Airbnb Occupancy Rate in Lisbon, Portugal, Data & Trends 2026
Curious about the performance of short-term rentals in Lisbon, Portugal? Over the last year, the average occupancy rate was 71% with an ADR (Average Daily Rate) of 140€. Hosts earned on average 2914€ per month.
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90-day occupancy forecast for Lisbon so you can update rates and stay ahead of competitors.
Market summary in Lisbon
Key metrics to optimize your pricing strategy
Avg. Monthly Revenue
2914€
$2652 USD
YoY Revenue Change
-11%
vs. previous year
Occupancy Rate
71%
~21 days/month
Average Daily Rate
140€
$127 USD
Seasonality Index
78%
demand variation
Best Months
September, May
peak season
Worst Months
January, December
low season
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What Lisbon's occupancy and ADR actually mean
Over the June 2025 to May 2026 analysis period, Lisbon averaged 72% occupancy at a 141€ ADR, producing about 2,939€ in average monthly revenue across roughly 258 booked nights a year. Both figures sit at the top of the Portuguese cities tracked here: occupancy runs about one point above the national average of roughly 71%, and the 141€ ADR is well ahead of the country mean of about 127€, pulled down by Porto's lower 98€ rate. Lisbon and Almada share the highest occupancy, but Lisbon's larger, more international market underpins its premium pricing.
The caution is direction of travel: revenue is down 11% year on year, a steeper decline than Porto's -6%, reflecting tighter supply rules, rising costs and softening rates rather than weak demand. Seasonality is moderate at 78%, less volatile than Porto's 92%, so income is comparatively steady through the year. Manage the negative YoY by leaning into the June and November event peaks and protecting ADR rather than chasing volume.
Monthly Airbnb occupancy in Lisbon
Average occupancy rate by month in Lisbon, compared with the same month a year earlier.
| Month | Occupancy | Prior year |
|---|---|---|
| Jul 2025 | 79.2% | 79.9% |
| Aug 2025 | 80.3% | 83.4% |
| Sep 2025 | 85% | 87.1% |
| Oct 2025 | 83.4% | 86.7% |
| Nov 2025 | 60.4% | 67.3% |
| Dec 2025 | 53.3% | 60.4% |
| Jan 2026 | 48% | 56.8% |
| Feb 2026 | 65.2% | 72.5% |
| Mar 2026 | 70.4% | 73.7% |
| Apr 2026 | 78.3% | 79.9% |
| May 2026 | 83.7% | 83.9% |
| Jun 2026 | 76.8% | 79.9% |
Historical Airbnb occupancy in Lisbon (last 12 months)
📌 Historical trends reveal seasonal highs – plan accordingly.
Airbnb occupancy forecast in Lisbon (next 90 days)
These figures reflect real-time demand in Lisbon, helping you plan and price strategically.
Why people book Airbnbs in Lisbon
Lisbon is Portugal's largest and most international Airbnb market, welcoming around 8.5 million visitors in 2024, roughly three-quarters of them from abroad. The United States is the single biggest source of foreign guests, alongside strong flows from the UK, France, Spain, Germany and Brazil, a mix that keeps demand high in English and spread across long-haul and short-haul travellers. Guests come for the historic hilltop quarters, the castle and cathedral, the Belém monuments tied to the Age of Discovery, the tram 28 route, and easy day trips to Sintra and Cascais.
Demand is layered: leisure tourism dominates, but Lisbon also draws a steady business and conference crowd plus a large digital-nomad and remote-worker population that books longer stays. The annual Web Summit (9-12 November 2026 at MEO Arena) brings 70,000+ attendees and fills the city well outside the summer season, making it one of the most reliable revenue spikes of the year for hosts.
When Airbnb demand peaks in Lisbon
Peak demand runs from late spring through early autumn. The API marks September and June as the two strongest months: June is driven by the Festas de Lisboa and Santo António, the city's patron-saint festival peaking on the night of 12 June and the 13 June holiday, with neighbourhood arraiais and the Marchas Populares parade along Avenida da Liberdade. September benefits from warm, dry weather (still 25-28°C) and lighter crowds, often pricing as well as midsummer. Rock in Rio Lisboa, returning in June 2026, adds another demand surge.
The low season is January and December, when cold, wetter weather and the post-holiday lull cut bookings. The Web Summit in mid-November is the key off-season exception, briefly lifting both occupancy and nightly rates across the city. Plan minimum-stay rules and pricing around the June and November events, and expect a softer, value-led market through deep winter.
Best neighbourhoods for short-term rentals in Lisbon
Alfama, Bairro Alto and Baixa form the historic core and command the highest nightly rates, but they are also the most regulated: under Lisbon's 2025 RMAL rules, these saturated parishes are closed to new Alojamento Local registrations. Baixa is the flat, central grid that suits first-time visitors; Alfama is the atmospheric old quarter below the castle; Bairro Alto and Chiado are the nightlife and shopping zones. Existing licensed units here perform strongly but are scarce and expensive to acquire.
Beyond the centre, Príncipe Real, Estrela, Graça, Alcântara and the riverside LX Factory area offer quieter, more residential stays and, in some parishes, room for new registrations where the AL ratio sits below the containment thresholds. Belém suits families drawn to the monuments, while Parque das Nações near MEO Arena and the airport works well for Web Summit and business stays.
Short-term rental rules in Lisbon
Short-term rentals in Lisbon operate under the national Alojamento Local (AL) regime plus the city's own RMAL containment map. Every unit needs an AL registration number, which platforms such as Airbnb and Booking.com must display; from May 2026, EU Regulation 2024/1028 requires platforms to verify these numbers and delist properties without valid licensing.
Lisbon suspended new AL registrations citywide from November 2024 and, under the RMAL adopted in 2025, applies ratio-based containment: parishes at or above a 10% AL density are closed to new registrations (covering 19 central neighbourhoods including Alfama, Bairro Alto and Baixa), with relative containment between 5% and 10%. Processing now runs up to 60 business days, or 90 in containment areas. Hosts must also collect the municipal tourist tax and meet safety and insurance requirements; buying into the centre means acquiring an already-licensed unit rather than registering a new one.
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* Calculations based on 30 days/month. Actual results may vary depending on market, season, property type, and implemented strategy.
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Frequently asked questions about Airbnb occupancy in Lisbon
For the June 2025 to May 2026 period, Lisbon averaged 72% occupancy, the highest among the Portuguese cities tracked here and about a point above the national average of roughly 71%. That equates to around 258 booked nights a year, with seasonality at a moderate 78%, so income stays comparatively steady across the calendar rather than collapsing outside summer.
June and September are the strongest months. June is lifted by the Festas de Lisboa and Santo António (peaking 12-13 June), while September pairs warm, dry weather with lighter crowds and prices as well as midsummer. Mid-November brings the Web Summit, a major off-season spike. January and December are the weakest, so weight pricing and minimum stays toward those event peaks.
Yes. Every unit needs an Alojamento Local (AL) registration number, which Airbnb and Booking.com must display, and from May 2026 platforms must verify it under EU rules. Lisbon froze new registrations in late 2024 and now applies RMAL containment: parishes at 10% or higher AL density are closed to new AL, so central units must be bought already licensed.
Alfama, Baixa and Bairro Alto earn the top nightly rates but are closed to new AL registrations, so existing licensed units there are scarce and pricey. For new registrations look to less saturated parishes such as Graça, Estrela, Príncipe Real or Alcântara. Belém suits families, and Parque das Nações near MEO Arena works well for Web Summit and business guests.