Kandy
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Overview
Annual Rev
₨1.4m
12 mo avg
↓29%
from prior 12 mo
Occupancy rate
🔒 2•%
12 mo avg
••.•%
from prior 12 mo
Avg daily rate
🔒 ₨1••••
12 mo avg
••.•%
from prior 12 mo
Lead time
24 days
12 mo avg
↓2 days
from prior 12 mo
Revpar
₨2,914
12 mo avg
↓39%
from prior 12 mo
Methodology note: Figures reflect Kandy market data as of June 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 | 7 (12%) | +Rs 3,308,084 (+86%) | Rs 7,143,281 | Rs 3,835,197 |
| 🔒 Amenity | 🔒 5• (••%) | 🔒 +$5••• (+••%) | 🔒 $7•••• | 🔒 $7•••• |
| 🔒 Amenity | 🔒 5• (••%) | 🔒 +$5••• (+••%) | 🔒 $7•••• | 🔒 $7•••• |
| 🔒 Amenity | 🔒 5• (••%) | 🔒 +$5••• (+••%) | 🔒 $7•••• | 🔒 $7•••• |
| 🔒 Amenity | 🔒 5• (••%) | 🔒 +$5••• (+••%) | 🔒 $7•••• | 🔒 $7•••• |
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
2 bedrooms (6.5 nights)
1 bedroom (4.7 nights)
3 bedrooms (2.9 nights)
4+ bedrooms (2.8 nights)
Cleaning fee by bedroom
1 bedroom (LKR 3)
2 bedrooms (LKR 3)
3 bedrooms (LKR 0)
4+ bedrooms (LKR 0)
Professional host share
Independent hosts (61%)
Professionally managed (39%)
As of June 2026, Kandy, Peradeniya have 683 active Airbnb and VRBO listings. This represents a 11% increase from the previous year.
The average Airbnb or VRBO in Kandy generates Rs851K per year. High-performing properties earn Rs5M/year, while low-performing properties earn Rs221K/year. This massive variance suggests that market success is heavily skewed toward a small segment of top-tier listings, highlighting a significant divergence in asset appeal that leaves many standard properties struggling to capture consistent demand.
Airbnb and VRBO can be profitable in Kandy. Average annual revenue is Rs851K with 12% occupancy. High-performing properties earn up to Rs5M/year. The low average occupancy relative to elite earners signals a market where supply expansion has outpaced visitor volume, concentrating the majority of available revenue within a limited pool of high-performing inventory.
The average occupancy rate for Airbnbs and VRBOs in Kandy is 12%. This occupancy level, combined with an average nightly rate of Rs23K, results in a RevPAR (revenue per available room) of Rs1,998 per day.
4+ bedroom properties demonstrate the strongest performance in Kandy, with annual revenue of Rs2M. These properties balance operating costs and rental demand most effectively in the Kandy market. Property performance varies significantly by location, amenities, and management quality.
Short-term rental regulations vary by jurisdiction in the Kandy area. I don't have reliable, current information about short-term rental regulations or enforcement reality for Kandy and Peradeniya, Sri Lanka. Sri Lanka's tourism regulations are primarily national-level, but local enforcement data for these specific cities isn't available in my sources. I recommend contacting the Sri Lanka Tourism Development Authority or local municipal councils directly for accurate requirements and enforcement practices in these areas. Always verify current regulations with local authorities and obtain necessary permits before operating a short-term rental.
The Kandy Airbnb and VRBO market is currently showing increasingly competitive conditions. Supply has grown 11% year-over-year, while RevPAR has decreased 23%. This indicates growing competition requiring strong operations. This inverse relationship between rising supply and falling revenue points to a market saturation issue where new entrants are diluting the existing revenue pool.
Launch around November, 2-3 months before peak winter season (February peaks). This pre-peak timing lets you build reviews when competition is 57% lower than peak months. Avoid launching during peak season when established listings dominate, or slow months (September-June) when gaining traction is harder.
The most common amenities in Kandy listings include: Kitchen (84%), Air Conditioning (76%), Balcony (66%), Tv (60%), Private Yard (59%). Amenities that boost revenue the most include Pool, Bbq, Pets Allowed, with Pool properties earning approximately 174% more (Rs11M/year vs Rs4M/year).
Monthly estimated revenue per listing in Kandy over the last 12 months: May: Rs42K, June: Rs40K, July: Rs62K, August: Rs66K, September: Rs44K, October: Rs46K, November: Rs56K, December: Rs74K, January: Rs84K, February: Rs89K, March: Rs65K, April: Rs58K. 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 Kandy is Rs23K, up 16% year-over-year. By property size: 1-bedroom properties average Rs16K/night, 2-bedroom properties average Rs18K/night, 3-bedroom properties average Rs28K/night, 4+ bedroom properties average Rs59K/night. Rates peak in April and are lowest in May.
Guests in Kandy book an average of 25 days in advance, down 13% from last year. By property size: 1-bedroom: 24 days, 2-bedroom: 22 days, 3-bedroom: 23 days, 4+ bedroom: 33 days. Larger properties tend to have longer booking windows as guests plan group trips further ahead.
Over the past year, the Kandy Airbnb and VRBO market has seen the following changes: supply grew 11%, revenue per listing decreased 23%, occupancy fell 41%, average nightly rates increased 16%, and lead time decreased 13%. These metrics reflect a market facing downward pressure on utilization, where price hikes have likely contributed to the decline in occupancy and bookings.
In Kandy, Saturday sees the highest booking demand while Thursday has the lowest. Nightly rates peak on Saturday and are lowest on Thursday. Weekends show 5% higher occupancy than weekdays.