2020 has been a devastating year for the Nigerian economy, especially the hospitality industry, with hundreds of people laid-off and salaries of some workers slashed.
Interestingly, as the big-wigs in the industry continue to grapple with the economic impact of the Covid-19 pandemic on their patronage, smaller boutique hotels (short stay apartments) are witnessing a boom during the Yuletide season.
READ: Hotels in Nigeria are on the verge of collapse
While the average price of 1-bedroom flat short-let in Lagos is N35,000 per day, the most expensive flat costs N80,000 per day.
Their location, especially in Lagos is also an attraction to their patrons, with range of choices from Ikeja, the state capital; high-class areas like Magodo; Chevron Drive, Lekki Phase 1; Oniru, Victoria Island; to Surulere areas of the nation’s commercial hub.
