Side-by-side comparison

Brussels vs Ghent: which is better for Airbnb investment?

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

Bottom line

Ghent edges ahead of Brussels on higher occupancy (36% vs 32%), stronger RevPAR (£24 vs £21).

Head-to-head metrics

 BrusselsGhent
Median occupancy32%36%
Median daily rate£77£85
Median RevPAR£21£24
Active listings4,5871,127
YoY occupancy+2.4 pts+9.7 pts
YoY daily rate+1.1%+0%
Regulation risk
Annual night capNoneNone
License requiredNoNo

Full analysis: Brussels vs Ghent

On the money side of this comparison — what a listing actually earns against the nights it has available — Ghent finishes narrowly ahead of Brussels. Ghent turns its rate and occupancy into £24 per available night against £21 in Brussels, a 13.7% edge on the only yield figure that nets the empty nights out. The twelve-month direction favours Ghent too: occupancy there moved +9.7 points while Brussels moved +2.4 points. The margin is thin enough that a single strong year in Brussels would close it, so treat the ordering as a lean rather than a verdict.

Ghent takes both halves of the yield equation, which is less common than it sounds. It charges more per night — £85 against £77 — and still fills more of the year, 36% against 32%. A market that leads on price and utilisation at once is normally one where demand has outrun supply, rather than one where hosts are discounting to keep the calendar busy. RevPAR reflects the double advantage at £24 against £21.

That verdict needs a caveat, because Brussels is not simply the weaker market of the two. Brussels is the deeper market at 4,587 active listings against 1,127, which usually means better comparables going in and a wider buyer pool coming out. Brussels sits at the cheaper end at £77 a night against £85, which lowers the bar for filling shoulder-season dates and usually tracks a lower purchase price too. If your model leans on that dimension, the ordering above can reasonably flip.

Neither Brussels nor Ghent currently has a verified short-term rental regulation record in our register, so the comparison above is a yield comparison only. Regulation is the single largest source of downside in this asset class — an unverified market is an unpriced risk, not an absent one.

The two calendars also behave differently. Brussels peaks in October at 65.2% and bottoms in February at 41.1%; Ghent runs from 65.7% in October down to 39.9% in February. Both swing by a similar amount across the year, so neither offers meaningfully steadier cash flow than the other.

Who each suits, then. Brussels suits buyers who want a conventional, lightly regulated entry. Ghent answers to the same regulatory profile, so the split between them is operational rather than legal. It is also the momentum side of this pair. Every figure above comes from the same Inside Airbnb snapshot pipeline on both sides, dated 2025-09, filtered to listings with at least one booking in the last twelve months. Occupancy medians are drawn from 2,433 active Brussels listings and 579 in Ghent.

Frequently asked questions

Is Brussels or Ghent better for Airbnb investment?
Ghent, on the data we track. It leads on stronger RevPAR (£24 vs £21), the better occupancy trend (+9.7 points vs +2.4 points year over year), and higher occupancy (36% vs 32%). Brussels is not the weak side of this pair, though — it wins on a deeper market (4,587 vs 1,127 active listings).
Which has higher occupancy, Brussels or Ghent?
Ghent, at 36% median occupancy against 32% in Brussels — a gap of 4 points. That is a real but modest edge; a well-run listing in Brussels can close most of it. Over the last twelve months Brussels gained 2.4 points and Ghent gained 9.7 points, so the gap is widening.
Which has higher nightly rates, Brussels or Ghent?
Ghent, at £85 a night against £77 in Brussels — roughly 9.9% more. Revenue per available night agrees rather than contradicts: £24 in Ghent against £21, so the rate premium survives contact with the occupancy figures.
Which has stronger year-over-year growth, Brussels or Ghent?
Ghent, on occupancy: +9.7 points over the last twelve months against +2.4 points in Brussels. Nightly rates rose 1.1% in Brussels and held flat in Ghent over the same window. One year of movement is a direction, not a trend — weigh it against the regulation picture before treating it as momentum.
Which is the bigger Airbnb market, Brussels or Ghent?
Brussels, with 4,587 active listings against 1,127 in Ghent. Size cuts both ways: a deep market gives you comparables, contractors and an exit, while a thinner one means fewer near-identical rivals competing for the same search results.
How much can you earn from an Airbnb in Brussels vs Ghent?
Ghent earns more: roughly £8,775 a year for a median listing against £7,723 in Brussels. Those are gross booking revenues before cleaning, management, platform fees, furnishing amortisation and tax — budget for a meaningful share of them, and note that a median listing is a median operator, not a good one.

Go deeper on each city

Market guide
Airbnb in Brussels
Occupancy, ADR, neighborhoods, regulation
Market guide
Airbnb in Ghent
Occupancy, ADR, neighborhoods, regulation
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