Chetumal

As of May 2026, Chetumal, Bacalar, Mahahual have 1,151 active Airbnb and VRBO listings. This represents a 10% decrease from the previous year.

The average Airbnb or VRBO in Chetumal generates $250K per year. High-performing properties earn $1.0M/year, while low-performing properties earn $86K/year. The extreme variance between top and bottom performers suggests that asset positioning is currently driving revenue outcomes far more than baseline market conditions.

Airbnb and VRBO can be profitable in Chetumal. Average annual revenue is $250K with 23% occupancy. High-performing properties earn up to $1.0M/year. With supply contracting nearly 10% annually, the high revenue ceiling indicates that remaining inventory is capturing significant market share despite low average occupancy.

The average occupancy rate for Airbnbs and VRBOs in Chetumal is 23%. This occupancy level, combined with an average nightly rate of $2K, results in a RevPAR (revenue per available room) of $558 per day.

4+ bedroom properties demonstrate the strongest performance in Chetumal, with annual revenue of $912K. These properties balance operating costs and rental demand most effectively in the Chetumal market. Property performance varies significantly by location, amenities, and management quality.

Short-term rental regulations vary by jurisdiction in the Chetumal area. Chetumal: Lenient. State registration required but minimal local oversight. Light enforcement, many operate informally. Bacalar: Lenient. Basic state registration needed, no strict local rules. Growing STR market with limited enforcement despite environmental concerns. Mahahual: Lenient. Minimal regulation beyond basic business permits. Small tourism village with relaxed enforcement, hosts operate freely. Always verify current regulations with local authorities and obtain necessary permits before operating a short-term rental.

The Chetumal Airbnb and VRBO market is currently showing balanced conditions. Supply has declined 10% year-over-year, while RevPAR has decreased 1%. This indicates balanced supply-demand dynamics. The stability in revenue despite lower unit counts suggests the market is currently consolidating toward a more sustainable equilibrium.

Launch around January, 2-3 months before peak winter season (April peaks). This pre-peak timing lets you build reviews when competition is -28% lower than peak months. Avoid launching during peak season when established listings dominate, or slow months (May-September) when gaining traction is harder.

The most common amenities in Chetumal listings include: Air Conditioning (97%), Kitchen (91%), Tv (81%), Balcony (56%), Private Yard (56%). Amenities that boost revenue the most include Lake Access, Bbq, Pool, with Lake Access properties earning approximately 169% more ($825K/year vs $307K/year).

Monthly estimated revenue per listing in Chetumal over the last 12 months: May: $13K, June: $13K, July: $21K, August: $19K, September: $10K, October: $12K, November: $14K, December: $22K, January: $20K, February: $17K, March: $22K, April: $22K. 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 Chetumal is $2K, up 13% year-over-year. By property size: 1-bedroom properties average $2K/night, 2-bedroom properties average $3K/night, 3-bedroom properties average $5K/night, 4+ bedroom properties average $9K/night. Rates peak in April and are lowest in May.

Guests in Chetumal book an average of 29 days in advance, down 12% from last year. By property size: 1-bedroom: 26 days, 2-bedroom: 31 days, 3-bedroom: 34 days, 4+ bedroom: 40 days. Larger properties tend to have longer booking windows as guests plan group trips further ahead.

Over the past year, the Chetumal Airbnb and VRBO market has seen the following changes: supply declined 10%, revenue per listing decreased 1%, occupancy fell 12%, average nightly rates increased 13%, and lead time decreased 12%. These shifts reveal a market transitioning toward shorter booking windows and higher price sensitivity.

In Chetumal, Saturday sees the highest booking demand while Tuesday has the lowest. Nightly rates peak on Saturday and are lowest on Tuesday. Weekends show 27% higher occupancy than weekdays.