Lima

As of May 2026, Lima, Callao, Miraflores have 11,481 active Airbnb and VRBO listings. This represents a 3% decrease from the previous year.

The average Airbnb or VRBO in Lima generates S/29K per year. High-performing properties earn S/79K/year, while low-performing properties earn S/10K/year. This massive revenue disparity suggests that market returns are highly sensitive to property positioning, as the overall supply contraction has not yet compressed the performance gap between top and bottom earners.

Airbnb and VRBO can be profitable in Lima. Average annual revenue is S/29K with 34% occupancy. High-performing properties earn up to S/79K/year. The 34% occupancy rate highlights a competitive environment where high-performing assets effectively capture the majority of demand, significantly outpacing the market average despite the recent slight reduction in total supply.

The average occupancy rate for Airbnbs and VRBOs in Lima is 34%. This occupancy level, combined with an average nightly rate of S/243, results in a RevPAR (revenue per available room) of S/58 per day.

4+ bedroom properties demonstrate the strongest performance in Lima, with annual revenue of S/72K. These properties balance operating costs and rental demand most effectively in the Lima market. Property performance varies significantly by location, amenities, and management quality.

Short-term rental regulations vary by jurisdiction in the Lima area. Lima: Lenient. No specific STR regulations or registration required. Operates under general hospitality/tax rules. Minimal enforcement. Callao: Lenient. No dedicated STR framework. Falls under standard business registration. Light oversight. Miraflores: Moderate. Municipal license required, tax registration, safety standards. Enforcement exists but inconsistent, many operate informally. Always verify current regulations with local authorities and obtain necessary permits before operating a short-term rental.

The Lima Airbnb and VRBO market is currently showing balanced conditions. Supply has declined 3% year-over-year, while RevPAR has decreased 1%. This indicates balanced supply-demand dynamics. The marginal shift in both metrics suggests an equilibrium where limited inventory growth is preventing deeper revenue erosion despite stagnant demand.

Launch around October, 2-3 months before peak winter season (January peaks). This pre-peak timing lets you build reviews when competition is -23% lower than peak months. Avoid launching during peak season when established listings dominate, or slow months (September-June) when gaining traction is harder.

The most common amenities in Lima listings include: Kitchen (97%), Tv (97%), Washing Machine (73%), Elevator (70%), Parking (48%). Amenities that boost revenue the most include Bbq, Heating, Pool, with Bbq properties earning approximately 26% more (S/59K/year vs S/47K/year).

Monthly estimated revenue per listing in Lima over the last 12 months: May: S/1K, June: S/1K, July: S/2K, August: S/1K, September: S/1K, October: S/2K, November: S/2K, December: S/2K, January: S/2K, February: S/2K, March: S/2K, April: S/2K. 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 Lima is S/243, up 26% year-over-year. By property size: 1-bedroom properties average S/161/night, 2-bedroom properties average S/230/night, 3-bedroom properties average S/330/night, 4+ bedroom properties average S/830/night. Rates peak in February and are lowest in May.

Guests in Lima book an average of 18 days in advance, down 26% from last year. By property size: 1-bedroom: 16 days, 2-bedroom: 19 days, 3-bedroom: 22 days, 4+ bedroom: 25 days. Larger properties tend to have longer booking windows as guests plan group trips further ahead.

Over the past year, the Lima Airbnb and VRBO market has seen the following changes: supply declined 3%, revenue per listing decreased 1%, occupancy fell 3%, average nightly rates increased 26%, and lead time decreased 26%. These figures point to a market transitioning toward shorter booking windows and higher pricing premiums to offset softer overall occupancy.

In Lima, Saturday sees the highest booking demand while Monday has the lowest. Nightly rates peak on Saturday and are lowest on Tuesday. Weekends show 18% higher occupancy than weekdays.