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

Bottom line

Euskadi edges ahead of Mallorca on higher occupancy (19.7% vs 11.5%).

Head-to-head metrics

	Euskadi	Mallorca
Median occupancy	19.7%	11.5%
Median daily rate	£136	£247
Median RevPAR	£29	£39
Active listings	5,093	10,469
YoY occupancy	+3.3 pts	+0 pts
YoY daily rate	+26%	+20.7%
Regulation risk	—	—
Annual night cap	None	None
License required	No	No

Full analysis: Euskadi vs Mallorca

Euskadi finishes clearly 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 19.7% occupancy against 11.5% in Mallorca, worth 8.2 extra points of booked calendar every year. The twelve-month direction favours Euskadi too: occupancy there moved +3.3 points while Mallorca moved +0 points. Those gaps are wide enough to survive a normal year's variance.

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: £247 a night against £136, some 81.8% more, but it converts fewer of those nights at 11.5% occupancy. Euskadi is the volume market, filling 19.7% of its calendar at a lower headline price. Revenue per available night settles it: £39 in Mallorca against £29. 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 33.5% higher in Mallorca: £39 against £29. Across a full year the median Mallorca listing grosses £14,076 against £10,552 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 September at 57.2% and bottoms in December at 33.4%; Mallorca runs from 54.1% in October down to 36.3% in April. Mallorca is the steadier of the two at 17.8 points peak-to-trough against 23.8 — 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. It is also the momentum side of this pair. 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 2026-09, filtered to listings with at least one booking in the last twelve months. Occupancy medians are drawn from 5,093 active Euskadi listings and 10,469 in Mallorca.

Frequently asked questions

Is Euskadi or Mallorca better for Airbnb investment?

Euskadi, on the data we track. It leads on higher occupancy (19.7% vs 11.5%), the better occupancy trend (+3.3 points vs +0 points year over year), and a thinner competitive field (5,093 vs 10,469 active listings). Mallorca is not the weak side of this pair, though — it wins on stronger RevPAR (£39 vs £29).

Which has higher occupancy, Euskadi or Mallorca?

Euskadi, at 19.7% median occupancy against 11.5% in Mallorca — a gap of 8.2 points. That is a real but modest edge; a well-run listing in Mallorca can close most of it. Over the last twelve months Euskadi gained 3.3 points and Mallorca was flat, so the gap is widening.

Which has higher nightly rates, Euskadi or Mallorca?

Mallorca, at £247 a night against £136 in Euskadi — roughly 81.8% more. Revenue per available night agrees rather than contradicts: £39 in Mallorca against £29, so the rate premium survives contact with the occupancy figures.

Which has stronger year-over-year growth, Euskadi or Mallorca?

Euskadi, on occupancy: +3.3 points over the last twelve months against +0 points in Mallorca. Nightly rates rose 26% in Euskadi and rose 20.7% in Mallorca 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, Euskadi or Mallorca?

Mallorca, with 10,469 active listings against 5,093 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 £14,076 a year for a median listing against £10,552 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.

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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