WATCH THE VIDEO HERE Lagos, Nigeria, witnessed a staggering revenue spike during the Detty December period, with hotels, clubs, and recreational activities collectively generating over N100 billion, a new report has said. The report by MO Africa Company Limited highlights that Lagos hosted approximately 1.2 million tourists. Among those hosted, 60% were local visitors, driven by insecurity in the South East and the presence of President Bola Ahmed Tinubu (PBAT) in Lagos, which attracted tourists from Abuja. Hotels & Short-lets Hotel bookings contributed a whopping N54 billion ($36 million) from 15,000 confirmed stays. Eko Hotel topped the charts with N10.5 billion in revenue, while Albergo Hotel emerged as a promising new entrant. Short-let apartments were another significant contributor, bringing in N21 billion ($13 million) from 5,937 bookings at an average daily rate of N120,000. The top 15 lounges and nightclubs generated N4.32 billion ($2.7 million), with daily sales averaging N360 million. Adult entertainment also thrived, with the top three strip clubs earning N2.5 billion over eight major nights. The Oniru club led in revenue from spraying dancers, while the Ikate club recorded the highest by volume. Beaches & Resorts Event Centers & Car Rentals Miscellaneous Activities Between November 19 and December 26, Lagos’ Murtala Muhammed Airport processed approximately 550,000 inbound passengers, with 90% arriving for leisure. The top originating countries were the U.S., Canada, Italy, South Africa, and the U.K., with Lagos, Edo, Delta, Ondo, and Ogun states being top destinations. This economic windfall shows Lagos’ role as Nigeria’s cultural and tourism hub during the festive season.
Detty December : Lagos hotels, clubs, others generated over N100 billion – Report
