Benin City Airbnb Market Analysis 2025: Short Term Rental Data & Vacation Rental Statistics in Edo State, Nigeria
Is Airbnb profitable in Benin City in 2025? Explore comprehensive Airbnb analytics for Benin City, Edo State, Nigeria to uncover income potential. This 2025 STR market report for Benin City, based on AirROI data from May 2024 to April 2025, reveals key trends in the niche market of 19 active listings.
Whether you're considering an Airbnb investment in Benin City, optimizing your existing vacation rental, or exploring rental arbitrage opportunities, understanding the Benin City Airbnb data is crucial. Leveraging the low regulation environment is key to maximizing your short term rental income potential. Let's dive into the specifics.
Key Benin City Airbnb Performance Metrics Overview
Monthly Airbnb Revenue Variations & Income Potential in Benin City (2025)
Understanding the monthly revenue variations for Airbnb listings in Benin City is key to maximizing your short term rental income potential. Seasonality significantly impacts earnings. Our analysis, based on data from the past 12 months, shows that the peak revenue month for STRs in Benin City is typically May, while February often presents the lowest earnings, highlighting opportunities for strategic pricing adjustments during shoulder and low seasons. Explore the typical Airbnb income in Benin City across different performance tiers:
- Best-in-class properties (Top 10%) achieve $3,843+ monthly, often utilizing dynamic pricing and superior guest experiences.
- Strong performing properties (Top 25%) earn $2,846 or more, indicating effective management and desirable locations/amenities.
- Typical properties (Median) generate around $760 per month, representing the average market performance.
- Entry-level properties (Bottom 25%) see earnings around $454, often with potential for optimization.
Average Monthly Airbnb Earnings Trend in Benin City
Benin City Airbnb Occupancy Rate Trends (2025)
Maximize your bookings by understanding the Benin City STR occupancy trends. Seasonal demand shifts significantly influence how often properties are booked. Typically, Aprilsees the highest demand (peak season occupancy), while August experiences the lowest (low season). Effective strategies, like adjusting minimum stays or offering promotions, can boost occupancy during slower periods. Here's how different property tiers perform in Benin City:
- Best-in-class properties (Top 10%) achieve 35%+ occupancy, indicating high desirability and potentially optimized availability.
- Strong performing properties (Top 25%) maintain 32% or higher occupancy, suggesting good market fit and guest satisfaction.
- Typical properties (Median) have an occupancy rate around 18%.
- Entry-level properties (Bottom 25%) average 16% occupancy, potentially facing higher vacancy.
Average Monthly Occupancy Rate Trend in Benin City
Average Daily Rate (ADR) Airbnb Trends in Benin City (2025)
Effective short term rental pricing strategy in Benin City involves understanding monthly ADR fluctuations. The Average Daily Rate (ADR) for Airbnb in Benin City typically peaks in July and dips lowest during April. Leveraging Airbnb dynamic pricing tools or strategies based on this seasonality can significantly boost revenue. Here's a look at the typical nightly rates achieved:
- Best-in-class properties (Top 10%) command rates of $184+ per night, often due to premium features or locations.
- Strong performing properties (Top 25%) achieve nightly rates of $136 or more.
- Typical properties (Median) charge around $55 per night.
- Entry-level properties (Bottom 25%) earn around $32 per night.
Average Daily Rate (ADR) Trend by Month in Benin City
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Airbnb Seasonality Analysis & Trends in Benin City (2025)
Peak Season (May, October, June)
- Revenue averages $2,585 per month
- Occupancy rates average 9.6%
- Daily rates average $88
Shoulder Season
- Revenue averages $1,646 per month
- Occupancy maintains around 16.3%
- Daily rates hold near $84
Low Season (January, February, December)
- Revenue drops to average $465 per month
- Occupancy decreases to average 20.4%
- Daily rates adjust to average $80
Seasonality Insights for Benin City
- The Airbnb seasonality in Benin City shows highly seasonal trends requiring careful strategy. While the sections above show seasonal averages, it's also insightful to look at the extremes:
- During the high season, the absolute peak month showcases Benin City's highest earning potential, with monthly revenues capable of climbing to $2,752, occupancy reaching a high of 33.4%, and ADRs peaking at $89.
- Conversely, the slowest single month of the year, typically falling within the low season, marks the market's lowest point. In this month, revenue might dip to $375, occupancy could drop to 0.0%, and ADRs may adjust down to $75.
- Understanding both the seasonal averages and these monthly peaks and troughs in revenue, occupancy, and ADR is crucial for maximizing your Airbnb profit potential in Benin City.
Seasonal Strategies for Maximizing Profit
- Peak Season: Maximize revenue through premium pricing and potentially longer minimum stays. Ensure high availability.
- Low Season: Offer competitive pricing, special promotions (e.g., extended stay discounts), and flexible cancellation policies. Target off-season travelers like remote workers or budget-conscious guests.
- Shoulder Seasons: Implement dynamic pricing that balances peak and low rates. Target weekend travelers or specific events. Offer slightly more flexible terms than peak season.
- Regularly analyze your own performance against these Benin City seasonality benchmarks and adjust your pricing and availability strategy accordingly.
Best Areas for Airbnb Investment in Benin City (2025)
Exploring the top neighborhoods for short-term rentals in Benin City? This section highlights key areas, outlining why they are attractive for hosts and guests, along with notable local attractions. Consider these locations based on your target guest profile and investment strategy.
| Neighborhood / Area | Why Host Here? (Target Guests & Appeal) | Key Attractions & Landmarks |
|---|---|---|
| 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 |
Understanding Airbnb License Requirements & STR Laws in Benin City (2025)
While Benin City, Edo State, Nigeria currently shows low STR regulations, specific Airbnb license requirements might still exist or change. Always verify the latest short term rental regulations and Airbnb license requirements directly with local government authorities for Benin City to ensure full compliance before hosting.
(Source: AirROI data, 2025, finding no licensed listings among those analyzed)
Top Performing Airbnb Properties in Benin City (2025)
Benchmark your potential! Explore examples of top-performing Airbnb properties in Benin Citybased on Trailing Twelve Month (TTM) revenue. Analyze their characteristics, revenue, occupancy rate, and ADR to understand what drives success in this market.
Luxury Oasis - Benin City
Entire Place • 4 bedrooms
Ebony Apartment Benin City
Entire Place • 3 bedrooms
Rosewood Apartment
Entire Place • 2 bedrooms
3bedrooms in Ugbor, G.R.A,10 mins from Airport
Entire Place • 3 bedrooms
Home Away From Home
Entire Place • 4 bedrooms
Luxury 2 Bedrooms in BeninCity
Entire Place • 2 bedrooms
Note: Performance varies based on location, size, amenities, seasonality, and management quality. Data reflects the past 12 months.
Top Performing Airbnb Hosts in Benin City (2025)
Learn from the best! This table showcases top-performing Airbnb hosts in Benin City based on the number of properties managed and estimated total revenue over the past year. Analyze their scale and performance metrics.
| Host Name | Properties | Grossing Revenue | Stay Reviews | Avg Rating |
|---|---|---|---|---|
| Host #497394249 | 6 | $43,366 | 0 | 0.00/5.0 |
| Host #497551195 | 2 | $24,573 | 0 | 0.00/5.0 |
| Host #575346088 | 1 | $15,130 | 0 | 0.00/5.0 |
| Host #151205299 | 1 | $8,745 | 0 | 0.00/5.0 |
| Host #215270755 | 1 | $8,264 | 0 | 0.00/5.0 |
| Host #469095563 | 2 | $5,182 | 0 | 0.00/5.0 |
| Host #447742562 | 1 | $4,325 | 0 | 0.00/5.0 |
| Host #422848790 | 1 | $3,646 | 0 | 0.00/5.0 |
| Host #486409141 | 1 | $3,247 | 0 | 0.00/5.0 |
| Host #134679310 | 1 | $2,107 | 0 | 0.00/5.0 |
Analyzing the strategies of top hosts, such as their property selection, pricing, and guest communication, can offer valuable lessons for optimizing your own Airbnb operations in Benin City.
Dive Deeper: Advanced Benin City STR Market Data (2025)
Ready to unlock more insights? AirROI provides access to advanced metrics and comprehensive Airbnb data for Benin City. Explore detailed analytics beyond this report to refine your investment strategy, optimize pricing, and maximize your vacation rental profits.
Explore Advanced MetricsBenin City Short-Term Rental Market Composition (2025): Property & Room Types
Room Type Distribution
Property Type Distribution
Market Composition Insights for Benin City
- The Benin City Airbnb market composition is heavily skewed towards Entire Home/Apt listings, which make up 78.9% of the 19 active rentals. This indicates strong guest preference for privacy and space.
- Looking at the property type distribution in Benin City, Apartment/Condo properties are the most common (57.9%), reflecting the local real estate landscape.
- Houses represent a significant 31.6% portion, catering likely to families or larger groups.
- The presence of 10.5% Hotel/Boutique listings indicates integration with traditional hospitality.
Benin City Airbnb Room Capacity Analysis (2025): Bedroom Distribution
Distribution of Listings by Number of Bedrooms
Room Capacity Insights for Benin City
- The dominant room capacity in Benin City is 2 bedrooms listings, making up 31.6% of the market. This suggests a strong demand for properties suitable for couples or solo travelers.
- Together, 2 bedrooms and 1 bedroom properties represent 63.2% of the active Airbnb listings in Benin City, indicating a high concentration in these sizes.
- A significant 36.9% of listings offer 3+ bedrooms, catering to larger groups and families seeking more space in Benin City.
Benin City Vacation Rental Guest Capacity Trends (2025)
Distribution of Listings by Guest Capacity
Guest Capacity Insights for Benin City
- The most common guest capacity trend in Benin City vacation rentals is listings accommodating 6 guests (26.3%). This suggests the primary traveler segment is likely larger groups.
- Properties designed for 6 guests and 4 guests dominate the Benin City STR market, accounting for 47.4% of listings.
- 47.4% of properties accommodate 6+ guests, serving the market segment for larger families or group travel in Benin City.
- On average, properties in Benin City are equipped to host 4.7 guests.
Benin City Airbnb Booking Patterns (2025): Available vs. Booked Days
Available Days Distribution
Booked Days Distribution
Booking Pattern Insights for Benin City
- The most common availability pattern in Benin City falls within the 271-366 days range, representing 100% of listings. This suggests many properties have significant open periods on their calendars.
- Approximately 100.0% of listings show high availability (181+ days open annually), indicating potential for increased bookings or specific owner usage patterns.
- For booked days, the 31-90 days range is most frequent in Benin City (94.7%), reflecting common guest stay durations or potential owner blocking patterns.
Benin City Airbnb Minimum Stay Requirements Analysis
Distribution of Listings by Minimum Night Requirement
1 Night
17 listings
89.5% of total
2 Nights
1 listings
5.3% of total
3 Nights
1 listings
5.3% of total
Key Insights
- The most prevalent minimum stay requirement in Benin City is 1 Night, adopted by 89.5% of listings. This highlights the market's preference for shorter, flexible bookings.
- A strong majority (94.8%) of the Benin City Airbnb data shows acceptance of very short stays (1-2 nights), indicating a dynamic, high-turnover market.
Recommendations
- Align with the market by considering a 1 Night minimum stay, as 89.5% of Benin City hosts use this setting.
- Adjust minimum nights based on seasonality – potentially shorter during low season and longer during peak demand periods in Benin City.
Benin City Airbnb Cancellation Policy Trends (2025)
Cancellation policy data is currently unavailable for Benin City.
Benin City STR Booking Lead Time Analysis (2025)
Average Booking Lead Time by Month
Booking Lead Time Insights for Benin City
- The overall average booking lead time for vacation rentals in Benin City is 43 days.
- Guests book furthest in advance for stays during December (average 97 days), likely coinciding with peak travel demand or local events.
- The shortest booking windows occur for stays in November (average 0 days), indicating more last-minute travel plans during this time.
- Seasonally, Winter (49 days avg.) sees the longest lead times, while Fall (0 days avg.) has the shortest, reflecting typical travel planning cycles.
Recommendations for Hosts
- Use the overall average lead time (43 days) as a baseline for your pricing and availability strategy in Benin City.
- For December stays, consider implementing length-of-stay discounts or slightly higher rates for bookings made less than 97 days out to capitalize on advance planning.
- During November, focus on last-minute booking availability and promotions, as guests book with very short notice (0 days avg.).
- Target marketing efforts for the Winter season well in advance (at least 49 days) to capture early planners.
- Monitor your own booking lead times against these Benin City averages to identify opportunities for dynamic pricing adjustments.
Popular & Essential Airbnb Amenities in Benin City (2025)
Amenity Prevalence
No amenities with partial availability (less than 100%) were found to display in the chart. All essential amenities might be present in all listings. Check insights below.
Amenity Insights for Benin City
- Essential amenities in Benin City that guests expect include: Smoke alarm, Dryer, Kitchen, Carbon monoxide alarm, Heating, Hot water, TV, Air conditioning, Wifi, Essentials. Lacking these (any) could significantly impact bookings.
Recommendations for Hosts
- Ensure your listing includes all essential amenities for Benin City: Smoke alarm, Dryer, Kitchen, Carbon monoxide alarm, Heating, Hot water, TV, Air conditioning, Wifi, Essentials.
- Highlight unique or less common amenities you offer (e.g., hot tub, dedicated workspace, EV charger) in your listing description and photos.
- Regularly check competitor amenities in Benin City to stay competitive.
Benin City Airbnb Guest Demographics & Profile Analysis (2025)
Guest Profile Summary for Benin City
- The typical guest profile for Airbnb in Benin City consists of predominantly international visitors (75%), with top international origins including Nigeria, typically belonging to the Pre-1950s (Silent Gen) group (50%), primarily speaking English or Spanish.
- Domestic travelers account for 25.0% of guests.
- Key international markets include France (50%) and Nigeria (25%).
- Top languages spoken are English (50%) followed by Spanish (25%).
- A significant demographic segment is the Post-2000s (Gen Z/Alpha) group, representing 50% of guests.
Recommendations for Hosts
- Focus marketing internationally, particularly towards travelers from Nigeria.
- Tailor amenities and listing descriptions to appeal to the dominant Pre-1950s (Silent Gen) demographic while maintaining broad appeal across age groups.
- Highlight unique local experiences or amenities relevant to the primary guest profile.
- Consider seasonal promotions aligned with peak travel times for key origin markets.