Antananarivo

As of June 2026, Antananarivo, Antsirabe have 290 active Airbnb and VRBO listings. This represents a 1% decrease from the previous year.

The average Airbnb or VRBO in Antananarivo generates MGA16.5M per year. High-performing properties earn MGA68.2M/year, while low-performing properties earn MGA5.4M/year. Despite nearly flat supply, revenue has contracted sharply year-over-year while occupancy remains constrained at 23%, indicating demand weakness outpacing any competitive relief from reduced listings. The 12.6x spread between high and low performers suggests significant operational or positioning variance in a challenged market.

Airbnb and VRBO can be profitable in Antananarivo. Average annual revenue is MGA16.5M with 23% occupancy. High-performing properties earn up to MGA68.2M/year. Despite flat supply, revenue declined significantly year-over-year, indicating weakened demand or pricing pressure. The fourfold gap between average and top performers suggests highly concentrated returns, where market positioning determines outcomes more than overall market conditions.

The average occupancy rate for Airbnbs and VRBOs in Antananarivo is 23%. This occupancy level, combined with an average nightly rate of MGA273K, results in a RevPAR (revenue per available room) of MGA33K per day.

4+ bedroom properties demonstrate the strongest performance in Antananarivo, with annual revenue of MGA23.0M. These properties balance operating costs and rental demand most effectively in the Antananarivo market. Property performance varies significantly by location, amenities, and management quality.

Short-term rental regulations vary by jurisdiction in the Antananarivo area. I don't have reliable data on short-term rental regulations or enforcement practices for Antananarivo and Antsirabe, Madagascar. Madagascar's regulatory framework for short-term rentals is not well-documented in available sources, and enforcement information is particularly scarce. Always verify current regulations with local authorities and obtain necessary permits before operating a short-term rental.

The Antananarivo Airbnb and VRBO market is currently showing balanced conditions. Supply has declined 1% year-over-year, while RevPAR has decreased 27%. This indicates balanced supply-demand dynamics. However, the significant gap between average ($16.5M) and high-performing properties ($68M) suggests substantial performance variance, while the 23% occupancy rate reflects soft demand conditions that are intensifying competitive pressure on pricing power.

Launch around September, 2-3 months before peak fall season (December peaks). This pre-peak timing lets you build reviews when competition is -81% lower than peak months. Avoid launching during peak season when established listings dominate, or slow months (February-October) when gaining traction is harder.

The most common amenities in Antananarivo listings include: Kitchen (98%), Tv (87%), Washing Machine (52%), Balcony (38%), Parking (38%). Amenities that boost revenue the most include Air Conditioning, Pool, Heating, with Air Conditioning properties earning approximately 115% more (MGA94.2M/year vs MGA43.8M/year).

Monthly estimated revenue per listing in Antananarivo over the last 12 months: May: MGA830K, June: MGA952K, July: MGA1.2M, August: MGA1.0M, September: MGA943K, October: MGA685K, November: MGA974K, December: MGA1.3M, January: MGA1.1M, February: MGA833K, March: MGA1.0M, April: MGA1.1M. 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 Antananarivo is MGA273K, up 20% year-over-year. By property size: 1-bedroom properties average MGA218K/night, 2-bedroom properties average MGA250K/night, 3-bedroom properties average MGA301K/night, 4+ bedroom properties average MGA501K/night. Rates peak in March and are lowest in October.

Guests in Antananarivo book an average of 20 days in advance, down 20% from last year. By property size: 1-bedroom: 18 days, 2-bedroom: 23 days, 3-bedroom: 18 days, 4+ bedroom: 24 days. Larger properties tend to have longer booking windows as guests plan group trips further ahead.

Over the past year, the Antananarivo Airbnb and VRBO market has seen the following changes: supply declined 1%, revenue per listing decreased 27%, occupancy fell 17%, average nightly rates increased 20%, and lead time decreased 20%. Despite rate increases, the market contracted sharply—suggesting weakened demand outpaced pricing power. The vast gap between average ($16.5M) and top-performing listings ($68.2M) indicates highly concentrated performance, with most properties underperforming.

In Antananarivo, Friday sees the highest booking demand while Monday has the lowest. Nightly rates peak on Saturday and are lowest on Thursday.