Hotels & Motels in Nigeria industry profile provides top-line qualitative and quantitative summary information including: market share, market size (value 2019-24, and forecast to 2029). 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 includes 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 & motels industry recorded revenues of $4.6 billion in 2024, representing a negative compound annual growth rate (CAGR) of 3.2% between 2019 and 2024.
- The number of establishments in the industry increased with a CAGR of 0.5% between 2019 and 2024, reaching a total of 3,201.0 in 2024.
- The revenue of the Nigerian hotels & motels industry experienced an annual growth of 16.8% in 2024. The growth is driven by an increase in total consumer spending on travel and tourism. According to the World Travel and Tourism Council, the total consumer spending on travel and tourism reached $4.85 billion in Nigeria in 2024, up 12.4% from 2023.
Report 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
Reasons to Buy
- What was the size of the Nigeria hotels & motels market by value in 2024?
- What will be the size of the Nigeria hotels & motels market in 2029?
- What factors are affecting the strength of competition in the Nigeria hotels & motels market?
- How has the market performed over the last five years?
- Who are the top competitors in 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 (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Accor SA
- Marriott International Inc
- Ikeja Hotel plc
- Capital Hotels Plc
