Manizales

As of June 2026, Manizales, Pereira, Armenia have 1,044 active Airbnb and VRBO listings. This represents a 5% decrease from the previous year.

The average Airbnb or VRBO in Manizales generates COP15.3M per year. High-performing properties earn COP54.7M/year, while low-performing properties earn COP4.3M/year. The stark disparity between top and bottom performers suggests that revenue concentration is driven by specific asset positioning rather than broad market demand.

Airbnb and VRBO can be profitable in Manizales. Average annual revenue is COP15.3M with 17% occupancy. High-performing properties earn up to COP54.7M/year. This wide revenue spread indicates that market saturation is uneven, allowing top-tier listings to capture significant share despite a low overall occupancy baseline.

The average occupancy rate for Airbnbs and VRBOs in Manizales is 17%. This occupancy level, combined with an average nightly rate of COP257K, results in a RevPAR (revenue per available room) of COP35K per day.

4+ bedroom properties demonstrate the strongest performance in Manizales, with annual revenue of COP31.2M. These properties balance operating costs and rental demand most effectively in the Manizales market. Property performance varies significantly by location, amenities, and management quality.

Short-term rental regulations vary by jurisdiction in the Manizales area. Manizales: Lenient. Tourism registry (RNT) required but rarely enforced. Hosts operate informally without permits. Minimal government oversight in practice. Pereira: Lenient. RNT registration technically required. Limited enforcement, many unlicensed operators. Authorities focus on hotels, not apartments. Armenia: Lenient. RNT required for legal operation. Weak enforcement, informal rentals common. Little active monitoring by tourism authorities. Always verify current regulations with local authorities and obtain necessary permits before operating a short-term rental.

The Manizales Airbnb and VRBO market is currently showing balanced conditions. Supply has declined 5% year-over-year, while RevPAR has increased 1%. This indicates balanced supply-demand dynamics. The contraction in supply paired with rising revenue metrics points to a consolidation phase where the market is effectively absorbing current inventory.

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

The most common amenities in Manizales listings include: Kitchen (97%), Tv (94%), Washing Machine (73%), Pets Allowed (66%), Parking (52%). Amenities that boost revenue the most include Pool, Bbq, Hot Tub, with Pool properties earning approximately 191% more (COP88.5M/year vs COP30.4M/year).

Monthly estimated revenue per listing in Manizales over the last 12 months: May: COP653K, June: COP956K, July: COP808K, August: COP1.0M, September: COP780K, October: COP999K, November: COP971K, December: COP1.7M, January: COP2.0M, February: COP549K, March: COP1.2M, April: COP1.1M. 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 Manizales is COP257K, up 28% year-over-year. By property size: 1-bedroom properties average COP156K/night, 2-bedroom properties average COP191K/night, 3-bedroom properties average COP301K/night, 4+ bedroom properties average COP807K/night. Rates peak in January and are lowest in July.

Guests in Manizales book an average of 17 days in advance, down 29% from last year. By property size: 1-bedroom: 15 days, 2-bedroom: 15 days, 3-bedroom: 19 days, 4+ bedroom: 23 days. Larger properties tend to have longer booking windows as guests plan group trips further ahead.

Over the past year, the Manizales Airbnb and VRBO market has seen the following changes: supply declined 5%, revenue per listing increased 1%, occupancy fell 8%, average nightly rates increased 28%, and lead time decreased 29%. These figures highlight a shift toward higher price points and shorter booking windows, reflecting a more reactive, opportunistic pricing environment.

In Manizales, Saturday sees the highest booking demand while Tuesday has the lowest. Nightly rates peak on Sunday and are lowest on Wednesday. Weekends show 43% higher occupancy than weekdays.