Ibadan
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Annual revenue (actual)
₦5.6m
12 mo avg
↑9%
from prior 12 mo
Occupancy rate
18%
12 mo avg
↓4%
from prior 12 mo
Avg daily rate
₦79,452
12 mo avg
↑35%
from prior 12 mo
Lead time
14 days
12 mo avg
↑0 days
from prior 12 mo
Revpar
₦12,736
12 mo avg
↑11%
from prior 12 mo
Methodology note: Figures reflect Ibadan market data as of October 2026. Data covers Airbnb, VRBO, and Booking.com listings. Values are seasonally influenced; rounding applied for readability.
Revenue per listing by bedroom
Annual revenue per listing, broken down by bedroom count. Compare which property sizes perform best.
Bedroom count:
0
1
2
3
4+
Short-term rental supply growth
Tracks how the number of active listings changes over time. Rising supply with flat revenue may indicate saturation.
Performance metrics by bedroom
Breakdown of revenue, property values, yields, supply, and cleaning fees for each bedroom type.
Bedrooms
Annual Rev
Supply
Revenue boost by amenity
Shows how specific amenities impact revenue. Beware false correlation i.e. more expensive properties tend to have pools or views.
No amenity impact data available.
Nightly rate by day of week
Average nightly rate for each day of the week. Most markets see higher rates on weekends.
Occupancy rate by day of week
Shows booking patterns throughout the week. Helps understand demand cycles.
Listings by channel
Listings by rental type
Listings by amenities
Listings by size
4+ bedrooms (0%)
Listings by availability
Length of stay by bedroom
4+ bedrooms (19.5 nights)
1 bedroom (5.3 nights)
2 bedrooms (2.7 nights)
Cleaning fee by bedroom
1 bedroom (NGN 8)
2 bedrooms (NGN 0)
4+ bedrooms (NGN 0)
Professional host share
Professionally managed (67%)
Independent hosts (33%)
Over the 12 months ending September 2026, the Ibadan market averaged 246 active Airbnb and VRBO listings, up 15% from a year earlier and up 93% over two years.
An average Ibadan listing earns NGN3.1M/year. High-performing listings earn NGN14.3M, while low-performing listings earn NGN753K.
Average occupancy in Ibadan is 9%, producing RevPAR of NGN8K per available night.
4+ bedroom listings generate the highest average annual revenue in Ibadan, at NGN4.5M.
Rules vary across Ibadan. Ibadan: Lenient. No formal STR regulations or licensing system. Minimal government oversight. Hosts operate freely with virtually no enforcement. Abeokuta: Lenient. No specific STR permits required. Informal market dominates. Negligible enforcement of any rental restrictions. Ilorin: Lenient. No established STR regulatory framework. Standard business registration optional. Enforcement practically non-existent; hosts self-regulate. Verify requirements for the property's jurisdiction.
The Ibadan Airbnb and VRBO market appears broadly balanced. Supply has grown 15% year-over-year, while RevPAR has increased 24%, showing no clear supply-demand imbalance.
RevPAR is highest in December and June; it is lowest in October and March.
The most common amenities are Air Conditioning (100%), TV (100%), Kitchen (100%).
Average daily rate in Ibadan is NGN88K, up 30% year-over-year. Rates peak in February and are lowest in October.
Guests in Ibadan book an average of 16 days in advance, down 5% from last year. Booking windows range from 11 days for 1-bedroom listings to 21 days for 2-bedroom listings.
Booking demand is highest on Friday and lowest on Monday. Nightly rates peak on Friday and are lowest on Monday. Weekend occupancy is 20% higher than weekday occupancy.
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