Santiago

As of May 2026, Santiago, Providencia, Las Condes have 8,509 active Airbnb and VRBO listings. This represents a 6% increase from the previous year.

The average Airbnb or VRBO in Santiago generates $9M per year. High-performing properties earn $22M/year, while low-performing properties earn $3M/year. This wide disparity indicates that market rewards are highly concentrated among top-tier operators, as the revenue gap significantly exceeds the modest supply growth seen in the broader market.

Airbnb and VRBO can be profitable in Santiago. Average annual revenue is $9M with 35% occupancy. High-performing properties earn up to $22M/year. The 35% occupancy rate suggests a competitive landscape where substantial revenue potential remains tethered to capturing the upper segment of demand rather than broad market saturation.

The average occupancy rate for Airbnbs and VRBOs in Santiago is 35%. This occupancy level, combined with an average nightly rate of $68K, results in a RevPAR (revenue per available room) of $19K per day.

4+ bedroom properties demonstrate the strongest performance in Santiago, with annual revenue of $23M. These properties balance operating costs and rental demand most effectively in the Santiago market. Property performance varies significantly by location, amenities, and management quality.

Short-term rental regulations vary by jurisdiction in the Santiago area. Santiago: Lenient. No specific STR regulations, general tourism/commercial rules apply. Minimal enforcement, hosts operate freely. Providencia: Moderate. Municipal permit required, zoning restrictions in residential areas, noise complaints trigger action. Selective enforcement. Las Condes: Moderate. Commercial patent needed, building approval required, some residential restrictions. Complaint-based enforcement, many operate informally. Always verify current regulations with local authorities and obtain necessary permits before operating a short-term rental.

The Santiago Airbnb and VRBO market is currently showing balanced conditions. Supply has grown 6% year-over-year, while RevPAR has decreased 7%. This indicates balanced supply-demand dynamics, where the slight uptick in listings is currently exerting downward pressure on per-unit earnings, signaling a period of market adjustment.

Launch around April, 2-3 months before peak fall season (July peaks). This pre-peak timing lets you build reviews when competition is 7% lower than peak months. Avoid launching during peak season when established listings dominate, or slow months (April-May) when gaining traction is harder.

The most common amenities in Santiago listings include: Kitchen (99%), Tv (97%), Heating (80%), Elevator (73%), Washing Machine (64%). Amenities that boost revenue the most include Heating, Air Conditioning, Bbq, with Heating properties earning approximately 26% more ($14M/year vs $11M/year).

Monthly estimated revenue per listing in Santiago over the last 12 months: May: $365K, June: $488K, July: $898K, August: $800K, September: $584K, October: $584K, November: $627K, December: $533K, January: $572K, February: $395K, March: $542K, April: $468K. 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 Santiago is $68K, up 22% year-over-year. By property size: 1-bedroom properties average $53K/night, 2-bedroom properties average $83K/night, 3-bedroom properties average $135K/night, 4+ bedroom properties average $282K/night. Rates peak in July and are lowest in May.

Guests in Santiago book an average of 22 days in advance, down 23% from last year. By property size: 1-bedroom: 21 days, 2-bedroom: 25 days, 3-bedroom: 28 days, 4+ bedroom: 32 days. Larger properties tend to have longer booking windows as guests plan group trips further ahead.

Over the past year, the Santiago Airbnb and VRBO market has seen the following changes: supply grew 6%, revenue per listing decreased 7%, occupancy fell 14%, average nightly rates increased 22%, and lead time decreased 23%. These shifts reveal a market pivoting toward shorter booking windows and higher pricing, despite softening occupancy and increased competition.

In Santiago, Saturday sees the highest booking demand while Monday has the lowest. Nightly rates peak on Friday and are lowest on Monday. Weekends show 17% higher occupancy than weekdays.