Euskadi vs Mallorca: which is better for Airbnb investment? (2026)

Bottom line

Euskadi edges ahead of Mallorca on higher occupancy (36% vs 30%).

Head-to-head metrics

	Euskadi	Mallorca
Median occupancy	36%	30%
Median daily rate	£108	£205
Median RevPAR	£20	£29
Active listings	5,060	10,400
YoY occupancy	—	—
YoY daily rate	—	—
Regulation risk	—	—
Annual night cap	None	None
License required	No	No

Full analysis: Euskadi vs Mallorca

Euskadi finishes narrowly ahead of Mallorca on our composite of occupancy, revenue per available night and regulation risk — and it is the calendar rather than the price tag doing the work. Euskadi's listings run at 36% occupancy against 30% in Mallorca, worth 6 extra points of booked calendar every year. Euskadi is the less crowded of the two — 5,060 active listings to 10,400 — so a well-run property has fewer near-identical rivals to out-rank. The margin is thin enough that a single strong year in Mallorca would close it, so treat the ordering as a lean rather than a verdict.

The two markets reach their revenue by different routes, which is what makes this pairing worth reading rather than just tabulating. Mallorca is the rate market: £205 a night against £108, some 89.8% more, but it converts fewer of those nights at 30% occupancy. Euskadi is the volume market, filling 36% of its calendar at a lower headline price. Revenue per available night settles it: £29 in Mallorca against £20. Rate is what you advertise; RevPAR is what you bank.

That verdict needs a caveat, because Mallorca is not simply the weaker market of the two. Revenue per available night — rate and occupancy combined, the figure that actually reaches an owner — is 48.1% higher in Mallorca: £29 against £20. Across a full year the median Mallorca listing grosses £10,710 against £7,242 in Euskadi. If your model leans on that dimension, the ordering above can reasonably flip.

Neither Euskadi nor Mallorca 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. Euskadi peaks in August at 61.4% and bottoms in December at 33.9%; Mallorca runs from 51.7% in October down to 33.6% in April. Mallorca is the steadier of the two at 18.1 points peak-to-trough against 27.5 — easier to underwrite against a mortgage — while Euskadi concentrates its return into a shorter window and rewards operators who price the peak aggressively instead of holding a flat rate all year.

Who each suits, then. Euskadi suits buyers who want a conventional, lightly regulated entry and whose economics survive high turnover — more bookings, more cleans, more guest contact per pound of revenue. Mallorca answers to the same regulatory profile, so the split between them is operational rather than legal: it is the market for an owner who can hold rate through the shoulder season rather than discounting to fill the calendar. 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 3,306 active Euskadi listings and 7,915 in Mallorca.

Frequently asked questions

Is Euskadi or Mallorca better for Airbnb investment?

Euskadi, on the data we track. It leads on higher occupancy (36% vs 30%), a thinner competitive field (5,060 vs 10,400 active listings), and a lower price point (£108 a night vs £205). Mallorca is not the weak side of this pair, though — it wins on stronger RevPAR (£29 vs £20).

Which has higher occupancy, Euskadi or Mallorca?

Euskadi, at 36% median occupancy against 30% in Mallorca — a gap of 6 points. That is a real but modest edge; a well-run listing in Mallorca can close most of it.

Which has higher nightly rates, Euskadi or Mallorca?

Mallorca, at £205 a night against £108 in Euskadi — roughly 89.8% more. Revenue per available night agrees rather than contradicts: £29 in Mallorca against £20, so the rate premium survives contact with the occupancy figures.

Which is the bigger Airbnb market, Euskadi or Mallorca?

Mallorca, with 10,400 active listings against 5,060 in Euskadi. 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 Euskadi vs Mallorca?

Mallorca earns more: roughly £10,710 a year for a median listing against £7,242 in Euskadi. 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.

What is the best time of year to rent out an Airbnb in Euskadi or Mallorca?

Euskadi peaks in August at 61.4% occupancy and troughs in December at 33.9%; Mallorca peaks in October at 51.7% and troughs in April at 33.6%. Because the peaks fall in different months, the two markets are partly complementary — a portfolio holding one of each has a flatter combined calendar than either alone.

Go deeper on each city

Market guide

Airbnb in Euskadi →

Occupancy, ADR, neighborhoods, regulation

Market guide

Airbnb in Mallorca →

Occupancy, ADR, neighborhoods, regulation

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