Curious about the performance of short-term rentals in Ho Chi Minh City, Vietnam? Over the last year, the average occupancy rate was 57% with an ADR (Average Daily Rate) of 41€. Hosts earned on average 672€ per month.

90-day occupancy forecast for Ho Chi Minh City so you can update rates and stay ahead of competitors.
Key metrics to optimize your pricing strategy
Avg. Monthly Revenue
672€
$612 USD
YoY Revenue Change
-5%
vs. previous year
Occupancy Rate
57%
~17 days/month
Average Daily Rate
41€
$37 USD
Seasonality Index
40%
demand variation
Best Months
March, January
peak season
Worst Months
September, May
low season
Our AI-powered platform automatically optimizes your rates. Maximize your revenue with intelligent dynamic pricing.
Over the June 2025–May 2026 analysis period, Ho Chi Minh City posts 56% average occupancy and a 41€ ($37) ADR, both ahead of the two-city Vietnam averages of roughly 50.5% occupancy and 36.5€ ADR, ranking it the country's top tracked market on both measures. Average monthly revenue lands at 673€ ($612), well clear of the national picture, on about 203 booked nights a year.
The numbers describe a busy, value-priced market: occupancy is the real driver, not rate. A 40% seasonality index is comparatively mild, confirming demand that holds through the wet season rather than collapsing. The one caution is a -6% revenue change year on year, a modest softening, but gentler than Hanoi's -12%, so the city is holding up better than its northern counterpart.
Average occupancy rate by month in Ho Chi Minh City, compared with the same month a year earlier.
| Month | Occupancy | Prior year |
|---|---|---|
| Jul 2025 | 53.9% | 55.3% |
| Aug 2025 | 53.2% | 55.4% |
| Sep 2025 | 53.9% | 54.6% |
| Oct 2025 | 55.8% | 55.3% |
| Nov 2025 | 64% | 60.7% |
| Dec 2025 | 69.3% | 66.6% |
| Jan 2026 | 63.8% | 56.5% |
| Feb 2026 | 58.5% | 60.3% |
| Mar 2026 | 66.9% | 61% |
| Apr 2026 | 54.9% | 54.9% |
| May 2026 | 52.6% | 44.1% |
| Jun 2026 | 55.8% | 54.1% |
📌 Historical trends reveal seasonal highs – plan accordingly.
These figures reflect real-time demand in Ho Chi Minh City, helping you plan and price strategically.
Ho Chi Minh City (still widely called Saigon) is Vietnam's commercial engine and its busiest international gateway via Tan Son Nhat Airport, which keeps short-stay demand running well beyond a single holiday season. Airbnb guests here split between leisure travellers using the city as a base for the Mekong Delta and Cu Chi Tunnels, and a steady stream of business visitors, conference attendees and digital nomads drawn by the District 1 financial core and the Thao Dien expat enclave.
That dual demand base is why supply skews toward serviced studios and one-bedrooms in high-rise condominiums rather than whole houses. Backpacker turnover around Bui Vien, week-long corporate stays and longer expat relocations all feed the same listings, so occupancy stays comparatively firm year-round while nightly rates remain modest by regional standards, a high-volume, low-ADR market rather than a luxury one.
The clear peak runs from December through March, riding Ho Chi Minh City's dry season (November to April), when rain is rare and temperatures sit in the pleasant 21–35°C band. ListingOK's data marks March and January as the strongest months, with the Lunar New Year (Tet) falling on 17 February 2026, a window when flower markets, dragon dances and fireworks pull in domestic and overseas Vietnamese travellers and operators routinely lift rates 20% or more.
The soft stretch is the May-to-October monsoon, when daily afternoon downpours thin leisure arrivals; September is the weakest month in the data, with May also dipping. Because the city's business and expat demand never fully disappears, the swing is gentler than in beach destinations, a relatively flat seasonality profile that lets owners hold occupancy through the wet months at trimmed rates.
District 1 is the heart of short-stay demand: the financial and tourist core holding Ben Thanh Market, Dong Khoi shopping, the Opera House and Notre-Dame Cathedral. Within it, the Pham Ngu Lao–Bui Vien backpacker quarter drives high-turnover, budget bookings, while the rest of District 1 commands the city's top nightly rates from business and first-time leisure guests who want to walk to everything.
Across the river, Thao Dien (in the former District 2) is the leafy expat enclave of villas, riverside dining and international schools, ideal for longer corporate and relocation stays at higher ADRs. District 3 offers a quieter, more residential alternative beside District 1, and District 5 (Cho Lon, the Chinatown) suits guests after authentic markets and lower prices. Binh Thanh, near the Landmark 81 tower, adds modern high-rise condo inventory popular with nomads.
Short-term apartment rentals in Ho Chi Minh City sit in a recently tightened legal frame. After a 2025 ban on Airbnb-style lets in residential buildings, the city issued Decision 19/2026/QĐ-UBND, in force from 25 April 2026, which re-allows them under conditions: operators must register as licensed accommodation providers, comply with Vietnam's tourism law, meet tax obligations, register guests for temporary residence, and follow each building's management rules.
Crucially, the rules tie permitted use to a unit's intended function, favouring mixed-use tourism developments (condotels) over ordinary residential apartments, where building committees can still object. In reality almost no existing listings hold a formal licence and enforcement is still bedding in, so anyone operating here should verify their specific building's status, secure registration, and budget for tax compliance rather than assume the grey-market status quo will persist.
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* Calculations based on 30 days/month. Actual results may vary depending on market, season, property type, and implemented strategy.
ListingOK's data for June 2025 to May 2026 puts Ho Chi Minh City at 56% average occupancy, roughly five points above the Vietnam average and the highest of the country's tracked markets. That works out to about 203 booked nights a year, helped by the city's mix of leisure, business and long-stay expat demand that holds up through the rainy months.
The strongest window is the December-to-March dry season, with March and January the peak months in the data. Tet (Lunar New Year, 17 February 2026) is the highest-demand event, when rates commonly rise 20% or more. The May-to-October monsoon is softer (September is the weakest month) so plan discounts and longer stays then.
Yes. Under Decision 19/2026/QĐ-UBND, effective 25 April 2026, short-term apartment rentals are permitted only when the operator registers as a licensed accommodation provider, meets tax and temporary-residence obligations, and the unit's intended use allows it, in practice favouring mixed-use condotel developments. Enforcement is still developing, but compliance is now formally required.
District 1 is the prime choice, combining the highest nightly rates with the strongest tourist demand around Ben Thanh and Dong Khoi; the Bui Vien backpacker strip drives budget volume. Thao Dien suits higher-ADR, longer corporate and expat stays, while District 3 and Binh Thanh (near Landmark 81) offer quieter, more affordable modern inventory.