Hotels & Motels in Nigeria industry profile provides top-line qualitative and quantitative summary information including: 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 hotels & motels industry consists of establishments that provide paid lodging and full guest services, typically with a continuous staff presence. In the case of motels, this includes off-street parking facilities, but not necessarily meal services. The industry is detailed in both value and volume terms.
- The Nigerian hotels & motels industry had total revenues of $3.9 billion in 2022, representing a compound annual growth rate (CAGR) of 6.8% between 2017 and 2022.
- Industry consumption volume increased with a CAGR of 2.8% between 2017 and 2022, to reach a total of 3,126.0 establishments in 2022.
- The demand for hotels & motels in Nigeria is driven by the rising middle-class population and increasing consumer purchasing power and expenditure. For instance, according to the Nigerian National Bureau of Statistics, the national disposable income of Nigeria witnessed a growth of 1.08% and 4.98% in Q3 and Q4 2022, respectively.
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
Reasons to Buy
- What was the size of the Nigeria hotels & motels market by value in 2022?
- What will be the size of the Nigeria hotels & motels market in 2027?
- 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?
Table of Contents
1 Executive Summary
2 Market Overview
3 Market Data
4 Market Segmentation
5 Market Outlook
6 Five Forces Analysis
7 Competitive Landscape
8 Company Profiles
9 Macroeconomic Indicators
10 Appendix
List of Tables
List of Figures
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Marriott International Inc
- Accor SA
- Radisson Hotel Group
- Best Western International Inc
