancy. High-performing properties earn up to $11M/year. Minimal supply growth paired with declining revenue suggests a maturing market where demand isn't expanding, while the substantial gap between average and top performers indicates significant performance variance within the existing competitive landscape.

The average occupancy rate for Airbnbs and VRBOs in Puerto Montt is 19%. This occupancy level, combined with an average nightly rate of $57K, results in a RevPAR (revenue per available room) of $8K per day.

3-bedroom properties demonstrate the strongest performance in Puerto Montt, with annual revenue of $5M. These properties balance operating costs and rental demand most effectively in the Puerto Montt market. Property performance varies significantly by location, amenities, and management quality.

Short-term rental regulations vary by jurisdiction in the Puerto Montt area. Puerto Montt: Lenient. Municipal tourist registry recommended but rarely enforced. No owner-occupancy rules. Hosts operate freely with minimal oversight. Puerto Varas: Lenient. Tourist service registration exists but enforcement is minimal. No rental caps or occupancy requirements. Market operates informally. Frutillar: Lenient. Basic municipal registration suggested. No significant restrictions or enforcement. Small tourism market with informal short-term rental operations. Always verify current regulations with local authorities and obtain necessary permits before operating a short-term rental.

The Puerto Montt Airbnb and VRBO market is currently showing balanced conditions. Supply has grown 5% year-over-year, while RevPAR has decreased 2%. This indicates balanced supply-demand dynamics. The significant gap between high ($10.9M) and average ($3.9M) revenues suggests performance is highly concentrated among top properties, while the 19% occupancy rate reflects substantial unutilized capacity across the broader market.

Launch around November, 2-3 months before peak winter season (February peaks). This pre-peak timing lets you build reviews when competition is 75% lower than peak months. Avoid launching during peak season when established listings dominate, or slow months (May-August) when gaining traction is harder.

The most common amenities in Puerto Montt listings include: Kitchen (99%), Tv (98%), Heating (80%), Washing Machine (54%), Balcony (43%). Amenities that boost revenue the most include Gym, Air Conditioning, Pets Allowed, with Gym properties earning approximately 22% more ($12M/year vs $9M/year).

Monthly estimated revenue per listing in Puerto Montt over the last 12 months: May: $144K, June: $138K, July: $179K, August: $140K, September: $159K, October: $185K, November: $243K, December: $258K, January: $514K, February: $578K, March: $247K, April: $188K. These figures are based on RevPAR (revenue per available room) multiplied by the number of days in each month.

The overall average nightly rate in Puerto Montt is $57K, up 25% year-over-year. By property size: 1-bedroom properties average $48K/night, 2-bedroom properties average $59K/night, 3-bedroom properties average $68K/night, 4+ bedroom properties average $75K/night. Rates peak in February and are lowest in May.

Guests in Puerto Montt book an average of 16 days in advance, down 28% from last year. By property size: 1-bedroom: 17 days, 2-bedroom: 15 days, 3-bedroom: 17 days, 4+ bedroom: 15 days. Larger properties tend to have longer booking windows as guests plan group trips further ahead.

Over the past year, the Puerto Montt Airbnb and VRBO market has seen the following changes: supply grew 5%, revenue per listing decreased 2%, occupancy fell 11%, average nightly rates increased 25%, and lead time decreased 28%. The sharp rate increase amid declining occupancy and revenue suggests hosts are competing for fewer bookings in a softening market, while the substantial gap between average and top-performing listings indicates performance is highly concentrated among premium properties.

In Puerto Montt, Saturday sees the highest booking demand while Monday has the lowest. Nightly rates peak on Friday and are lowest on Tuesday. Weekends show 14% higher occupancy than weekdays.