Monaco

As of June 2026, Monaco, Monte Carlo have 136 active Airbnb and VRBO listings. This represents a 8% decrease from the previous year.

The average Airbnb or VRBO in Monaco generates €43K per year. High-performing properties earn €141K/year, while low-performing properties earn €18K/year. Despite shrinking supply, revenue has declined sharply year-over-year, suggesting demand is falling faster than hosts are exiting—a sign of intensifying competition. The threefold gap between high and low performers indicates significant operational or positioning variance in a constrained market.

Airbnb and VRBO can be profitable in Monaco. Average annual revenue is €43K with 29% occupancy. High-performing properties earn up to €141K/year. The significant revenue decline despite stable supply suggests weakening demand, while the threefold gap between average and top performers indicates a highly segmented market where property differentiation drives outsized returns.

The average occupancy rate for Airbnbs and VRBOs in Monaco is 29%. This occupancy level, combined with an average nightly rate of €428, results in a RevPAR (revenue per available room) of €84 per day.

2-bedroom properties demonstrate the strongest performance in Monaco, with annual revenue of €49K. These properties balance operating costs and rental demand most effectively in the Monaco market. Property performance varies significantly by location, amenities, and management quality.

Short-term rental regulations vary by jurisdiction in the Monaco area. Monaco (Monte Carlo): Strict. Short-term rentals heavily restricted in residential buildings without explicit authorization from co-owners' association. Commercial tourist accommodations must meet hotel licensing standards. Extremely limited housing stock means regulations actively enforced to protect residential availability. Most legal rentals are in designated hotel/residence complexes. Unauthorized rentals face significant penalties. Very few non-hotel STRs operate. Always verify current regulations with local authorities and obtain necessary permits before operating a short-term rental.

The Monaco Airbnb and VRBO market is currently showing balanced conditions. Supply has declined 8% year-over-year, while RevPAR has decreased 25%. This indicates balanced supply-demand dynamics. The significant gap between average revenue ($43,025) and top performers ($141,098) suggests market stratification, where a subset of properties command premium positioning while the broader market faces pricing pressure despite stable occupancy at 29%.

Launch around February, 2-3 months before peak spring season (May peaks). This pre-peak timing lets you build reviews when competition is 41% 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 Monaco listings include: Kitchen (98%), Tv (91%), Air Conditioning (86%), Heating (85%), Washing Machine (84%). Amenities that boost revenue the most include Pool, Ev Charger, Air Conditioning, with Pool properties earning approximately 145% more (€202K/year vs €83K/year).

Monthly estimated revenue per listing in Monaco over the last 12 months: May: €5K, June: €3K, July: €3K, August: €3K, September: €4K, October: €2K, November: €1K, December: €2K, January: €988, February: €662, March: €2K, April: €3K. 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 Monaco is €428, up 8% year-over-year. By property size: 1-bedroom properties average €277/night, 2-bedroom properties average €529/night. Rates peak in May and are lowest in February.

Guests in Monaco book an average of 30 days in advance, down 22% from last year. By property size: 1-bedroom: 30 days, 2-bedroom: 31 days. Larger properties tend to have longer booking windows as guests plan group trips further ahead.

Over the past year, the Monaco Airbnb and VRBO market has seen the following changes: supply declined 8%, revenue per listing decreased 25%, occupancy fell 12%, average nightly rates increased 8%, and lead time decreased 22%. The 25% revenue decline despite higher nightly rates signals weakening demand outpacing supply reduction, intensifying competition. The wide gap between average revenue ($43,025) and top performers ($141,098) indicates highly concentrated performance, suggesting market polarization.

In Monaco, Saturday sees the highest booking demand while Monday has the lowest. Nightly rates peak on Friday and are lowest on Monday. Weekends show 15% higher occupancy than weekdays.