Curious about the performance of short-term rentals in New Delhi, India? Over the last year, the average occupancy rate was 46% with an ADR (Average Daily Rate) of 38€. Hosts earned on average 507€ per month.

90-day occupancy forecast for New Delhi so you can update rates and stay ahead of competitors.
Key metrics to optimize your pricing strategy
Avg. Monthly Revenue
507€
$461 USD
YoY Revenue Change
-15%
vs. previous year
Occupancy Rate
46%
~14 days/month
Average Daily Rate
38€
$35 USD
Seasonality Index
47%
demand variation
Best Months
November, February
peak season
Worst Months
May, April
low season
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Over the June 2025 to May 2026 window, New Delhi averaged 46% occupancy across about 165 booked nights a year, six points above the 40% Indian national figure, making it one of the stronger of the three Indian cities ListingOK tracks. But the absolute numbers are modest: a 38 euro average daily rate, the lowest among this batch of cities, produces average monthly revenue of just 507 euros per listing, reflecting India's low price base and intense budget-lodging competition.
The figure that stands out is a 16% year-on-year revenue decline, the steepest drop in this batch and a clear warning sign of softening demand or growing supply pressure. With only 165 booked nights a year, the calendar has long idle stretches dominated by the summer heat. Read together, the numbers describe a high-volume, low-yield market where above-national occupancy does not translate into strong revenue, and where the recent decline demands careful cost control and aggressive off-season pricing.
Average occupancy rate by month in New Delhi, compared with the same month a year earlier.
| Month | Occupancy | Prior year |
|---|---|---|
| Jul 2025 | 43.7% | 48.3% |
| Aug 2025 | 45.9% | 47.2% |
| Sep 2025 | 45.4% | 48.7% |
| Oct 2025 | 48.5% | 50.2% |
| Nov 2025 | 50.1% | 51.8% |
| Dec 2025 | 49.3% | 51.5% |
| Jan 2026 | 40% | 45.2% |
| Feb 2026 | 54.6% | 55.7% |
| Mar 2026 | 37.5% | 43% |
| Apr 2026 | 39.5% | 45.2% |
| May 2026 | 38.2% | 37.5% |
| Jun 2026 | 45.8% | 38.7% |
📌 Historical trends reveal seasonal highs – plan accordingly.
These figures reflect real-time demand in New Delhi, helping you plan and price strategically.
New Delhi sits at the centre of India's capital region and its short-term rental demand is a blend of inbound tourism, domestic business travel and the heavy government, diplomatic and conference traffic that flows through the seat of national power. Leisure visitors anchor on the historic monuments, the Mughal-era Red Fort and Humayun's Tomb, the Qutub Minar, the colonial-era India Gate and the shopping and dining hub of Connaught Place, and many use the city as the gateway to the Golden Triangle circuit running on to Agra and Jaipur.
The guest mix skews toward international tourists arriving via Indira Gandhi International Airport, business travellers visiting Delhi's corporate and political institutions, and domestic visitors for medical, education and family reasons. Weddings, trade exhibitions at Pragati Maidan and major cultural events add episodic demand. With just 103 active listings tracked, formal short-term rental is a thin slice of a vast informal lodging market, and demand is highly price-sensitive in a city where guesthouses and budget hotels compete hard.
New Delhi's calendar is shaped overwhelmingly by climate, and the pattern is the inverse of European cities: the best months are November and February, the cool, dry, pleasant windows that bracket the harsh winter and the extreme summer. November 2024 reached 51.8% and February 2026 hit 54.6%, the year's high points, as comfortable weather draws both tourists and the wedding and conference season. December also holds up well.
The weakest months are May and April, when pre-monsoon heat regularly pushes past 40°C and demand collapses, May 2025 fell to 37.5% and May 2026 to 38.3%. The monsoon months of July and August are only modestly better. The 47% seasonality index understates how binary the market feels in practice: a comfortable autumn-to-spring high season versus a punishing summer trough. Operators should plan for a strong October-to-March stretch and treat the hot months as a discount-and-occupancy game.
The most reliable short-stay areas cluster around central and south Delhi. Connaught Place and the surrounding central business district put guests at the transport heart of the city with metro access in every direction, suiting business and first-time visitors. Karol Bagh and Paharganj, near New Delhi railway station, are long-established budget-traveller hubs with dense, value-oriented inventory.
South Delhi neighbourhoods carry the upscale demand: Hauz Khas, with its village nightlife and the historic deer park, draws younger international travellers, while Greater Kailash, Defence Colony and Saket offer leafy, residential calm near malls and restaurants for longer and higher-budget stays. Aerocity, the hotel-and-business cluster beside the airport, captures transit and corporate demand. Proximity to a metro station is the single biggest practical driver of bookings across all of these.
India has no single national short-term rental licence, and regulation is layered across central, state and municipal rules plus housing-society bylaws, so in Delhi the position must be confirmed locally before operating. Depending on how the activity is run, hosts may need business registration under the Delhi Shops and Establishments Act, and a trade licence under the Delhi Municipal Corporation Act; running a property as a guest house or lodging establishment generally requires a licence from the Delhi Police via the unified licensing portal for eating, lodging and boarding establishments.
A practical constraint is that many residential housing societies and cooperative buildings prohibit or restrict daily rentals through their bylaws, so checking the building's rules is essential. Hosts must also comply with guest-registration requirements (including Form C / FRRO reporting for foreign nationals) and applicable GST and income-tax obligations. Because requirements are fragmented and enforcement uneven, operators should verify the current licensing, zoning and society rules with Delhi authorities and a local professional before listing.
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* Calculations based on 30 days/month. Actual results may vary depending on market, season, property type, and implemented strategy.
New Delhi averaged about 46% occupancy over the June 2025 to May 2026 period, roughly 165 booked nights a year. That is six points above the 40% Indian national figure, making it relatively strong for India, but the absolute calendar is short, long idle stretches in the hot months mean above-national occupancy still leaves a lot of empty nights.
November and February are the strongest months, the cool, dry, pleasant windows around winter when tourism and the wedding and conference season peak; occupancy reaches the low-to-mid fifties. May and April are by far the weakest, with pre-monsoon heat above 40°C pushing occupancy below 40%. Plan for a strong October-to-March season and discount through the punishing summer.
There is no single national licence, and rules are fragmented. Depending on the setup you may need business registration under the Delhi Shops and Establishments Act and a trade licence under the Delhi Municipal Corporation Act; guest-house operation needs a Delhi Police licence. Many housing societies also ban daily rentals via their bylaws. Confirm licensing, zoning and society rules with Delhi authorities and a local professional, and handle Form C reporting for foreign guests.
Connaught Place and the central business district suit business and first-time visitors with metro access everywhere; Karol Bagh and Paharganj are budget-traveller hubs near the railway station. South Delhi carries the upscale demand, Hauz Khas for younger travellers, Greater Kailash, Defence Colony and Saket for leafy, longer stays. Aerocity captures airport and corporate demand. Proximity to a metro station drives bookings most.