Hong Kong
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Overview
Annual Rev
HK$167k
12 mo avg
↓2%
from prior 12 mo
Occupancy rate
50%
12 mo avg
↓8%
from prior 12 mo
Avg daily rate
HK$910
12 mo avg
↑13%
from prior 12 mo
Lead time
33 days
12 mo avg
↓3 days
from prior 12 mo
Revpar
HK$320
12 mo avg
↓20%
from prior 12 mo
Methodology note: Figures reflect Hong Kong market data as of September 2026. Data covers Airbnb, VRBO, and Booking.com listings. Values are seasonally influenced; rounding applied for readability.
Revenue per listing by bedroom
Bedroom count:
0
1
2
3
4+
Short-term rental supply growth
Performance metrics by bedroom
Bedrooms
Annual Rev
Supply
Revenue boost by amenity
| Amenity | Listings With | Revenue Boost | Revenue With | Revenue Without |
|---|---|---|---|---|
| Pool | — | +$119,400 | — | — |
| Heating | 🔒 1•• (••%) | 🔒 +$4•••• (+••%) | 🔒 $3••••• | 🔒 $2••••• |
| Gym | 🔒 2• (•%) | 🔒 +$4•••• (+••%) | 🔒 $3••••• | 🔒 $3••••• |
| Parking | 🔒 8• (••%) | 🔒 +$1•••• (+•%) | 🔒 $3••••• | 🔒 $3••••• |
| Barbecue | 🔒 2• (•%) | 🔒 +$4••• (+•%) | 🔒 $3••••• | 🔒 $3••••• |
Nightly rate by day of week
Occupancy rate by day of week
Listings by channel
Listings by rental type
Listings by amenities
Listings by size
4+ bedrooms (0%)
Listings by availability
Length of stay by bedroom
1 bedroom (6.2 nights)
2 bedrooms (4.9 nights)
3 bedrooms (4.8 nights)
4+ bedrooms (4.5 nights)
Cleaning fee by bedroom
4+ bedrooms (HK$72)
2 bedrooms (HK$51)
3 bedrooms (HK$48)
1 bedroom (HK$47)
Professional host share
Professionally managed (56%)
Independent hosts (44%)
Over the 12 months ending August 2026, the Hong Kong market averaged 1,107 active Airbnb and VRBO listings, down 63% from a year earlier and down 52% over two years.
An average Hong Kong listing earns HK$141K/year. High-performing listings earn HK$411K, while low-performing listings earn HK$48K.
Average occupancy in Hong Kong is 38%, producing RevPAR of HK$294 per available night.
3-bedroom listings generate the highest average annual revenue in Hong Kong, at HK$391K.
Rules vary across Hong Kong. Hong Kong: Strict. Hotels and Guesthouses Accommodation Ordinance requires licenses for rentals under 28 days. Unlicensed operation illegal. Active enforcement with prosecutions and fines up to HKD 200,000. Most short-term rentals operate illegally but face real risk. Kowloon: Strict. Same as Hong Kong - part of Hong Kong SAR. 28-day minimum without license. Regular police raids and prosecutions. High-profile enforcement actions common. Macau: Strict. License required for stays under 90 days. Only designated tourist zones permitted. Active enforcement with substantial fines. Illegal operators face closure and penalties. Verify requirements for the property's jurisdiction.
The Hong Kong Airbnb and VRBO market does not show clear signs of oversaturation. Supply has declined 63% year-over-year, while RevPAR has increased 78%, suggesting demand is outpacing available supply.
RevPAR is highest in December and February; it is lowest in September and June.
The most common amenities are Air Conditioning (100%), Internet (97%), Kitchen (94%). The strongest positive revenue associations are Washing Machine (+24%), Gym (+15%), Parking (+12%).
Average daily rate in Hong Kong is HK$1K, up 23% year-over-year. Rates peak in December and are lowest in August.
Guests in Hong Kong book an average of 32 days in advance, down 3% from last year. Booking windows range from 29 days for 1-bedroom listings to 44 days for 3-bedroom listings.
Booking demand is highest on Saturday and lowest on Tuesday. Nightly rates peak on Friday and are lowest on Wednesday. Weekend occupancy is 16% higher than weekday occupancy.