Hotels & Motels in Nigeria
Summary
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
Scope
Reasons to Buy
Summary
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?
Table of Contents
1 Executive Summary
2 Market Overview
3 Market Data
4 Market Segmentation
5 Market Outlook
6 Five Forces Analysis
7 Competitive Landscape
8 Company Profiles
9 Macroeconomic Indicators
10 Appendix
List of Tables
List of Figures
Companies Mentioned
A selection of companies mentioned in this report includes:
- Marriott International Inc
- AccorHotels
- Best Western International Inc
- Radisson Hotel Group