Budva
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Overview
Annual Rev
€17.5k
12 mo avg
↑12%
from prior 12 mo
Occupancy rate
30%
12 mo avg
↓4%
from prior 12 mo
Avg daily rate
€111
12 mo avg
↑23%
from prior 12 mo
Lead time
29 days
12 mo avg
↓8 days
from prior 12 mo
Revpar
€32
12 mo avg
↓5%
from prior 12 mo
Methodology note: Figures reflect Budva market data as of September 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 |
|---|---|---|---|---|
| Lake Access | — | +€15,638 | — | — |
| Pool | 🔒 6•• (••%) | 🔒 +€1•••• (+•••%) | 🔒 €3•••• | 🔒 €1•••• |
| Barbecue | 🔒 6•• (••%) | 🔒 +€8••• (+••%) | 🔒 €2•••• | 🔒 €2•••• |
| Hot Tub | 🔒 1•• (•%) | 🔒 +€8••• (+••%) | 🔒 €3•••• | 🔒 €2•••• |
| Sauna | 🔒 6• (•%) | 🔒 +€8••• (+••%) | 🔒 €3•••• | 🔒 €2•••• |
| Washing Machine | 🔒 2••• (••%) | 🔒 +€7••• (+••%) | 🔒 €2•••• | 🔒 €1•••• |
| Bicycles | 🔒 1•• (•%) | 🔒 +€5••• (+••%) | 🔒 €2•••• | 🔒 €2•••• |
| Gym | 🔒 9•• (••%) | 🔒 +€4••• (+••%) | 🔒 €2•••• | 🔒 €2•••• |
| Pets Allowed | 🔒 1••• (••%) | 🔒 +€3••• (+••%) | 🔒 €2•••• | 🔒 €2•••• |
| EV Charger | 🔒 3• (•%) | 🔒 +€1••• (+•%) | 🔒 €2•••• | 🔒 €2•••• |
| Parking | 🔒 2••• (••%) | 🔒 +€1• (+•%) | 🔒 €2•••• | 🔒 €2•••• |
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 (7.6 nights)
1 bedroom (7.4 nights)
3 bedrooms (7.4 nights)
4+ bedrooms (6.9 nights)
Cleaning fee by bedroom
4+ bedrooms (€121)
3 bedrooms (€71)
2 bedrooms (€45)
1 bedroom (€27)
Professional host share
Professionally managed (87%)
Independent hosts (13%)
Over the 12 months ending August 2026, the Budva market averaged 6,815 active Airbnb and VRBO listings, down 0% from a year earlier and up 12% over two years.
An average Budva listing earns €14K/year. High-performing listings earn €36K, while low-performing listings earn €7K.
Average occupancy in Budva is 27%, producing RevPAR of €26 per available night.
4+ bedroom listings generate the highest average annual revenue in Budva, at €43K.
Rules vary across Budva. Budva: Lenient. Registration with tax authority required, tourist tax collection mandatory. Minimal enforcement despite regulations; most hosts operate informally without consequences. Kotor: Lenient. Business registration and categorization needed, tourist tax applicable. Light enforcement; many unlicensed rentals operate openly in Old Town and coastal areas. Tivat: Lenient. Registration and tourist tax required. Very light enforcement; informal rentals common, authorities rarely pursue violations actively. Verify requirements for the property's jurisdiction.
The Budva Airbnb and VRBO market does not show clear signs of oversaturation. Supply has declined 0% year-over-year, while RevPAR has increased 31%, suggesting demand is outpacing available supply.
RevPAR is highest in August and July; it is lowest in February and January.
The most common amenities are Air Conditioning (99%), Kitchen (98%), Internet (96%). The strongest positive revenue associations are Pool (+69%), Bbq (+50%), Washing Machine (+40%).
Average daily rate in Budva is €125, up 25% year-over-year. Rates peak in August and are lowest in March.
Guests in Budva book an average of 29 days in advance, down 13% from last year. Booking windows range from 27 days for 1-bedroom listings to 37 days for 4+ bedroom listings.
Booking demand is highest on Friday and lowest on Monday. Nightly rates peak on Saturday and are lowest on Wednesday.