Menorca edges ahead of Girona on higher occupancy (30% vs 24%), stronger RevPAR (£16 vs £11).
Head-to-head metrics
| Girona | Menorca | |
|---|---|---|
| Median occupancy | 24% | 30% |
| Median daily rate | £105 | £118 |
| Median RevPAR | £11 | £16 |
| Active listings | 13,313 | 2,804 |
| YoY occupancy | — | +16.8 pts |
| YoY daily rate | — | +10.3% |
| Regulation risk | — | — |
| Annual night cap | None | None |
| License required | No | No |
Full analysis: Girona vs Menorca
On the money side of this comparison — what a listing actually earns against the nights it has available — Menorca finishes clearly ahead of Girona. Revenue per available night — rate and occupancy combined, the figure that actually reaches an owner — is 39.7% higher in Menorca: £16 against £11. Menorca's listings run at 30% occupancy against 24% in Girona, worth 6 extra points of booked calendar every year. Those gaps are wide enough to survive a normal year's variance.
Menorca takes both halves of the yield equation, which is less common than it sounds. It charges more per night — £118 against £105 — and still fills more of the year, 30% against 24%. 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 £16 against £11.
That verdict needs a caveat, because Girona is not simply the weaker market of the two. Girona is the deeper market at 13,313 active listings against 2,804, which usually means better comparables going in and a wider buyer pool coming out. Girona's calendar is the flatter of the two — 13 points between its best and worst month against 18.5 in Menorca — which makes debt service easier to underwrite. If your model leans on that dimension, the ordering above can reasonably flip.
Neither Girona nor Menorca 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. Girona peaks in December at 53.3% and bottoms in May at 40.3%; Menorca runs from 65.9% in January down to 47.4% in May. Girona is the steadier of the two at 13 points peak-to-trough against 18.5 — easier to underwrite against a mortgage — while Menorca 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. Girona suits buyers who want a conventional, lightly regulated entry. Menorca 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. Occupancy medians are drawn from 11,424 active Girona listings and 2,310 in Menorca.
Frequently asked questions
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