Is it profitable to do Airbnb in Lagos, Portugal?
What is the occupancy rate of Airbnb in Lagos, Portugal?
What is the average daily rate of Airbnb in Lagos, Portugal?
Portugal / Lagos
Lagos, Airbnb Market Statistics & Data, Portugal
A typical short-term rental listing in Lagos is booked for 270 nights a year, with a median occupancy rate of 74% and an average daily rate of €112. In 2023, a typical host income (annual revenue) was €29K. As of 12th September, 2024, there are 2,761 active Airbnb listings.
Average Revenue: €29K/yr
Occupancy Rate
74%
Avg Daily Rate
€112
Mid Scale
No. of Listings
3,165
Medium
YoY Revenue Change
-5.75%
Best Month
August
** Period: 2023 Aug - 2024 July | Last Updated on: 12th September, 2024
Revenue By Month
2023-08 - 2024-07
Low
€1,310
Average
€2,273
High
€3,130
Is Airbnb Profitable in Lagos?
Yes, there is good short-term rental demand. A 74% median occupancy rate is considered a good market for Airbnb. The graph below shows the average monthly host income by month.
Tip! investing in a short-term rental can be highly stable and profitable. It’s stable because housing has been one of the most stable asset classes. Also, when you can’t do an Airbnb anymore, you can still rent it out to a long-term tenant with a lower yield. It is highly profitable because the monthly cash flow from short-term rental investment typically is double the amount of traditional rentals.
Starting an Airbnb in Lagos
Short-term rental regulation is lenient in Lagos. Very few Airbnb listing currently have put their license number on their Airbnb listing. This likely means the local government is not strictly enforcing the short-term rental-related regulations.
Average Airbnb Occupancy Rate in Lagos
A typical listing recorded a 74% average occupancy rate between 2023-08 - 2024-07. In this graph, you can see the occupancy rate distribution. About 92.89% of the guests are international guests, and visitors from United kingdom is the largest group. Learn more about guest origin!.
You can find the distribution graph of daily rate and revenue in our market dashboard.
You can find the distribution graph of daily rate and revenue in our market dashboard.
Occupancy Rate: 74%
2,761 Active Listings
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Explore Lagos's Airbnb Data ⟶
Best Areas in Lagos for Airbnb
Are you wondering where to invest in Lagos? Look no further!
Top demand Airbnb in Lagos
Airbtics has been tracking all Airbnb listings since 2019. This allows us to understand interesting metrics, like which properties earn the most in the market. Here are our top picks. Go to the app to find detailed information about 2,761 listings.
See 2,761 listing Statistics
Professional Short-term rental property managers in Lagos
We've compiled a list of host profiles that manage the most Airbnb properties in Lagos. The dashboard shows their average occupancy rate, revenue, and year-over-year changes.
Other short-term rental market data in Lagos
Here is a breakdown of short-let properties in Lagos. You might wonder about more specific data before buying an Airbnb property. For example, how much can an average listing with 4 bedrooms and a pool make? Or, what is the seasonality in booking? When is the peak month? Click the below button and check out more in-depth vacation rental data for free.
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