Travel and Tourism in Nigeria
Travel and Tourism in Nigeria
Summary
Travel & Tourism in Nigeria industry profile provides top-line qualitative and quantitative summary information including: market share, market size (value and volume 2015-19, and forecast to 2024). 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 2015-19, and forecast to 2024). 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.
- The Nigerian travel & tourism industry had total revenues of $19.9bn in 2019, representing a compound annual growth rate (CAGR) of 0.3% between 2015 and 2019.
- The foodservice segment was the industry's most lucrative in 2019, with total revenues of $7.8bn, equivalent to 39.3% of the industry's overall value.
- Economic growth accelerated in 2018 to 1.9% on the back of rising oil prices in the first half of 2018. Economic growth in the country has had a positive impact on domestic tourism, as consumers have been more willing to spend across multiple segments.
- Save time carrying out entry-level research by identifying the size, growth, 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 2019?
- What will be the size of the Nigeria travel & tourism market in 2024?
- 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 competitiors 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 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 these leading players follow?
7.6. How is technology being used by these leading companies?
7.7. Are there any threats to these leading players?
7.8. Who are the leading players in the travel intermediaries market?
7.9. What strategies do these leading players follow?
7.10. How has COVID-19 impacted players?
8 COMPANY PROFILES
8.1. UAC of Nigeria PLC
8.2. McDonald's Corp
8.3. AccorHotels
8.4. Louvre Hotels
8.5. Booking Holdings Inc
8.6. Best Western International Inc
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 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 these leading players follow?
7.6. How is technology being used by these leading companies?
7.7. Are there any threats to these leading players?
7.8. Who are the leading players in the travel intermediaries market?
7.9. What strategies do these leading players follow?
7.10. How has COVID-19 impacted players?
8 COMPANY PROFILES
8.1. UAC of Nigeria PLC
8.2. McDonald's Corp
8.3. AccorHotels
8.4. Louvre Hotels
8.5. Booking Holdings Inc
8.6. Best Western International Inc
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: $ billion, 2015-19
Table 2: Nigeria travel & tourism industry category segmentation: $ billion, 2019
Table 3: Nigeria travel & tourism industry geography segmentation: $ billion, 2019
Table 4: Nigeria travel & tourism industry value forecast: $ billion, 2019-24
Table 5: UAC of Nigeria PLC: key facts
Table 6: UAC of Nigeria PLC: Key Employees
Table 7: McDonald's Corp: key facts
Table 8: McDonald's Corp: Key Employees
Table 9: McDonald's Corp: Key Employees Continued
Table 10: AccorHotels: key facts
Table 11: AccorHotels: Key Employees
Table 12: Louvre Hotels: key facts
Table 13: Louvre Hotels: Key Employees
Table 14: Booking Holdings Inc: key facts
Table 15: Booking Holdings Inc: Key Employees
Table 16: Best Western International Inc: key facts
Table 17: Best Western International Inc: Key Employees
Table 18: Best Western International Inc: Key Employees Continued
Table 19: Nigeria size of population (million), 2015-19
Table 20: Nigeria gdp (constant 2005 prices, $ billion), 2015-19
Table 21: Nigeria gdp (current prices, $ billion), 2015-19
Table 22: Nigeria inflation, 2015-19
Table 23: Nigeria consumer price index (absolute), 2015-19
Table 24: Nigeria exchange rate, 2015-18
Table 1: Nigeria travel & tourism industry value: $ billion, 2015-19
Table 2: Nigeria travel & tourism industry category segmentation: $ billion, 2019
Table 3: Nigeria travel & tourism industry geography segmentation: $ billion, 2019
Table 4: Nigeria travel & tourism industry value forecast: $ billion, 2019-24
Table 5: UAC of Nigeria PLC: key facts
Table 6: UAC of Nigeria PLC: Key Employees
Table 7: McDonald's Corp: key facts
Table 8: McDonald's Corp: Key Employees
Table 9: McDonald's Corp: Key Employees Continued
Table 10: AccorHotels: key facts
Table 11: AccorHotels: Key Employees
Table 12: Louvre Hotels: key facts
Table 13: Louvre Hotels: Key Employees
Table 14: Booking Holdings Inc: key facts
Table 15: Booking Holdings Inc: Key Employees
Table 16: Best Western International Inc: key facts
Table 17: Best Western International Inc: Key Employees
Table 18: Best Western International Inc: Key Employees Continued
Table 19: Nigeria size of population (million), 2015-19
Table 20: Nigeria gdp (constant 2005 prices, $ billion), 2015-19
Table 21: Nigeria gdp (current prices, $ billion), 2015-19
Table 22: Nigeria inflation, 2015-19
Table 23: Nigeria consumer price index (absolute), 2015-19
Table 24: Nigeria exchange rate, 2015-18
LIST OF FIGURES
Figure 1: Nigeria travel & tourism industry value: $ billion, 2015-19
Figure 2: Nigeria travel & tourism industry category segmentation: % share, by value, 2019
Figure 3: Nigeria travel & tourism industry geography segmentation: % share, by value, 2019
Figure 4: Nigeria travel & tourism industry value forecast: $ billion, 2019-24
Figure 5: Forces driving competition in the travel & tourism industry in Nigeria, 2019
Figure 6: Drivers of buyer power in the travel & tourism industry in Nigeria, 2019
Figure 7: Drivers of supplier power in the travel & tourism industry in Nigeria, 2019
Figure 8: Factors influencing the likelihood of new entrants in the travel & tourism industry in Nigeria, 2019
Figure 9: Factors influencing the threat of substitutes in the travel & tourism industry in Nigeria, 2019
Figure 10: Drivers of degree of rivalry in the travel & tourism industry in Nigeria, 2019
COMPANIES MENTIONED
UAC of Nigeria PLC
McDonald's Corp
AccorHotels
Louvre Hotels
Booking Holdings Inc
Best Western International Inc
Figure 1: Nigeria travel & tourism industry value: $ billion, 2015-19
Figure 2: Nigeria travel & tourism industry category segmentation: % share, by value, 2019
Figure 3: Nigeria travel & tourism industry geography segmentation: % share, by value, 2019
Figure 4: Nigeria travel & tourism industry value forecast: $ billion, 2019-24
Figure 5: Forces driving competition in the travel & tourism industry in Nigeria, 2019
Figure 6: Drivers of buyer power in the travel & tourism industry in Nigeria, 2019
Figure 7: Drivers of supplier power in the travel & tourism industry in Nigeria, 2019
Figure 8: Factors influencing the likelihood of new entrants in the travel & tourism industry in Nigeria, 2019
Figure 9: Factors influencing the threat of substitutes in the travel & tourism industry in Nigeria, 2019
Figure 10: Drivers of degree of rivalry in the travel & tourism industry in Nigeria, 2019
COMPANIES MENTIONED
UAC of Nigeria PLC
McDonald's Corp
AccorHotels
Louvre Hotels
Booking Holdings Inc
Best Western International Inc
