Curious about the performance of short-term rentals in Monaco, Monaco? Over the last year, the average occupancy rate was 49% with an average nightly price (ADR) of 383€. Hosts earned on average 4865€ per month.
90-day occupancy forecast for Monaco so you can update rates and stay ahead of competitors.
Key metrics to optimize your pricing strategy
Avg. monthly earnings
4865€
$4427 USD
YoY Revenue Change
23%
vs. previous year
Occupancy Rate
49%
~15 days/month
Average Daily Rate
383€
$349 USD
Seasonality Index
102%
demand variation
Best Months
July, June
peak season
Worst Months
January, December
low season
Our AI-powered platform automatically optimizes your rates. Maximize your revenue with intelligent dynamic pricing.
Monaco posted 49% average occupancy across roughly 176 booked nights a year, exactly in line with the national average since the Principality is tracked as a single market. What sets it apart is price: a 362 euro average daily rate is in a different league from typical Mediterranean towns, producing average monthly revenue of 4,699 euros per listing despite the moderate occupancy. This is the defining trade-off of a luxury scarcity market, fewer nights filled but each one far more valuable.
The standout figure is a 28% year-on-year revenue gain, a strong increase that signals rising rates and demand rather than a saturating market, helped by only 87 active listings competing for high-end guests. A seasonality index of 108% confirms demand is reasonably spread but event-weighted. Read together, the numbers describe a market where operators win on rate and on capturing the right dates, not on keeping a unit busy every night of the year.
Average occupancy rate by month in Monaco, compared with the same month a year earlier.
| Month | Occupancy | Prior year |
|---|---|---|
| Aug 2025 | 67.3% | 61.8% |
| Sep 2025 | 63.1% | 62.9% |
| Oct 2025 | 28.8% | 33.9% |
| Nov 2025 | 36.3% | 21% |
| Dec 2025 | 54.2% | 35.9% |
| Jan 2026 | 31.4% | 25.4% |
| Feb 2026 | 38.4% | 42.5% |
| Mar 2026 | 49.3% | 46.4% |
| Apr 2026 | 49.6% | 43.5% |
| May 2026 | 39.7% | 60.3% |
| Jun 2026 | 49.1% | 49.6% |
| Jul 2026 | 55.3% | 59.7% |
📌 Historical trends reveal seasonal highs – plan accordingly.
These figures reflect real-time demand in Monaco, helping you plan and price strategically.
Monaco is a sovereign city-state on the French Riviera, and its short-term rental demand is driven by luxury leisure, a packed event calendar and its status as a tax-favourable playground for the wealthy. The headline draw is the Formula 1 Monaco Grand Prix each May, when the street circuit through Monte-Carlo and around the harbour fills the Principality and the surrounding coast; the Monte-Carlo Casino, the Opéra, the Larvotto beaches and the superyacht marina of Port Hercule sustain demand the rest of the season. Travellers skew affluent: F1 fans, yacht crews and owners, conference delegates and high-end holidaymakers.
The event roster is what makes this market unusual. Beyond the Grand Prix, the Monte-Carlo Rolex Masters tennis in April, the Monaco Yacht Show in September and a steady flow of galas and conferences at the Grimaldi Forum spread premium demand across spring and autumn. With only a tiny footprint of land and very few short-term listings, Monaco is a scarcity market where the right dates command extraordinary rates rather than high year-round occupancy.
Monaco's demand is spread more evenly than a typical beach town but still tilts to the warm half of the year. The strongest months in the data are June and August, with occupancy reaching the high 60s in the latest year, while the weakest are January and December in the depths of winter, when occupancy can fall into the 20s and 30s. A seasonality index of 108% is moderate, reflecting a calendar shaped by events as much as by weather.
The most striking feature is how event-driven the peaks are rather than purely seasonal. May, the month of the Grand Prix and adjacent to the April tennis Masters, lifts demand sharply; September stays strong on the back of the Yacht Show and shoulder-season galas, reaching 63% in the latest year. Autumn dips quickly once the events thin out, with October and November among the softest non-winter months. For operators, the strategy is to chase the marquee dates with aggressive pricing rather than to count on a long, flat summer.
Monaco is tiny and divided into a handful of distinct quarters, each with its own short-term rental character. Monte-Carlo, home to the Casino, the Opéra and the grand hotels, is the prestige address and the natural home for premium event-week lets. La Condamine, wrapped around Port Hercule, trades on harbour views and proximity to the Grand Prix circuit, making it prime real estate during F1 week.
Fontvieille, the reclaimed-land district to the southwest, is more modern and residential, with its own marina and the Stade Louis II, offering slightly more space for longer or family stays. Larvotto, on the eastern side, is the beach quarter, with the Principality's public beaches and the Grimaldi Forum convention centre nearby, pairing seaside appeal with conference demand. Across all of them, supply is extremely scarce and any unit's value hinges far more on the event calendar than on the specific quarter.
Monaco is a sovereign state with its own legal framework, distinct from France despite the customs union, so French short-term rental rules do not apply here. For private-sector property, owners are generally permitted to advertise and let their homes on platforms such as Airbnb, and the activity is not treated as a competitive threat to the hotel sector given the very small number of listings. Tenants who sublet must ensure their own lease permits it, or risk termination and penalties.
The firmest restriction is on state-owned and subsidised housing: subletting state housing, including under leasehold or housing-capitalisation contracts, is categorically prohibited, with serious consequences up to loss of the property. On tax, short-term letting income is not subject to income tax in the Principality, but the activity falls within VAT, which Monaco applies in alignment with France under the customs union. Because Monaco's rules are specific and can evolve, verify current requirements with the Principality's housing and tax authorities before letting, especially regarding any property tied to state housing schemes.
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* Calculations based on 30 days/month. Actual results may vary depending on market, season, property type, and implemented strategy.
Monaco averaged about 49% occupancy over the analysis period, roughly 176 booked nights a year, exactly in line with its national figure since the Principality is tracked as a single market. The relatively moderate occupancy is offset by exceptional pricing: an average daily rate of 362 euros.
June and August are the strongest months, reaching the high 60s in occupancy, while January and December are the weakest in deep winter. The market is heavily event-driven, so the Formula 1 Grand Prix in May, the April tennis Masters and the September Yacht Show command the highest rates of the year.
Monaco is a sovereign state with its own rules, separate from France. Private-property owners are generally allowed to let on platforms like Airbnb, and the income is not subject to income tax but does fall within VAT. Subletting state-owned or subsidised housing is strictly forbidden. Verify current requirements with Monaco's housing and tax authorities.
Monte-Carlo, home to the Casino and grand hotels, is the prestige address; La Condamine around Port Hercule is prime during F1 week thanks to harbour and circuit views; Fontvieille is more modern and residential; and Larvotto offers beach access near the Grimaldi Forum. With supply extremely scarce, the event calendar matters more than the quarter.