Side-by-side comparison

Menorca vs Valencia: 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

Valencia edges ahead of Menorca on higher occupancy (36.2% vs 11.5%), stronger RevPAR (£37 vs £20).

Head-to-head metrics

 MenorcaValencia
Median occupancy11.5%36.2%
Median daily rate£152£116
Median RevPAR£20£37
Active listings2,8756,467
YoY occupancy+0 pts+11.5 pts
YoY daily rate+28.3%+33.5%
Regulation risk——
Annual night capNoneNone
License requiredNoNo

Full analysis: Menorca vs Valencia

On the money side of this comparison — what a listing actually earns against the nights it has available — Valencia finishes decisively ahead of Menorca. Revenue per available night — rate and occupancy combined, the figure that actually reaches an owner — is 83.6% higher in Valencia: £37 against £20. Valencia sells 24.7 more points of its calendar — 36.2% median occupancy against 11.5% in Menorca. That is not a rounding difference, and it compounds over a hold period.

The two markets reach their revenue by different routes, which is what makes this pairing worth reading rather than just tabulating. Menorca is the rate market: £152 a night against £116, some 30.9% more, but it converts fewer of those nights at 11.5% occupancy. Valencia is the volume market, filling 36.2% of its calendar at a lower headline price. Revenue per available night settles it: £37 in Valencia against £20. Rate is what you advertise; RevPAR is what you bank.

That verdict needs a caveat, because Menorca is not simply the weaker market of the two. Menorca commands 30.9% more per night, £152 against £116. Menorca's calendar is the flatter of the two — 16.9 points between its best and worst month against 25.4 in Valencia — which makes debt service easier to underwrite. If your model leans on nightly rate rather than volume, the ordering above can reasonably flip.

Neither Menorca nor Valencia 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. Menorca peaks in January at 67.5% and bottoms in October at 50.6%; Valencia runs from 62.2% in September down to 36.8% in December. Menorca is the steadier of the two at 16.9 points peak-to-trough against 25.4 — easier to underwrite against a mortgage — while Valencia 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. Menorca suits buyers who want a conventional, lightly regulated entry and who can hold rate through the shoulder season rather than discounting to fill the calendar. Valencia answers to the same regulatory profile, so the split between them is operational rather than legal: it is the market for an owner 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. 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 2,875 active Menorca listings and 6,467 in Valencia.

Frequently asked questions

Is Menorca or Valencia better for Airbnb investment?
Valencia, on the data we track. It leads on stronger RevPAR (£37 vs £20), higher occupancy (36.2% vs 11.5%), and the better occupancy trend (+11.5 points vs +0 points year over year). Menorca is not the weak side of this pair, though — it wins on a higher nightly rate (£152 vs £116).
Which has higher occupancy, Menorca or Valencia?
Valencia, at 36.2% median occupancy against 11.5% in Menorca — a gap of 24.7 points. That is a wide spread by short-term rental standards and usually reflects a structural demand difference rather than better hosting. Over the last twelve months Menorca was flat and Valencia gained 11.5 points, so the gap is widening.
Which has higher nightly rates, Menorca or Valencia?
Menorca, at £152 a night against £116 in Valencia — roughly 30.9% more. The nightly rate is not the whole story, though. On revenue per available night — rate multiplied by how often the room actually sells — Valencia comes out ahead at £37 against £20, so Valencia's cheaper nights are more than repaid by how often they fill.
Which has stronger year-over-year growth, Menorca or Valencia?
Valencia, on occupancy: +11.5 points over the last twelve months against +0 points in Menorca. Nightly rates rose 28.3% in Menorca and rose 33.5% in Valencia 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, Menorca or Valencia?
Valencia, with 6,467 active listings against 2,875 in Menorca. 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 Menorca vs Valencia?
Valencia earns more: roughly £13,546 a year for a median listing against £7,390 in Menorca. 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 Menorca →
Occupancy, ADR, neighborhoods, regulation
Market guide
Airbnb in Valencia →
Occupancy, ADR, neighborhoods, regulation
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