Hotels & Motels in Nigeria
- Pages: 47
- Published: February 2020
- Report Code: OHMF8944
Hotels & Motels in Nigeria industry profile provides top-line qualitative and quantitative summary information including: market size (value and volume 2014-18, and forecast to 2023). 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 generated total revenues of $5.4bn in 2018, representing a compound annual rate of change (CARC) of -12.9% between 2014 and 2018.
– The number of establishments increased with a CAGR of 1% between 2014 and 2018, to reach a total of 3,085.5 in 2018.
– Despite security concerns in Nigeria, the number of international tourists has continued to grow. As such, room occupancy rates have risen year-on-year since 2015. Despite this, the value of the hotels & motels industry has drastically deteriorated amidst falling prices.
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 2018?
- What will be the size of the Nigeria hotels & motels market in 2023?
- 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
Marriott International Inc
AccorHotels
Best Western International Inc
Radisson Hotel Group
Table of Contents
List of Tables
List of Figures
Pricing
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