Bali Short-Term Rental Market 2024–2025 | BDA Analytics
Analytical report  ·  2024–2025

Rental market
Bali
2024–2025

A complete analytical overview of short-term rentals across Bukit, Canggu and Ubud — key metrics, trends and investment takeaways.

$463M
↑ +28%
Market turnover 2025
11,677
↑ +33%
Active listings
+25%
demand growth
Actual bookings
3
districts
Under detailed analysis

The market has entered
a mature phase

Bali remains one of the largest tourist markets in Southeast Asia. A steady flow of guests from Australia, Europe, the USA and across Asia sustains resilient demand for short-term rentals.

The report's key signal: supply is growing faster than turnover (+33% vs +28%). Expectations for property quality are rising — success is increasingly defined by concept and management.

$463M
↑ +28%
Market turnover 2025
11,677
↑ +33%
Listings 2025
$361M
2024
Market turnover 2024
8,768
2024
Listings 2024
Supply and market turnover trends
2024 vs 2025 — supply growth outpaces revenue growth
Listings 2024
8,768
Listings 2025
11,677
Turnover 2024
$361M
Turnover 2025
$463M
2024
2025

Geographic distribution

62% of all supply is concentrated in three key districts — Bukit, Canggu and Ubud.

Listings distribution by district, 2025
11,677 active properties in total
11,677
listings
Bukit
3,461
29.6%
Canggu
2,118
18.1%
Ubud
1,654
14.2%
Other
4,444
38.1%

Bali's three growth hotspots

01
Growth leader
Bukit
Cliffs, surf beaches, beach clubs. The main driver of market growth in 2024–2025. Intense developer construction.
Listings 2025 3,461 +43.3%
Occupancy 2025 58.9%
Turnover 2025 $88.5M +39%
02
Stable market
Canggu
Lifestyle infrastructure, a well-developed expat community. The most resilient occupancy of the three districts.
Listings 2025 2,118 +24.7%
Occupancy 2025 65.1% ★
Turnover 2025 $62.9M +19%
03
Niche / Wellness
Ubud
Jungle, rice terraces, wellness retreats. Strong growth in large villas for group trips and retreats.
Listings 2025 1,654 +37.5%
Occupancy 2025 63.5%
Turnover 2025 (6BR+) $34.6M +51.7%

Bukit

The most pronounced growth in the current cycle. Bukit is the main hub of investment activity. Turnover +38.95% against supply growth of +43.3%.

3,461
Listings (+43.3%)
58.9%
Occupancy 2025
$88.5M
Turnover (+38.95%)
2,039
Occupied properties
−5.2
occupancy p.p.
+31.6%
Occupied properties
Supply trends by property type — Bukit
Listing growth 2024 → 2025 by number of bedrooms
Type
Supply growth
2025
2024
Δ
1BR
919
574
+60.1%
2BR
1,174
779
+50.7%
3BR
821
604
+35.9%
4BR
316
260
+21.5%
5BR
109
91
+19.8%
6BR+
122
108
+13.0%
Occupancy by segment — Bukit
Occupancy % · 2024 (light) vs 2025 (accent)
1BR
74.0%
70.0%
2BR
72.8%
67.9%
3BR
68.5%
60.8%
4BR
61.5%
57.2%
2024
2025
Turnover by segment — Bukit ($M)
2025. Leaders: 2BR and 3BR
1BR
$16.7M
2BR
$24.2M
3BR
$22.3M
4BR
$12.5M
5BR
$5.9M
6BR+
$6.9M

Canggu

A mature and resilient market. The best occupancy retention among the three districts — a decline of just 3.7 p.p. against supply growth of 24.7%.

65.1%
Average occupancy in 2025 — the best result among Bali's key districts
2,118
Listings (+24.7%)
65.1%
Occupancy 2025
$62.9M
Turnover (+18.96%)
1,380
Occupied properties
−3.7
occupancy p.p. (min.)
+17.9%
Occupied properties
Supply trends — Canggu
Listings 2024 → 2025 by type
Type
Growth
2025
2024
Δ
1BR
409
328
+24.7%
2BR
597
456
+30.9%
3BR
682
539
+26.5%
4BR
233
204
+14.2%
5BR
92
78
+17.9%
6BR+
105
94
+11.7%
Occupancy 2025 — Canggu
Occupancy % by segment · slightly above the overall market
1BR
69.2%
2BR
71.3%
3BR
68.8%
4BR
63.1%
5BR
61.5%
6BR+
56.8%

Ubud

A niche market with a pronounced specialization in wellness tourism and cultural retreats. Especially strong momentum — the 6+ bedroom segment grew 51.75% in turnover.

Ubud is sensitive to mass-market supply, but it shows exceptional momentum in niche formats — large villas for retreats and group trips.

1,654
Listings (+37.5%)
63.5%
Occupancy 2025
$34.6M
Turnover (+21.08%)
1,050
Occupied properties
+51.7%
Turnover 6BR+
+23.3%
Occupied properties
Turnover by segment — Ubud ($M) · with a focus on 6BR+
2024 → 2025 · The 6BR+ segment shows exceptional growth
Type
Turnover 2025
2025
2024
Δ
1BR
$7.2M
$6.1M
+18.1%
2BR
$9.0M
$8.0M
+12.0%
3BR
$7.2M
$5.7M
+26.3%
4BR
$4.4M
$3.7M
+16.8%
5BR
$3.1M
$2.5M
+22.7%
6BR+ ★
$3.6M
$2.4M
+51.7%
Occupancy by segment — Ubud
Occupancy % 2025 · the largest decline among districts (−7.3 p.p. on average)
1BR
66.8%
2BR
65.5%
3BR
63.3%
4BR
61.2%
5BR
65.2%
6BR+
58.6%

Three districts:
key metrics

A summary comparison of 2025 vs 2024 trends

Bukit
$88.5M
↑ +38.95%
2024: $63.7M
★ Turnover leader
Canggu
$62.9M
↑ +18.96%
2024: $52.8M
Ubud
$34.6M
↑ +21.08%
2024: $28.6M
Supply growth vs Occupancy change vs Turnover growth
The three districts' key metrics side by side
Bukit
Supply
+43.3%
Occupancy
−5.2 p.p.
Turnover
+38.9%
Canggu
Supply
+24.7%
Occupancy
−3.7 p.p. ★
Turnover
+19.0%
Ubud
Supply
+37.5%
Occupancy
−7.3 p.p.
Turnover
+21.1%
MetricBukitCangguUbud
Listings 20253,4612,1181,654
Supply growth↑ +43.3%↑ +24.7%↑ +37.5%
Occupancy 202558.9%65.1% ★63.5%
Occupancy change↓ −5.2 p.p.↓ −3.7 p.p. ★↓ −7.3 p.p.
Occupied properties 20252,0391,3801,050
Occupied-property growth↑ +31.6%↑ +17.9%↑ +23.3%
Turnover 2025$88.5M ★$62.9M$34.6M
Turnover growth↑ +38.95% ★↑ +18.96%↑ +21.08%
ProfileActive growthMature, stableNiche / wellness

The market is becoming
more demanding

When listing counts grow by more than 30% in a single year, it means one thing: simply owning a property in a popular location is no longer enough.

Key success factors in 2025
  • Property quality and architectural concept
  • Visual appeal and photogenic quality
  • Professional operational management
  • Flexible pricing and dynamic rates
  • Alignment with the target audience's expectations
Outdated design
Weak
results
in competitive segments
Concept-driven property
High
performance
resilient occupancy
Market professionalization
Rising competition forces management companies to operate more flexibly — with closer attention to pricing and service quality. The market as a whole is becoming more mature and predictable for investors.

5 takeaways for investors

01
Sustained growth amid rising competition
Turnover growth of 28% confirms the island's strong investment appeal, yet supply growth of 33% intensifies competitive pressure.
02
A shift in focus toward quality
The era of entering the market without a clearly defined concept is over. Yield is driven by a unique idea, quality architecture and professional management.
03
Each district has its own character
Bukit is a zone of active growth, Canggu a zone of stability, Ubud a zone of niche projects. Strategy must account for the character of each location.
04
A positive demand outlook
Actual bookings growing by more than 25% show that Bali's tourism potential remains intact and continues to support market expansion.
05
Market maturity
The current occupancy correction is a natural stage of market development and a sign of a shift toward a healthier, more predictable operating model.
The core investment thesis
The Bali market remains strong, but it no longer forgives a weak product. Only properties that meet audience expectations, sit in the right location and are professionally managed come out ahead.
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