Lagos Hotel Room Rates Surge to N205,534 Amid Slow Supply Growth

Lagos hotel room rates have soared to a record N205,534, highlighting the rapid resurgence of corporate and business travel in Nigeria’s commercial hub, even as the development of new hotel rooms lags behind demand. Insights from Estate Intel’s Lagos Real Estate Development Pipeline Report 2025/2026 reveal that the city’s hotel demand is outpacing the availability […]