Victoria Island, NG
Part of the Lagos market area
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Overview
Annual Rev
₦10.8m
12 mo avg
↓21%
from prior 12 mo
Occupancy rate
24%
12 mo avg
↓9%
from prior 12 mo
Avg daily rate
₦119,646
12 mo avg
↑9%
from prior 12 mo
Lead time
17 days
12 mo avg
↓2 days
from prior 12 mo
Revpar
₦23,691
12 mo avg
↓31%
from prior 12 mo
Methodology note: Figures reflect Lagos 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 |
|---|---|---|---|---|
| Hot Tub | — | +₦17,528,205 | — | — |
| Pool | 🔒 2•• (••%) | 🔒 +₦1••••••• (+•••%) | 🔒 ₦2••••••• | 🔒 ₦1••••••• |
| Lake Access | 🔒 2• (•%) | 🔒 +₦7•••••• (+••%) | 🔒 ₦2••••••• | 🔒 ₦2••••••• |
| Gym | 🔒 1•• (••%) | 🔒 +₦6•••••• (+••%) | 🔒 ₦2••••••• | 🔒 ₦2••••••• |
| Parking | 🔒 6•• (••%) | 🔒 +₦6•••••• (+••%) | 🔒 ₦2••••••• | 🔒 ₦1••••••• |
| Internet | 🔒 6•• (••%) | 🔒 +₦6•••••• (+••%) | 🔒 ₦2••••••• | 🔒 ₦1••••••• |
| Heating | 🔒 2•• (••%) | 🔒 +₦4•••••• (+••%) | 🔒 ₦2••••••• | 🔒 ₦2••••••• |
| Bicycles | 🔒 9 (•%) | 🔒 +₦3•••••• (+••%) | 🔒 ₦2••••••• | 🔒 ₦2••••••• |
| Barbecue | 🔒 4• (•%) | 🔒 +₦4••• (+•%) | 🔒 ₦2••••••• | 🔒 ₦2••••••• |
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
Studio (30.5 nights)
3 bedrooms (11.1 nights)
2 bedrooms (9.5 nights)
4+ bedrooms (9.4 nights)
1 bedroom (8.8 nights)
Cleaning fee by bedroom
4+ bedrooms (NGN 49)
2 bedrooms (NGN 34)
3 bedrooms (NGN 32)
1 bedroom (NGN 19)
Studio (NGN 0)
Professional host share
Professionally managed (71%)
Independent hosts (29%)
Over the 12 months ending August 2026, the Lagos market averaged 3,536 active Airbnb and VRBO listings, up 11% from a year earlier and up 59% over two years.
An average Lagos listing earns NGN6.1M/year. High-performing listings earn NGN27.6M, while low-performing listings earn NGN1.9M.
Average occupancy in Lagos is 13%, producing RevPAR of NGN14K per available night.
4+ bedroom listings generate the highest average annual revenue in Lagos, at NGN9.4M.
Rules vary across Lagos. Lagos: Lenient. No formal short-term rental regulations or licensing requirements. Minimal government oversight or enforcement of rentals. Lekki: Lenient. Part of Lagos, same lack of formal STR regulations. Some estate/community association rules may apply but limited enforcement. Victoria Island: Lenient. Falls under Lagos jurisdiction with no specific STR laws. High-end market operates freely with minimal government interference despite zoning rules. Verify requirements for the property's jurisdiction.
The Lagos Airbnb and VRBO market is becoming more competitive. Supply has grown 11% year-over-year, while RevPAR has decreased 14%, suggesting supply is outpacing demand.
RevPAR is highest in December and January; it is lowest in March and February.
The most common amenities are Air Conditioning (100%), TV (99%), Kitchen (99%). The strongest positive revenue associations are Washing Machine (+79%), Hot Tub (+75%), Pool (+57%).
Average daily rate in Lagos is NGN145K, up 12% year-over-year. Rates peak in December and are lowest in March.
Guests in Lagos book an average of 18 days in advance, down 8% from last year. Booking windows range from 15 days for 1-bedroom listings to 23 days for 4+ 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 9% higher than weekday occupancy.