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Travel & Tourism in Nigeria

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    Report

  • 54 Pages
  • February 2020
  • Region: Nigeria
  • MarketLine
  • ID: 4465680
Travel & Tourism in Nigeria

Summary

Travel & Tourism in Nigeria industry profile provides top-line qualitative and quantitative summary information including: market size (value 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 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 $21.6bn in 2018, representing a compound annual rate of change (CARC) of -4.9% between 2014 and 2018.
  • The Travel Intermediaries segment was the industry's most lucrative in 2018, with total revenues of $7.9bn, equivalent to 36.5% of the industry's overall value.
  • In July 2017, Nigerian Tourism Development Corporations (NTDC) launched the Tour Nigeria logo to promote tourism in Nigeria. The launch is aimed at promoting Nigeria as a popular destination for tourism, arts, hospitality, and entertainment in the African region.

Scope
  • Save time carrying out entry-level research by identifying the size, growth, major segments, 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

Reasons to Buy
  • What was the size of the Nigeria travel & tourism market by value in 2018?
  • What will be the size of the Nigeria travel & tourism market in 2023?
  • What factors are affecting the strength of competition in the Nigeria travel & tourism market?
  • How has the market performed over the last five years?
  • What are the main segments that make up Nigeria's travel & tourism market?

Table of Contents

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 & 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?
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 research
10.4. About the Author
List of Tables
Table 1: Nigeria travel & tourism industry value: $ billion, 2014-18
Table 2: Nigeria travel & tourism industry category segmentation: $ billion, 2018
Table 3: Nigeria travel & tourism industry geography segmentation: $ billion, 2018
Table 4: Nigeria travel & tourism industry value forecast: $ billion, 2018-23
Table 5: UAC of Nigeria PLC: key facts
Table 6: UAC of Nigeria PLC: Annual Financial Ratios
Table 7: UAC of Nigeria PLC: Key Employees
Table 8: McDonald's Corp: key facts
Table 9: McDonald's Corp: Annual Financial Ratios
Table 10: McDonald's Corp: Key Employees
Table 11: McDonald's Corp: Key Employees Continued
Table 12: AccorHotels: key facts
Table 13: AccorHotels: Annual Financial Ratios
Table 14: AccorHotels: Key Employees
Table 15: AccorHotels: Key Employees Continued
Table 16: Louvre Hotels: key facts
Table 17: Louvre Hotels: Key Employees
Table 18: Booking Holdings Inc: key facts
Table 19: Booking Holdings Inc: Annual Financial Ratios
Table 20: Booking Holdings Inc: Key Employees
Table 21: Best Western International Inc: key facts
Table 22: Best Western International Inc: Key Employees
Table 23: Nigeria size of population (million), 2014-18
Table 24: Nigeria gdp (constant 2005 prices, $ billion), 2014-18
Table 25: Nigeria gdp (current prices, $ billion), 2014-18
Table 26: Nigeria inflation, 2014-18
Table 27: Nigeria consumer price index (absolute), 2014-18
Table 28: Nigeria exchange rate, 2014-18
List of Figures
Figure 1: Nigeria travel & tourism industry value: $ billion, 2014-18
Figure 2: Nigeria travel & tourism industry category segmentation: % share, by value, 2018
Figure 3: Nigeria travel & tourism industry geography segmentation: % share, by value, 2018
Figure 4: Nigeria travel & tourism industry value forecast: $ billion, 2018-23
Figure 5: Forces driving competition in the travel & tourism industry in Nigeria, 2018
Figure 6: Drivers of buyer power in the travel & tourism industry in Nigeria, 2018
Figure 7: Drivers of supplier power in the travel & tourism industry in Nigeria, 2018
Figure 8: Factors influencing the likelihood of new entrants in the travel & tourism industry in Nigeria, 2018
Figure 9: Factors influencing the threat of substitutes in the travel & tourism industry in Nigeria, 2018
Figure 10: Drivers of degree of rivalry in the travel & tourism industry in Nigeria, 2018

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

  • UAC of Nigeria PLC
  • McDonald's Corp
  • AccorHotels
  • Louvre Hotels
  • Booking Holdings Inc
  • Best Western International Inc