ADVERTISEMENT

Nigeria is Airbnb's fastest growing market in Africa, as citizens are now giving their homes up for strangers

Nigerians are now breaking the cultural barriers of being sceptical about having a total stranger in their house/apartment.

ADVERTISEMENT

Increase in millennial visitors to Nigeria was noted as the main factor driving this trend. Thus, making Nigeria the fifth largest market of Airbnb in Africa.

According to a report by the Californian based company, Airbnb, the annual guest numbers on the platform has doubled. It increased from 572,000 to 1.2 million with 100,000 active room listings for rent.

In Africa, the company saw a surge in usage and acceptance by room leasers and visitors across major metropolitan cities on the continent.

ADVERTISEMENT

South Africa has the largest market for the company in Africa, followed by Morocco and Kenya. In Kenya, there are 40,000 visitors using the platform with 5900 listings and revenue of about $3.9 million over the past year.

South Africa has about 43,400 active listings which has generated income of $86 million for the company. For the Maghreb nation, Morocco, there are about 21,000 active listings which has earned the company $22 million.

Nigeria has just 730 active listings on the paltofrm.

"If you look at Cape Town, there is a crunch during the holiday season with no hotel availability," says Gillian Saunders, head of travel, tourism and leisure at consultancy Grant Thornton South Africa. "Constraints on the hotel side are a big reason for Airbnb's success there."

"These travellers are seeking authentic, local experiences across the continent," said Airbnb spokesman Bernard D'heygere.

ADVERTISEMENT

The business of leasing room to strangers was stated as unfashionable in Africa due to custom and traditional related issues. However, the inflows of visitors to many tourist points in Southern and Eastern Africa created hostel booking supply gap which was filled by the services of Airbnb in the regions.

Tanzania also experienced a similar spur in use of the room rental services to increase in visitors to the Mount Kilimanjaro.

FOLLOW BUSINESS INSIDER AFRICA

Unblock notifications in browser settings.
ADVERTISEMENT

Recommended articles

From 1,500 to 52,000: The student boom reshaping UK immigration laws

From 1,500 to 52,000: The student boom reshaping UK immigration laws

Russia and China are much less sneaky than the West - DRC president

Russia and China are much less sneaky than the West - DRC president

10 countries in Africa with the worst press freedom in 2024

10 countries in Africa with the worst press freedom in 2024

FCMB Group sustains growth momentum, profit rises 192.6% in Q1 2024

FCMB Group sustains growth momentum, profit rises 192.6% in Q1 2024

DBNC 2024 impacts, sets the pace for entrepreneurs

DBNC 2024 impacts, sets the pace for entrepreneurs

Navigating success: Insights from a leading IT expert

Navigating success: Insights from a leading IT expert

US and French governments are lobbying Nigeria to host their military bases - report

US and French governments are lobbying Nigeria to host their military bases - report

Russian aid arrives in Niger amid growing bilateral ties

Russian aid arrives in Niger amid growing bilateral ties

Kentucky Derby betting sites 2024: Where to bet on the races online

Kentucky Derby betting sites 2024: Where to bet on the races online

ADVERTISEMENT