Does Airbnb Work in Nigeria? Yes. Airbnb which stands for Air Bed and Breakfast started in 2007 but was fully into business in 2008. Two roommates Joe Gebbia and Brian Chesky needed some cash and fortunately, they took advantage of a San Francisco design conference.
People had booked all of the local hotels nearby and seeing an opportunity to make a few bucks, decided to buy three air mattresses and rent them out. They started a website called AirBedandBreakfast.com and charged guests $80 per night to sleep on the air mattresses. They then took their idea to a bigger scale, eventually becoming the company we know today.
The Airbnb website operates as an online marketplace for people who are looking for accommodations. Airbnb connects travellers with Airbnb hosts who want to rent out their homes or other property. For guests, Airbnb gives affordable temporary housing options and sometimes fun activities. For hosts, Airbnb is a way to earn extra money.
How many hosts does Airbnb have worldwide in 2022?
According to Stratos
- There are 2.9 million hosts on Airbnb worldwide in 2021.
- 14,000 new hosts are joining the platform each month in 2021.
- There are over 7 million listings on Airbnb worldwide in 2021.
- There are 100,000 cities with active Airbnb listings in 2021.
- There are 220 countries and regions with active Airbnb listings in 2021.
Does Airbnb Work in Nigeria? Yes. Nigeria is the 5th largest market but showed the fastest growth of 325% over the past year with effective locations at Ibadan, Abuja and places in Lagos like Lekki County Apartments, Mixta Apartments, Urban Shelter Apartments, Lekki Gardens Apartments and many more as high yield accommodations.
In fact, Lagos State was ranked among the eight fastest-growing markets in the world. Lagos-is-one-of-Airbnb’s-fastest-growing-markets. The growth trajectory is reflected in the increased listings of Airbnbs in the city.
How Airbnb operates in Nigeria
The Airbnb website operates as an online marketplace for people who are looking for accommodations. Airbnb connects travellers with Nigeria Airbnb hosts who want to rent out their homes or other property. For guests, Airbnb gives affordable temporary housing options and sometimes fun activities. For Nigerian hosts, Airbnb is a way to earn extra money.
Hosts are the people who own property and rent out their available space. They create a listing for their property on Airbnb, add property details and set their rent, check-in and check-out times, etc. Hosts can accept or reject a booking after reading the reviews of the guest or after going through the guest’s social profiles. To help set expectations, a host can add “house rules” that guests must agree to before booking.
If a guest breaks a rule after they book, the reservation can be cancelled without penalty. The host gets to choose nightly prices and Airbnb’s pricing tools help with that. The hosts that stand out are the ones that go the extra mile to provide their guests with a great experience. To be a successful Airbnb host, one has to be a reasonably good marketer, excellent at customer service, passionate about one’s home town and willing to share it with others.