Hotels & Motels in Nigeria

October 2024 | 47 pages | ID: H4767FD5054EN
MarketLine

Abstracts

Hotels & Motels in Nigeria

Summary

Hotels & Motels in Nigeria industry profile provides top-line qualitative and quantitative summary information including: market share, market size (value 2018-23, and forecast to 2028). 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 recorded revenues of $5.8 billion in 2023, representing a compound annual growth rate (CAGR) of 7.1% between 2018 and 2023.
• The number of establishments in the industry grew at a CAGR of 2.2% between 2018 and 2023, reaching a total of 3,139 in 2023.
• The growing travel and tourism expenditure is a key driver of revenue in the hotels & motels industry. According to the World Travel & Tourism Council (WTTC), the total travel and tourism spending in Nigeria reached $7.3 billion in 2023, reflecting a 15.8% increase from 2022.

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 2023?
• What will be the size of the Nigeria hotels & motels market in 2028?
• What factors are affecting the strength of competition in the Nigeria hotels & motels market?
• How has the market performed over the last five years?
• Who are the top competitors in Nigeria's hotels & motels market?

Contents

1 EXECUTIVE SUMMARY

1.1. Market value
1.2. Market value forecast
1.3. Market volume
1.4. Market volume forecast
1.5. Category segmentation
1.6. Geography segmentation
1.7. Market rivalry
1.8. Competitive landscape

2 MARKET OVERVIEW

2.1. Market definition
2.2. Market analysis

3 MARKET DATA

3.1. Market value
3.2. Market volume

4 MARKET SEGMENTATION

4.1. Category segmentation
4.2. Geography segmentation

5 MARKET OUTLOOK

5.1. Market value forecast
5.2. Market volume 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 are the strengths and strategies of the leading players?

8 COMPANY PROFILES

8.1. Accor SA
8.2. Marriott International Inc
8.3. Ikeja Hotel plc
8.4. Capital Hotels Plc

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

LIST OF TABLES

Table 1: Nigeria hotels & motels industry value: $ million, 2018-23
Table 2: Nigeria hotels & motels industry volume: number of establishments, 2018-23
Table 3: Nigeria hotels & motels industry category segmentation: % share, by value, 2018-23
Table 4: Nigeria hotels & motels industry category segmentation: $ million, 2018-23
Table 5: Nigeria hotels & motels industry geography segmentation: $ million, 2023
Table 6: Nigeria hotels & motels industry value forecast: $ million, 2023-28
Table 7: Nigeria hotels & motels industry volume forecast: number of establishments, 2023-28
Table 8: Accor SA: Key Facts
Table 9: Accor SA: Annual Financial Ratios
Table 10: Accor SA: Key Employees
Table 11: Accor SA: Key Employees Continued
Table 12: Marriott International Inc: Key Facts
Table 13: Marriott International Inc: Annual Financial Ratios
Table 14: Marriott International Inc: Key Employees
Table 15: Marriott International Inc: Key Employees Continued
Table 16: Marriott International Inc: Key Employees Continued
Table 17: Ikeja Hotel plc: Key Facts
Table 18: Ikeja Hotel plc: Annual Financial Ratios
Table 19: Ikeja Hotel plc: Key Employees
Table 20: Capital Hotels Plc: Key Facts
Table 21: Nigeria Size of Population (million), 2019-23
Table 22: Nigeria Real GDP (constant 2010 Prices, $ billion), 2019-23
Table 23: Nigeria GDP (current prices, $ billion), 2019-23
Table 24: Nigeria Inflation, 2019-23
Table 25: Nigeria Consumer Price Index (absolute), 2019-23
Table 26: Nigeria Exchange Rate, 2018-23

List Of Figures

LIST OF FIGURES

Figure 1: Nigeria hotels & motels industry value: $ million, 2018-23
Figure 2: Nigeria hotels & motels industry volume: number of establishments, 2018-23
Figure 3: Nigeria hotels & motels industry category segmentation: $ million, 2018-23
Figure 4: Nigeria hotels & motels industry geography segmentation: % share, by value, 2023
Figure 5: Nigeria hotels & motels industry value forecast: $ million, 2023-28
Figure 6: Nigeria hotels & motels industry volume forecast: number of establishments, 2023-28
Figure 7: Forces driving competition in the hotels & motels industry in Nigeria, 2023
Figure 8: Drivers of buyer power in the hotels & motels industry in Nigeria, 2023
Figure 9: Drivers of supplier power in the hotels & motels industry in Nigeria, 2023
Figure 10: Factors influencing the likelihood of new entrants in the hotels & motels industry in Nigeria, 2023
Figure 11: Factors influencing the threat of substitutes in the hotels & motels industry in Nigeria, 2023
Figure 12: Drivers of degree of rivalry in the hotels & motels industry in Nigeria, 2023