Penang
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Annual revenue (actual)
RM65.5k
12 mo avg
↓7%
from prior 12 mo
Occupancy rate
41%
12 mo avg
↓8%
from prior 12 mo
Avg daily rate
RM350
12 mo avg
↑11%
from prior 12 mo
Lead time
19 days
12 mo avg
↓2 days
from prior 12 mo
Revpar
RM136
12 mo avg
↓7%
from prior 12 mo
Methodology note: Figures reflect Penang market data as of October 2026. Data covers Airbnb, VRBO, and Booking.com listings. Values are seasonally influenced; rounding applied for readability.
Revenue per listing by bedroom
Annual revenue per listing, broken down by bedroom count. Compare which property sizes perform best.
Bedroom count:
0
1
2
3
4+
Short-term rental supply growth
Tracks how the number of active listings changes over time. Rising supply with flat revenue may indicate saturation.
Performance metrics by bedroom
Breakdown of revenue, property values, yields, supply, and cleaning fees for each bedroom type.
Bedrooms
Annual Rev
Supply
Revenue boost by amenity
Shows how specific amenities impact revenue. Beware false correlation i.e. more expensive properties tend to have pools or views.
| Amenity | Listings With | Revenue Boost | Revenue With | Revenue Without |
|---|---|---|---|---|
| Lake Access | — | +RM 16,945 | — | — |
| Bicycles | 🔒 2• (•%) | 🔒 +RM 1•••• (+••%) | 🔒 RM 8•••• | 🔒 RM 6•••• |
| Pets Allowed | 🔒 2•• (••%) | 🔒 +RM 6••• (+••%) | 🔒 RM 7•••• | 🔒 RM 6•••• |
| Heating | 🔒 3•• (••%) | 🔒 +RM 3••• (+•%) | 🔒 RM 7•••• | 🔒 RM 6•••• |
| Hot Tub | 🔒 1•• (•%) | 🔒 +RM 3••• (+•%) | 🔒 RM 7•••• | 🔒 RM 6•••• |
| Barbecue | 🔒 4•• (••%) | 🔒 +RM 1••• (+•%) | 🔒 RM 7•••• | 🔒 RM 6•••• |
| Internet | 🔒 2••• (••%) | 🔒 +RM 7•• (+•%) | 🔒 RM 6•••• | 🔒 RM 6•••• |
| Gym | 🔒 1••• (••%) | 🔒 +RM 6•• (+•%) | 🔒 RM 7•••• | 🔒 RM 6•••• |
Nightly rate by day of week
Average nightly rate for each day of the week. Most markets see higher rates on weekends.
Occupancy rate by day of week
Shows booking patterns throughout the week. Helps understand demand cycles.
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 (4.0 nights)
1 bedroom (3.8 nights)
4+ bedrooms (3.7 nights)
Studio (3.5 nights)
2 bedrooms (3.5 nights)
Cleaning fee by bedroom
4+ bedrooms (MYR 29)
3 bedrooms (MYR 19)
2 bedrooms (MYR 17)
1 bedroom (MYR 16)
Studio (MYR 11)
Professional host share
Professionally managed (85%)
Independent hosts (15%)
Over the 12 months ending September 2026, the Penang market averaged 4,299 active Airbnb and VRBO listings, up 14% from a year earlier and up 127% over two years.
An average Penang listing earns MYR50K/year. High-performing listings earn MYR118K, while low-performing listings earn MYR19K.
Average occupancy in Penang is 32%, producing RevPAR of MYR107 per available night.
4+ bedroom listings generate the highest average annual revenue in Penang, at MYR74K.
Rules vary across Penang. George Town: Moderate. Accommodation license required from Penang Island City Council, fire safety compliance, tourism tax registration. Enforcement increasing but inconsistent - many unlicensed units still operate. Batu Ferringhi: Moderate. Same requirements as George Town - accommodation license, tourism tax. Tourist area with more tolerance; enforcement sporadic despite regulations. Butterworth: Lenient. Minimal specific STR regulations, basic business registration advised. Limited enforcement infrastructure; hosts largely operate freely with little oversight. Verify requirements for the property's jurisdiction.
The Penang Airbnb and VRBO market appears broadly balanced. Supply has grown 14% year-over-year, while RevPAR has increased 10%, showing no clear supply-demand imbalance.
RevPAR is highest in December and July; it is lowest in April and October.
The most common amenities are Air Conditioning (99%), Kitchen (96%), Internet (96%). The strongest positive revenue associations are Pets Allowed (+9%), Washing Machine (+6%), Heating (+6%).
Average daily rate in Penang is MYR362, up 19% year-over-year. Rates peak in February and are lowest in November.
Guests in Penang book an average of 20 days in advance, down 4% from last year. Booking windows range from 18 days for 1-bedroom listings to 26 days for 4+ bedroom listings.
Booking demand is highest on Saturday and lowest on Monday. Nightly rates peak on Saturday and are lowest on Wednesday. Weekend occupancy is 41% higher than weekday occupancy.
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