Lisbon

As of May 2026, Lisbon, Cascais, Sintra have 11,102 active Airbnb and VRBO listings. This represents a 12% decrease from the previous year.

The average Airbnb or VRBO in Lisbon generates €37K per year. High-performing properties earn €75K/year, while low-performing properties earn €15K/year. The stark disparity between high and low earners suggests that revenue is heavily concentrated in premium listings, likely benefiting from specialized positioning or superior yield management in a shrinking supply environment.

Airbnb and VRBO can be profitable in Lisbon. Average annual revenue is €37K with 51% occupancy. High-performing properties earn up to €75K/year. A 51% occupancy rate alongside significant revenue variance indicates that market saturation is uneven, with top-tier assets capturing the majority of demand despite the broader contraction in total listings.

The average occupancy rate for Airbnbs and VRBOs in Lisbon is 51%. This occupancy level, combined with an average nightly rate of €163, results in a RevPAR (revenue per available room) of €67 per day.

4+ bedroom properties demonstrate the strongest performance in Lisbon, with annual revenue of €77K. These properties balance operating costs and rental demand most effectively in the Lisbon market. Property performance varies significantly by location, amenities, and management quality.

Short-term rental regulations vary by jurisdiction in the Lisbon area. Lisbon: Moderate. AL (Alojamento Local) registration mandatory, online platform required. No owner-occupancy rules. Registration suspended in saturated areas since 2023. Enforcement increasing with inspections and fines for unregistered units. Cascais: Moderate. AL registration required, follows national rules. Some density limits in historic center. Less aggressive enforcement than Lisbon but compliance checks occur. Sintra: Moderate. AL registration mandatory, stricter in historic zones. Density concerns in tourist areas. Moderate enforcement, focus on illegal operations. Always verify current regulations with local authorities and obtain necessary permits before operating a short-term rental.

The Lisbon Airbnb and VRBO market is currently showing balanced conditions. Supply has declined 12% year-over-year, while RevPAR has decreased 10%. This indicates balanced supply-demand dynamics. The concurrent contraction in both supply and revenue suggests a stabilizing market where reduced inventory is not yet resulting in improved pricing power for remaining operators.

Launch around January, 2-3 months before peak fall season (April peaks). This pre-peak timing lets you build reviews when competition is 32% lower than peak months. Avoid launching during peak season when established listings dominate, or slow months (December-January) when gaining traction is harder.

The most common amenities in Lisbon listings include: Kitchen (94%), Tv (82%), Washing Machine (78%), Air Conditioning (62%), Heating (57%). Amenities that boost revenue the most include Washing Machine, Air Conditioning, with Washing Machine properties earning approximately 27% more (€41K/year vs €33K/year).

Monthly estimated revenue per listing in Lisbon over the last 12 months: May: €2K, June: €2K, July: €2K, August: €2K, September: €3K, October: €3K, November: €2K, December: €1K, January: €1K, February: €1K, March: €2K, April: €3K. 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 Lisbon is €163, up 11% year-over-year. By property size: 1-bedroom properties average €120/night, 2-bedroom properties average €186/night, 3-bedroom properties average €255/night, 4+ bedroom properties average €427/night. Rates peak in September and are lowest in February.

Guests in Lisbon book an average of 40 days in advance, down 20% from last year. By property size: 1-bedroom: 37 days, 2-bedroom: 41 days, 3-bedroom: 48 days, 4+ bedroom: 51 days. Larger properties tend to have longer booking windows as guests plan group trips further ahead.

Over the past year, the Lisbon Airbnb and VRBO market has seen the following changes: supply declined 12%, revenue per listing decreased 10%, occupancy fell 6%, average nightly rates increased 11%, and lead time decreased 20%. These shifts reflect a move toward shorter booking windows and higher price sensitivity, signaling a transition in traveler behavior despite the reduction in available stock.

In Lisbon, Saturday sees the highest booking demand while Monday has the lowest. Nightly rates peak on Friday and are lowest on Wednesday. Weekends show 13% higher occupancy than weekdays.