Falomo Airbnb Market Analysis 2025: Short Term Rental Data & Vacation Rental Statistics in Lagos State, Nigeria
Is Airbnb profitable in Falomo in 2025? Explore comprehensive Airbnb analytics for Falomo, Lagos State, Nigeria to uncover income potential. This 2025 STR market report for Falomo, based on AirROI data from June 2024 to May 2025, reveals key trends in the niche market of 114 active listings.
Whether you're considering an Airbnb investment in Falomo, optimizing your existing vacation rental, or exploring rental arbitrage opportunities, understanding the Falomo 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 Falomo Airbnb Performance Metrics Overview
Monthly Airbnb Revenue Variations & Income Potential in Falomo (2025)
Understanding the monthly revenue variations for Airbnb listings in Falomo 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 Falomo is typically December, while June often presents the lowest earnings, highlighting opportunities for strategic pricing adjustments during shoulder and low seasons. Explore the typical Airbnb income in Falomo across different performance tiers:
- Best-in-class properties (Top 10%) achieve $3,280+ monthly, often utilizing dynamic pricing and superior guest experiences.
- Strong performing properties (Top 25%) earn $2,001 or more, indicating effective management and desirable locations/amenities.
- Typical properties (Median) generate around $1,058 per month, representing the average market performance.
- Entry-level properties (Bottom 25%) see earnings around $511, often with potential for optimization.
Average Monthly Airbnb Earnings Trend in Falomo
Falomo Airbnb Occupancy Rate Trends (2025)
Maximize your bookings by understanding the Falomo STR occupancy trends. Seasonal demand shifts significantly influence how often properties are booked. Typically, Decembersees the highest demand (peak season occupancy), while June 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 Falomo:
- Best-in-class properties (Top 10%) achieve 62%+ occupancy, indicating high desirability and potentially optimized availability.
- Strong performing properties (Top 25%) maintain 41% or higher occupancy, suggesting good market fit and guest satisfaction.
- Typical properties (Median) have an occupancy rate around 24%.
- Entry-level properties (Bottom 25%) average 13% occupancy, potentially facing higher vacancy.
Average Monthly Occupancy Rate Trend in Falomo
Average Daily Rate (ADR) Airbnb Trends in Falomo (2025)
Effective short term rental pricing strategy in Falomo involves understanding monthly ADR fluctuations. The Average Daily Rate (ADR) for Airbnb in Falomo typically peaks in December and dips lowest during February. 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 $339+ per night, often due to premium features or locations.
- Strong performing properties (Top 25%) achieve nightly rates of $238 or more.
- Typical properties (Median) charge around $153 per night.
- Entry-level properties (Bottom 25%) earn around $92 per night.
Average Daily Rate (ADR) Trend by Month in Falomo
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Airbnb Seasonality Analysis & Trends in Falomo (2025)
Peak Season (December, October, August)
- Revenue averages $1,947 per month
- Occupancy rates average 37.6%
- Daily rates average $186
Shoulder Season
- Revenue averages $1,510 per month
- Occupancy maintains around 31.0%
- Daily rates hold near $177
Low Season (May, June, September)
- Revenue drops to average $934 per month
- Occupancy decreases to average 20.0%
- Daily rates adjust to average $183
Seasonality Insights for Falomo
- The Airbnb seasonality in Falomo 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 Falomo's highest earning potential, with monthly revenues capable of climbing to $2,279, occupancy reaching a high of 46.9%, and ADRs peaking at $188.
- 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 $677, occupancy could drop to 17.2%, and ADRs may adjust down to $170.
- 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 Falomo.
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 Falomo seasonality benchmarks and adjust your pricing and availability strategy accordingly.
Best Areas for Airbnb Investment in Falomo (2025)
Exploring the top neighborhoods for short-term rentals in Falomo? 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 |
|---|---|---|
| Falomo | Central location in Lagos with proximity to major business districts and tourist attractions. Ideal for both business travelers and tourists seeking convenience and accessibility. | Lekki-Ikoyi Link Bridge, Nike Art Gallery, Falomo Shopping Centre, Ikoyi Lagos, Lagos Lagoon, Bespoke Centre |
| Victoria Island | Upscale area known for its vibrant nightlife, luxury hotels, and proximity to business hubs. Attracts both leisure and business travelers seeking high-end experiences. | Tarkwa Bay Beach, Eko Atlantic, Terra Kulture, Victoria Island Nightlife, Lekki Leisure Lake, Nike Art Gallery |
| Ikoyi | Luxurious residential area with upscale dining and shopping. Popular among wealthy travelers and expatriates looking for premium accommodation options. | Ikoyi Club 1938, Lekki-Ikoyi Link Bridge, National Museum Lagos, Atlas Restaurant, Landmark Beach |
| Lekki Phase 1 | Fast-growing neighborhood with modern residential developments and easy access to beaches. Attractive for tourists seeking a relaxed yet vibrant environment. | Lekki Conservation Centre, Elegushi Beach, Landmark Centre, Lekki Market, Lekki Leisure Lake |
| Marina | Business district with a mix of commercial and residential spaces. Convenient for business travelers and proximity to financial institutions. | Nigerian National Museum, Lagos Ocean Beach, Marina Road, Eko Atlantic, Tarkwa Bay Beach |
| Yaba | Tech hub and educational center. Young professionals and students frequent the area, making it appealing for budget travelers and digital nomads. | Yaba College of Technology, National Arts Theatre, Koolshade Cafe, Jibowu Shopping Complex, Cultural Centre |
| Surulere | Vibrant neighborhood with local markets and cultural attractions. Offers an authentic Lagos experience for budget-conscious travelers. | Stadium Complex, National Stadium, Surulere Market, Bode Thomas Street, Cultural Centre |
| Ojodu Berger | Emerging area with residential and commercial developments. Less touristy but offers unique local experiences for adventurous travelers. | Ojodu Market, Abuja-Lagos Expressway, Epe T Junction, Nature Park, Berger Bus Stop |
Understanding Airbnb License Requirements & STR Laws in Falomo (2025)
While Falomo, Lagos 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 Falomo to ensure full compliance before hosting.
(Source: AirROI data, 2025, based on 10% licensed listings)
Top Performing Airbnb Properties in Falomo (2025)
Benchmark your potential! Explore examples of top-performing Airbnb properties in Falomobased on Trailing Twelve Month (TTM) revenue. Analyze their characteristics, revenue, occupancy rate, and ADR to understand what drives success in this market.
George Residence – 4BR in Ikoyi | Great for Groups
Entire Place • 4 bedrooms
George Residence – Spacious Private Room in Ikoyi
Entire Place • 2 bedrooms
Casahomes Ikoyi 3bed duplex
Entire Place • 3 bedrooms
Luxury living/banana island/Ikoyi with a pool
Entire Place • 3 bedrooms
Luxe 3BED flat (Ikoyi, Lagos)pool, gym & 24/7power
Entire Place • 3 bedrooms
3 bedroom water view apartment in Lagos
Entire Place • 3 bedrooms
Note: Performance varies based on location, size, amenities, seasonality, and management quality. Data reflects the past 12 months.
Top Performing Airbnb Hosts in Falomo (2025)
Learn from the best! This table showcases top-performing Airbnb hosts in Falomo 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 |
|---|---|---|---|---|
| George | 16 | $289,706 | 17 | 4.45/5.0 |
| Adeyinka | 6 | $68,238 | 25 | 5.00/5.0 |
| Lution | 2 | $38,237 | 13 | 4.64/5.0 |
| Simcapitalhomes | 1 | $36,951 | 21 | 4.71/5.0 |
| Rufina | 2 | $33,484 | 13 | 4.82/5.0 |
| Lanre | 2 | $27,717 | 4 | 5.00/5.0 |
| Cross | 7 | $26,440 | 32 | 4.93/5.0 |
| One Boulevard | 1 | $25,804 | 29 | 4.86/5.0 |
| Ninety-Nine | 2 | $25,599 | 16 | 4.51/5.0 |
| Oyinlola | 2 | $21,756 | 26 | 4.88/5.0 |
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 Falomo.
Dive Deeper: Advanced Falomo STR Market Data (2025)
Ready to unlock more insights? AirROI provides access to advanced metrics and comprehensive Airbnb data for Falomo. Explore detailed analytics beyond this report to refine your investment strategy, optimize pricing, and maximize your vacation rental profits.
Explore Advanced MetricsFalomo Short-Term Rental Market Composition (2025): Property & Room Types
Room Type Distribution
Property Type Distribution
Market Composition Insights for Falomo
- The Falomo Airbnb market composition is heavily skewed towards Entire Home/Apt listings, which make up 78.1% of the 114 active rentals. This indicates strong guest preference for privacy and space.
- Looking at the property type distribution in Falomo, Apartment/Condo properties are the most common (84.2%), reflecting the local real estate landscape.
- The presence of 11.4% Hotel/Boutique listings indicates integration with traditional hospitality.
- Smaller segments like house (combined 4.4%) offer potential for unique stay experiences.
Falomo Airbnb Room Capacity Analysis (2025): Bedroom Distribution
Distribution of Listings by Number of Bedrooms
Room Capacity Insights for Falomo
- The dominant room capacity in Falomo is 1 bedroom listings, making up 36% of the market. This suggests a strong demand for properties suitable for couples or solo travelers.
- Together, 1 bedroom and 3 bedrooms properties represent 67.6% of the active Airbnb listings in Falomo, indicating a high concentration in these sizes.
- A significant 41.2% of listings offer 3+ bedrooms, catering to larger groups and families seeking more space in Falomo.
Falomo Vacation Rental Guest Capacity Trends (2025)
Distribution of Listings by Guest Capacity
Guest Capacity Insights for Falomo
- The most common guest capacity trend in Falomo vacation rentals is listings accommodating 2 guests (33.3%). This suggests the primary traveler segment is likely couples or solo travelers.
- Properties designed for 2 guests and 6 guests dominate the Falomo STR market, accounting for 61.4% of listings.
- 40.3% of properties accommodate 6+ guests, serving the market segment for larger families or group travel in Falomo.
- On average, properties in Falomo are equipped to host 4.1 guests.
Falomo Airbnb Booking Patterns (2025): Available vs. Booked Days
Available Days Distribution
Booked Days Distribution
Booking Pattern Insights for Falomo
- The most common availability pattern in Falomo falls within the 271-366 days range, representing 82.5% of listings. This suggests many properties have significant open periods on their calendars.
- Approximately 98.3% of listings show high availability (181+ days open annually), indicating potential for increased bookings or specific owner usage patterns.
- For booked days, the 1-30 days range is most frequent in Falomo (41.2%), reflecting common guest stay durations or potential owner blocking patterns.
- A notable 1.8% of properties secure long booking periods (181+ days booked per year), highlighting successful long-term rental strategies or significant owner usage.
Falomo Airbnb Minimum Stay Requirements Analysis
Distribution of Listings by Minimum Night Requirement
1 Night
52 listings
46.8% of total
2 Nights
29 listings
26.1% of total
3 Nights
9 listings
8.1% of total
4-6 Nights
6 listings
5.4% of total
7-29 Nights
3 listings
2.7% of total
30+ Nights
12 listings
10.8% of total
Key Insights
- The most prevalent minimum stay requirement in Falomo is 1 Night, adopted by 46.8% of listings. This highlights the market's preference for shorter, flexible bookings.
- A strong majority (72.9%) of the Falomo Airbnb data shows acceptance of very short stays (1-2 nights), indicating a dynamic, high-turnover market.
- A significant segment (10.8%) caters to monthly stays (30+ nights) in Falomo, pointing to opportunities in the extended-stay market.
Recommendations
- Align with the market by considering a 1 Night minimum stay, as 46.8% of Falomo hosts use this setting.
- Explore offering discounts for stays of 30+ nights to attract the 10.8% of the market seeking extended stays.
- Adjust minimum nights based on seasonality – potentially shorter during low season and longer during peak demand periods in Falomo.
Falomo Airbnb Cancellation Policy Trends Analysis (2025)
Flexible
46 listings
57.5% of total
Moderate
19 listings
23.8% of total
Firm
8 listings
10% of total
Strict
7 listings
8.8% of total
Cancellation Policy Insights for Falomo
- The prevailing Airbnb cancellation policy trend in Falomo is Flexible, used by 57.5% of listings.
- The market strongly favors guest-friendly terms, with 81.3% of listings offering Flexible or Moderate policies. This suggests guests in Falomo may expect booking flexibility.
- Strict cancellation policies are quite rare (8.8%), potentially making listings with this policy less competitive unless justified by high demand or property type.
Recommendations for Hosts
- Consider adopting a Flexible policy to align with the 57.5% market standard in Falomo.
- Given the high prevalence of Flexible policies (57.5%), offering this can enhance booking appeal, especially during shoulder seasons.
- Using a Strict policy might deter some guests, as only 8.8% of listings use it. Evaluate if potential revenue protection outweighs possible lower booking rates.
- Regularly review your cancellation policy against competitors and market demand shifts in Falomo.
Falomo STR Booking Lead Time Analysis (2025)
Average Booking Lead Time by Month
Booking Lead Time Insights for Falomo
- The overall average booking lead time for vacation rentals in Falomo is 24 days.
- Guests book furthest in advance for stays during December (average 43 days), likely coinciding with peak travel demand or local events.
- The shortest booking windows occur for stays in May (average 13 days), indicating more last-minute travel plans during this time.
- Seasonally, Winter (29 days avg.) sees the longest lead times, while Summer (16 days avg.) has the shortest, reflecting typical travel planning cycles.
Recommendations for Hosts
- Use the overall average lead time (24 days) as a baseline for your pricing and availability strategy in Falomo.
- For December stays, consider implementing length-of-stay discounts or slightly higher rates for bookings made less than 43 days out to capitalize on advance planning.
- During May, focus on last-minute booking availability and promotions, as guests book with very short notice (13 days avg.).
- Target marketing efforts for the Winter season well in advance (at least 29 days) to capture early planners.
- Monitor your own booking lead times against these Falomo averages to identify opportunities for dynamic pricing adjustments.
Popular & Essential Airbnb Amenities in Falomo (2025)
Amenity Prevalence
Amenity Insights for Falomo
- Essential amenities in Falomo that guests expect include: TV, Air conditioning, Wifi, Free parking on premises, Washer, Kitchen. Lacking these (any) could significantly impact bookings.
- Popular amenities like Fire extinguisher, Hot water, Smoke alarm are common but not universal. Offering these can provide a competitive edge.
Recommendations for Hosts
- Ensure your listing includes all essential amenities for Falomo: TV, Air conditioning, Wifi, Free parking on premises, Washer, Kitchen.
- Prioritize adding missing essentials: Wifi, Free parking on premises, Washer, Kitchen.
- Consider adding popular differentiators like Fire extinguisher or Hot water to increase appeal.
- 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 Falomo to stay competitive.
Falomo Airbnb Guest Demographics & Profile Analysis (2025)
Guest Profile Summary for Falomo
- The typical guest profile for Airbnb in Falomo consists of predominantly international visitors (85%), with top international origins including United Kingdom, typically belonging to the Post-2000s (Gen Z/Alpha) group (50%), primarily speaking English or French.
- Domestic travelers account for 15.2% of guests.
- Key international markets include United States (41.5%) and United Kingdom (15.2%).
- Top languages spoken are English (66.5%) followed by French (12.6%).
- 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 United Kingdom.
- Tailor amenities and listing descriptions to appeal to the dominant Post-2000s (Gen Z/Alpha) demographic (e.g., highlight fast WiFi, smart home features, local guides).
- Highlight unique local experiences or amenities relevant to the primary guest profile.
- Consider seasonal promotions aligned with peak travel times for key origin markets.
Nearby Short-Term Rental Market Comparison
How does the Falomo Airbnb market stack up against its neighbors? Compare key performance metrics like average monthly revenue, ADR, and occupancy rates in surrounding areas to understand the broader regional STR landscape.
| Market | Active Properties | Monthly Revenue | Daily Rate | Avg. Occupancy |
|---|---|---|---|---|
| Ibeju | 19 | $873 | $112.27 | 32% |
| Eko Atlantic | 14 | $764 | $199.34 | 25% |
| Djako Daho | 46 | $476 | $53.00 | 40% |
| Moba | 219 | $424 | $116.23 | 29% |
| Ajah | 14 | $422 | $93.53 | 36% |
| Ojomu | 81 | $418 | $94.95 | 29% |
| Ikate | 190 | $407 | $103.18 | 29% |
| Animashawun | 13 | $382 | $53.62 | 33% |
| Lekki | 80 | $369 | $122.34 | 31% |
| Ikeja | 228 | $358 | $78.07 | 28% |