Mumbai

As of May 2026, Mumbai, Navi Mumbai, Thane have 2,451 active Airbnb and VRBO listings. This represents a 7% increase from the previous year.

The average Airbnb or VRBO in Mumbai generates ₹869K per year. High-performing properties earn ₹2.4M/year, while low-performing properties earn ₹233K/year. This wide earnings spread indicates significant revenue volatility where top-tier assets capture a disproportionate share of total market demand despite stagnant inventory growth.

Airbnb and VRBO can be profitable in Mumbai. Average annual revenue is ₹869K with 31% occupancy. High-performing properties earn up to ₹2.4M/year. The delta between high and average performers suggests that market saturation is creating a tiered environment where only specific listings effectively leverage current occupancy levels.

The average occupancy rate for Airbnbs and VRBOs in Mumbai is 31%. This occupancy level, combined with an average nightly rate of ₹7K, results in a RevPAR (revenue per available room) of ₹2K per day.

4+ bedroom properties demonstrate the strongest performance in Mumbai, with annual revenue of ₹2.1M. These properties balance operating costs and rental demand most effectively in the Mumbai market. Property performance varies significantly by location, amenities, and management quality.

Short-term rental regulations vary by jurisdiction in the Mumbai area. Mumbai: Lenient. No specific STR regulations, general hotel licensing laws rarely applied to home rentals. Minimal enforcement, hosts operate freely. Navi Mumbai: Lenient. No dedicated STR framework, occasional society-level restrictions. Virtually no municipal enforcement. Thane: Lenient. No formal STR regulations, some building society bylaws restrict rentals. Negligible government enforcement, market operates informally. Always verify current regulations with local authorities and obtain necessary permits before operating a short-term rental.

The Mumbai Airbnb and VRBO market is currently showing balanced conditions. Supply has grown 7% year-over-year, while RevPAR has decreased 12%. This indicates balanced supply-demand dynamics. The contraction in revenue per listing despite stable supply suggests that market absorption is struggling to keep pace with existing inventory levels.

Launch around September, 2-3 months before peak winter season (December peaks). This pre-peak timing lets you build reviews when competition is -6% lower than peak months. Avoid launching during peak season when established listings dominate, or slow months (March-June) when gaining traction is harder.

The most common amenities in Mumbai listings include: Air Conditioning (100%), Kitchen (98%), Tv (96%), Washing Machine (79%), Elevator (63%). Amenities that boost revenue the most include Washing Machine, Air Conditioning, Tv, with Washing Machine properties earning approximately 26% more (₹1.6M/year vs ₹1.2M/year).

Monthly estimated revenue per listing in Mumbai over the last 12 months: May: ₹45K, June: ₹40K, July: ₹47K, August: ₹51K, September: ₹46K, October: ₹51K, November: ₹72K, December: ₹76K, January: ₹70K, February: ₹54K, March: ₹45K, April: ₹52K. 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 Mumbai is ₹7K, up 16% year-over-year. By property size: 1-bedroom properties average ₹5K/night, 2-bedroom properties average ₹8K/night, 3-bedroom properties average ₹14K/night, 4+ bedroom properties average ₹23K/night. Rates peak in December and are lowest in June.

Guests in Mumbai book an average of 14 days in advance, down 29% from last year. By property size: 1-bedroom: 13 days, 2-bedroom: 15 days, 3-bedroom: 18 days, 4+ bedroom: 22 days. Larger properties tend to have longer booking windows as guests plan group trips further ahead.

Over the past year, the Mumbai Airbnb and VRBO market has seen the following changes: supply grew 7%, revenue per listing decreased 12%, occupancy fell 19%, average nightly rates increased 16%, and lead time decreased 29%. These metrics reflect a shift toward shorter booking windows and higher pricing, forcing a consolidation of market share among more agile participants.

In Mumbai, Saturday sees the highest booking demand while Monday has the lowest. Nightly rates peak on Friday and are lowest on Monday. Weekends show 19% higher occupancy than weekdays.