Antananarivo
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Overview
Annual Rev
FMG30.2m
12 mo avg
↓10%
from prior 12 mo
Occupancy rate
30%
12 mo avg
↓11%
from prior 12 mo
Avg daily rate
FMG265,375
12 mo avg
↑19%
from prior 12 mo
Lead time
19 days
12 mo avg
↓4 days
from prior 12 mo
Revpar
FMG57,548
12 mo avg
↓31%
from prior 12 mo
Methodology note: Figures reflect Antananarivo 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 |
|---|---|---|---|---|
| Pool | — | +Ar 49,887,415 | — | — |
| Heating | 🔒 1• (••%) | 🔒 +Ar 3••••••• (+••%) | 🔒 Ar 7••••••• | 🔒 Ar 4••••••• |
| TV | 🔒 8• (••%) | 🔒 +Ar 2••••••• (+••%) | 🔒 Ar 5••••••• | 🔒 Ar 3••••••• |
| Lake Access | 🔒 6 (•%) | 🔒 +Ar 2••••••• (+••%) | 🔒 Ar 7••••••• | 🔒 Ar 5••••••• |
| Parking | 🔒 7• (••%) | 🔒 +Ar 1••••••• (+••%) | 🔒 Ar 5••••••• | 🔒 Ar 3••••••• |
| Barbecue | 🔒 1• (••%) | 🔒 +Ar 1••••••• (+••%) | 🔒 Ar 6••••••• | 🔒 Ar 4••••••• |
| Pets Allowed | 🔒 2• (••%) | 🔒 +Ar 1••••••• (+••%) | 🔒 Ar 6••••••• | 🔒 Ar 4••••••• |
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
3 bedrooms (27.3 nights)
2 bedrooms (12.3 nights)
1 bedroom (6.8 nights)
4+ bedrooms (6.1 nights)
Cleaning fee by bedroom
2 bedrooms (MGA 18)
3 bedrooms (MGA 11)
1 bedroom (MGA 8)
4+ bedrooms (MGA 0)
Professional host share
Independent hosts (56%)
Professionally managed (44%)
Over the 12 months ending August 2026, the Antananarivo market averaged 313 active Airbnb and VRBO listings, up 9% from a year earlier and up 60% over two years.
An average Antananarivo listing earns MGA18.0M/year. High-performing listings earn MGA72.5M, while low-performing listings earn MGA6.2M.
Average occupancy in Antananarivo is 23%, producing RevPAR of MGA37K per available night.
4+ bedroom listings generate the highest average annual revenue in Antananarivo, at MGA26.4M.
Rules vary across Antananarivo. I don't have reliable information about short-term rental regulations or enforcement practices for Antananarivo and Antsirabe, Madagascar. These cities likely have minimal formal STR frameworks, but I cannot confirm specific requirements, licensing systems, or enforcement reality without verified local sources. I recommend contacting local municipal offices or Madagascar tourism authorities directly for accurate current information. Verify requirements for the property's jurisdiction.
The Antananarivo Airbnb and VRBO market is becoming more competitive. Supply has grown 9% year-over-year, while RevPAR has decreased 5%, suggesting supply is outpacing demand.
RevPAR is highest in May and July; it is lowest in October and February.
The most common amenities are Kitchen (98%), Internet (89%), TV (83%). The strongest positive revenue associations are Heating (+100%), Pool (+95%), Lake Access (+82%).
Average daily rate in Antananarivo is MGA274K, up 13% year-over-year. Rates peak in March and are lowest in October.
Guests in Antananarivo book an average of 22 days in advance, down 3% from last year. Booking windows range from 20 days for 3-bedroom listings to 24 days for 2-bedroom listings.
Booking demand is highest on Friday and lowest on Monday. Nightly rates peak on Friday and are lowest on Wednesday.