Lagos Generates N111.5 Billion in “Detty” December
Lagos State’s tourism and entertainment sector achieved a record-breaking revenue of N111.5 billion in December 2024, according to a report by MO Africa Company Limited. The festive "Detty December" period attracted approximately 1.2 million visitors, including international and domestic tourists. Hotel bookings contributed N54 billion from 15,000 stays, while short-let apartments earned N21 billion from nearly 6,000 reservations, with nightly rates averaging N120,000.
Nightlife also played a significant role, with the top 15 lounges and nightclubs generating an impressive N4.32 billion during the month, averaging N360 million daily. Recreational activities at beaches and resorts contributed 70% of N4.5 billion in leisure-related earnings, while event centres hosted 1,175 bookings, adding N1.2 billion. Luxury car rentals, with daily rates ranging from N200,000 to N2 million, earned another N1.5 billion. The report attributed much of the boom to returning Nigerians living abroad, who accounted for nearly 90% of the 550,000 passengers arriving at Murtala Muhammed International Airport during the holiday season.
Source: Premium Times