Airbnb market data · 202512 months to April 2025
Benin City, Nigeria Airbnb Market Data: Revenue, Occupancy & Trends
The average Airbnb in Benin City brought in ₦8,783,317 over the 12 months through April 2025, across just 19 active listings, so a single property can move that figure.
AirROI's latest figures for Benin City run through April 2025.
The short answer
Benin City Airbnb Market at a Glance
Listings averaged ₦126,503 a night and were booked on 24% of available nights.
Timing matters: in May, the best month, the average listing earned about 7.3 times as much as in February, the slowest. With only 19 active listings, a few bookings can reorder the months.
AirROI tracked 19 active listings in Benin City.
Browse the live Benin City Airbnb market See Every Benin City ListingRevenue
How Much Do Airbnb Hosts Make in Benin City?
Gross bookings per Benin City listing averaged ₦8,783,317 over the 12 months to April 2025 (Nigeria average: ₦7,091,923), before cleaning, platform and management costs and taxes.
The average Benin City listing brought in ₦3,790,000 in May, its best month, and ₦515,000 in February, its slowest. The three strongest months bring in 41% of a full year's revenue, where an even calendar would give any three months 25%.
Across Benin City's 19 active listings, monthly revenue by tier:
- Best-in-class properties (top 10%) earn ₦5,290,000+ a month, about five times the typical property.
- Strong performers (top 25%) earn ₦3,910,000 or more, roughly ₦2,900,000 a month above the median.
- Typical properties (median) earn about ₦1,040,000 a month.
- Entry-level properties (bottom 25%) earn ₦624,000 or less, about 60% of the median.
These are monthly figures for listings active in each month. The annual average above also counts listings that operated for only part of the year, so it runs below twelve times these figures.
May earned about 7.3 times what February did
Average revenue per active listing, by month
The dashed line is the average of the months shown, ₦1,530,000.
Benin City Airbnb Data by Month
Latest 12 months in the April 2025 data.
May led on revenue. Nightly rates peaked in July and bookings in April, so the best-paying month is not always the busiest or the priciest.
| Month | Avg. Revenue | Occupancy | Avg. Nightly Rate | Booking Lead Time |
|---|---|---|---|---|
| May 2024 | ₦3,785,686 | – | ₦120,098 | – |
| Jun 2024 | ₦3,411,074 | 28.9% | ₦120,282 | 1 day |
| Jul 2024 | ₦1,486,272 | 20.7% | ₦122,012 | – |
| Aug 2024 | ₦2,990,272 | 11.3% | ₦121,711 | 15 days |
| Sep 2024 | ₦3,333,353 | – | ₦121,601 | – |
| Oct 2024 | ₦3,468,739 | – | ₦121,698 | – |
| Nov 2024 | ₦3,376,779 | – | ₦121,176 | – |
| Dec 2024 | ₦598,329 | 29.0% | ₦118,847 | 97 days |
| Jan 2025 | ₦805,750 | 16.9% | ₦106,176 | 45 days |
| Feb 2025 | ₦515,251 | 15.2% | ₦106,548 | 5 days |
| Mar 2025 | ₦1,309,447 | 32.3% | ₦104,964 | 1 day |
| Apr 2025 | ₦1,084,787 | 33.4% | ₦103,807 | 12 days |
Averages per active listing in each month. Highlighted: the highest-revenue month. Booking lead time is the days between booking and check-in for stays in that month.
Location, size and how a home is run move its income far more than a city average shows. For a range on one Benin City address, run it through the Airbnb calculator.
Profit
Is an Airbnb in Benin City Profitable?
Yes, when it's run well. The average Benin City Airbnb took in ₦8,783,317 in the 12 months to April 2025, an average that counts every active listing, including those open only part of the year. A listing in the top quarter took in about ₦32,910,000, and run by its owner at everyday costs, about ₦2,032,000 a month of that is left after running costs, so a home that costs less than that to own or rent makes money.
These amounts come before housing costs. Where the mortgage or rent is less each month, the difference is profit; a home owned outright keeps it all after property tax, home insurance and any building or condo fees.
Benin City Airbnb Income, Expenses and Profit per Year
| Line | Average listing | Top-quarter listing |
|---|---|---|
| Money in | ||
| Gross bookings | ₦8,783,317 | ₦32,910,000 |
| Running costs | ||
| Airbnb's fee15.5% of bookings, Airbnb's standard host-only fee | −₦1,361,000 | −₦5,101,000 |
| Utilities and internetAbout 5% of bookings | −₦439,000 | −₦1,646,000 |
| Guest suppliesToiletries, coffee, paper goods: about 2% | −₦176,000 | −₦658,000 |
| Repairs and upkeepIncluding linens and small replacements: about 3% | −₦263,000 | −₦987,000 |
| Short-term rental insuranceOne policy, on top of Airbnb's free AirCover | −₦88,000 | −₦88,000 |
| Permit and registrationWhere one is required | −₦44,000 | −₦44,000 |
| Management₦0 when you run it; co-hosts charge from about 10% of nightly bookings | ₦0 | ₦0 |
| Pricing and messaging toolsOptional; Airbnb's own tools are free | ₦0 | ₦0 |
| Lodging taxesAdded to the guest's bill and passed on | ₦0 | ₦0 |
| Total running costsAbout 27% of bookings | −₦2,371,000 | −₦8,524,000 |
| Left for housing costs, then profit | ₦6,412,317about ₦534,000 a month | ₦24,386,000about ₦2,032,000 a month |
| Housing costs | ||
| Mortgage or rent, property tax, home insurance, building or condo fees | Depend on the home | |
Estimate Your Own Benin City Airbnb Profit
The estimate starts from Benin City's average listing, run by its owner. Change how the listing performs, who runs it and who cleans to see what is left for the mortgage or rent.
To work out the profit on one Benin City home, with its price, its mortgage or rent and your own costs, use the Airbnb profit calculator. It starts from the comparable listings around the address.
How Benin City's Top Earners Get There
- More nights booked. The busiest quarter of Benin City listings are booked on 32% or more of their nights, against 18% for the median listing. Ten more booked nights a year at the median rate of ₦76,300 adds about ₦763,000 in bookings.
- Prices that follow demand. Ranked by price, the top quarter charge ₦187,000 a night or more, against a median of ₦76,300. That is a separate ranking from the busiest quarter, so the two marks don't multiply into one listing's takings. For the average listing, a 10% higher rate on the nights it already books adds about ₦878,000 a year.
- Open for the busy months. May brought the average listing about ₦3,790,000, against ₦515,000 in February, so a calendar that is open and full in the busy months carries the year.
What a listing keeps comes down to the figures this page measures: nightly rate, nights booked and the months it's open. A listing at the top-quarter mark takes in about ₦2,743,000 a month, against ₦732,000 for the average one.
Occupancy
What Is the Airbnb Occupancy Rate in Benin City?
Benin City listings were booked on 24% of the nights they were open over the past year, 6 percentage points below the Nigeria average (30%). Occupancy climbs to 33% in April and falls to 11% in August.
Across Benin City's 19 active listings, the share of open nights booked by tier:
- Best-in-class properties (top 10%) are booked 35%+ of open nights, 17 points above the median.
- Strong performers (top 25%) fill 32% or more, roughly two and a half nights a week.
- Typical properties (median) fill about 18% of open nights.
- Entry-level properties (bottom 25%) fill 16% or less, under two nights a week.
April was the busiest month in Benin City, August the quietest
Share of open nights booked, by month
Nightly rates
How Much Does an Airbnb Cost per Night in Benin City?
The average nightly rate in Benin City, known as ADR (average daily rate), was ₦126,503 over the past year, about 9% below the Nigeria average of ₦139,000. Averaged month by month, rates peak in July and August at about ₦122,000 and bottom out in March and April at about ₦104,000.
Across Benin City's 19 active listings, nightly rates by tier:
- Best-in-class properties (top 10%) charge ₦253,000+ a night, about 3.3 times the median.
- Strong performers (top 25%) charge ₦187,000 or more, about ₦110,000 above the median.
- Typical properties (median) charge about ₦76,300 a night.
- Entry-level properties (bottom 25%) charge ₦43,400 or less, about 57% of the median.
July rates ran 18% above April's
Average nightly rate (ADR), by month
The dashed line is the average of the months shown, ₦113,000. The 12-month ADR of ₦126,503 averages each listing's own rate across its whole year; the monthly points average listings month by month, so the two differ.
Seasonality
Best and Worst Months for Airbnb in Benin City
With only 19 active listings, the monthly pattern in Benin City is noisy, since a few long or pricey stays can lift a month; revenue peaked in May and bottomed out in February.
How Far in Advance Do Guests Book Airbnb in Benin City?
Guests book Benin City stays 43 days ahead on average (about six weeks). December stays are booked furthest out, about 97 days ahead, and June stays closest to arrival, about 1 days. A typical December booking is made in early September.
December stays are booked furthest ahead
Average days between booking and check-in, by month of stay
The 12-month figure of 43 days averages each listing's year as a whole; each month here averages only the listings with stays in it.
Permits
Airbnb Permits and Registration in Benin City
None of the 19 active listings in Benin City display a registration, permit or license number. That doesn't mean no rules apply: some places don't ask hosts to show a number on the listing, and listing data doesn't capture every scheme.
Registration, permit, zoning and tourist-tax rules vary by address and change often, so confirm them with the local authority before buying or listing in Benin City.
Neighborhoods
Best Neighborhoods for Airbnb in Benin City
AirROI's area guide picks eight Benin City neighborhoods that draw short-term rental guests, led by Ring Road, Ikpoba Hill and GRA (Government Reservation Area). The picks reflect guest appeal, not earnings data or permit eligibility, so check local permit rules for a specific address before buying.
| Area | Who it suits | Landmarks nearby |
|---|---|---|
| Ring Road | The central business hub of Benin City, known for its proximity to major markets and shopping centers. A prime location for travelers seeking convenience and accessibility. | Oba of Benin's Palace, Ring Road Market, Edo State Secretariat, The University of Benin, Benin National Museum |
| Ikpoba Hill | A residential area with a mix of local and expatriate communities, popular for its serenity and green spaces. Attractive for long-term stay guests and families. | Benin Golf Club, Ogbelaka Park, Sabo Market, Ikpoba River, Benin City Central Mosque |
| GRA (Government Reservation Area) | A well-planned neighborhood featuring upscale residences and a calm environment. Ideal for hosting high-end travelers and diplomats. | Edo State Eco-Industrial Park, Arinturun Recreational Centre, St. Matthew's Cathedral, Government House Edo State, Edo University Iyamho |
| Uselu | A vibrant commercial area with great spots for food and nightlife. Popular among young travelers and those looking to experience local culture. | Uselu Market, National Museum of Benin, Uselu Plaza, Local bars and restaurants, Edo State Festival site |
| Ekiadolor | A suburban area with growing infrastructure and amenities. It offers a quieter experience while maintaining proximity to central attractions. | Ekiadolor Market, Local cultural festivals, Nearby educational institutions, Natural parks and reserves, Community markets |
| Sapele Road | A rapidly developing area with many new hotels and facilities. Commuters and business travelers favor this area for its strategic location. | Edo State College of Agriculture, Sapele Road Shopping Complex, Local eateries and bars, Cultural sites, Business centers |
| Adesuwa Road | A bustling street known for its vibrant markets and community life. Great for tourists wanting to immerse themselves in local culture. | Adesuwa Market, Local artisan shops, Cultural centers, Live music venues, Nearby hospitality services |
| Edo State University | A growing educational hub attracting students, family visitors, and academics. Ideal for hosting short-term and long-term stays for academic visitors. | Edo State University, Research institutes, Student housing facilities, Local eateries, Shops catering to students |
Area descriptions are AI-assisted from public sources and are not checked against zoning.
FAQ
Benin City Airbnb FAQ
How much do Airbnb hosts make in Benin City?
An active Benin City Airbnb grossed ₦8,783,317 on average in the 12 months to April 2025, according to AirROI's tracking of 19 active listings. That is before cleaning, management, taxes and financing. Busier, better-run listings do far better: the top quarter took in ₦3,910,000 or more in a typical month.
How much can I make on Airbnb in Benin City?
It depends most on the home's size, location and how it's run. The middle half of Benin City listings earn between ₦624,000 and ₦3,910,000 in a typical month, and the top tenth ₦5,290,000 or more. For one home, enter its address and bedroom count in the Airbnb income calculator: it compares the home with similar listings nearby.
What is the average Airbnb occupancy rate in Benin City?
Listings in Benin City were booked on 24% of available nights over the past year. That compares with 30% for the national average. April was the busiest month.
How much does an Airbnb cost per night in Benin City?
The average booked night in Benin City cost ₦126,503 before fees. Half of listings charge between ₦43,400 and ₦187,000, so bedroom count and location move the price more than the average suggests.
Do you need a permit for an Airbnb in Benin City?
None of the active Benin City listings display a registration, permit or license number. That doesn't mean no rules apply, so confirm registration, permit and tourist-tax rules with the local authority before buying.
Is Airbnb profitable in Benin City?
Yes, when it's run well. The average Benin City Airbnb grossed ₦8,783,317 in the 12 months to April 2025, 24% above the national average of ₦7,091,923, though with only 19 active listings a single property can move that figure, counting listings open only part of the year. A listing at the top-quarter mark, run by its owner with everyday costs for Airbnb's fee, utilities, supplies, upkeep and insurance, has about ₦2,032,000 a month left before the mortgage or rent, so a home that costs less than that to own or rent makes a profit. Check a specific home in the Airbnb estimator.
When is Airbnb peak season in Benin City?
May paid best over the past year, at ₦3,790,000 per active listing, and February paid least. The month-by-month table above shows how rates and bookings each move.
How far in advance do guests book Airbnbs in Benin City?
Benin City stays were booked 43 days (about six weeks) before arrival on average over the past year, so most of a month is booked well before it starts.
What are the best neighborhoods for Airbnb in Benin City?
Ring Road, Ikpoba Hill and GRA (Government Reservation Area) draw the most short-term rental interest in Benin City. The neighborhood guide explains what brings guests to each.
How many Airbnbs are there in Benin City?
AirROI counted 19 active Airbnb listings in Benin City as of April 2025.
Method
About This Data
Figures on this page cover 19 active Airbnb listings in Benin City from May 2024 to April 2025 (trailing twelve months). AirROI refreshes them monthly from listing-level booking and calendar data covering 20+ million properties worldwide. AirROI measures bookings in US dollars; this page shows them in Nigerian nairas at ₦1,375 per US$, the typical rate from November 2025 to October 2026. Annual revenue averages every listing active during the period, including those listed for only part of it; monthly figures average the listings active in each month; the tier lists show the spread. Neighborhood descriptions are AI-assisted. See the methodology for definitions.
Need this programmatically? The same metrics are available through the AirROI Airbnb Data API and bulk downloads in the data portal.