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Head to head

Gstaad vs Courchevel: what does a villa really earn?

Two markets owners weigh against each other constantly, and nobody publishes the numbers side by side. Here they are. Every figure below is built on nights actually sold, never on an occupancy percentage, and every figure is shown in euros on both sides so the comparison means something.

What we measure Gstaad Courchevel
Nightly rate, high season €2,200 €2,500
Nightly rate, low season €520 €550
Nights sold, high season 38 40
Nights sold, low season 22 20
Total nights sold per year 60 60
Gross annual income €95,000 €111,000
What an agency takes 35% 35%
Net, self-managed on a platform €80,300 €93,800
Net, through an agency €61,800 €72,200

All figures on this page are shown in euros, on both sides, so the two columns can be compared. The individual market pages show local currency.

The verdict, in one line

Courchevel grosses about 17% more than Gstaad: roughly €111,000 against €95,000 for the same 4-bedroom villa, professionally marketed. That gap is real, but it is only half of the calculation. The other half is what the property cost you, and this page cannot know that.

The two markets do not earn their money the same way

Gstaad sells 38 nights at €2,200 and 22 outside the peak. Courchevel sells 40 at €2,500 and 20 outside it. Gstaad is the fragile one. A year that rests on 60 sold nights has no margin for error: lose the two or three weeks everyone wants and the year is gone, and no amount of clever pricing in the shoulder season will bring it back. A market that sells many nights at a moderate rate is a structurally different asset, even when the annual total lands in the same place.

Why we refuse to give you an occupancy percentage

Because it is the most misleading number in this business, and it is the one every other site quotes. An occupancy rate of 50% sounds moderate. Multiply it by 365 and you have implied 182 nights sold. A seasonal villa does not sell 182 nights. It sells the weeks people want and stands empty the rest of the year, and nobody is even trying to rent it in November. The occupancy model overstates seasonal markets by roughly a factor of two. We count nights actually sold, and nothing else.

The number that actually changes the answer

An agency in either market takes about 35% of what the guest pays, before a single bill is settled. Manage the villa yourself on a platform and you lose about 15.5%. On these numbers that is €80,300 net in Gstaad and €93,800 net in Courchevel, self-managed. The fees also stack: an agency that then lists your villa on a platform hands the platform its cut too, and total commissions above 40% are common.

€95,000
Gstaad · gross per year
€111,000
Courchevel · gross per year
€61,800 – €72,200
Net, through an agency
If the agency also lists on a platform, the platform fee is deducted as well. Total commissions of 40% and above are common in this segment.

What we know here, and what we are still estimating

Both benchmarks on this page are our estimates, built from comparable markets and public rate data. They are not yet confirmed by an operator who set the prices and paid the staff in Gstaad or Courchevel. We label them that way rather than pretend to a certainty we do not have. If you own in either market and tell us what you actually earned, this page gets better and you get to see where you truly sit.

These figures are our benchmark, built from regional data. They have not yet been confirmed by an operator on the ground in this market, and we say so rather than pretend to a certainty we do not have.

Which of the two is your villa in?

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Questions owners ask about these two markets

Does a luxury villa earn more in Gstaad or in Courchevel?

Courchevel, by about 17%. Roughly €95,000 a year in Gstaad against €111,000 in Courchevel, for the same well-maintained 4-bedroom villa, professionally marketed. That is gross. What reaches your account depends on whether you self-manage or hand it to an agency, and the gap between those two outcomes is larger than the gap between these two markets.

How many nights a year does a villa actually rent in Gstaad and Courchevel?

About 60 in Gstaad and 60 in Courchevel, on our benchmark. Nights sold, not occupancy. We never quote an occupancy percentage because multiplying one by 365 flatters a seasonal market by roughly a factor of two: the villa is not on the market for most of the year, and nobody is trying to sell it in November.

Is Gstaad or Courchevel the better investment?

This page cannot tell you, and anyone who claims it can is selling you something. Rental income is one half of a yield. The purchase price is the other half, and it varies more between two streets than it does between two countries. A high gross on a very expensive property is frequently a worse investment than a modest gross on a cheap one. Get both numbers before you decide.

What does an agency take in Gstaad compared to Courchevel?

About 35% in Gstaad and about 35% in Courchevel, of everything the guest pays, before a single bill is settled. Self-managing on a platform costs about 15.5%. Nobody publishes these figures because every party in the chain benefits from the owner not knowing them. Our team has worked both sides of that trade, which is how we know.

Read the full benchmark for each market

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Estimates are based on destination benchmarks and property attributes, not on a formal appraisal. Amounts are shown in local currency using approximate conversion rates. Actual results depend on marketing, pricing strategy and seasonality. Last updated 14/07/2026.

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