Hotels & Motels in Nigeria

Hotels & Motels in Nigeria industry profile provides top-line qualitative and quantitative summary information including: market size (value and volume 2012-16, and forecast to 2021). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.

Synopsis

Essential resource for top-line data and analysis covering the Nigeria hotels & motels market. Includes market size and segmentation data, textual and graphical analysis of market growth trends, leading companies and macroeconomic information.

Key Highlights

– The hotels & motels industry value consists of all room revenues generated by hotels, motels and other accommodation providers through the provision of accommodation. The value does not include non-room revenues, such as casinos, shops and telecommunication services.

– The Nigerian hotels & motels industry’s total revenue valued of $6.3bn in 2016, representing a compound annual growth rate (CAGR) of 10.0% between 2012 and 2016.

– Industry consumption volume increased with a CAGR of 3.6% between 2012 and 2016, to reach a total of 2,985.0 establishments in 2016.

– The number of foreign visitors has immensely grown in recent years in spite of security concerns. Demand from foreign tourism has been stimulated by declining prices in the industry over 2015 and 2016. The number of corporate travelers declined in 2016, however, as the Nigerian economy has been in recession.

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 by both value and volume

Reasons to buy

- What was the size of the Nigeria hotels & motels market by value in 2016?

- What will be the size of the Nigeria hotels & motels market in 2021?

- 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?

Companies mentioned

AccorHotels

Best Western International, Inc.

Louvre Hotels

Marriott International, Inc.

Table of Contents

Table of Contents

Executive Summary

Market value

Market value forecast

Market volume

Market volume forecast

Category segmentation

Geography segmentation

Market rivalry

Market Overview

Market definition

Market analysis

Market Data

Market value

Market volume

Market Segmentation

Category segmentation

Geography segmentation

Market Outlook

Market value forecast

Market volume forecast

Five Forces Analysis

Summary

Buyer power

Supplier power

New entrants

Threat of substitutes

Degree of rivalry

Leading Companies

AccorHotels

Best Western International, Inc.

Louvre Hotels

Marriott International, Inc.

Macroeconomic Indicators

Country data

Methodology

Appendix

About MarketLine

List of Tables

List of Tables

Table 1: Nigeria hotels & motels industry value: $ billion, 2012-16

Table 2: Nigeria hotels & motels industry volume: establishments, 2012-16

Table 3: Nigeria hotels & motels industry category segmentation: $ billion, 2016

Table 4: Nigeria hotels & motels industry geography segmentation: $ billion, 2016

Table 5: Nigeria hotels & motels industry value forecast: $ billion, 2016-21

Table 6: Nigeria hotels & motels industry volume forecast: establishments, 2016-21

Table 7: AccorHotels: key facts

Table 8: AccorHotels: key financials ($)

Table 9: AccorHotels: key financials (€)

Table 10: AccorHotels: key financial ratios

Table 11: Best Western International, Inc.: key facts

Table 12: Louvre Hotels: key facts

Table 13: Marriott International, Inc.: key facts

Table 14: Marriott International, Inc.: key financials ($)

Table 15: Marriott International, Inc.: key financial ratios

Table 16: Nigeria size of population (million), 2012-16

Table 17: Nigeria gdp (constant 2005 prices, $ billion), 2012-16

Table 18: Nigeria gdp (current prices, $ billion), 2012-16

Table 19: Nigeria inflation, 2012-16

Table 20: Nigeria consumer price index (absolute), 2012-16

Table 21: Nigeria exchange rate, 2012-16

List of Figures

List of Figures

Figure 1: Nigeria hotels & motels industry value: $ billion, 2012-16

Figure 2: Nigeria hotels & motels industry volume: establishments, 2012-16

Figure 3: Nigeria hotels & motels industry category segmentation: % share, by value, 2016

Figure 4: Nigeria hotels & motels industry geography segmentation: % share, by value, 2016

Figure 5: Nigeria hotels & motels industry value forecast: $ billion, 2016-21

Figure 6: Nigeria hotels & motels industry volume forecast: establishments, 2016-21

Figure 7: Forces driving competition in the hotels & motels industry in Nigeria, 2016

Figure 8: Drivers of buyer power in the hotels & motels industry in Nigeria, 2016

Figure 9: Drivers of supplier power in the hotels & motels industry in Nigeria, 2016

Figure 10: Factors influencing the likelihood of new entrants in the hotels & motels industry in Nigeria, 2016

Figure 11: Factors influencing the threat of substitutes in the hotels & motels industry in Nigeria, 2016

Figure 12: Drivers of degree of rivalry in the hotels & motels industry in Nigeria, 2016

Figure 13: AccorHotels: revenues & profitability

Figure 14: AccorHotels: assets & liabilities

Figure 15: Marriott International, Inc.: revenues & profitability

Figure 16: Marriott International, Inc.: assets & liabilities

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