Riga

As of May 2026, Riga, Jūrmala, Sigulda have 2,062 active Airbnb and VRBO listings. This represents a 4% decrease from the previous year.

The average Airbnb or VRBO in Riga generates €14K per year. High-performing properties earn €27K/year, while low-performing properties earn €6K/year. This wide earnings gap suggests that market returns are highly sensitive to specific asset positioning, as total revenue remains flat despite a reduction in supply.

Airbnb and VRBO can be profitable in Riga. Average annual revenue is €14K with 42% occupancy. High-performing properties earn up to €27K/year. The delta between average and top-tier revenue highlights that current market conditions favor properties capable of capturing premium demand rather than relying on volume.

The average occupancy rate for Airbnbs and VRBOs in Riga is 42%. This occupancy level, combined with an average nightly rate of €82, results in a RevPAR (revenue per available room) of €26 per day.

4+ bedroom properties demonstrate the strongest performance in Riga, with annual revenue of €31K. These properties balance operating costs and rental demand most effectively in the Riga market. Property performance varies significantly by location, amenities, and management quality.

Short-term rental regulations vary by jurisdiction in the Riga area. Riga: Moderate. Registration with State Revenue Service required, tax compliance mandatory. Growing enforcement with periodic inspections and fines for non-compliance. Jūrmala: Moderate. Municipal registration, tourism tax collection required. Stricter enforcement in resort zones during summer season, regular checks. Sigulda: Lenient. Basic business registration and tax reporting needed. Light enforcement, mostly complaint-driven, many hosts operate informally. Always verify current regulations with local authorities and obtain necessary permits before operating a short-term rental.

The Riga Airbnb and VRBO market is currently showing balanced conditions. Supply has declined 4% year-over-year, while RevPAR has decreased 0%. This indicates balanced supply-demand dynamics, suggesting a stable environment where limited inventory prevents significant revenue erosion.

Launch around May, 2-3 months before peak summer season (August peaks). This pre-peak timing lets you build reviews when competition is -4% lower than peak months. Avoid launching during peak season when established listings dominate, or slow months (November-February) when gaining traction is harder.

The most common amenities in Riga listings include: Kitchen (98%), Heating (91%), Washing Machine (87%), Tv (85%), Parking (60%). Amenities that boost revenue the most include Washing Machine, Air Conditioning, Hot Tub, with Washing Machine properties earning approximately 31% more (€17K/year vs €13K/year).

Monthly estimated revenue per listing in Riga over the last 12 months: May: €737, June: €835, July: €1K, August: €1K, September: €922, October: €723, November: €559, December: €889, January: €522, February: €450, March: €588, April: €779. 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 Riga is €82, up 21% year-over-year. By property size: 1-bedroom properties average €69/night, 2-bedroom properties average €104/night, 3-bedroom properties average €155/night, 4+ bedroom properties average €240/night. Rates peak in August and are lowest in February.

Guests in Riga book an average of 28 days in advance, down 19% from last year. By property size: 1-bedroom: 26 days, 2-bedroom: 33 days, 3-bedroom: 40 days, 4+ bedroom: 43 days. Larger properties tend to have longer booking windows as guests plan group trips further ahead.

Over the past year, the Riga Airbnb and VRBO market has seen the following changes: supply declined 4%, revenue per listing decreased 0%, occupancy fell 2%, average nightly rates increased 21%, and lead time decreased 19%. These indicators point to a shift toward shorter booking windows and higher pricing power despite softer occupancy levels.

In Riga, Saturday sees the highest booking demand while Monday has the lowest. Nightly rates peak on Friday and are lowest on Monday. Weekends show 34% higher occupancy than weekdays.