Ibadan
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Overview
Annual Rev
₦5.2m
12 mo avg
↓1%
from prior 12 mo
Occupancy rate
🔒 1•%
12 mo avg
••.•%
from prior 12 mo
Avg daily rate
🔒 ₦7••••
12 mo avg
••.•%
from prior 12 mo
Lead time
14 days
12 mo avg
↓1 days
from prior 12 mo
Revpar
₦11,959
12 mo avg
↑2%
from prior 12 mo
Methodology note: Figures reflect Ibadan market data as of September 2026. Data covers Airbnb, VRBO, and Booking.com listings. Values are seasonally influenced; rounding applied for readability.
Revenue per listing by bedroom
Bedroom count:
0
1
2
3
4+
Short-term rental supply growth
Performance metrics by bedroom
Bedrooms
Annual Rev
Supply
Revenue boost by amenity
| Amenity | Listings With | Revenue Boost | Revenue With | Revenue Without |
|---|---|---|---|---|
| Pets Allowed | — | +₦6,287,289 | — | — |
Nightly rate by day of week
Occupancy rate by day of week
Listings by channel
Listings by rental type
Listings by amenities
Listings by size
4+ bedrooms (0%)
Listings by availability
Length of stay by bedroom
3 bedrooms (6.6 nights)
1 bedroom (5.9 nights)
4+ bedrooms (5.6 nights)
2 bedrooms (4.0 nights)
Cleaning fee by bedroom
1 bedroom (NGN 11)
2 bedrooms (NGN 0)
3 bedrooms (NGN 0)
4+ bedrooms (NGN 0)
Professional host share
Professionally managed (61%)
Independent hosts (39%)
Over the 12 months ending August 2026, the Ibadan market averaged 243 active Airbnb and VRBO listings, up 15% from a year earlier and up 91% over two years.
An average Ibadan listing earns NGN3.0M/year. High-performing listings earn NGN13.6M, while low-performing listings earn NGN736K.
Average occupancy in Ibadan is 8%, producing RevPAR of NGN7K per available night.
4+ bedroom listings generate the highest average annual revenue in Ibadan, at NGN4.3M.
Rules vary across Ibadan. Ibadan: Lenient. No formal STR regulations or licensing system. Minimal government oversight. Hosts operate freely with little to no enforcement. Abeokuta: Lenient. No specific STR permit requirements. Informal sector dominates. Virtually no regulatory enforcement exists. Ilorin: Lenient. No established STR registration framework. Standard hotel/guesthouse rules don't apply to most STRs. Negligible enforcement activity. 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 13%, showing no clear supply-demand imbalance.
RevPAR is highest in December and June; it is lowest in October and September.
The most common amenities are Air Conditioning (100%), TV (100%), Kitchen (100%).
Average daily rate in Ibadan is NGN87K, up 26% year-over-year. Rates peak in February and are lowest in October.
Guests in Ibadan book an average of 16 days in advance, down 9% 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 18% higher than weekday occupancy.