Side-by-side comparison

Barcelona vs Palma: which is better for Airbnb investment?

We compare the Spain short-term rental markets across occupancy, daily rate, RevPAR, year-over-year trend, and regulation.

Bottom line

Barcelona comes out slightly ahead on the composite of yield + regulation risk.

Head-to-head metrics

 BarcelonaPalma
Median occupancy48%
Median daily rate£104
Median RevPAR£33
Active listings10,051
YoY occupancy
YoY daily rate
Regulation riskbannedbanned
Annual night capNoneNone
License requiredYesYes

Full analysis: Barcelona vs Palma

Scored on median occupancy, revenue per available night and regulation risk together, Barcelona finishes decisively ahead of Palma. Its strongest submarket, Diagonal Mar i el Front Marítim del Poblenou, clears £53 RevPAR on its own — city medians hide that kind of spread. That is not a rounding difference, and it compounds over a hold period.

A full rate-versus-occupancy read is not available for this pairing. Barcelona runs £104 a night at 48% occupancy, but the source snapshot for Palma ships without enough priced listings to publish a comparable median. We would rather leave that comparison blank than assert one built on a handful of listings.

That verdict needs a caveat, because Palma is not simply the weaker market of the two.

Regulation does not separate these two at all. Both land on banned risk, and the rulebooks behind that rating are clause-for-clause the same: each applies no annual night cap, requires a licence, and treats letting as a change of use needing planning permission. That is genuinely useful to know, because it means the comparison collapses onto the yield figures above — there is no compliance trade-off quietly offsetting them, and no reason to prefer one on regulatory grounds.

Who each suits, then. Barcelona suits buyers who already hold compliant, grandfathered stock — not new entrants. Palma answers to the same regulatory profile, so the split between them is operational rather than legal. Every figure above comes from the same Inside Airbnb snapshot pipeline on both sides, filtered to listings with at least one booking in the last twelve months.

Frequently asked questions

Is Barcelona or Palma better for Airbnb investment?
Barcelona, on the data we track. It leads on a standout submarket in Diagonal Mar i el Front Marítim del Poblenou.
Is Barcelona or Palma riskier for Airbnb regulation?
Neither — they are equally exposed. Both are rated banned risk and the rules are the same on each side: each applies no annual night cap, requires a licence, and treats letting as a change of use needing planning permission. Pick between them on yield, not on regulation.
Which is cheaper to get licensed in, Barcelona or Palma?
Both cities require a short-term rental licence, and we do not hold a verified fee for Barcelona, so we will not put a number on the cheaper of the two.

Go deeper on each city

Market guide
Airbnb in Barcelona
Occupancy, ADR, neighborhoods, regulation
Market guide
Airbnb in Palma
Occupancy, ADR, neighborhoods, regulation
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Barcelona vs Palma: which is better for Airbnb investment? (2026)