Curious about the performance of short-term rentals in Fez, Morocco? Over the last year, the average occupancy rate was 45% with an ADR (Average Daily Rate) of 55€. Hosts earned on average 706€ per month.

90-day occupancy forecast for Fez so you can update rates and stay ahead of competitors.
Key metrics to optimize your pricing strategy
Avg. Monthly Revenue
706€
$642 USD
YoY Revenue Change
-3%
vs. previous year
Occupancy Rate
45%
~14 days/month
Average Daily Rate
55€
$50 USD
Seasonality Index
62%
demand variation
Best Months
October, April
peak season
Worst Months
June, February
low season
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Over the analysis period June 2025 to May 2026, Fez ran 45% average occupancy and a 55 EUR ADR, producing roughly 703 EUR in average monthly revenue across about 161 booked nights a year. That occupancy sits roughly eight points below the Moroccan city average of about 53%, making Fez the softest-occupancy market of the six cities tracked, and its monthly revenue is the lowest in the set, well behind Marrakesh and Essaouira.
The 55 EUR ADR is below the national average of about 68 EUR, consistent with a cultural city of short, value-oriented stays rather than premium leisure. Year-on-year revenue is down 4%, a mild decline, and seasonality of 67% confirms a market that concentrates earnings into the April and October peaks rather than spreading them evenly. The practical reading: in Fez, pricing discipline around the two shoulder peaks matters more than chasing summer.
Average occupancy rate by month in Fez, compared with the same month a year earlier.
| Month | Occupancy | Prior year |
|---|---|---|
| Jul 2025 | 46.7% | 54.2% |
| Aug 2025 | 52.4% | 57.6% |
| Sep 2025 | 43.6% | 47.4% |
| Oct 2025 | 56% | 56.1% |
| Nov 2025 | 38.8% | 48.2% |
| Dec 2025 | 54.7% | 56.8% |
| Jan 2026 | 40.6% | 48.1% |
| Feb 2026 | 39.7% | 55.5% |
| Mar 2026 | 49.3% | 45.3% |
| Apr 2026 | 56.8% | 69.1% |
| May 2026 | 47.8% | 49.7% |
| Jun 2026 | 41.8% | 42.6% |
📌 Historical trends reveal seasonal highs – plan accordingly.
These figures reflect real-time demand in Fez, helping you plan and price strategically.
Fez is Morocco's spiritual and cultural capital rather than a beach or party destination, and its Airbnb demand reflects that. Fes el Bali, the walled medieval medina, is a UNESCO World Heritage site and home to the University of al-Qarawiyyin, the oldest continuously operating university in the world, founded in 859 CE. Guests come for the tanneries, the souks, the madrasas and the dense maze of 9,000-plus alleyways, so the converted riad inside the medina is the signature short-term-rental product here.
The typical guest stays two to four nights as part of a wider Imperial Cities circuit (Fez, Meknes, Marrakesh, Rabat), which keeps demand culturally driven and weighted toward heritage rather than nightlife. With only around 107 active listings, Fez is a far smaller and thinner market than Marrakesh or Essaouira, so individual riad quality, authentic decor and medina location matter more here than raw supply scale.
Spring and autumn are the clear peaks: October and April are the two strongest months, when daytime temperatures are mild and the medina is comfortable to walk. June and February are the softest months, June because the summer heat (highs near 36C) deters the cultural sightseer Fez relies on, and February because of cold, wet winter mornings.
The headline cultural event is the Fez Festival of World Sacred Music, whose 2026 edition runs 4-7 June and draws around 200 artists from 15 countries, briefly lifting an otherwise weak June. From 26 March 2026 the city added a weekly cultural programme at Bab Boujloud square, with performances every Friday to Sunday, aimed at deepening the spring shoulder season. Price riads firmly around April and October, and treat the Sacred Music week as an isolated rate spike inside a low month.
Fes el Bali, the old medina, is the prime short-term-rental zone: traditional riads here command the highest authenticity premium, but they are inside a vehicle-free pedestrian labyrinth, so guests must be guided in on foot and luggage moved by handcart. Fes Jdid, the 13th-century 'new' medina next to the royal palace and Mellah, is quieter and slightly more accessible while still feeling historic.
Ville Nouvelle, the French-built new town, is the practical alternative: wide boulevards, cafes, parking and easy taxi access suit business travellers and guests who want modern apartments over medieval charm, though it carries none of the riad premium. As a rule, medina riads chase nightly rate and atmosphere; Ville Nouvelle apartments chase convenience, reliability and longer stays.
Short-term rentals in Fez fall under Morocco's national framework, Law 80-14 and implementing Decree 2.23.441, which govern furnished lettings of under one month. Hosts must obtain an operating licence from the local authorities, typically via the Regional Investment Center (CRI), submitting ID, proof of ownership or right to let, property photos, an insurance certificate and safety documentation. Fire, theft and civil-liability insurance plus working smoke detectors are legally required.
Daily electronic guest declaration to the authorities is mandatory and records must be kept at least one year; the municipal tourist tax (commonly 10-30 MAD per guest per night) is collected from guests and remitted to the commune. Rental income must be declared to the Direction Générale des Impots. Unlicensed operation carries fines of 50,000 to 500,000 MAD, and failing to declare guests can mean one to six months imprisonment, so registering the riad before listing is essential.
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* Calculations based on 30 days/month. Actual results may vary depending on market, season, property type, and implemented strategy.
Fez averaged about 45% occupancy over the June 2025 to May 2026 period, equating to roughly 161 booked nights a year. That is around eight points below the Moroccan city average of about 53% and the lowest of the six tracked Moroccan markets, reflecting Fez's culturally driven, shorter-stay demand rather than weak property quality. Strong, well-located medina riads typically run well above that city-wide figure.
April and October are the two strongest months, when mild temperatures make the medina comfortable to explore. June and February are the weakest, hurt by summer heat and cold, wet winters respectively. The exception is early June: the Fez Festival of World Sacred Music (4-7 June 2026) briefly spikes demand, so set premium rates for that week even though the surrounding month is soft.
Yes. Under Morocco's Law 80-14 and Decree 2.23.441 you must obtain an operating licence from local authorities, usually via the Regional Investment Center, with ID, proof of ownership, photos, insurance and safety documents. Daily electronic guest declaration and the municipal tourist tax (about 10-30 MAD per guest per night) are mandatory. Unlicensed operation carries fines from 50,000 to 500,000 MAD.
Fes el Bali, the UNESCO old medina, is the prime zone: authentic riads command the highest rates but sit inside a vehicle-free pedestrian maze, so guests need guiding in on foot. Fes Jdid is quieter and slightly more accessible. Ville Nouvelle, the French-built new town, suits business travellers and longer stays wanting modern apartments, parking and taxi access over riad charm.