Ho Chi Minh City

As of May 2026, Ho Chi Minh City, Thu Duc, Bien Hoa have 10,604 active Airbnb and VRBO listings. This represents a 5% decrease from the previous year.

The average Airbnb or VRBO in Ho Chi Minh City generates VND167M per year. High-performing properties earn VND687M/year, while low-performing properties earn VND45M/year. This massive revenue spread suggests that market rewards are highly concentrated, indicating that operational efficiency is a primary driver of returns rather than broad market growth.

Airbnb and VRBO can be profitable in Ho Chi Minh City. Average annual revenue is VND167M with 25% occupancy. High-performing properties earn up to VND687M/year. The 25% occupancy rate indicates significant slack in the market, where top-tier listings capture disproportionate demand despite a shrinking total supply environment.

The average occupancy rate for Airbnbs and VRBOs in Ho Chi Minh City is 25%. This occupancy level, combined with an average nightly rate of VND1751K, results in a RevPAR (revenue per available room) of VND353K per day.

4+ bedroom properties demonstrate the strongest performance in Ho Chi Minh City, with annual revenue of VND489M. These properties balance operating costs and rental demand most effectively in the Ho Chi Minh City market. Property performance varies significantly by location, amenities, and management quality.

Short-term rental regulations vary by jurisdiction in the Ho Chi Minh City area. Ho Chi Minh City: Lenient. Business license theoretically required, but enforcement minimal. Thousands of unlicensed units operate openly on platforms. Authorities rarely intervene unless complaints arise. Thu Duc: Lenient. Same as HCMC - business registration nominally required but widely ignored. Enforcement virtually non-existent. Hosts operate freely without permits. Bien Hoa: Lenient. Minimal regulations, no specific STR framework. Business license technically needed but unenforced. Market operates informally with little government oversight. Always verify current regulations with local authorities and obtain necessary permits before operating a short-term rental.

The Ho Chi Minh City Airbnb and VRBO market is currently showing balanced conditions. Supply has declined 5% year-over-year, while RevPAR has decreased 2%. This indicates balanced supply-demand dynamics. This contraction in both supply and revenue suggests a consolidation phase where the market is shedding underperforming assets while stabilizing.

Launch around October, 2-3 months before peak winter season (January peaks). This pre-peak timing lets you build reviews when competition is 21% lower than peak months. Avoid launching during peak season when established listings dominate, or slow months (June-May) when gaining traction is harder.

The most common amenities in Ho Chi Minh City listings include: Air Conditioning (99%), Kitchen (97%), Tv (96%), Washing Machine (91%), Parking (72%). Amenities that boost revenue the most include Hot Tub, Washing Machine, Gym, with Hot Tub properties earning approximately 45% more (VND533M/year vs VND367M/year).

Monthly estimated revenue per listing in Ho Chi Minh City over the last 12 months: May: VND7543K, June: VND7685K, July: VND9875K, August: VND8771K, September: VND7337K, October: VND8524K, November: VND11M, December: VND16M, January: VND16M, February: VND9557K, March: VND14M, April: VND12M. 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 Ho Chi Minh City is VND1751K, up 17% year-over-year. By property size: 1-bedroom properties average VND1083K/night, 2-bedroom properties average VND1985K/night, 3-bedroom properties average VND3239K/night, 4+ bedroom properties average VND6601K/night. Rates peak in January and are lowest in September.

Guests in Ho Chi Minh City book an average of 18 days in advance, down 17% from last year. By property size: 1-bedroom: 17 days, 2-bedroom: 20 days, 3-bedroom: 22 days, 4+ bedroom: 29 days. Larger properties tend to have longer booking windows as guests plan group trips further ahead.

Over the past year, the Ho Chi Minh City Airbnb and VRBO market has seen the following changes: supply declined 5%, revenue per listing decreased 2%, occupancy fell 10%, average nightly rates increased 17%, and lead time decreased 17%. These metrics reveal a shift toward shorter booking cycles and price sensitivity, reflecting a market adjusting to lower utilization.

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