Manali

As of June 2026, Manali, Kullu have 1,547 active Airbnb and VRBO listings. This represents a 4% increase from the previous year.

The average Airbnb or VRBO in Manali generates ₹308K per year. High-performing properties earn ₹1.7M/year, while low-performing properties earn ₹75K/year. Despite minimal supply growth, revenue has declined significantly year-over-year amid 12% occupancy, indicating demand contraction outpacing new listings. The 5.6x gap between high and average performers suggests acute market polarization.

Airbnb and VRBO can be profitable in Manali. Average annual revenue is ₹308K with 12% occupancy. High-performing properties earn up to ₹1.7M/year. Supply growth remains modest at 3.8% YoY while revenue declined 17.7%, indicating softening demand relative to available inventory. The 5.7x gap between high and average performers suggests significant performance variance, reflecting a market where property differentiation and operational execution meaningfully impact returns.

The average occupancy rate for Airbnbs and VRBOs in Manali is 12%. This occupancy level, combined with an average nightly rate of ₹7K, results in a RevPAR (revenue per available room) of ₹729 per day.

4+ bedroom properties demonstrate the strongest performance in Manali, with annual revenue of ₹658K. These properties balance operating costs and rental demand most effectively in the Manali market. Property performance varies significantly by location, amenities, and management quality.

Short-term rental regulations vary by jurisdiction in the Manali area. Manali, Kullu: Lenient. No formal STR-specific registration required at municipal level. State tourism department encourages voluntary registration. Zoning rules exist but enforcement minimal. Most guesthouses and homestays operate informally without licenses. Tax compliance sporadic. Authorities focus on safety/environmental issues rather than rental regulations. Always verify current regulations with local authorities and obtain necessary permits before operating a short-term rental.

The Manali Airbnb and VRBO market is currently showing balanced conditions. Supply has grown 4% year-over-year, while RevPAR has decreased 18%. This indicates balanced supply-demand dynamics. The wide gap between average revenue ($308k) and top performers ($1.7M) suggests significant performance variance, while the 12% occupancy rate reflects substantial unutilized capacity across the market.

Launch around March, 2-3 months before peak spring season (June peaks). This pre-peak timing lets you build reviews when competition is 100% lower than peak months. Avoid launching during peak season when established listings dominate, or slow months (July-September) when gaining traction is harder.

The most common amenities in Manali listings include: Kitchen (87%), Pets Allowed (75%), Tv (75%), Balcony (70%), Private Yard (64%). Amenities that boost revenue the most include Bbq, Air Conditioning, Washing Machine, with Bbq properties earning approximately 81% more (₹1.8M/year vs ₹981K/year).

Monthly estimated revenue per listing in Manali over the last 12 months: May: ₹31K, June: ₹51K, July: ₹8K, August: ₹6K, September: ₹3K, October: ₹11K, November: ₹17K, December: ₹48K, January: ₹33K, February: ₹11K, March: ₹19K, April: ₹29K. 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 Manali is ₹7K, up 9% year-over-year. By property size: 1-bedroom properties average ₹4K/night, 2-bedroom properties average ₹6K/night, 3-bedroom properties average ₹11K/night, 4+ bedroom properties average ₹16K/night. Rates peak in June and are lowest in September.

Guests in Manali book an average of 15 days in advance, down 18% from last year. By property size: 1-bedroom: 15 days, 2-bedroom: 15 days, 3-bedroom: 16 days, 4+ bedroom: 16 days. Larger properties tend to have longer booking windows as guests plan group trips further ahead.

Over the past year, the Manali Airbnb and VRBO market has seen the following changes: supply grew 4%, revenue per listing decreased 18%, occupancy fell 26%, average nightly rates increased 9%, and lead time decreased 18%. The combination of rising supply, falling occupancy, and shortened booking windows indicates intensifying competition outpacing demand. The massive gap between average revenue ($308k) and top performers ($1.7M+) suggests significant performance stratification in a contracting market.

In Manali, Saturday sees the highest booking demand while Tuesday has the lowest. Nightly rates peak on Saturday and are lowest on Wednesday. Weekends show 12% higher occupancy than weekdays.