+353-1-416-8900REST OF WORLD
+44-20-3973-8888REST OF WORLD
1-917-300-0470EAST COAST U.S
1-800-526-8630U.S. (TOLL FREE)

Hotels & Motels in Nigeria

  • PDF Icon

    Report

  • 47 Pages
  • February 2020
  • Region: Nigeria
  • MarketLine
  • ID: 4413826
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
  • 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
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 is technology being used by the leading companies?
7.4. Are there any threats to the leading players?
8 Company Profiles
8.1. Marriott International Inc
8.2. AccorHotels
8.3. Best Western International Inc
8.4. Radisson Hotel Group
9 Macroeconomic Indicators
9.1. Country data
10 Appendix
10.1. Methodology
10.2. About the Author
List of Tables
Table 1: Nigeria hotels & motels industry value: $ billion, 2014-18
Table 2: Nigeria hotels & motels industry volume: thousand establishments, 2014-18
Table 3: Nigeria hotels & motels industry category segmentation: $ billion, 2018
Table 4: Nigeria hotels & motels industry geography segmentation: $ billion, 2018
Table 5: Nigeria hotels & motels industry value forecast: $ billion, 2018-23
Table 6: Nigeria hotels & motels industry volume forecast: thousand establishments, 2018-23
Table 7: Marriott International Inc: key facts
Table 8: Marriott International Inc: Annual Financial Ratios
Table 9: Marriott International Inc: Key Employees
Table 10: Marriott International Inc: Key Employees Continued
Table 11: Marriott International Inc: Key Employees Continued
Table 12: Marriott International Inc: Key Employees Continued
Table 13: AccorHotels: key facts
Table 14: AccorHotels: Annual Financial Ratios
Table 15: AccorHotels: Key Employees
Table 16: AccorHotels: Key Employees Continued
Table 17: Best Western International Inc: key facts
Table 18: Best Western International Inc: Key Employees
Table 19: Radisson Hotel Group: key facts
Table 20: Radisson Hotel Group: Key Employees
Table 21: Nigeria size of population (million), 2014-18
Table 22: Nigeria gdp (constant 2005 prices, $ billion), 2014-18
Table 23: Nigeria gdp (current prices, $ billion), 2014-18
Table 24: Nigeria inflation, 2014-18
Table 25: Nigeria consumer price index (absolute), 2014-18
Table 26: Nigeria exchange rate, 2014-18
List of Figures
Figure 1: Nigeria hotels & motels industry value: $ billion, 2014-18
Figure 2: Nigeria hotels & motels industry volume: thousand establishments, 2014-18
Figure 3: Nigeria hotels & motels industry category segmentation: % share, by value, 2018
Figure 4: Nigeria hotels & motels industry geography segmentation: % share, by value, 2018
Figure 5: Nigeria hotels & motels industry value forecast: $ billion, 2018-23
Figure 6: Nigeria hotels & motels industry volume forecast: thousand establishments, 2018-23
Figure 7: Forces driving competition in the hotels & motels industry in Nigeria, 2018
Figure 8: Drivers of buyer power in the hotels & motels industry in Nigeria, 2018
Figure 9: Drivers of supplier power in the hotels & motels industry in Nigeria, 2018
Figure 10: Factors influencing the likelihood of new entrants in the hotels & motels industry in Nigeria, 2018
Figure 11: Factors influencing the threat of substitutes in the hotels & motels industry in Nigeria, 2018
Figure 12: Drivers of degree of rivalry in the hotels & motels industry in Nigeria, 2018

Companies Mentioned

A selection of companies mentioned in this report includes:

  • Marriott International Inc
  • AccorHotels
  • Best Western International Inc
  • Radisson Hotel Group