Airbnb Market Analytics, Statistics and Data in Lagos, Faro, Portugal
Last updated: 2025-01-31
Looking to make more money with hosting or rental arbitraging Airbnbs, short-term rentals, vacation rentals in Lagos? AirROI have just the data insights! Over the last twelve months from February 2024 to January 2025, we've uncovered key trends and opportunities that successful hosts are leveraging in Lagos:
How much do Airbnb hosts make on average per month in Lagos?
The short-term rental market in Lagos shows distinct revenue patterns across different property tiers. Our analysis reveals that successful properties combine strategic pricing with quality management to maximize earnings potential. Market data demonstrates clear revenue differentiation among properties:
- Typical properties (median) earn $2,222 per month
- Strong performing properties (top 25%) make $3,798 or more
- Best-in-class properties (top 10%) achieve $6,043+ monthly
- Entry-level properties (bottom 25%) typically earn around $1,187
Revenue Variations by Month
Occupancy Rates Throughout the Year in Lagos
The market in Lagos shows distinct occupancy patterns influenced by seasonal trends and local dynamics. Properties that maintain high guest satisfaction scores and implement strategic pricing consistently achieve stronger occupancy rates. Current market data shows:
- Typical properties (median) maintain 52% occupancy rates
- Strong performing properties (top 25%) achieve 73% or higher
- Best-in-class properties (top 10%) reach 87%+occupancy
- Entry-level properties (bottom 25%) average around 28%
Occupancy Variations by Month
Average Daily Rates Seasonal Trends in Lagos
Daily rates in Lagos vary based on seasonality, property quality, and market dynamics. Properties that effectively balance competitive pricing with strong amenities typically command higher rates. Market analysis shows the following rate structure:
- Typical properties (median) generate $132 per night
- Strong performing properties (top 25%) secure $205 or more
- Best-in-class properties (top 10%) pull in $322+ per night
- Entry-level properties (bottom 25%) earn around $92
Daily Rate Variations by Month
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Seasonality patterns in Lagos
Peak Season (August, July, June)
- Revenue peaks at $5573.71 per month
- Occupancy rates reach 76.74%
- Daily rates average $222.88
Shoulder Season
- Revenue averages $3018.13 per month
- Occupancy maintains 50.71%
- Daily rates hold at $184.50
Low Season (November, December, January)
- Revenue drops to $1362.44 per month
- Occupancy decreases to 29.16%
- Daily rates adjust to $160.74
Is it still profitable to do Airbnb in Lagos in 2025?
Yes! Lagos demonstrates highly seasonal trends requiring strategic adaptation, featuring a healthy occupancy rate of 51% and strong monthly revenue averaging $3018 and As a mature market with 3359 active listings, there's strong demand despite the competition. There's also room for profit through rental arbitrage strategies, if you can identify competitively priced properties. To maximize your return on investment, consider employing the following strategies:
Peak Season Strategy
- Implement premium seasonal pricing strategies
- Set longer minimum stay requirements during high-demand periods
- Enforce stricter cancellation policies
Shoulder Season Strategy
- Maintain competitive market-based pricing
- Offer moderate-length stay incentives
- Target a mix of leisure and business travelers with flexible booking terms
- Focus on weekend getaway packages and mid-week business traveler promotions
Low Season Strategy
- Adjust pricing to remain competitive in the market
- Target different guest segments (business travelers, long-term stays, holiday visitors, event attendees, remote workers)
- Create targeted promotional campaigns to drive occupancy
Top Places to Start Airbnb in Lagos
| Area | Why Choose This Area | Key Attractions |
|---|---|---|
| Lagos Marina | A picturesque marina area ideal for water sports enthusiasts. Attracts tourists looking for boating, sailing, and waterfront dining experiences. | Lagos Marina, Ponta da Piedade, Meia Praia Beach, Water Sports Activities, Lagos Old Town |
| Praia da Rocha | Known for its stunning beaches and vibrant nightlife. A hotspot for tourists seeking sun, sea, and entertainment. | Praia da Rocha Beach, Fort of Santa Catarina, Bardot Beach Bar, Water Sports, Nightclubs and Bars |
| Alvor Village | Charming village atmosphere with beautiful beaches. Perfect for families and those looking for a more relaxed vacation vibe. | Alvor Beach, Ria de Alvor Nature Reserve, Alvor Boardwalk, Local Restaurants, Historic Church of Alvor |
| Porto de Mós | Offers a quieter beach experience with stunning cliffs. Attracts visitors seeking tranquility and natural beauty. | Porto de Mós Beach, Cliffs of Lagos, Walking Trails, Restaurants with Sea Views |
| Centro Histórico de Lagos | The historic center filled with culture and history. Ideal for tourists interested in exploring the local heritage. | Lagos Slave Market, Church of Santa Maria, Forte da Ponta da Bandeira, Museu Municipal de Lagos, Traditional Algarve Restaurant |
| Monchique Mountains | Famous for its scenic views and nature walks. Appeals to nature lovers and those seeking outdoor activities. | Foia Peak, Monchique Village, Hiking Trails, Local Markets, Spa Resorts |
| Burgau | A quaint fishing village known for its beautiful beach. Great for those looking for an authentic Portuguese experience. | Burgau Beach, Dining by the Sea, Coastal Walks, Local Artisans |
| Praia da Luz | Family-friendly beach destination with many amenities. Popular with families and travelers seeking relaxation. | Praia da Luz Beach, Pôr do Sol Restaurant, Luz Village, Local Shops |
Do you need a license for Airbnb in Lagos?
Yes, Lagos requires a license for operating an Airbnb. Current market data shows 82% of active listings maintain proper licensing, confirming this requirement. Getting licensed is an essential first step before listing your property.
Top Performing Airbnb Properties in Lagos
Villa Monte D'Oiro
Entire Place • 10 bedrooms
Tiny Whale Lodge, a unique space for groups.
Entire Place • 14 bedrooms
Villa Delphin
Entire Place • 4 bedrooms
Lux Mare I
Entire Place • 6 bedrooms
Casa Bom Porto Beachfront Villa Praia da Luz Lagos
Entire Place • 3 bedrooms
Top Cliff Villa Ocean view pool at stunning cliffs
Entire Place • 7 bedrooms
Top Performing Professional Hosts in Lagos
| Host Name | Properties | Grossing Revenue | Stay Reviews | Avg Rating |
|---|---|---|---|---|
| Rental Valley | 78 | $3,402,349 | 2643 | 4.67/5.0 |
| David | 100 | $3,263,775 | 1553 | 4.44/5.0 |
| Nelson | 191 | $2,688,392 | 2614 | 3.20/5.0 |
| Ideal Homes | 51 | $1,744,497 | 1118 | 4.82/5.0 |
| Sean | 42 | $1,625,060 | 518 | 4.38/5.0 |
| Algarve Holiday Bookings | 42 | $1,568,537 | 677 | 4.44/5.0 |
| Rentalgest | 41 | $1,388,316 | 1175 | 4.75/5.0 |
| Conkrit | 14 | $1,073,505 | 670 | 3.90/5.0 |
| Bruno | 15 | $1,029,920 | 2728 | 4.74/5.0 |
| Casas Do | 48 | $954,642 | 1649 | 4.68/5.0 |
Additional analytics on vacation rental, real estate, short term rental data in Lagos
AirROI also have other key metrics and comprehensive data for your vacation rental, real estate needs. Go explore the advanced metrics that can help you make informed decisions:
Room Type Distribution
Property Type Distribution
Key Insights
- Market dominated by entire home listings (86%), with apartment & condo and house properties comprising 90.7% of inventory
- Untapped potential in outdoor & mobile, others segments (2.1% combined)
Room Capacity Distribution
Analysis of 3,359 properties in Lagos shows that 2 bedrooms properties are most prevalent, making up 36% of the market. The market tends to favor smaller properties, with 2 bedrooms and 1 bedroom together representing 69.9% of all listings.
Key Insights
- Most common: 2 bedrooms (36%)
- Least common: 5+ bedrooms (2.3%)
- Market concentration: 69.9% in top 2 sizes
- Market skew: Favors smaller properties
Guest Capacity Distribution
Analysis of 3,359 properties in Lagos reveals that 4 guests properties dominate the market, representing 35.6% of all listings. The average property accommodates 3.9 guests, with a clear trend towards larger guest capacities. Properties accommodating 4 guests and 2 guests make up 57.0% of the market.
Key Insights
- Most common capacity: 4 guests (35.6% of market)
- Least common capacity: 1 guest (0.2% of market)
- Average guest capacity: 3.9 guests per property
- Market concentration: 57.0% in top 2 capacity sizes
- Market segmentation: Predominantly larger guest capacities
Booking and Availability Patterns
Available Days Distribution
Booked Days Distribution
Among 3,359 properties in Lagos, the most common availability pattern is 181-270 days (34.9% of properties). For actual bookings, properties most frequently secure bookings for 91-180 days (35.3% of properties).
Key Insights
- Most common availability window: 181-270 days (34.9%)
- Most common booking duration: 91-180 days (35.3%)
- Properties with high availability (180+ days): 69.0%
- Properties with long-term bookings (180+ days): 32.7%
Minimum Stay Distributions
1 Night
344 listings
11.2% of total
2 Nights
566 listings
18.5% of total
3 Nights
621 listings
20.2% of total
4-6 Nights
1052 listings
34.3% of total
7-29 Nights
246 listings
8% of total
30+ Nights
238 listings
7.8% of total
Key Insights
- Short stays (1-2 nights) dominate the market at 29.7%
- Mid-length stays (4-6 nights) represent 34.3% of listings
- Monthly+ stays (7.8%) suggest a stable extended-stay market
- High market flexibility with 49.9% accepting 3 nights or less
Recommendations
- Set minimum stays between 2-3 nights to align with market standards
- Adjust minimum stays seasonally based on demand patterns
- Consider monthly stay discounts to capture the growing extended-stay market
- Implement different minimum stays for weekends vs. weekdays
Cancellation Policy Distribution
Super Strict 60 Days
56 listings
1.8% of total
Non-refundable
9 listings
0.3% of total
Super Strict 30 Days
220 listings
7.3% of total
Refundable
7 listings
0.2% of total
Super Strict 95 Days
1 listings
0% of total
Flexible
266 listings
8.8% of total
Moderate
660 listings
21.8% of total
Firm
831 listings
27.4% of total
Strict
982 listings
32.4% of total
Key Insights
- Strict is the preferred policy at 32.4% of listings
- The market shows a balanced distribution between guest-friendly (30.6%) and strict (59.8%) policies
- Strong market consensus around Strict policies
- Super Strict 95 Days policies are least common at 0.0% of listings
Recommendations
- Market supports various policies - choose based on your property type and target guests
- Strong market preference for Strict policies suggests this should be your baseline
Booking Lead Time Trends
Key Insights
- Peak booking lead times occur in Jul, Aug, Jun, averaging 100 days
- Shortest booking windows are in Nov, Dec, Jan, averaging 67 days
- Summer shows the longest average booking window at 100 days, while Winter has the shortest at 68 days
Recommendations
- Implement dynamic pricing strategies for Summer bookings at least 100 days in advance
- Consider early bird discounts during Winter to encourage longer lead times
- Focus on last-minute booking promotions during Nov-Jan when lead times are shortest
Popular Airbnb Amenities in Lagos
Below is the distribution of amenities across listings in Lagos:
Traveler Demographics
Key Insights
- Domestic travelers make up 2.9% of total guests, indicating a mostly international-driven market.
- Primary international markets: Canada (24.4%) and United Kingdom (19%)
- English is the top language at 56%, followed by French (14.3%)
- Notable demographic segment in <=1950s (Pre-1950s (Silent Gen)) at 7.2%
Recommendations
- Target marketing campaigns for London and Toronto markets
- Develop localized content for Canada and United Kingdom
- Prioritize English and French language support
- Tailor experiences for Pre-1950s (Silent Gen) while maintaining broad age appeal
- Implement seasonal promotions aligned with key market travel patterns
Nearby Markets
Explore short-term rental performance in markets surrounding Lagos. These nearby markets offer diverse opportunities for property investors and hosts:
| Market | Properties | Monthly Revenue | Daily Rate | Occupancy |
|---|---|---|---|---|
| Comporta | 124 | $3,769 | $482.75 | 41% |
| Albufeira | 4,942 | $2,886 | $309.49 | 46% |
| Lisbon | 11,949 | $2,612 | $158.75 | 58% |
| Grândola | 364 | $2,562 | $385.01 | 35% |
| Ferragudo | 194 | $2,544 | $270.54 | 47% |
| Lagoa e Carvoeiro | 1,045 | $2,476 | $252.37 | 49% |
| Cascais | 1,613 | $2,421 | $203.30 | 49% |
| Seixal | 195 | $2,378 | $206.44 | 47% |
| Loulé | 2,754 | $2,367 | $282.79 | 43% |
| São Brás de Alportel | 112 | $2,330 | $250.10 | 43% |
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