Manila

As of May 2026, Manila, Makati, Quezon City, Pasay have 20,937 active Airbnb and VRBO listings. This represents a 7% increase from the previous year.

The average Airbnb or VRBO in Manila generates PHP276K per year. High-performing properties earn PHP956K/year, while low-performing properties earn PHP93K/year. This massive disparity suggests that market returns are increasingly polarized, where top listings capture the majority of demand while the broader market faces revenue contraction.

Airbnb and VRBO can be profitable in Manila. Average annual revenue is PHP276K with 26% occupancy. High-performing properties earn up to PHP956K/year. The spread between average and high performance indicates that revenue potential is heavily concentrated in specific tiers, rather than distributed evenly across the existing supply.

The average occupancy rate for Airbnbs and VRBOs in Manila is 26%. This occupancy level, combined with an average nightly rate of PHP3K, results in a RevPAR (revenue per available room) of PHP561 per day.

4+ bedroom properties demonstrate the strongest performance in Manila, with annual revenue of PHP895K. These properties balance operating costs and rental demand most effectively in the Manila market. Property performance varies significantly by location, amenities, and management quality.

Short-term rental regulations vary by jurisdiction in the Manila area. Manila: Lenient. Business permit and BIR registration technically required. Minimal enforcement, most hosts operate without permits. Makati: Moderate. Business permit, mayor's permit, and barangay clearance required. Selective enforcement in high-rise condos. Quezon City: Lenient. Mayor's permit and DTI registration required. Light enforcement, widespread informal operations. Pasay: Lenient. Business permit needed, zoning rules exist. Minimal enforcement despite proximity to airport tourism. Always verify current regulations with local authorities and obtain necessary permits before operating a short-term rental.

The Manila Airbnb and VRBO market is currently showing balanced conditions. Supply has grown 7% year-over-year, while RevPAR has decreased 17%. This indicates balanced supply-demand dynamics. The drop in RevPAR despite stable supply growth signals that competitive pressure is intensifying, forcing lower yields across the board.

Launch around September, 2-3 months before peak winter season (December peaks). This pre-peak timing lets you build reviews when competition is -14% lower than peak months. Avoid launching during peak season when established listings dominate, or slow months (October-September) when gaining traction is harder.

The most common amenities in Manila listings include: Air Conditioning (100%), Kitchen (98%), Tv (98%), Pool (86%), Parking (76%). Amenities that boost revenue the most include Washing Machine, Pool, Gym, with Washing Machine properties earning approximately 28% more (PHP717K/year vs PHP562K/year).

Monthly estimated revenue per listing in Manila over the last 12 months: May: PHP16K, June: PHP16K, July: PHP17K, August: PHP16K, September: PHP15K, October: PHP16K, November: PHP20K, December: PHP24K, January: PHP18K, February: PHP15K, March: PHP16K, April: PHP17K. 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 Manila is PHP3K, up 18% year-over-year. By property size: 1-bedroom properties average PHP3K/night, 2-bedroom properties average PHP4K/night, 3-bedroom properties average PHP8K/night, 4+ bedroom properties average PHP12K/night. Rates peak in December and are lowest in May.

Guests in Manila book an average of 16 days in advance, down 26% from last year. By property size: 1-bedroom: 16 days, 2-bedroom: 20 days, 3-bedroom: 25 days, 4+ bedroom: 27 days. Larger properties tend to have longer booking windows as guests plan group trips further ahead.

Over the past year, the Manila Airbnb and VRBO market has seen the following changes: supply grew 7%, revenue per listing decreased 17%, occupancy fell 26%, average nightly rates increased 18%, and lead time decreased 26%. These shifts point to a tightening market where shorter booking windows and higher prices are struggling to offset declining occupancy.

In Manila, Saturday sees the highest booking demand while Monday has the lowest. Nightly rates peak on Friday and are lowest on Thursday. Weekends show 19% higher occupancy than weekdays.