Short-term rentals are booming in Nigeria thanks to travel demand, remote work, and rising hotel costs. If you’re considering becoming an Airbnb or short-let host, knowing where to invest is key.
Here are the top five Nigerian cities for short-term rental returns in 2025.
1. Lagos — Lekki and Victoria Island Lead
• Average nightly rate: ₦50,000–₦80,000
• Occupancy rate: 75%
• Why: High demand from business travelers, weddings, and weekend getaways.
Example: A Lekki host earns ₦1.4M monthly from a two-bedroom short-let booked 28 nights a month.
2. Abuja — Maitama and Wuse Are Goldmines
• Average nightly rate: ₦45,000–₦70,000
• Occupancy rate: 70%
• Why: Government events, conferences, and expat demand.
Example: An investor in Wuse bought a ₦45M duplex and made ₦20M in bookings within the first year.
3. Port Harcourt — Oil City Demand
• Average nightly rate: ₦40,000–₦65,000
• Occupancy rate: 68%
• Why: Corporate stays from oil companies and contractors.
4. Enugu — The Southeast Tourism Hub
• Average nightly rate: ₦30,000–₦50,000
• Occupancy rate: 65%
• Why: Rising demand during festivals, weddings, and homecoming events.
5. Ibadan — Affordable and Growing
• Average nightly rate: ₦25,000–₦40,000
• Occupancy rate: 60%
• Why: Increasing interest from conference-goers and regional business visitors.
Tips for Hosts in 2025
• Focus on interiors — listings with stylish décor earn 20% more.
• Offer discounts for week-long stays to improve occupancy.
• Use professional photos — they increase bookings by up to 35%.
• List on multiple platforms, not just Airbnb.
Bottom Line for Investors
Short-term rentals in Nigeria remain a strong cash-flow strategy in 2025. Target cities with consistent demand, keep your property well-maintained, and price competitively for your market.
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