Hotels & Motels in Nigeria

Summary

Hotels & Motels in Nigeria industry profile provides top-line qualitative and quantitative summary information including: market size (value and volume 2013-17, and forecast to 2022). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.

Essential resource for top-line data and analysis covering the Nigeria hotels & motels market. Includes market size and segmentation data, textual and graphical analysis of market growth trends, leading companies and macroeconomic information.

Key Highlights

The hotels & motels industry value consists of all revenues generated by hotels, motels and other accommodation providers through the provision of accommodation and other services. The total value includes room revenue and non-room revenue, including casinos, shops and telecommunication services. The industry is segmented according to the origin of the revenues (leisure consumers and business consumers). Market volumes are classed as the number of hotels in a country or region. Any currency conversions included within this report have been calculated using constant 2017 annual average exchange rates.
The Nigerian hotels and motels industry is expected to generate total revenues of $5.4bn in 2018, representing a compound annual growth rate (CAGR) of 5.2% between 2014 and 2018
The number of establishments is forecast to increase with a CAGR of 5% between 2014 and 2018, to reach a total of 3,611.0 in 2018.
The number of foreign visitors has grown immensely in recent years in spite of security concerns. Demand from foreign tourism has been stimulated by declining prices in 2015 and 2016.

Scope

- Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the hotels & motels market in Nigeria
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the hotels & motels market in Nigeria
- Leading company profiles reveal details of key hotels & motels market players’ global operations and financial performance
- Add weight to presentations and pitches by understanding the future growth prospects of the Nigeria hotels & motels market with five year forecasts by both value and volume

Reasons to buy

- What was the size of the Nigeria hotels & motels market by value in 2017?
- What will be the size of the Nigeria hotels & motels market in 2022?
- What factors are affecting the strength of competition in the Nigeria hotels & motels market?
- How has the market performed over the last five years?
- What are the main segments that make up Nigeria's hotels & motels market?