Nigeria Travel and Tourism Market Summary and Forecast
Nigeria Travel and Tourism Market Summary and Forecast
Summary
Travel & Tourism in Nigeria industry profile provides top-line qualitative and quantitative summary information including: market share, market size (value and volume 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
Summary
Travel & Tourism in Nigeria industry profile provides top-line qualitative and quantitative summary information including: market share, market size (value and volume 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 & tourism industry consists of revenues generated by passenger airlines, passenger rail, hotels & motels, foodservice, travel intermediaries, and casinos & gaming.
- The Nigerian travel & tourism industry had total revenues of $13 billion in 2022, representing a compound annual growth rate (CAGR) of 2.1% between 2017 and 2022.
- The travel intermediaries segment accounted for the industry's largest proportion in 2022, with total revenues of $5.9 billion, equivalent to 45.1% 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 cultures that help drive the country’s travel & tourism industry.
- 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 by both value and volume
- 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?
1 EXECUTIVE SUMMARY
1.1. 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?
7.2. What strategies do the leading players follow?
7.3. What are the strengths of the leading players?
8 COMPANY PROFILES
8.1. Marriott International Inc
8.2. Booking Holdings Inc
8.3. Arik Air Ltd
9 MACROECONOMIC INDICATORS
9.1. Country data
10 APPENDIX
10.1. Methodology
10.2. Industry associations
10.3. Related MarketLine research
10.4. About MarketLine
1.1. 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?
7.2. What strategies do the leading players follow?
7.3. What are the strengths of the leading players?
8 COMPANY PROFILES
8.1. Marriott International Inc
8.2. Booking Holdings Inc
8.3. Arik Air Ltd
9 MACROECONOMIC INDICATORS
9.1. Country data
10 APPENDIX
10.1. Methodology
10.2. Industry associations
10.3. Related MarketLine research
10.4. About MarketLine
LIST OF TABLES
Table 1: Nigeria travel & tourism industry value: $ million, 2017–22
Table 2: Nigeria travel & tourism industry category segmentation: % share, by value, 2017–2022
Table 3: Nigeria travel & tourism industry category segmentation: $ million, 2017-2022
Table 4: Nigeria travel & tourism industry geography segmentation: $ million, 2022
Table 5: Nigeria travel & tourism industry value forecast: $ million, 2022–27
Table 6: Marriott International Inc: key facts
Table 7: Marriott International Inc: Annual Financial Ratios
Table 8: Marriott International Inc: Key Employees
Table 9: Marriott International Inc: Key Employees Continued
Table 10: Marriott International Inc: Key Employees Continued
Table 11: Booking Holdings Inc: key facts
Table 12: Booking Holdings Inc: Annual Financial Ratios
Table 13: Booking Holdings Inc: Key Employees
Table 14: Arik Air Ltd: key facts
Table 15: Arik Air Ltd: Key Employees
Table 16: Nigeria size of population (million), 2018–22
Table 17: Nigeria gdp (constant 2005 prices, $ billion), 2018–22
Table 18: Nigeria gdp (current prices, $ billion), 2018–22
Table 19: Nigeria inflation, 2018–22
Table 20: Nigeria consumer price index (absolute), 2018–22
Table 21: Nigeria exchange rate, 2018–22
Table 1: Nigeria travel & tourism industry value: $ million, 2017–22
Table 2: Nigeria travel & tourism industry category segmentation: % share, by value, 2017–2022
Table 3: Nigeria travel & tourism industry category segmentation: $ million, 2017-2022
Table 4: Nigeria travel & tourism industry geography segmentation: $ million, 2022
Table 5: Nigeria travel & tourism industry value forecast: $ million, 2022–27
Table 6: Marriott International Inc: key facts
Table 7: Marriott International Inc: Annual Financial Ratios
Table 8: Marriott International Inc: Key Employees
Table 9: Marriott International Inc: Key Employees Continued
Table 10: Marriott International Inc: Key Employees Continued
Table 11: Booking Holdings Inc: key facts
Table 12: Booking Holdings Inc: Annual Financial Ratios
Table 13: Booking Holdings Inc: Key Employees
Table 14: Arik Air Ltd: key facts
Table 15: Arik Air Ltd: Key Employees
Table 16: Nigeria size of population (million), 2018–22
Table 17: Nigeria gdp (constant 2005 prices, $ billion), 2018–22
Table 18: Nigeria gdp (current prices, $ billion), 2018–22
Table 19: Nigeria inflation, 2018–22
Table 20: Nigeria consumer price index (absolute), 2018–22
Table 21: Nigeria exchange rate, 2018–22
LIST OF FIGURES
Figure 1: Nigeria travel & tourism industry value: $ million, 2017–22
Figure 2: Nigeria travel & tourism industry category segmentation: $ million, 2017-2022
Figure 3: Nigeria travel & tourism industry geography segmentation: % share, by value, 2022
Figure 4: Nigeria travel & tourism industry value forecast: $ million, 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
Figure 1: Nigeria travel & tourism industry value: $ million, 2017–22
Figure 2: Nigeria travel & tourism industry category segmentation: $ million, 2017-2022
Figure 3: Nigeria travel & tourism industry geography segmentation: % share, by value, 2022
Figure 4: Nigeria travel & tourism industry value forecast: $ million, 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
