Penang
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Overview
Annual Rev
RM66.6k
12 mo avg
↓9%
from prior 12 mo
Occupancy rate
40%
12 mo avg
↓8%
from prior 12 mo
Avg daily rate
RM347
12 mo avg
↑10%
from prior 12 mo
Lead time
19 days
12 mo avg
↓3 days
from prior 12 mo
Revpar
RM136
12 mo avg
↓12%
from prior 12 mo
Methodology note: Figures reflect Penang 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 |
|---|---|---|---|---|
| Bicycles | — | +RM 17,275 | — | — |
| Pets Allowed | 🔒 2•• (••%) | 🔒 +RM 6••• (+••%) | 🔒 RM 7•••• | 🔒 RM 6•••• |
| Lake Access | 🔒 7 (•%) | 🔒 +RM 6••• (+••%) | 🔒 RM 7•••• | 🔒 RM 6•••• |
| Hot Tub | 🔒 1•• (•%) | 🔒 +RM 4••• (+•%) | 🔒 RM 7•••• | 🔒 RM 6•••• |
| Heating | 🔒 3•• (••%) | 🔒 +RM 3••• (+•%) | 🔒 RM 7•••• | 🔒 RM 6•••• |
| Internet | 🔒 1••• (••%) | 🔒 +RM 2••• (+•%) | 🔒 RM 7•••• | 🔒 RM 6•••• |
| Gym | 🔒 1••• (••%) | 🔒 +RM 1••• (+•%) | 🔒 RM 7•••• | 🔒 RM 6•••• |
| Barbecue | 🔒 3•• (••%) | 🔒 +RM 2•• (+•%) | 🔒 RM 6•••• | 🔒 RM 6•••• |
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 (4.1 nights)
1 bedroom (3.8 nights)
4+ bedrooms (3.6 nights)
2 bedrooms (3.4 nights)
Cleaning fee by bedroom
4+ bedrooms (MYR 31)
3 bedrooms (MYR 19)
2 bedrooms (MYR 17)
1 bedroom (MYR 16)
Professional host share
Professionally managed (87%)
Independent hosts (13%)
Over the 12 months ending August 2026, the Penang market averaged 4,208 active Airbnb and VRBO listings, up 12% from a year earlier and up 122% over two years.
An average Penang listing earns MYR51K/year. High-performing listings earn MYR119K, while low-performing listings earn MYR19K.
Average occupancy in Penang is 32%, producing RevPAR of MYR108 per available night.
4+ bedroom listings generate the highest average annual revenue in Penang, at MYR75K.
Rules vary across Penang. George Town: Moderate. Registration required with local council, tourist accommodation license needed. Some enforcement through complaints and inspections, but many unlicensed units operate. Batu Ferringhi: Moderate. Same licensing requirements as George Town. Tourism zone has more oversight but enforcement inconsistent. Many operate informally. Butterworth: Lenient. Minimal enforcement of licensing rules. Most hosts operate without proper registration. Authorities focus on commercial hotels over residential rentals. Verify requirements for the property's jurisdiction.
The Penang Airbnb and VRBO market appears broadly balanced. Supply has grown 12% year-over-year, while RevPAR has increased 11%, 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 (100%), Kitchen (96%), Parking (96%). The strongest positive revenue associations are Pets Allowed (+11%), Washing Machine (+7%), Internet (+5%).
Average daily rate in Penang is MYR360, up 20% year-over-year. Rates peak in February and are lowest in November.
Guests in Penang book an average of 20 days in advance, down 8% 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 40% higher than weekday occupancy.