Hotels and Motels in Nigeria - Market Summary, Competitive Analysis and Forecast to 2025

October 2021 | 44 pages | ID: H0CFF55A5B23EN
MarketLine

Abstracts

Hotels and Motels in Nigeria - Market @Summary, Competitive Analysis and Forecast to 2025

SUMMARY

Hotels & Motels in Nigeria industry profile provides top-line qualitative and quantitative summary information including: market share, market size (value 2016-20, and forecast to 2025). 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 and motels industry had total revenues of $1.5bn in 2020, representing a compound annual rate of change (CARC) of -12.3% between 2016 and 2020.
• The number of establishments increased with a compound annual growth rate (CAGR) of 2.6% between 2016 and 2020, to reach a total of 3,061.0 in 2020.
• Despite security concerns in Nigeria, the number of international tourists has continued to grow.

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 2020?
• What will be the size of the Nigeria hotels & motels market in 2025?
• 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 competitiors 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 strategies do the leading players follow?
7.3. How has the COVID-19 pandemic impacted leading players?
7.4. Are there any threats to the leading players?

8 COMPANY PROFILES

8.1. Marriott International Inc
8.2. Best Western International Inc
8.3. Radisson Hotel Group

9 MACROECONOMIC INDICATORS

9.1. Country data

10 APPENDIX

10.1. Methodology
10.2. About MarketLine

List Of Tables

LIST OF TABLES

Table 1: Nigeria hotels & motels industry value: $ million, 2016-20
Table 2: Nigeria hotels & motels industry volume: number of establishments, 2016-20
Table 3: Nigeria hotels & motels industry category segmentation: $ million, 2020
Table 4: Nigeria hotels & motels industry geography segmentation: $ million, 2020
Table 5: Nigeria hotels & motels industry value forecast: $ million, 2020-25
Table 6: Nigeria hotels & motels industry volume forecast: number of establishments, 2020-25
Table 7: CRG Holdings, LLC : key facts
Table 8: Marriott International Inc: key facts
Table 9: Marriott International Inc: Annual Financial Ratios
Table 10: Marriott International Inc: Key Employees
Table 11: Marriott International Inc: Key Employees Continued
Table 12: Marriott International Inc: Key Employees Continued
Table 13: Best Western International Inc: key facts
Table 14: Best Western International Inc: Key Employees
Table 15: Best Western International Inc: Key Employees Continued
Table 16: Radisson Hotel Group: key facts
Table 17: Radisson Hotel Group: Key Employees
Table 18: Radisson Hotel Group: Key Employees Continued
Table 19: Nigeria size of population (million), 2016-20
Table 20: Nigeria gdp (constant 2005 prices, $ billion), 2016-20
Table 21: Nigeria gdp (current prices, $ billion), 2016-20
Table 22: Nigeria inflation, 2016-20
Table 23: Nigeria consumer price index (absolute), 2016-20
Table 24: Nigeria exchange rate, 2016-20

List Of Figures

LIST OF FIGURES

Figure 1: Nigeria hotels & motels industry value: $ million, 2016-20
Figure 2: Nigeria hotels & motels industry volume: number of establishments, 2016-20
Figure 3: Nigeria hotels & motels industry category segmentation: % share, by value, 2020
Figure 4: Nigeria hotels & motels industry geography segmentation: % share, by value, 2020
Figure 5: Nigeria hotels & motels industry value forecast: $ million, 2020-25
Figure 6: Nigeria hotels & motels industry volume forecast: number of establishments, 2020-25
Figure 7: Forces driving competition in the hotels & motels industry in Nigeria, 2020
Figure 8: Drivers of buyer power in the hotels & motels industry in Nigeria, 2020
Figure 9: Drivers of supplier power in the hotels & motels industry in Nigeria, 2020
Figure 10: Factors influencing the likelihood of new entrants in the hotels & motels industry in Nigeria, 2020
Figure 11: Factors influencing the threat of substitutes in the hotels & motels industry in Nigeria, 2020
Figure 12: Drivers of degree of rivalry in the hotels & motels industry in Nigeria, 2020