Travel & Tourism in Nigeria industry profile provides top-line qualitative and quantitative summary information including: market share, market size (value 2017-22, and forecast to 2027). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
Key Highlights
- The travel and tourism industry consists of revenues generated by passenger airlines, passenger rail, foodservice, hotels and motels, travel intermediaries and casinos and gaming market.
- The Nigerian travel and tourism industry had total revenues of $18.7 billion in 2022, representing a compound annual growth rate (CAGR) of 0.1% between 2017 and 2022.
- Food service was the industry's largest segment in 2022, with total revenues of $6.7 billion, equivalent to 36.1% of the industry's overall value.
- Nigeria offers various tourist attractions such as wildlife, coastal beaches, historical monuments, UNESCO approved heritage centers, mountains, and diverse culture that help in driving the country’s hotels & motels industry.
Scope
- Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the travel & tourism market in Nigeria
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the travel & tourism market in Nigeria
- Leading company profiles reveal details of key travel & tourism market players’ global operations and financial performance
- Add weight to presentations and pitches by understanding the future growth prospects of the Nigeria travel & tourism market with five year forecasts
Reasons to Buy
- What was the size of the Nigeria travel & tourism market by value in 2022?
- What will be the size of the Nigeria travel & tourism market in 2027?
- What factors are affecting the strength of competition in the Nigeria travel & tourism market?
- How has the market performed over the last five years?
- Who are the top competitors in Nigeria's travel & tourism market?
Table of Contents
1 Executive Summary1.1. Market value
1.2. Market value forecast
1.3. Category segmentation
1.4. Geography segmentation
1.5. Market rivalry
1.6. Competitive landscape
2 Market Overview
2.1. Market definition
2.2. Market analysis
3 Market Data
3.1. Market value
4 Market Segmentation
4.1. Category segmentation
4.2. Geography segmentation
5 Market Outlook
5.1. Market value forecast
6 Five Forces Analysis
6.1. Summary
6.2. Buyer power
6.3. Supplier power
6.4. New entrants
6.5. Threat of substitutes
6.6. Degree of rivalry
7 Competitive Landscape
7.1. Who are the leading players in the foodservice industry?
7.2. What strategies do these leading players follow?
7.3. How is technology being used by these leading companies?
7.4. Who are the leading players in the hotels and motels industry?
7.5. What strategies do the leading players follow?
7.6. What are the strengths of leading players?
7.7. How is technology being used by these leading companies?
7.8. Are there any threats to these leading players?
7.9. What have been the most recent developments in the hotels and motels industry?
8 Company Profiles
8.1. UAC of Nigeria PLC
8.2. Expedia Group Inc
8.3. Marriott International Inc
8.4. Best Western International Inc
8.5. Radisson Hotel Group
8.6. Booking Holdings Inc
9 Macroeconomic Indicators
9.1. Country data
10 Appendix
10.1. Methodology
10.2. Industry associations
10.3. Related Research
10.4. About the Publisher
List of Tables
Table 1: Nigeria travel & tourism industry value: $ billion, 2017-22(e)
Table 2: Nigeria travel & tourism industry category segmentation: % share, by value, 2017-2022(e)
Table 3: Nigeria travel & tourism industry category segmentation: $ billion, 2017-2022
Table 4: Nigeria travel & tourism industry geography segmentation: $ billion, 2022(e)
Table 5: Nigeria travel & tourism industry value forecast: $ billion, 2022-27
Table 6: UAC of Nigeria PLC: key facts
Table 7: UAC of Nigeria PLC: Annual Financial Ratios
Table 8: UAC of Nigeria PLC: Key Employees
Table 9: CRG Holdings, LLC : key facts
Table 10: Expedia Group Inc: key facts
Table 11: Expedia Group Inc: Annual Financial Ratios
Table 12: Expedia Group Inc: Key Employees
Table 13: Expedia Group Inc: Key Employees Continued
Table 14: Marriott International Inc: key facts
Table 15: Marriott International Inc: Annual Financial Ratios
Table 16: Marriott International Inc: Key Employees
Table 17: Marriott International Inc: Key Employees Continued
Table 18: Marriott International Inc: Key Employees Continued
Table 19: Marriott International Inc: Key Employees Continued
Table 20: Best Western International Inc: key facts
Table 21: Best Western International Inc: Key Employees
Table 22: Radisson Hotel Group: key facts
Table 23: Radisson Hotel Group: Key Employees
Table 24: Radisson Hotel Group: Key Employees Continued
Table 25: Booking Holdings Inc: key facts
Table 26: Booking Holdings Inc: Annual Financial Ratios
Table 27: Booking Holdings Inc: Key Employees
Table 28: Nigeria size of population (million), 2018-22
Table 29: Nigeria gdp (constant 2005 prices, $ billion), 2018-22
Table 30: Nigeria gdp (current prices, $ billion), 2018-22
Table 31: Nigeria inflation, 2018-22
Table 32: Nigeria consumer price index (absolute), 2018-22
Table 33: Nigeria exchange rate, 2018-22
List of Figures
Figure 1: Nigeria travel & tourism industry value: $ billion, 2017-22(e)
Figure 2: Nigeria travel & tourism industry category segmentation: $ billion, 2017-2022
Figure 3: Nigeria travel & tourism industry geography segmentation: % share, by value, 2022(e)
Figure 4: Nigeria travel & tourism industry value forecast: $ billion, 2022-27
Figure 5: Forces driving competition in the travel & tourism industry in Nigeria, 2022
Figure 6: Drivers of buyer power in the travel & tourism industry in Nigeria, 2022
Figure 7: Drivers of supplier power in the travel & tourism industry in Nigeria, 2022
Figure 8: Factors influencing the likelihood of new entrants in the travel & tourism industry in Nigeria, 2022
Figure 9: Factors influencing the threat of substitutes in the travel & tourism industry in Nigeria, 2022
Figure 10: Drivers of degree of rivalry in the travel & tourism industry in Nigeria, 2022
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- UAC of Nigeria PLC
- Expedia Group Inc
- Marriott International Inc
- Best Western International Inc
- Radisson Hotel Group
- Booking Holdings Inc
